PUBLISHER: The Business Research Company | PRODUCT CODE: 1532094
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532094
Tomato pastes and purees are concentrated tomato products processed and preserved for culinary purposes. Tomato paste is created by simmering tomatoes for an extended period to reduce water content, resulting in a thick, concentrated paste. Tomato puree, on the other hand, involves briefly cooking and blending tomatoes to produce a smooth liquid with a consistency thicker than tomato juice but thinner than paste. Both products serve as convenient ingredients that impart the essence of tomatoes to dishes, offering concentrated flavor and color that enhance the taste and appearance of various recipes.
The main types of tomato pastes and purees include tomato paste and tomato puree. Tomato paste is a thick, concentrated liquid derived from tomatoes cooked for several hours to reduce water content. These products are available in various packaging formats such as bottles, cans, pouches, jars, and tubes. They are distributed through direct and indirect sales channels and find application in both residential and commercial culinary uses.
The tomato pastes and purees market research report is one of a series of new reports from The Business Research Company that provides tomato pastes and purees market statistics, including tomato pastes and purees industry global market size, regional shares, competitors with a tomato pastes purees market share, detailed tomato pastes and purees market segments, market trends and opportunities, and any further data you may need to thrive in the tomato pastes and purees industry. This tomato pastes and purees market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The tomato pastes and purees market size has grown strongly in recent years. It will grow from $12.01 billion in 2023 to $12.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth observed in the historic period can be attributed to several factors, increasing urbanization and busier lifestyles leading to greater demand for convenient food options, the rising popularity of international cuisines, growth in the processed food industry, expansion of e-commerce facilitating wider distribution channels, and advancements in canning techniques enhancing food preservation and accessibility.
The tomato pastes and purees market size is expected to see strong growth in the next few years. It will grow to $15.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. In the forecast period, growth can be attributed to several factors, increasing awareness of health benefits associated with food choices, a growing interest in international cuisines, rising consumer demand for convenience foods, expansion in the fast food and restaurant industry, and the growth of international trade. Major trends expected during this period include the rising demand for organic and non-GMO products, ongoing product innovations, advancements in packaging solutions, the expanding popularity of international cuisines, and a strong emphasis on health and wellness trends.
The tomato pastes and purees market is poised for growth, driven by the increasing popularity of convenience foods. Convenience foods are pre-prepared meals designed for easy consumption, appealing to consumers seeking quick and hassle-free meal solutions. This trend is fueled by rising health consciousness, higher disposable incomes, and a growing preference for ready-to-eat options. Tomato pastes and purees play a crucial role in this landscape, offering a convenient way to enhance dishes with robust tomato flavors, meeting the demand for effortless cooking solutions. For example, in 2023, the United States Department of Agriculture reported a 1.7% increase in the total value of processed food products exported from the US, reaching $36.59 billion. This underscores the growing global appetite for convenience foods, driving the demand for tomato pastes and purees.
Leading companies in the tomato pastes and purees market are focusing on innovation, particularly in sustainable practices to minimize environmental impact and enhance resource efficiency. Sustainable tomato pulp, produced through environmentally friendly methods that conserve natural resources and promote social equity, is gaining traction among consumers seeking eco-friendly products. An illustration of this commitment is Cirio S.p.A., an Italy-based food company, which launched the UK's first climate-neutral tomato pulp in April 2022. This achievement was realized through rigorous environmental sustainability measures, including precision farming, renewable energy use, and reducing plastic packaging.
In January 2024, Kagome Co. Ltd, a prominent Japanese manufacturer of tomato-based foods, acquired Ingomar Packing Company, a US-based leader in premium tomato paste production. This strategic move aims to bolster Kagome's presence in the tomato processing sector and explore new avenues for sustainable growth, reflecting the industry's commitment to meeting evolving consumer preferences and environmental standards.
Major companies operating in the tomato pastes and purees market are Kagome Co. Ltd., Nestle S.A., The Kraft Heinz Company, H. J. Heinz Company, General Mills Inc., Conagra Brands Inc., Olam Group, Conagra Brands Inc., General Mills Inc., Del Monte Foods, Inc., The Morning Star Company, Galla Foods, Dabur Ltd., Red Gold Inc., Riviana Foods Pty Ltd., Neil Jones Food Company, Pacific Coast Producers, Ariza b.v., Chalkis Health Industry, Kissan, Mutti S.p.A., Chitale Agro Industries Private Limited, Organicville Private Limited, Red Duck Foods Inc.
North America was the largest region in the tomato pastes and purees market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tomato pastes and purees market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the tomato pastes and purees market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The tomato pastes and purees market consists of sales of regular tomato paste, double concentrated tomato paste, triple concentrated tomato paste, plain tomato puree, strained tomato puree, and flavored tomato puree. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Tomato Pastes And Purees Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on tomato pastes and purees market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for tomato pastes and purees ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tomato pastes and purees market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.