Tomato Processing Plant Project Report 2020

17/dic/2020 10:23:07 IMARC Group Contatta l'autore

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The global tomato processing market has experienced a healthy growth over the past several years. This can be accredited to the changing lifestyle and increasing spending power of the consumers coupled with the innovative product packaging.

Tomatoes are rich source of potassium, minerals, vitamin A, vitamin C and fibers owing to which they are considered as a vital food crop. The majority of tomatoes are freshly consumed while the leftover is used by the tomato processing industry. Tomatoes are extensively used in households, fast food joints, hotels, restaurants and food processing industries to prepare purees, soups, ketchups, pickles, juices, sauces, etc. A new research report by IMARC Group, the global tomato processing market reached a volume of around 42 Million Tons in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years.  

Global Tomato Processing Market Drivers / Constraints:
    • The growing preference for fast food, especially by the young generation, has resulted in the increasing demand for processed tomato products such as ketchup and sauces. This is further expected to spur the growth of the tomato processing market across the globe.
    • The unique packaging techniques offered by the manufacturers have resulted in safe distribution and a longer shelf-life of tomato-based products. This has positively influenced the growth of global tomato processing market.
    • Some of the other factors contributing to the growth of global tomato processing market are changing dietary habits, rapid urbanization, population growth, rising disposable income and the accelerated demand from the emerging market.
    • However, tomato contains lycopene compounds which can also aggravate the symptoms of stomach ulcers and other health issues if consumed in high amounts. This is anticipated to hamper the growth of the tomato processing industry.

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Tomato Processing Market Segmentation:

Market Breakup by Distribution Channel

1. Supermarkets / Hypermarkets
2. Specialty Stores
3. Convenience Stores
4. Online Stores
5. Others

Market Breakup by End-Use

1. Sauces
2. Paste
3. Canned Tomatoes
4. Ketchup
5. Juice
6. Others

Also read: Tofu Market Booming Worldwide with leading Players Amy's Kitchen, Eden Foods Inc., Hain Celestial (NASDAQ: HAIN), House Foods Group (2810: Tokyo), Kikkoman (TYO: 2801), Morinaga & Company (OTCMKTS: MGAAF) , Pulmuone (KRX: 017810), Tofurky, Vitasoy, etc.  

Market Breakup by Region

1. United States
2. Italy
3. China
4. Turkey
5. Iran
6. Others

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

View Report TOC, Figures and Tables:

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