The Tomatoes Global Market Report 2023, provides comprehensive information on the tomatoes market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Tomatoes Global Market Report 2023, the market size is expected to grow from $165.72 billion in 2022 to $178.65 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global tomatoes market is expected to reach $239.28 billion in 2027 at a CAGR of 7.6%.
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Product innovation is a key trend gaining popularity in the tomatoes market. Major companies operating in the tomatoes market are focused on developing innovative products to strengthen their market position. For instance, in October 2022, Hm.Clause, Inc., a US-based sustainable agriculture firm specializing in the breeding, production, and sales of vegetable seeds, launched Tomato Brown Rugose Fruit Virus (ToBRFV) resistant tomato variety. It is uniquely made with high agronomical values and an effective IR (intermediate resistance) resistance that delivers value to growers. It provides with enhanced prophylactic measures that prevents contamination and detect the virus and control further spread.
The tomatoes market is segmented:
1) By Type: Cherry Tomatoes, Grape Tomatoes, Roma Tomatoes, Beefsteak Tomatoes, Heirloom Tomatoes, Tomatoes On The Vine, Green Tomatoes, Other Types
2) By Category: Conventional, Organic
3) By Distribution Channel: Direct, Indirect
4) By End User: Food Service Industry, Household Or Retail Industry
Asia-Pacific was the largest region in the tomatoes market in 2022.
The table of contents in TBRC’s tomatoes market report includes:
- Executive Summary
- Tomatoes Market Characteristics
- Tomatoes Market Trends And Strategies
- Tomatoes Market – Macro Economic Scenario
- Tomatoes Market Size And Growth
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- Africa Tomatoes Market
- Tomatoes Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Tomatoes Market
- Tomatoes Market Future Outlook and Potential Analysis
- Appendix
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