PUBLISHER: KBV Research | PRODUCT CODE: 1580721
PUBLISHER: KBV Research | PRODUCT CODE: 1580721
The Asia Pacific Tomato Powder Market would witness market growth of 12.2% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 16,800.1 tonnes, showcasing a growth of 6.4% (2020-2023).
Conventional tomato powder is made from non-organic tomatoes grown using traditional farming methods, which typically involve the use of fertilizers and pesticides. It is more widely available and affordable compared to organic varieties. Conventional tomato powder is a versatile ingredient found in numerous food products, including ready-to-eat meals, snacks, and condiments. Thus, the Chian market is expected to utilize 7,870.07 tonnes of conventional tomato powder by 2031.
The China market dominated the Asia Pacific Tomato Powder Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $279.2 million by 2031. The Japan market is registering a CAGR of 11.5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 13.1% during (2024 - 2031).
Tomato powder is a fine, dehydrated form of fresh tomatoes, produced by removing the moisture content from ripe tomatoes and grinding them into a powder. It is a concentrated product that retains fresh tomatoes' flavor, color, and nutritional value, making it a versatile and convenient ingredient for various culinary applications.
Additionally, tomato powder provides tomatoes with a rich, tangy flavor without the requirement for refrigeration or extensive preparation. It can be used in sauces, soups, seasonings, snacking, marinades, and even as a natural food colorant. The tomato powder market has emerged as a rapidly expanding sector within the food and beverage industry.
China's demand for tomato powder is driven by its increasing use in instant soup bases, gravies, and ready-to-eat meals that align with the fast-paced urban lifestyle. Additionally, as consumers become more health-conscious, tomato-based beverages and functional drinks rich in antioxidants are gaining popularity. Tomato powder is a key ingredient in these products, providing nutritional benefits and convenience. The rising trend toward functional foods and drinks, coupled with the expanding food service industry in major cities like Beijing and Shanghai, has created a favorable environment for the growing demand for tomato powder.
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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific 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)