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Global Tomato Processing Market to Grow at a CAGR of 4% between 2019-2024

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"According to a new report by EMR titled, ‘Global Tomato Processing Market Report and Forecast 2019-2024’, the global consumption of processed tomatoes stood at 40 million tons in 2018. The consumption of processed tomatoes is expected to grow at a CAGR of 4% in the period 2019-2024, to reach 50 million tons in 2024."

The global tomato processing market is being driven by the increasing per-capita consumption of processed tomatoes globally. The market is being aided by the overall growth in the consumption of processed foods and beverages many of which contain processed tomatoes as an ingredient. Ketchup, especially, is a growing condiment sector which is witnessing a rising demand. Sauces are the largest application sector for processed tomatoes, accounting for 30% of their overall applications. The global consumption of tomato-based sauces was close to 12 million tons in 2018.

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The growth in tomato production and improving varieties of tomatoes is also driving the market growth. The global production of tomatoes reached 184 million tons in 2018. Their production is projected to grow further in the forecast period of 2019-2024 at a CAGR of 3.1% to attain 221 million tons in 2024. The world trade of tomatoes mostly involves the trade of processed products like purees, sauces, tinned tomatoes, and pastes, among others. Thus, the increase in the production of processed goods is also aiding the growth of the tomato trade.

The Asia Pacific is the largest producer of tomatoes, globally, accounting for nearly half the global tomato output. China and India are their leading producers, not just in the region, but also the world. The increase in the tomato processing capacity of China is a major driving factor for the tomato processing market. The adoption of good cultural practices along with the high demand for tomatoes in countries like India and China is driving the market for both fresh and processed tomatoes. The United States, however, is the largest tomato processing market in the world representing more than 35% of the market. In 2017, about 22 million pounds of tomatoes were processed in the country, and accounted for 70% of the total processed vegetables in the country. Italy is another significant market in the industry with the domestic demand for processed tomatoes intrinsically linked to the traditional food being consumed.
 

Market Analysis by Types, Applications, and Regions:

  • Tomatoes can either be available fresh or can be processed into various products. 
  • Processed tomatoes find their end-uses in sauces, paste, canned tomatoes, ketchup, and juice. 
  • Region-wise, the market can be divided into North America, Europe, LATAM, Asia Pacific, and the Middle East and Africa regions.


Key Findings of the Report:

  • The global tomato processing market is being driven by its expanding applications in the household and food processing sectors.
  • The foodservice industry is also emerging as a growing application sector for processed tomatoes in segments like fast food retail chains, hotels, and restaurants.
  • The thriving fast food sector along with the rising market for organised retail sector is aiding the industry. 
  • The market is also being aided by its favourable properties like longer shelf life and additional health benefits. 
  • Tomato puree finds extensive use across multiple value-added products like ketchup, paste, strained tomato pulp, pickles pasta, salsa, gravies, pizza sauces, ready-to-eat curries, and tomato-based powder products.


Key Offerings of the Report:

  • The EMR report analyses the markets for the different types of tomatoes and the various end-use sectors of processed tomatoes for the periods (2014-2018) and (2019-2024).
  • The report analyses the regional historical (2014-2018) and forecasted (2019-2024) consumption for tomatoes and tomato processing markets.
  • It also gives a global trade data analysis of the major exporting and importing countries by their value and volume for the year 2018.
  • It offers the regional historical (2014-2018) and forecasted (2019-2024) price trends in the tomato processing market. 


The Morning Star Company, COFCO Tunhe Tomato Co., Ltd., Xinjiang Chalkis Tomato Products Co.,ltd, Ingomar Packing Company,  J.G. Bosewell Tomato Co.ltd,  Conagra Brands, Inc, Conserve Italia Soc. Coop. Agricola, Olam International Limited, Los Gatos Tomato, Inc., China Haohan Group Limited, and The Campbell Soup Company are the key players in the global tomato processing market as identified by the EMR report. The report by EMR covers their market share, capacity, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds.

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"Tomato Processing Market: By End-Use: Sauces, Paste, Canned Tomatoes, Ketchup, Juice; By Region: Asia Pacific, North America, Middle East and Africa, South America; Historical Supply and Demand (2014-2018); Supply and Demand Forecast (2019-2024); Competitive Landscape; Cost Analysis"

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