PUBLISHER: KBV Research | PRODUCT CODE: 1580720
PUBLISHER: KBV Research | PRODUCT CODE: 1580720
The Europe Tomato Powder Market would witness market growth of 11.4% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 8,211.6 tonnes, showcasing a growth of 4.0% (2020-2024).
Organic tomato powder is produced from tomatoes grown without synthetic chemicals, GMOs, or harmful pesticides, making it a clean-label and eco-friendly product. It appeals to consumers looking for healthier and more environmentally sustainable food options. Organic tomato powder is commonly used in premium and health-focused food products, such as organic snacks, soups, and sauces. Therefore, the Germany market is expected to utilize 725.08 tonnes of organic tomato powder by the year 2031.
The Germany market dominated the Europe Tomato Powder Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $259.4 million by 2031. The UK market is exhibiting a CAGR of 10.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 12.3% during (2024 - 2031).
One of the primary drivers behind the growing tomato powder market is the modern consumer's increasing preference for convenience foods. Tomato powder offers the concentrated taste of fresh tomatoes without the hassle of storage and preparation, making it ideal for soups, sauces, snacks, seasonings, and various instant food products.
In addition to its role in the convenience food industry, the processed food industry has also contributed to the growing demand for tomato powder. As consumers move away from traditional home-cooked meals and purchase processed and packaged foods, the need for high-quality ingredients like tomato powder that enhance flavor, texture, and appearance has become paramount.
The European Union (EU) boasts approximately 291,000 food and beverage (F&B) processing enterprises, underscoring the importance of this sector in the region. The F&B industry contributes 14.1% to the manufacturing landscape, stimulating economic growth and creating substantial demand for diverse ingredients, including tomato powder. The value added by the EU's F&B processing sector, amounting to €227 billion, reflects its economic significance, surpassing the €174 billion generated by the agriculture sector. Additionally, in Poland, the fifth-largest producer of bakery products in the EU, the bakery industry plays a pivotal role in the domestic food sector, accounting for nearly 5% of total food production in 2022. With one in five food companies engaged in bakery manufacturing, the sector's growth drives demand for key ingredients like tomato powder in various formulations.
Based on Product Type, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Soups, Sauces, & Gravies, Beverage, Sweet & Savory Snacks, Bakery & Confectionery, and Other Applications. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online, and Other Distribution Channels. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Tomato Powder Market Report Segmentation
By Product Type (Volume, Tonnes, USD Billion, 2020-2031)
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)