Tomato Concentrate Market

Tomato Concentrate Market Outlook (2023 to 2033)

Global demand for tomato concentrate accounts for a market value of US$ 1.2 billion in 2023 and is predicted to reach US$ 2.07 billion by the end of 2033. The global tomato concentrate market is forecasted to exhibit expansion at a healthy 5.6% CAGR over the next ten years.

Tomato concentrate is prepared by extracting the liquid from ripe tomatoes and concentrating it by different methods. Tomato concentrate has a longer shelf-life as compared to raw and fresh tomatoes, which is a key factor that is anticipated to drive market development over the coming years.

Tomato concentrate is extensively used in cooking and food-related applications as it easily provides the flavour of tomatoes without the need to add a bunch of fresh tomatoes to acquire the same flavour. Increasing adoption of liquid diets and the growing popularity of stews, soups, and smoothies among health-conscious people are also slated to promote sales of tomato paste concentrate and tomato sauce concentrate going forward.

Globalization, growing popularity of different cuisines around the world, rising consumption of tomatoes, frequent launches of new tomato purees, and rapidly expanding food processing industry are factors anticipated to push tomato concentrate sales in the long run. However, the unappealing taste and appearance of tomato concentrate for some people and changing climatic conditions around the world could hinder market potential to a certain extent throughout the forecast period.

Changing economic conditions of different tomato-producing countries and volatility in trade conditions around the world are also expected to impede tomato concentrate sales over the next ten years.

• In September 2022, the Commerce Ministry of Turkey announced a restriction on the export of tomatoes from the country to maintain domestic prices and international demand outlook.

New tomato concentrate companies and start-ups can capitalize on the surging demand for organic tomato products and increasing use of tomato purees and pastes in personal care products to gain a prominent share in the global marketplace and compete with established tomato concentrate vendors going forward.

Report Attributes	Details
Market Size in 2023	US$ 1.2 Billion
Projected Market Value (2033F)	US$ 2.07 Billion
Global Market Growth Rate (2023 to 2033)	5.6% CAGR
Leading Segment (2023)	Conventional Tomato Concentrate
Key Companies Profiled	The Morning Star Co. Chalkis Health Industry Co. Ltd. PANOS Brand Doeller Gmbh Cento Fine Foods Del Monte Pacific Ltd. The Kraft Heinz Co. Conagra Brands Ingomar Packing Company Los Gatos Tomatoes

Which Trends are Setting the Backdrop for Tomato Concentrate Demand Growth?

“Rising Consumer Inclination towards Organic Food Products”

Rising focus on health and fitness around the world has resulted in increased popularity and consumption of organic food products, which is projected to favor organic tomato concentrate shipments in the future. Surging awareness regarding the ill effects associated with the use of pesticides, the adverse impact of conventional farming techniques on the environment, and rising awareness regarding the benefits of organic foods and beverages are also expected to favor the consumption of organic tomato concentrate products over the next ten years.

Changing consumer preferences and increasing willingness to spend on organic products are also projected to influentially augment tomato concentrate demand outlook across the forecast period.

“Surging Use of Tomatoes in Skincare Products”

Tomatoes have been very effective in skincare owing to their acne-fighting and skin-brightening characteristics, which are projected to boost their use in skincare products over the coming years. Increasing demand for natural skin care products and growing use of tomato concentrate in skincare product formulation are also projected to favor tomato concentrate shipments across the forecast period and beyond.

An exhaustive and detailed account of factors such as new developments, supply chain management, local supply, pricing trends, and safety regulations have been mentioned in this latest tomato concentrate market research analysis by the skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

Why Should Tomato Concentrate Suppliers Focus on Japan?

“Increasing Imports of Tomato Paste Concentrate”

Japan is known as one of the leading importers of tomato purees and tomato pastes in the Asian region, which is projected to create a highly bankable scenario for tomato concentrate distributors over the coming years. The majority of tomato products used in Japan are imported due to the limited domestic supply and production capabilities for tomatoes in the country.

