The International Market Analysis Research and Consulting Group Official Blog
Monday, 26 September 2016
Global Tomato Processing Market to Exceed 39 Million Tons by 2021 Mainly Driven By A Continuously Growing Fast Food Industry
Processed tomato products have a longer shelf life and are more convenient to use compared to fresh tomatoes. We expect the global tomato processing market to grow at a CAGR of 2.5% during 2016-2021 reaching a volume exceeding 39 Million Tons by 2021.
IMARC Group’s latest report titled, “Tomato Processing Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides an all-inclusive study of the global tomato processing market. Despite being berry-fruits, tomatoes are consumed all over the world as culinary vegetables. They are considered as a functional food as they are a rich source of numerous vitamins, minerals, antioxidants and dietary fibre. Tomatoes help in preventing and controlling a number of health conditions such as cancer, cardio-vascular diseases, diabetes, constipation, depression, etc. They are also beneficial in maintaining a healthy blood pressure as well as healthy eyes and skin.
Today, nearly 80% of the tomatoes produced worldwide are consumed fresh, and the rest are processed. Processed tomatoes can be stored for a long time and are widely used in making sauces, purées, ketchups, soups, juices, pickles, etc. Moreover, processed tomatoes are a better source of certain nutrients than fresh tomatoes since processing makes the synthesis of these nutrients by the body easier. According to the report, the global tomato processing market reached a volume of around 34 Million Tons in 2015. This market is being driven as a result of convenience of storage and use, changing food habits of consumers, emerging markets and a growing fast food industry. IMARC Group expects the consumption of tomatoes for processing to grow at a CAGR of 2.5% during 2016-2021 reaching more than 39 Million Tons by 2021.
The report segments the market on the basis of product type. Currently, sauces account for nearly a third of the total processed tomato consumption. Sauces are followed by pastes, canned tomatoes, ketchups and juices. The report has also segmented the market on the basis of key global regions. The United States currently represents the world’s biggest market for processed tomatoes accounting for more than a third of the total global production. The United States was followed by Italy, China, Turkey, Iran, Spain and Brazil. The report has also analysed the major players operating in the market. Some of these players include – Morning Star, Tunhe, Chalkis, Ingomar Packing and JG Boswell.
The report gives a detailed roadmap for starting a tomato processing plant. The study, done by one of the leading research and advisory firms, covers all the requirements of the global tomato processing market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the tomato processing market in any manner.