Tomato paste and puree are concentrated form of tomatoes that is widely used in the food processing industry for their flavor, color, and nutritional value. The use of tomato paste and puree in food processing industries has been growing steadily in recent years, as it offers several advantages over other forms of tomatoes which has positively impacted the market.
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Data Bridge Market Research analyzes that the Global Tomato Pastes and Purees Market is expected to grow at a CAGR of 4.2% in the forecast period of 2023 to 2030 and is expected to reach USD 23,727,515.38 thousand by 2030.
Key Findings of the Study
Increasing Demand for Tomato Paste and Puree in Horeca Industry
Tomato puree and paste are highly versatile and convenient ingredients that can be used in a wide range of dishes. The rising demand for the increasing food service industry, which includes restaurants and fast food chains is expected to drive the demand for ketchup, sauce, puree, juice, and other tomato-based goods.
In addition, due to the westernization of food consumption patterns, there has been a growth in the use of tomato processed goods in a variety of culinary applications, which is also impacting the market growth positively.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By Product (Tomato Pastes and Tomato Purees), Packaging Type (Bottles, Jars, Cans/Tins, Tubes, and Pouches/Sachets), Application (Household/Retail and Food Service Sector), Distribution Channel (Direct Selling and Retail)
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Countries Covered
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U.S., Canada, and Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Turkey, Switzerland, and rest of Europe, China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Philippines, New Zealand, Taiwan, Vietnam, and rest of Asia-Pacific, South Africa, Saudi Arabia, United Arab Emirates, Egypt, and rest of Middle East and Africa
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Market Players Covered
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Neil Jones Food Company (U.S.), General Mills Inc. (U.S.), Pacific Coast Producers (U.S.), Mutti S.p.A. (Italy), Galla Foods (India), Dabur (India), The Kraft Heinz Company (U.S.), Olam Group (Singapore), Del Monte Foods, Inc (U.S.), Ariza b.v. (Netherlands), Chitale Agro (India), Conagra Brands, Inc. (U.S.), Riviana Foods Pty Ltd. (Australia), The Morning Star Company (U.S.), and Lizaz Food Processing Industries (India) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The global tomato pastes and purees market is segmented into four notable segments based on product, packaging, application, and distribution channel.
- On the basis of product, the market is segmented into tomato pastes and tomato purees. In 2023, the tomato pastes segment is expected to dominate the market with a market share of 52.32% due to its concentrated flavor and various applications in food products.
- On the basis of packaging, the market is segmented into bottles, tins/cans, pouches/sachets, jars, and tubes. In 2023, the bottles segment is expected to dominate the market with a market share of 37.08% due to its concentrated flavor and various applications in food products.
In 2023, the bottles segment in the packaging segment is anticipated to dominate the global tomato pastes and purees market.
- On the basis of application, the market is segmented into household/retail and food service sector. In 2023, the household/retail segment is expected to dominate the market with a market share of 52.19% due to the rising use of tomato pastes and purees in the household sector.
- On the basis of distribution channel, the market is segmented into direct selling and retail. In 2023, the retail segment is expected to dominate the market with a market share of 59.28%.
In 2023, the retail segment in the distribution channel segment is anticipated to dominate the global tomato pastes and purees market due to the easy availability of tomato pastes and purees in offline and online stores.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players in the global tomato pastes and purees market that include Neil Jones Food Company (U.S.), General Mills Inc. (U.S.), Pacific Coast Producers (U.S.), Mutti S.p.A. (Italy), Galla Foods (India), Dabur (India), The Kraft Heinz Company (U.S.), Olam Group (Singapore), Del Monte Foods, Inc (U.S.), Ariza b.v. (Netherlands), Chitale Agro (India), Conagra Brands, Inc. (U.S.), Riviana Foods Pty Ltd. (Australia), The Morning Star Company (U.S.), and Lizaz Food Processing Industries (India) among others.
Market Development
- In October 2021, The Kraft Heinz Company announced that it has finalized the acquisition of Assan Foods from privately owned Turkish conglomerate Kibar Holding. The potential agreement was first revealed on June 11, 2021. Assan Foods manufacturers market a diverse range of products, including tomato paste, ketchup, mayonnaise, and pasta and meat sauces that appeal to many worldwide cuisines, allowing the company to diversify the products it offers.
- In June 2018, it was published in the news that Conagra Brands, Inc. will acquire Pinnacle Foods Inc. These two leading manufacturers of iconic brands will combine and grow their product portfolios. Pinnacle will add up to the shelf-stable, and frozen food and snacks categories of Conagra Brands, Inc. It is expected to drive market growth, as it will build new brands and better customer relations.
- In September 2020, Olam Group introduced Olam Markets, Ghana's first and only B2B mobile app in the food sector. The app had a positive impact on grocery distributors, leading Olam Group to plan its expansion into West Africa. The app was developed specifically for the distributors of various food businesses owned by Olam Ghana. It includes staple products such as royal aroma rice and first choice flour, and culinary and snack items such as tasty tom tomato mix and nutrisnax biscuits.
Regional Analysis
Geographically, the countries covered in the global tomato paste and purees market report are U.S., Canada, and Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Turkey, Switzerland, and rest of Europe, China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Philippines, New Zealand, Taiwan, Vietnam, and rest of Asia-Pacific, South Africa, Saudi Arabia, United Arab Emirates, Egypt, and rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global tomato pastes and purees market during the forecast period of 2023 - 2030
In 2023, Asia-Pacific dominated the global tomato pastes and purees market owing to the changing consumption patterns and a high proclivity to consume organic vegetables.
Asia-Pacific is estimated to be the fastest-growing region in the global tomato pastes and purees market in the forecast period of 2023 - 2030
China is expected to grow during the forecast period due to the presence of emerging economies in this region. In addition, the rising level of increasing per-capita income is expected to propel the market's growth rate in this region.
For more detailed information about the global tomato pastes and purees market report, click here – https://www.databridgemarketresearch.com/reports/global-tomato-pastes-and-pures-market
