Global Tomato Processing Market Growth Impelled by Growing Preference of Ready-to-Eat Foods

The global tomato processing market reached a volume of around 42 Million Tons in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

Tomatoes are fruits from the nightshade family which is native to South America. Cultivated in more than a hundred and fifty countries, they serve as a quintessential ingredient in various cuisines across the globe. Tomatoes are a rich source of vitamins, minerals, potassium, fibers, carotenoids, beta-carotene and lycopene. A majority of the tomatoes produced worldwide are consumed fresh while the remaining are used by the tomato processing industry. Processed tomatoes, widely used in ketchup, soup, juice, sauce, powder, concentrate, snacks and paste, have higher levels of antioxidants as compared to their fresh counterparts. Moreover, owing to their ease of use, they are extensively gaining popularity across hotels, restaurants, fast food joints, households and the food processing industry.

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Global Tomato Processing Market Trends:

The growing preference for fast foods and processed food products is primarily driving the growth of the market. Hectic schedules, rapid urbanization and inflating disposable incomes have led the masses to make a shift toward ready-to-eat food which extensively utilizes processed tomato products, including ketchup and dehydrated tomatoes. Moreover, the shift toward organic farming owing to rising health consciousness is creating a positive outlook for the market.

Apart from this, manufacturers have shifted to unique packaging techniques which ensure safe distribution and a longer shelf-life of tomato-based products, thus providing a further boost to the market growth. Other factors contributing to the market growth include rising disposable income and various types of processed tomato products available in the market which cater to diversified consumer tastes.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Tomato Processing Market Segmentation:

Market Breakup by Distribution Channel

1. Supermarkets/Hypermarkets
2. Specialty Stores
3. Convenience Stores
4. Online Stores
5. Others

Market Breakup by End-Use

1. Sauces
2. Paste
3. Canned Tomatoes
4. Ketchup
5. Juice
6. Others

Market Breakup by Region

1. United States
2. Italy
3. China
4. Turkey
5. Iran
6. Others

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This release was published on openPR.