Global Tomato Pastes And Purees Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

The tomato pastes and purees market consists of sales of regular tomato paste, double concentrated tomato paste, triple concentrated tomato paste, plain tomato puree, strained tomato puree, and flavored tomato puree. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sizing and Forecast

The tomato pastes and purees market size has grown strongly in recent years. It will grow from $12.01 billion in 2023 to $12.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increasing urbanization and busier lifestyles, growing popularity of international cuisines, growth in the processed food industry, expansion of e-commerce, and improved canning techniques.

The tomato pastes and purees market size is expected to see strong growth in the next few years. It will grow to $15.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to growing awareness of health benefits, growing interest in international cuisines, rising consumer demand for convenience foods, growth in fast food and restaurant industry, and growth of international trade. Major trends in the forecast period include increasing demand for organic and non-gmo products, product innovations, innovative packaging solutions, expansion of international cuisines, and health and wellness trends.

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Segmentation & Regional Insights

The tomato pastes and purees market covered in this report is segmented –

1) By Product: Tomato Pastes, Tomato Purees
2) By Packaging: Bottles, Tins And Cans, Pouches And Sachets, Jars, Tubes
3) By Distribution Channel: Direct Sales, Indirect Sales
4) By Application: Residential Application, Commercial Application

North America was the largest region in the tomato pastes and purees market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tomato pastes and purees market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rise in the popularity of convenience foods is expected to propel the growth of the tomato pastes and purees market going forward. Convenience foods are commercially prepared foods designed for easy consumption, often requiring minimal or no preparation. The increasing demand for convenience foods is due to increased interest in health, increased disposable incomes, and growing demand for ready-to-eat meals. Tomato pastes and purees are essential in quick and easy meal preparations, catering to consumers seeking convenient cooking solutions that provide a simple way to add robust tomato flavor to dishes to enhance flavor effortlessly. For instance, in 2023, according to the United States Department of Agriculture, a US-based federal agency, the total value of US processed food products exported from the country increased to $36.59 billion in 2023, an increase of 1.7% compared to 2021. Therefore, the rise in popularity of convenience foods drives the tomato pastes and purees market.

Key Industry Players

Major companies operating in the tomato pastes and purees market are Kagome Co. Ltd., Nestle S.A., The Kraft Heinz Company , H. J. Heinz Company, General Mills Inc. , Conagra Brands Inc., Olam Group, Conagra Brands Inc., General Mills Inc. , Del Monte Foods, Inc., The Morning Star Company, Galla Foods, Dabur Ltd., Red Gold Inc., Riviana Foods Pty Ltd., Neil Jones Food Company , Pacific Coast Producers, Ariza b.v. , Chalkis Health Industry, Kissan, Mutti S.p.A., Chitale Agro Industries Private Limited, Organicville Private Limited, Red Duck Foods Inc.

The tomato pastes and purees market report table of contents includes:

1. Executive Summary
2. Tomato Pastes And Purees Market Characteristics
3. Tomato Pastes And Purees Market Trends And Strategies
4. Tomato Pastes And Purees Market – Macro Economic Scenario
5. Global Tomato Pastes And Purees Market Size and Growth
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32. Global Tomato Pastes And Purees Market Competitive Benchmarking
33. Global Tomato Pastes And Purees Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Tomato Pastes And Purees Market
35. Tomato Pastes And Purees Market Future Outlook and Potential Analysis
36. Appendix