Market Overview
To avoid various ailments, sometimes physicians advise people prone to them to include tomato in their diet. For such purposes, sometimes tomato-based products like tomato paste or tomato powder. In terms of longevity, tomato powder has a longer shelf life than tomato paste. It offers health benefits like reduced risk of heart diseases and cancer, improved eyesight, reduced blood pressure, and many more. These benefits have contributed to the growth of the tomato powder market. Increasing consumption of processed food is also an important factor that is contributing to the growing demand and market for tomato powder. Tomato powder is useful for various product lines such as baby foods, curries and gravies, seasonings and savories, snack foods, soup mixes and many more. Tomato has many anti-oxidants that prevent the aging of skin cells. Tomato powder is also used in the cosmetic industry for its anti-oxidant properties and high nutrient. Regarding storage, tomatoes require a lot of space whereas tomato powder is compact. And due to a longer shelf life than fresh tomatoes, tomato powder is a product that is in huge demand across the food industry.
Market Research Future (MRFR) has published a research report about the global tomato powder market size estimates 3.6% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.
Key Players
The key players in global tomato powder market are Aarkay Food Products Ltd. (India), BATA FOOD (Turkey), CMEC Xinjiang Foodstuff Co. Ltd. (China), Garlico Industries Ltd. (India), Grupo Empresarial Agraz, S.L. (Spain), Hangzhou Qincheng Trade Co. Ltd (China) and Lycored (UK).
Regional Sementation
The global tomato powder market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific market is the biggest market for tomato powder, followed by North America. In Asia Pacific region, China is the biggest producer and consumer of tomato powder followed by India. In China, tomato powder is used as a default ingredient for adding tomato flavor in various fast food dishes. The biggest importer of tomato powder in the Asia Pacific is Japan. Tomato is also integral to various Indian curries too. Europe is experiencing moderate growth in the tomato powder market due to the changing consumption pattern and changing lifestyle to a more health-conscious one among the consumers. According to the findings of this report, tomato powder market in Europe is expected witness growth of tomato production in Italy, Spain, and the Netherlands. Some key players of tomato market also have their base and production-related operations in the United Kingdom (UK). During the forecast period, China, Germany, Netherlands, Turkey and the United States of America (USA) are expected to emerge as the major exporters of tomato powder.
Segmentation
Global tomato powder market has been segmented on the basis of product process, application, and region.
Product process-based segmentation includes hot break, cold break, and warm break. In the market, currently, hot break is being estimated to earn maximum tomato powder market revenue because it produces a denser and more viscous product when reconstituted. It can be used in functional foods and nutrition applications.
Based on application, tomato powder is segmented into curries and gravies, seasoning and savories, snack foods, soup mixes, and others. During the forecast period, Seasoning and savories segment of the global tomato powder market.
Latest Industry News
Agrofusion is planning to invest in the tomato powder market. A tomato powder plant will be inaugurated later this year in Snigirevka of Nikolaev region, Interfax-Ukraine.
Ukrainian canned tomato and tomato paste producer Agrofusion has been cleared for exporting organic produce to Japan, the world's fourth-largest importer in 2017.
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