PUBLISHER: The Business Research Company | PRODUCT CODE: 1588773
PUBLISHER: The Business Research Company | PRODUCT CODE: 1588773
Tomato powder is created from dehydrated tomatoes that are finely ground. It preserves the fresh tomato's flavor, color, and nutrients and serves as a versatile ingredient in soups, sauces, seasonings, beverages, and other food products to boost taste and nutritional content. Its long shelf life and convenience make it a favorite in both industrial food production and home kitchens.
Tomato powder can be made using hot break or cold break methods. Hot-break tomato powder involves heating tomatoes to high temperatures briefly, which breaks down the cellular structure and releases pectin and other solids. Tomato powder is available in organic and conventional varieties and is used in a wide range of products, including bakery items, confectionery, dairy and frozen desserts, beverages, infant foods, snacks, curries, gravies, and soups.
The tomato powder market research report is one of a series of new reports from The Business Research Company that provides tomato powder market statistics, including tomato powder industry global market size, regional shares, competitors with a tomato powder market share, detailed tomato powder market segments, market trends and opportunities, and any further data you may need to thrive in the tomato powder industry. This tomato powder 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 powder market size has grown steadily in recent years. It will grow from $1.66 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth during the historical period can be attributed to factors such as the convenience and long shelf life of tomato powder, its cost-effective nature compared to fresh tomatoes, the expansion of the food industry, its versatility in cooking, and rising disposable incomes.
The tomato powder market size is expected to see strong growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth during the forecast period can be attributed to a higher demand in food processing, a growing preference for natural ingredients, an increase in demand for organic products, the globalization of food supply chains, and heightened health awareness among consumers. Key trends expected in this period include advancements in food processing technology, continuous innovation in food processing techniques, ongoing research and development, customized and tailored solutions, and initiatives aimed at reducing food waste.
The tomato powder market is expected to grow significantly due to the rising demand for ready-to-eat and convenience foods. These foods are fully prepared or require minimal preparation, catering to consumers with busy lifestyles who seek quick and easy meal solutions. Factors contributing to this demand include busy schedules, an increase in single-person households, and a preference for meals that need little to no cooking or assembly. Tomato powder, valued for its ability to enhance flavor, color, and nutritional content, is widely used in soups, sauces, and snacks. Its versatility and extended shelf life make it a favored ingredient. For example, the Bank of Ayudhya Public Company Limited in Thailand forecasted a 3.0-4.0% annual growth in the domestic market for Thai-made ready-to-eat food from 2024 to 2026. In 2022, the ready-to-eat food sector had domestic and export sales totaling 482.4 thousand tons, valued at USD 2.0 billion. This increasing demand is driving the growth of the tomato powder market.
Key players in the tomato powder industry are investing in advanced product development, such as gluten-free options, to stay competitive. Gluten-free tomato powder is produced from dehydrated tomatoes processed to avoid gluten contamination, making it suitable for individuals with gluten intolerance or celiac disease. For instance, in August 2022, Mooney Farms, a US-based food manufacturer, introduced a new Sun Dried Tomato Tuscan Rub, featuring real sun-dried tomatoes from its Bella Sun Luci line. This rub, which enhances a variety of dishes, combines spices and flavors with sun-dried tomatoes ground into a fine powder.
In March 2022, Din Marketing & Roasting Ltd., an Israeli farm product provider, acquired Cham Food Ltd. for $10.9 million. This acquisition aimed to expand Din Marketing's capabilities and product offerings in fresh agricultural product processing. Cham Food Ltd., based in Israel, specializes in tomato powder.
Major companies operating in the tomato powder market are Kagome Co. Ltd, Diana Foods Inc, COFCO Tunhe Tomato Co. Ltd., Gansu Dunhuang Seed Xiyu Tomato Products Co. Ltd., Cham Foods, Aarkay Food Products Ltd., Saipro, China Kunyu Industrial Co.Ltd, Drytech, Harmony House Foods, Agusa, Conesa Group, Maduras Herbals, Philominas Food Products, Jay Bharat Spices Pvt. Ltd., Garlico Industries Limited, Farmvilla Food Industries Private Limited, Holy Natural, GrupoEmpresarialAgraz S.L., Sahjanand Foods And Agro Tech, Agraz
North America was the largest region in the tomato powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tomato powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the tomato powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The tomato powder market consists of sales of tomato-based beverage mixes, tomato seasoning blends, and ready-to-eat meal powders. 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 Powder 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 powder 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 powder ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tomato powder 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.