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Market Trend Analysis: The Impact of Recent Advances on the Tomato Powder Market
The tomato powder market is gaining steady traction as consumer preferences shift toward natural and organic food ingredients. Driven by advances in food processing and a growing focus on health and sustainability, this sector is expected to witness notable growth over the coming years. Let's explore the current market size, key players, emerging trends, and segmentation within this dynamic industry.Projected Growth Trajectory of the Tomato Powder Market
The tomato powder market is anticipated to expand steadily, reaching a value of $2.18 billion by 2029. This growth corresponds to a compound annual growth rate (CAGR) of 4.7% during the forecast period. Several factors contribute to this rise, including increasing demand from the food processing industry, a stronger consumer preference for natural and organic products, the globalization of food supply chains, and heightened health awareness among buyers. Additionally, ongoing trends such as technological advancements in food processing, continuous innovation, tailored product offerings, and efforts to reduce food waste are shaping the market outlook.
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Key Drivers Supporting Tomato Powder Market Expansion
One of the primary forces propelling the tomato powder market is the rising consumer inclination toward natural and organic ingredients. As more consumers seek clean-label food products, the demand for organic and minimally processed tomato powder is growing rapidly.
Moreover, the food processing sector's expansion worldwide is creating new opportunities for tomato powder applications. This includes increasing use in bakery, confectionery, beverages, and other processed food categories that benefit from the convenience and flavor enhancement provided by tomato powder.
Leading Companies Making Their Mark in the Tomato Powder Market
Several notable companies are active players in the tomato powder space, including Kagome Co. Ltd, Diana Foods Inc, COFCO Tunhe Tomato Co. Ltd., Gansu Dunhuang Seed Xiyu Tomato Products Co. Ltd., Cham Foods, Aa(rkay Food Products Ltd., Saipro, China Kunyu Industrial Co. Ltd, Drytech, Harmony House Foods, Agusa, Conesa Group, Maduras Herbals, Philominas Food Products, Jay Bharat Spices Pvt. Ltd., Garlico Industries Limited, Farmvilla Food Industries Private Limited, Holy Natural, Grupo Empresarial Agraz S.L., Sahjanand Foods and Agro Tech, and Agraz.
A significant recent development was in March 2022 when Israel-based Din Marketing & Roasting Ltd. acquired Cham Food Ltd. for $10.9 million. This acquisition helped Din Marketing broaden its product portfolio and strengthen its processing capabilities in fresh agricultural products, particularly tomato powder.
View the full tomato powder market report:
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Emerging Trends Influencing the Tomato Powder Market
Manufacturers in the tomato powder segment are increasingly focusing on creating specialty products to differentiate themselves. One prominent example is the development of gluten-free tomato powder, which caters to consumers with gluten intolerance or celiac disease by ensuring contamination-free production processes.
For instance, in August 2022, Mooney Farms, a US-based food producer, introduced a new Sun Dried Tomato Tuscan Rub made with authentic sun-dried tomatoes. This product, part of the Bella Sun Luci range, enhances the taste of vegetables, chicken, fish, and other dishes with its unique blend of spices combined with crushed sun-dried tomato powder.
Comprehensive Segmentation Covered in the Tomato Powder Industry
The tomato powder market is categorized based on several factors:
1) Process Types: Hot Break and Cold Break
2) Product Category: Organic and Conventional
3) Application Areas: Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Infant Nutrition, Sweet and Savory Snacks, Curries, Gravies and Soups, and Other Applications
Further sub-divisions include:
- Hot Break Processing, which encompasses High Temperature Short Time (HTST) Processing, Steam Blanching with Immediate Hot Break, and Hot Break with Concentration and Drying
- Cold Break Processing, which involves Low Temperature Processing, Cold Break with Enzyme Treatment, and Cold Break with Mild Heat Treatment
This detailed segmentation reflects the wide range of processing methods and diverse applications that tomato powder serves in the food industry.
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