Tomatoes Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

The Tomatoes by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Tomatoes, The tomatoes market size has grown strongly in recent years. It will grow from $174.7 billion in 2023 to $186.46 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%.  The  growth in the historic period can be attributed to consumer demand and dietary trends, supply chain dynamics, government policies and regulations, climate and environmental factors, research and development..

The tomatoes market size is expected to see strong growth in the next few years. It will grow to $233.13 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.  The growth in the forecast period can be attributed to growing health and wellness trends, sustainable agriculture practices, trade and globalization, climate change adaptation, changing consumer preferences.. Major trends in the forecast period include globalization of tomato supply chains, technological integration in supply chain management, growing importance of food safety standards, expansion of tomato-based product offerings, climate change resilience..

Growing tomato production is expected to propel the growth of the tomatoes market going forward. Tomatoes refer to a large, round, edible, pulpy vegetable that is either eaten raw and uncooked or cooked as a vegetable and has a red or yellowish skin with a juicy pulp. They are used to provide antioxidant protection against cancer. The increasing production of tomatoes increases the demand for tomatoes in various foods, so increasing tomato production will propel the market growth. For instance, in January 2022, according to the Food and Agriculture Organization, a Canada-based international organization, the global production of tomatoes increased by 1.08% from 184.786 million metric tons in 2020 to 186.821 million metric tons in 5,051,983 hectares in 2021. Therefore, the growing tomato production is driving the growth of the tomatoes market.

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The tomatoes market covered in this report 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

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 report table of contents includes:

1. Executive Summary
2. Tomatoes Market Characteristics
3. Tomatoes Market Trends And Strategies
4. Tomatoes Market – Macro Economic Scenario
5. Global Tomatoes Market Size and Growth

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31. Global Tomatoes Market Competitive Benchmarking
32. Global Tomatoes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Tomatoes Market
34. Tomatoes Market Future Outlook and Potential Analysis
35. Appendix

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