Press release
Tomatoes Market: Insight into Growth Rate, Market Drivers, Size, and Forecast (2024-2029)
Tomatoes Market Size
What Is The Projected Market Size Of The Global Tomatoes Market And Its Growth Rate?
The tomatoes market has witnessed robust growth in recent years, with the key statistics as follows:
• Market size in 2024: $182.13 billion
• Estimated market size in 2025: $194.21 billion (6.6% CAGR)
• Projected market size in 2029: $243.65 billion (5.8% CAGR)
This growth is anticipated to be driven by increasing health and wellness trends, sustainable agricultural practices, globalization, and changing consumer preferences among other factors.
What Is Driving The Growth In The Tomatoes Market?
The growth in tomatoes market is primarily propelled by increasing tomato production worldwide. Tomatoes, a widely used food item, offers antioxidant protection against cancer which boosts its demand in the food industry. For instance, US-based Agriculture Marketing Research Center reported that in 2023, the fresh market tomatoes' production value in the US reached around $715.63 million. Hence, the rise in production and demand for tomatoes are key drivers for the tomatoes market growth.
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Who Are the Key Players Driving Tomatoes Market Growth?
• Houwelings International BV
• Ontario Processing Vegetable Growers
• Casalasco Società Agricola S.p.A.
• Tomato Growers Supply Company
• Magic Sun Ltd.
• Sahyadri Farms Post Harvest Care Ltd.
• Pacific Rim Produce
• Gebroeders Duijvestijn Tomaten
• Mucci Int'l Mrktg Inc.
• R&L Holt Ltd.
• West Coast Tomato LLC
• Royal Pride Holland BV
• The Morning Star Company
• COFCO Tunhe Tomato Co. Ltd.
• Xinjiang Chalkis Company Ltd.
• Ingomar Packing Co.
• Conagra Brands Inc.
• Los Gatos Tomatos
• Haohan Group Ltd.
• Campbell Soup Company
• Olam International Ltd.
• Neil Jones Food Company
• Stanislaus Food Products Co. Inc.
• Consorzio Interregionale Ortofrutticoli S.c.a.r.l.
• Sugal & Damani group
• Pacific Coast Producers
• Kagome Co. Ltd.
• Conservas Vegetales de Extremadura
• Tat Gida Sanayi A.S.
• Del Monte Foods Inc.
• Xinjiang Guannong Tomato Products Co. Ltd.
• Mutti S.p.A.
What Are The Key Trends In The Tomatoes Market?
Key trends influencing the tomatoes market include:
• Globalization of tomato supply chains
• Technological integration in supply chain management
• Growing importance of food safety standards
• Expansion of tomato-based product offerings
• Climate change resilience
What Are The Segments Of The Global Tomatoes Market?
• By Type: Cherry Tomatoes, Grape Tomatoes, Roma Tomatoes, Beefsteak Tomatoes, Heirloom Tomatoes, Tomatoes On The Vine, Green Tomatoes, Other Types
• By Category: Conventional, Organic
• By Distribution Channel: Direct, Indirect
• By End User: Food Service Industry, Household Or Retail Industry
Which Region Leads The Tomatoes Market?
The largest region in the tomatoes market in 2024 was Asia-Pacific. This region is also expected to be the fastest-growing during the projected period. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Tomatoes Market Global Market Report?
- Market Size Analysis: Analyze the Tomatoes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Tomatoes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Tomatoes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Tomatoes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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