Tomato Powder Market Booms to US$ 2.3 Billion by 2030, Fueled by Convenience and Innovation, RationalStat Reveals

The global tomato powder market is expected to reach US$ 2.3 billion by 2030, with an annual growth rate of more than 3.2%.

According to RationalStat's most recent industry analysis, the Global Tomato Powder Market value is estimated at US$ 1.9 billion in 2023 and is expected to rise at a strong CAGR of over 3.2% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

Tomato powder is typically made by dehydrating tomatoes and then grinding them into a fine powder. The dehydration process removes the moisture content from the tomatoes, resulting in a concentrated form of the fruit. This powder can be rehydrated and used in various culinary applications.
Many of the nutritional benefits of fresh tomatoes, such as vitamins, minerals, and antioxidants, are retained in tomato powder. This attracts to health-conscious shoppers who want to incorporate these elements into their diet.

According to a deep-dive market assessment by RationalStat, the global tomato powder market has been analyzed on the basis of market segments, including nature, product type, extraction, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global tomato powder market covers market sizes on the basis of market value (US$/EUR Million), volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global tomato powder market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Tomato Powder Market: Segmental and Market Share Analysis

• On the basis of nature, organic tomato powder segment dominated the market in 2022 and is expected to hold the largest market share over the forecast period. Organic tomato powder is versatile in the culinary world.

• On the basis of application, food and beverages segment is expected to evolve continuously. As food manufacturers strive to meet the demands of convenience-focused consumers while maintaining product quality.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 1.9 billion
Market Size Forecast US$ 2.3 billion
Growth Rate 3.2%
Dominant Segment Organic
Dominant Region North America

Key Market Drivers
• Increasing global cuisine influence among consumers
• Growing usage in food processing industry

Companies Profiled
• Agraz SA
• Drytech Processes (I) Pvt Ltd
• Bata Food
• Cham Foods
• Agusa
• Harmony House Foods
• Farmvilla Food Industries Private Limited
• COFCO Tunhe Tomato Co., Ltd.
• Tianjin Kunyu International Co, Ltd

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global tomato powder market include.

• In February 2023, Aakay Food Products launched a new line of tomato powders that are specifically designed for use in savory snacks. These powders add flavor and texture to snacks.

• In June 2022, Agraz acquired Lycored, a leading manufacturer of tomato powders and extracts. This acquisition will allow Agraz to expand its product portfolio and reach new markets.

Some of the prominent players and suppliers operating and contributing significantly to the global tomato powder market growth include Agraz SA, Drytech Processes (I) Pvt Ltd, Bata Food, Aakay Food Products Ltd., Cham Foods, Agusa, Harmony House Foods, Farmvilla Food Industries Private Limited, COFCO Tunhe Tomato Co., Ltd., and Tianjin Kunyu International Co, Ltd among others.

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RationalStat has segmented the global tomato powder market based on nature, product type, extraction, application and region
• Global Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Nature
o Organic
o Conventional
• Global Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Product Type
o Sun Dried
o Bulk-sun Dried
o Freeze Dried
• Global Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Extraction
o Cold Break
o Hot Break
• Global Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Application
o Soup Mixes
o Food and Beverages
o Seasoning and Savories
o Snack Foods
o Curries and Gravies
o Baby Food
o Others (Cosmetics)
• Global Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Region
o North America Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Tomato Powder Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Tomato Powder Report:
• What will be the market value of the global Tomato Powder market by 2030?
• What is the market size of the global Tomato Powder market?
• What are the market drivers of the global Tomato Powder market?
• What are the key trends in the global Tomato Powder market?
• Which is the leading region in the global Tomato Powder market?
• What are the major companies operating in the global Tomato Powder market?
• What are the market shares by key segments in the global Tomato Powder market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
Kimberly Shaw,
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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