Tomatoes Market will Grow at a CAGR of 3.2% During 2023 to 2030

The tomatoes market will grow at a CAGR of 3.2% during the forecast period of 2023 to 2030.

Global tomatoes market is gaining significant growth due to the increased usage of tomatoes in various cuisines and processing units. Tomatoes are used in producing different types of tomato products and have huge demand in the market. They are not only good in taste but also provide health benefits to humans.

The factors driving the market growth are growing demand for tomatoes in food processing industries as well as the development and production of new varieties of tomatoes in the market. The factor restraining the market growth is fluctuations in the prices of tomatoes, which depend on various factors such as rain, temperature, and season. The opportunity for market growth is growing tomatoes with the help of artificial intelligence (AI). Some of the factors that challenge market growth are rising post-harvesting losses due to lack of storage facilities.

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Global Tomatoes Market Dynamics

Drivers

Government Initiatives to Boost Tomato Production and the Agricultural Sector

With the increasing population and higher demand for fruits and fresh vegetables, the government has put several efforts into increasing the production and processing of the crops. Through much R&D in science and technology, the government has come up with many initiatives to increase tomato production to fulfill the demand for tomatoes and other agricultural products.

The government funds research institutions such as the California Tomato Research Institute, Agriculture Research Service (ARS), and ICAR-IIHR in India to develop new varieties such as Pusa Ruby, Pusa Gaurav, and Chhuhara. These high-yielding varieties give more yield and are also more disease and pest-resistant, which is very important for higher production and makes them less prone to natural disasters.

Thus, various initiatives taken by government bodies to promote the production and processing of tomatoes will accelerate market growth.

Surging Growth for Tomatoes in the Food Processing Industry

The B2B market needs tomatoes since they are utilized as a raw material to make other processed tomato products. Tomatoes are used in various forms, including juice, paste, puree, diced/peeled tomatoes, ketchup, pickles, sauces, and ready-to-eat curries. There are numerous uses for processed tomato products in the food sector such as in snacks, culinary, hotels, restaurants, and fast food retail chains. They can be eaten both cooked and uncooked and have a high demand in the global market. Because of rapid urbanization, consumers in emerging and developed countries are enticed to eat readymade foods and tomato-processed products. To meet the growing demand, processed food manufacturers and tomato paste processors focus on ready-to-eat products.

Opportunity

Growing Tomatoes Using Artificial Intelligence

AI is a wide-ranging branch of computer science engaged in building smart machines capable of performing tasks that typically require human intelligence. It is a growing part of everyday life and is also used in the agricultural sector. AI technology is focused on solving various problems to increase and optimize production and operation processes.

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Post-COVID-19 Impact on Global Tomatoes Market

Post the pandemic, the demand for tomato and tomato products increased as there were no more restrictions on movement, so the supply of products was easy. In addition, companies developed their processing units to manufacture tomato-based products and the demand for tomatoes in the food service industry also increased which propelled the market growth.

Recent Developments

Global Tomatoes Market Scope

Type

Cherry Tomatoes
Roma Tomatoes
Others

Product Type

Fresh
Frozen
Dried

Category

Conventional
Organic

End User

Food Service Industry
Household/Retail Industry

Distribution Channel

Direct
Indirect

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Global Tomatoes Market Regional Analysis/Insights

Table of Content:
1 Introduction

1.1 Objectives Of The Study

1.2 Market Definition

1.3 Overview Of Global Tomatoes Market

1.4 Limitations

2 Market Segmentation

2.1 Markets Covered

2.2 Geographical Scope

2.3 Years Considered For The Study

3 EXECUTIVE SUMMARY

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Competitive Landscape and Global Tomatoes Market Share Analysis

Some of the major players operating in the global tomatoes market are:

Houwelings, Ontario Processing Vegetable Growers, CASALASCO - SOCIETÀ AGRICOLA S.p.A., Tomato Growers Supply Company, Magic Sun, Sahyadri Farms Post Harvest Care Ltd., PACIFIC RIM PRODUCE, Duijvestijn Tomaten, Mucci Int'l Mrktg Inc., R&L Holt Ltd., West Coast Tomato, LLC, Royalpride, Nature Fresh Farms., REDSTAR Sales BV, Streef Produce Ltd., Hnatiuk Gardens, Aylmer Family Farm, Exeter Produce, AppHarvest, and MASTRONARDI PRODUCE LTD among others.

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