As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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 41.52million tons in 2019.
Get a Free Sample Report For Market Study - https://www.expertmarketresearch.com/request?type=report&id=63&flag=B
The growth in tomato production and improving varieties of tomatoes is also driving the market growth. The global production of tomatoes reached 41.52 million tons in 2019. Their production is projected to grow further in the forecast period of 2020-2025 at a CAGR of 3.8% to attain 51.93 million tons in 2025. 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:
Key Findings of the Report:
Key Offerings of the Report:
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.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.