Tomatoes were first used as food by the Mexicans, which later spread worldwide with the Spanish colonization of the Americas. Of the total tomatoes grown, 80% are consumed fresh while 20% are used for processing. Tomato processing began with its manual canning in 1847 and currently represents a highly organized industry with sales worth billions of dollars. The market is being driven by urbanization and increasing appeal of fast food to teenagers and youngsters. This report by Expert Market Research entitled “Tomato Processing Market Report and Forecast 2019-2023” provides a comprehensive analysis for anyone who plans to foray into the tomato processing market.
Historical market trends for the tomato processing industry have been provided from 2014-2018 and forecasts have been presented till 2023. On a regional level, the report has segmented the global tomato processing market into the following regions – North America, South America, Asia-Pacific, Europe and the Middle East and Africa. Among these regions, North America represented the largest market. Country-wise, the United States represented the biggest market. Other major countries include Italy, China, Turkey, Iran, Spain, and Brazil. Additionally, the report has analyzed the market on the basis of end-use processed tomatoes which include sauces, paste, canned tomatoes, ketchup and juice. Currently, sauces represent the biggest end-use segment followed by paste.
The value chain analysis of tomato processing has also been covered in this report encompassing all the activities in the value chain such as procurement, processing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the tomato processing industry has also been provided. Some of the key players in this market include Morning Star, Tunhe, Chalkis, Ingomar, JG Boswell, etc.
This report provides an exhaustive insight for setting-up and running a tomato processing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, processing procedure, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global tomato market?
- Which are the biggest markets (regions) for tomatoes?
- What is the utilization pattern of tomatoes?
- What are the market trends for the global tomato processing market?
- Which are the biggest markets (regions) for processed tomatoes?
- What are the key product types of processed tomatoes?
- Who are the key players in the tomato processing market?
- What are the land and construction requirements to start a tomato processing plant?
- What are the machinery requirements to start a tomato processing plant?
- How are processed tomatoes priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a tomato processing plant?
- What are the running costs of a tomato processing plant?
- How much revenue can a tomato processing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the tomato processing industry. They included processors, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.