• As per an article published on Tomato News, Japan ranks third on a global level for the import of pastes and fourth for the import of canned tomatoes.

Changing consumer preferences, the growing popularity of cuisines such as Indian, and Italian, surging consumption of fast food and processed foods, and globalization are key factors that are expected to augment shipments of tomato concentrate in the country through 2033.

What Makes Europe an Opportune Market for Tomato Concentrate Manufacturers?

“High Exports of Tomato Pastes and Sauces”

Tomatoes play a crucial role in most of the European cuisines that have been gaining noteworthy popularity across the world. The presence of a lucrative food processing industry and growing demand for fresh fruits and vegetables in European countries are also projected to favor market development in the future. Italy, Spain, Netherlands, and Poland are expected to be popular markets for tomato sauce and other tomato paste concentrate product exports over the coming years.

On the contrary, changing climatic conditions in Europe are expected to be a major challenge for tomato farmers as well as tomato concentrate producers going forward. The conflict between Russia and Ukraine started in 2022 is also a key factor that is influentially changing the sales growth of tomato concentrate in the European region.

What is Peaking the Interest of Tomato Concentrate Companies in the United States?

“Surging Popularity of Clean Label Food Products”

Increasing prevalence of obesity and other chronic diseases in the United States has led to an increased focus on health and fitness among the population, which has subsequently resulted in high demand for clean-label food products in the country. Organic tomato concentrate is projected to gain popularity in the country as the popularity of clean-label and organic food products increases through 2033.

Growing popularity of different cuisines and rising awareness regarding the health benefits associated with tomato consumption are anticipated to favor tomato concentrate consumption in the United States over the next ten years. Demand for tomato powder, tomato ketchup, and tomato sauces is predicted to be high in the country over the coming years.

Category-wise Insights

Tomato Concentrate from Which Source is Being Preferred?

“Organically Sourced Tomato Concentrate – Most Desired Among Consumers”

Based on source, the market for tomato concentrates is segmented into organic and conventional.

Organic food demand and consumption have witnessed a sharp spike in recent years on a global level and are projected to influentially shape tomato concentrate market development across the forecast period. Although conventional tomato concentrate accounts for a dominant share at present, this is expected to change by the end of the forecast period as awareness regarding the benefits of organic food consumption surges on a global scale.

Demand for organic tomato concentrate is projected to increase at a robust CAGR over the next ten years.

Where Will Tomato Concentrate Consumption Soar High?

“Commercial and Industrial Applications – Leading Global Demand Outlook”

Based on application, the market for tomato concentrates is segmented into household, industrial, and commercial.

Growing world population and changing consumer preferences have resulted in notable expansion of the food processing industry in recent years. Surging demand for processed and ready-to-eat food products is slated to uplift tomato concentrate shipments in industrial applications over the coming years.

A growing number of restaurants and dine-out establishments and the rising popularity of fast foods are expected to favor the consumption of tomato concentrate in commercial applications through 2033.

Competitive Landscape

Leading tomato concentrate manufacturers are focusing on launching new products and increasing business scope to compete with leading tomato concentrate companies.

• In January 2023, Michael Angelo’s, a leading food producer inspired by Italian culinary traditions, announced that it was launching a new pasta sauce in 4 varieties. The sauces were made from naturally sweetened tomatoes by simmering them to achieve the perfect texture as Italians prefer for their sauces.
• In November 2022, Erisco Foods Limited, a food product manufacturer and distributor based in Nigeria, announced the launch of ten new products in the Nigerian market. Ketchup, tomato puree, milk powder, and coffee mix are some of the products that were launched.

Key Segments of Tomato Concentrate Industry Research

• By Product Type :

  • Single Concentrate
  • Double Concentrate
  • Triple Concentrate

• By Source :

  • Organic
  • Conventional

• By Application :

  • Household
  • Industrial
  • Commercial

• By Packaging Type :

  • Bottles
  • Pouches
  • Cans
  • Cartons

• By Sales Channel :

  • Convenience Stores
  • e-Commerce
  • Hypermarkets/Supermarkets
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA