Tomatoes found their origin in South America but were first domesticated by Mexicans. Although the consumption of tomatoes spread throughout the world gradually, today they are grown in more than 150 countries. Tomatoes are considered as an essential food and are primarily consumed as culinary vegetables across the world as they contain good amount of vitamins, minerals, antioxidants and dietary fibre. They also help in aiding a number of health problems such as diabetes, constipation, cancer, cardio-vascular diseases, depression, etc. As tomatoes are rich in vitamin C, they also help to maintain healthy eyes and skin.
Currently, the majority of the tomatoes produced worldwide are consumed fresh while the rest are utilised in the tomato processing industry. Processed tomatoes find key applications in the food processing industry, fast food joints, restaurants, hotels and households where they are extensively used as a flavouring agent; in preparing sauces, purees, ketchups, soups, juices, pickles, etc.
According to research analysts at IMARC Group, the global tomato processing market reached a volume of around 34 Million Tons in 2015 and is further expected to grow at a CAGR of around 3%, reaching a volume of nearly 40 Million Tons by 2021.
Growing fast food industry inducing the growth
A number of factors are currently driving the growth of the global tomato processing market. Adoption of western culture across the world has led to a rise in the global consumption of fast foods. As a result, there is a growing demand of processed tomatoes in the fast food industry. Some of the other factors that are also contributing towards the growth of this market include rising disposable incomes, urbanisation, changing eating habits, growing demand from emerging markets and longer shelf life of processed tomatoes along with their convenience of storage and use.
Sauces dominate the market
The global tomato processing market can be segmented on the basis of product type – Sauces, Paste, Canned tomatoes, Ketchup and Juice. Among all these, Sauces currently represent the biggest category for processed tomato products and account for the majority of the total processed tomato products consumption. Sauces are followed by Paste, Canned tomatoes, Ketchup and Juice.
On a geographical front, the market has a presence in many countries across the world. The United States currently represents the world’s biggest tomato processor and accounts for more than one-third of the total global tomatoes processed. The United States is followed by Italy, China, Turkey, Iran, Spain and Brazil.
The highly fragmented global tomato processing market features a number of small and big players operating in the market. Morning Star represents the world’s biggest tomato processor. Other major players include Tunhe, Chalkis, Ingomar Packing, JG Boswell, Conagra, Olam, Los Gatos, etc.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the tomato processing industry, which has enabled the clients to successfully setup and expand their businesses. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development
For more information on the tomato processing industry, please visit: http://www.imarcgroup.com/tomato-processing-plant