Posted on 03 Dec 2018
Tomato is considered as one of the most important food crops as it is a rich source of vitamin A, C, potassium, minerals and fibres. It provides an endless array of health benefits as it helps to fight diabetes, cancer, cardio-vascular diseases, constipation, depression, and maintain a healthy blood pressure. A majority of tomatoes produced are consumed fresh while the remaining are used in the tomato processing industry. Processed tomatoes are extensively used in the preparation of sauces, ketchups, purees, soups, pickles, juices, etc.
The tomato processing industry witnessed a healthy growth for two successive years during 2007-2009, followed by a period of five years (2009-2014) where consumption levels remained flat or witnessed a decline. This was due to the fact that the volumes processed in 2009 surpassed the global consumption level and generated large stocks that have continued to feed the market even when the processed volumes of the following years sharply decreased. It was significantly lower than the global demand. However, the industry recovered and returned to normal growth from the year 2015 onwards. According to a new report by Expert Market Research, global tomato processing market reached a volume of 38 Million Tons in 2018 and is further expected to reach a volume of 44 Million Tons by 2024.
The global market for tomato processing is currently being driven by numerous factors. Rising fast food trends have led to an increase in the global demand for processed tomatoes. Population growth, rising disposable incomes, urbanisation, changing dietary patterns, growing fast food industry and rising demand from emerging markets are also broadening the growth aspects of the global tomato processing market.
To request a sample copy or view summary of this report, click on the link: https://www.expertmarketresearch.com/request?type=report&id=63&flag=B
Key findings from the report:
Expert Market Research has analysed the global tomato processing market according to end-use, region and top players:
Market breakup by End-Use
Market breakup by Region
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
LATAM’s projected robust growth of its palm oil production will contribute to the growth of the global market in the forecast period. The global market is expected to grow at a CAGR of 6.2% in the f...
The market is further expected to grow at a CAGR of 8.7% in the forecast period of 2018-2024 with 49, 650 metric tons of food fortification premix projected to be consumed globally in 2024.
The Europe market is being driven by the healthy growth of the global market which is projected to reach about 49.6 kilo metric tons in 2024, growing at a CAGR of 8.7% between 2019 and 2024.
The South Africa food fortification premix market reached a volume of nearly 10 kilo tons in 2018. Meanwhile, the global market is projected to grow at a robust CAGR of 8.7% in the forecast period of ...
In 2017, 31.9 billion litres of cow’s milk was produced in Germany. It was the leading dairy market in Europe in 2017. The Germany dairy market is expected to continue growing in the forecast period...
Have any queries or concern?