Global Tomato Processing Market Report and Forecast 2023-2028

Global Tomato Processing Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global tomato processing market is aided by the rising production as well as consumption of processed tomatoes. In 2022, 79.52 million tons of processed tomatoes were consumed globally. Their consumption is expected to grow further, growing at a CAGR of 3.8% in the forecast period of 2023-2028 to attain 99.46 million tons in 2028.

Tomatoes, a versatile fruit, are processed into various forms, encompassing sauces, purees, pastes, ketchup, and canned tomatoes. Given the rich lycopene content, tomatoes are known to have various health benefits, including reduced risks of heart diseases and cancer. Additionally, they serve as an essential source of vitamin C, potassium, folate, and vitamin K. Beyond its dietary merits, the processing of tomatoes accentuates the flavour, enhances preservation, and facilitates long-distance transportation, driving its demand in the global food industry.

One predominant factor underpinning the global tomato processing market growth is the soaring demand for convenience food items. With urbanisation and fast-paced lifestyles, consumers are veering towards processed tomato products, such as sauces and ketchups, which offer an easy, quick flavour enhancement to a plethora of dishes. Moreover, the culinary influence of global travel and interconnectedness has resulted in a growing acceptance of international cuisines, wherein tomato-based ingredients often hold prominence.

The multifaceted application of processed tomatoes across diverse industries is another catalyst augmenting the tomato processing market outlook. In the food service sector, tomato paste and puree have become staples owing to their concentrated flavour and extended shelf life. Tomato ketchup and sauces, with their tangy taste and smooth texture, are consumer favourites and are now a must-have in fast-food chains and restaurants. Beyond the food service realm, processed tomatoes are finding their way into the pharmaceutical industry, courtesy of the health advantages associated with lycopene.

Moreover, innovations in the realm of tomato processing have given birth to high-end products, like sundried tomatoes and tomato powders, which are gaining traction in gourmet cooking and health-conscious consumer segments. The incorporation of organic farming practices and the introduction of genetically modified tomato breeds have not only improved yield but also augmented the nutritional content, further boosting the tomato processing market demand.

Additionally, the sustainability drive has led the industry to focus on waste minimisation and efficient processing methods. The utilisation of by-products like tomato seeds and peels, which were previously discarded, are now being converted into valuable products, such as dietary supplements and natural colorants.

Market Segmentation

The market can be divided based on distribution channel, end use, and region.

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Speciality Stores
• Online Stores
• Others

Market Breakup by End Use

• Sauces
• Paste
• Canned Tomatoes
• Ketchup
• Juice
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tomato processing market. Some of the major players explored in the report by Expert Market Research are as follows:

• Campbell Soup Company
• J.G. Boswell Tomato Company
• Chumak Company
• Morning Star Company
• CONESA Group
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.