Market Overview:
Tomatoes are nightshade vegetables rich in vitamins C and K, lycopene, folate, potassium, and antioxidant. They offer a number of health advantages, such as promoting healthy digestion, preventing cancer, lessening sunburns, and maintaining diabetics' blood glucose levels, blood pressure, and heart health. The other 20% of tomatoes produced globally are utilized in the tomato processing sector to create purees, soups, tomato ketchup, pickles, juices, and sauces. Around 80% of tomatoes produced worldwide are consumed fresh.
Top Key Players for Tomato Processing Market:
The Morning Star Company (U.S.), Ingomar Packing Co (U.S.), Campbell Soup Company (U.S.), Sugal Group (India), Pacific Coast Producers (U.S.), Del Monte Foods, Inc (U.S.), CONESA Group (Spain), ConAgra Brands, Inc (U.S.), Olam International (Singapore)m Chumak Company (Ukraine), China Haohan Group Limited (China), Kagome Co., Ltd. (Japan) and Other Major Players
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Tomato Processing Market:
Drivers:
Increase Demand for Processed Tomato Products Such as Ketchup and Sauces
The Demand for processed food has increased especially among the young generation. Processed food like pizza, pasta, French fries, and other potato dishes, hamburgers, hot dogs, meat pies, chicken tenders, cooked eggs, hot sandwiches, and grilled or fried meat. Tomato ketchup is often used as a condiment to dishes. Tomato ketchup is the easiest way to add depth of flavor to different dishes of different regions in a few seconds. Despite not being an Indian condiment, it pairs perfectly with all manner of snacks. There is a valid reason for its global popularity.
Opportunities:
Rapid Urbanization and Disposable Income Drive Market Growth in the Future
The rapid Urbanization and rise in population will further drive the growth of the Processed tomato market. Processed tomato is highly delicious, as the demand for fast food is increasing and moreover among the young generation will further accelerate the market growth. The high disposable income will allow people to spend more money on fast food items. In this busy schedule, people mostly prefer items that are easily available. It has a sweet but sharp taste. Due to its taste, it is eaten with the variety of dishes from different countries and regions. As Tomatoes are Readily Available, Tomato Puree and their Combination with other Soups have become Popular
Segmentation Analysis of the Tomato Processing Market:
By Product Type
- Sauces
- Pasta
- Canned Tomatoes
- Ketchup
- Juice
- Others
By End User
- Home User
- Food Market
By Distribution Channel
- Hypermarkets Supermarkets
- Food Specialty Stores
- Convenience Stores
- Others
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Regional Analysis of the Tomato Processing Market:
By region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In November 2021, Heinz launches Tomato Ketchup made of tomatoes grown in Mars-like conditions with Aldrin Space Institute. Heinz Tomato Ketchup Marz Edition was created by growing tomatoes using the same soil, temperature, and water conditions that exist on the Red Planet. Kraft Heinz collaborated with a 14-person astrobiology team from the Aldrin Space Institute at Florida Tech.
In February 2020, Kagome Foods India (KFI) launched its product portfolio at the India Food Forum. The annual India Food Forum event offered KFI a platform for knowledge sharing through insightful and detailed conferences and masterclasses on the food landscape in India.
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