Tomato Powder Market Outlook of Top Companies, Regional Share, and Province Forecast 2032.
Tomato powder is
a powdered form of tomatoes. The product is made by turning fresh tomatoes into
a slurry and then spray drying the same to create a fine powder with uniform
level of consistency. It helps add tomato flavor to different types of dishes
and recipes. Tomato powder can be used as a direct substitute of tomato paste
and boasts a longer shelf life as compared to the former. The consumption of
tomato helps with numerous health benefits like improving eyesight, reduce the
risk of heart diseases and cancer, reduce blood pressure instances, and so on.
The vast array of health benefits of tomatoes helps contribute to the growth of
the market.
The global tomato
powder market insight is projected to grow at a CAGR of 3.77% during
the forecast period of 2023 to 2030. Due to its wide range of applications in
the F&B industry as a flavoring attribute, the demand for the market is
expected to grow in the coming years. Additionally, changing consumer lifestyle
coupled with the growing consumption of processed foods are also causing an upward
growth movement of the market. However, the presence of lycopene in tomatoes
causes allergies to various consumers, which can thereby hamper the growth of
the tomato powder market in the forthcoming years.
Market Segmentation
The global
tomato powder market segment is divided on the basis of process and
application.
By process, the
market includes cold break, hot break, and warm break. The hot break segment
dominates the market and is expected to grow the fastest among the other
segments. This is because it produces a denser and much more viscous product as
and when it is reconstituted and has its application in food and nutrition.
By application,
the market includes soup mixes, curries and gravies, seasoning and savories,
baby foods, snack foods, and others. The seasonings and savories segment is the
market dominator and is expected to hold on to its standings in the coming
forecast period as well. The growth of the segment can be attributed to the
rising consumption of seasonings and savories in the global market.
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Regional Analysis
The regional
analysis of the global tomato powder market covers the following regions: Asia
Pacific, Europe, North America, and the Rest of the World (RoW).
The tomato
powder market is dominated globally by the Asia Pacific region followed by
North America. In Asia Pacific, both India and China, the economic giants of
this region, are the major consumers of tomato powder. This is due to the
growing consideration and consumption of tomato as a major food ingredient in
various products. The North American region stands second in terms of the market
share of tomato powder. This is because of the ameliorating importance of
tomato as an integral diet component in Americas and is consistently used in
various recipes therein. It is also worth noting that the US accounts for the
largest market share holder of tomato powders in this region.
Europe is
reported to also experience somewhat growth in the tomato powder market due to
the changing consumer lifestyle and consumption patterns. Regions like
Netherlands and Spain contribute majorly to the region’s growth potential with
increasing production of tomatoes therein. Lastly, it is believed that
increasing focus on R&D activities can contribute to the market growth of
tomato powders in the Rest of the World region.
The tomato
powder market outlook is poised for significant growth in the coming
years. As consumer demand for convenient and versatile food products continues
to rise, tomato powder offers a concentrated and shelf-stable solution with a
wide range of applications. From enhancing the flavor profile of various dishes
to serving as a base for soups, sauces, and seasonings, its uses are diverse.
Additionally, the growing interest in natural food additives and colorants
further boosts the market's prospects. As the food industry emphasizes
sustainability and reduced food waste, tomato powder provides a sustainable
option by utilizing surplus or imperfect tomatoes. With these trends in mind,
the tomato powder market is likely to experience steady expansion, driven by
its convenience, versatility, and alignment with evolving consumer preferences.
Competitive Landscape
Some of the
major players in the global tomato powder market include companies like Garlico
Industries Ltd. (India), Lycored (U.K.), Grupo Empresarial Agraz, S.L. (Spain),
Hangzhou Qincheng Trade Co. Ltd (Beijing), Bata Food (Turkey), Aarkay Food
Products Ltd. (India), Cmec Xinjiang Foodstuff Co. Ltd. (China), and others.
Feb 28th,
2019, a study conducted by Xiang-Dong Wang in the Nutrition and Cancer Biology
Lab revealed that the high consumption of tomatoes can help reduce the risk of
liver cancers. The study stated that tomatoes are rich in antioxidants, which
can help reduce or prevent fatty liver diseases, inflammation, and liver
cancer.
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