Tomato Concentrate Market

Tomato Concentrate Market Size, Growth (2023-2028)

The Global Tomato Concentrate Market size was worth USD xx million in 2022, and it is estimated to reach USD xx million with an annual progression rate (CAGR) of xx% between 2023 and 2028.

Market Overview:

Tomato is one of the vegetable crops grown in large quantities throughout the world. Tomato concentrate is a thick paste that is obtained by peeling the tomato skin and evaporating the tomato pulp until a thick paste is obtained. This paste is mainly used to make ketchup, cook soups or sauces, and many other dishes. This nutrient-rich tomato concentrate is rich in potassium, lycopene, vitamins, magnesium, and important antioxidants. Tomato concentrate has a thick consistency and is suitable for sauces, soups, stews, gravies, pasta, and many other dishes. Tomato concentrate is considered an important food ingredient due to its long shelf life. It is used not only for flavor, but also for its nutritional value. Tomatoes are considered a rich source of lycopene that helps reduce free radicals. It is rich in vitamin C, known for its immune properties. These health benefits have been touted by marketers who often use Tomato Concentrate in their finished products.

Tomato Concentrate Market Growth:

The many health benefits and ease of use of concentrated tomatoes are likely to have a positive impact on the global Tomato Concentrate market during the outlook period.

REPORT COVERAGE:

Drivers:

Increasing demand for clean eco-labeled foods and high consumer demand are the main drivers of the global Tomato Concentrate market. Also, people are health conscious and tomatoes have proven to be healthy natural ingredients. This factor further promotes the growth of the Tomato Concentrate business. Also, given that the rapid pace of expansion of the food industry and the growing demand for Tomato Concentrate across the industry will provide favorable opportunities for the future market. Increasing demand for convenience foods, the transition to organic and clean label products, and increased consumption of Tomato Concentrate are foreseen to drive revenue growth during the conjecture period. Besides, the growing demand for fresh tomatoes is increasing production worldwide. National tomato growers have recognized limited market opportunities in the global Tomato Concentrate business. Therefore, in recent years, numerous new greenhouse / hydroponic growing companies have been launched in various states, further accelerating the growth of the Tomato Concentrate market in terms of value. Tomatoes are used to combat various skin problems due to their natural antioxidant properties. Tomato Concentrate are especially used to treat prostate cancer, which has significantly increased the adoption of concentrated tomatoes. The demand is expected to increase significantly in the coming years due to the unique anti-cancer properties of Tomato Concentrate. It contains phytochemicals, essential compounds that help reduce the chance that prostate cancer will grow and kill cancer cells. Processing increases the nutritional value of tomatoes and increases the lycopene content so that they can be easily absorbed by the human body. This triggers antioxidant activity, reducing the risk of cancer. The market is growing with the increasing use of Tomato Concentrate as an effective treatment option for prostate cancer.

Lycopene is one of the key ingredients present in concentrated tomatoes that can help prevent the development of certain types of cancer due to its rich antioxidant properties. Ingestion of lycopene through concentrated tomatoes has been shown to increase the skin's resistance to a variety of diseases. Lycopene is also effective in protecting the skin from harmful sun rays. As the benefits of concentrated tomatoes for skin health increase, the demand of the world population is skyrocketing. The upward trend in ready-to-eat foods such as soups and smoothies is driving demand for concentrated tomatoes that are used to enhance the flavor of prepared foods. Organic concentrated tomatoes are processed without chemicals and are likely to become widespread as they are natural and safe food ingredients. The application of concentrated tomatoes to food and beverages has exploded in recent years. The concentrated tomatoes can be mixed with juices and soups, and they can also be mixed into a morning smoothie. This trend is being driven fast by people. Increasing diseases and various health problems caused by stress, pollution, poor lifestyles and other factors are pushing people to switch from daily consumption to healthier food ingredients. This shift towards health awareness favors the concentrated tomato market, stimulating consumption and sales in global Tomato Concentrate markets.

Tomatoes have great taste and flavor, and the use of tomato-based ingredients, such as concentrated tomatoes, has gained tremendous traction in the prepared food industry. As the number of workers living fast-paced lives increases, the demand for convenience and ready-to-eat foods and beverages has increased. This has driven demand for concentrated tomatoes used as a key ingredient in ready-to-eat foods. The increasing emphasis on health and the growing awareness of the adverse effects of chemically processed food ingredients is foreseen to lead to a massive consumption of organic concentrated tomatoes in the coming years, leading to an increase in market revenue. This will create profitable growth opportunities for Tomato Concentrate manufacturers in the future.

Restraints:

Rising import costs may raise questions about Tomato Concentrate production among manufacturers. Apart from the high demand and popularity, cost issues can limit the trade and growth in this market. Domestic tomato sellers are known throughout the world for limiting the growth of the global Tomato Concentrate market.

Tomato Concentrate Market Segmentation Analysis:

On the basis of product type, the global Tomato Concentrate market is segmented as single concentrate, double concentrate, and triple concentrate. Double concentrate segment finds the highest demand in the market today.

By type of packaging, the world market for Tomato Concentrate is segmented into cartons, bottles, cans and bags. Cans are the preferred packaging method for Tomato Concentrate due to their convenient packaging and the increased shelf life.

Based on the application, the global Tomato Concentrate market is separated as domestic, industrial and commercial applications. For industrial use, Tomato Concentrate is widely used to make sauces and is used in finished products such as soup and pizza jams.

By sales channel, the global Tomato Concentrate market is segmented into convenience stores, e-commerce, hypermarkets/supermarkets, and other retail formats.

Depending on the source, the Tomato Concentrate is classified as conventional and organic. Organic tomato puree has received considerable attention from health-conscious consumers, and manufacturers have also included organic tomato puree in their final products, which has since become a driving force for the growth of the market.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America and Europe are expected to generate satisfactory stocks during the forecast period. On the global scene, key factors are at play to increase market demand for Tomato Concentrate. In particular, the European region is considered one of the main destinations for the consumption of vegetables, accounting for about one fifth of the largest market share for fresh vegetable crops. European climatic conditions are not favorable for growing tomatoes. Although Spain's climate is not ideal for growing tomatoes, Spain probably has the largest tomato plantations in Europe. However, Europe relies mainly on tomatoes imported from Asian countries such as India and China, and from Middle Eastern countries such as Turkey. The import rate is higher compared to the European export rate for tomatoes and various types of products. China enjoys great popularity domestically in terms of quality. Given these factors, manufacturers are focusing on the Tomato Concentrate process and production in the context of growth and success during the forecast period. Countries in the southeastern region such as Myanmar, Maldives, Bangladesh, Cambodia, and the Philippines have seen significant growth in the food manufacturing industry, creating huge demand for raw materials and supply-driven demand for finished goods. Tropical fruit purees are packaged under a private label and sold at competitive prices.

Key Players in the Market:

Major Key Players in the Global Tomato Concentrate Market are

• Cento Fine Foods
• Bionaturae LLC
• Del Monte Foods Inc
• Doehler Gmbh
• Galla Foods
• Exotic Fruits Pvt. Ltd
• Kiril Mischeff Group
• Aditi Foods Pvt. Ltd
• China Kunyu Industrial Co., Ltd
• Riviana Foods Inc
• Capricorn Food Products India Ltd.
• Conagra Brands
• Muir Glen Organic
• Los Gatos Tomatoes
• PANOS brand
• Olam Spices & Vegetables Inc
• Vigo Importing Co