The new report by Expert Market Research titled, ‘North America Tomato Processing Market Report and Forecast 2022-2027’, gives an in-depth analysis of the North America tomato processing market, assessing the market based on its segments like product type, distribution channel and major countries. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
Historical Market Size (2020): 11,209 KMT
Forecast CAGR (2022-2027): 2.7%
Forecast Market Size (2026): 13,623 KMT
The extensive applications of processed tomatoes in industries such as home, food processing, and snacks are expected to drive market growth in the forecast period. The increasing awareness about the health benefits of consuming tomatoes has fueled market demand further. Tomato juice contains lycopene, which is helpful in reducing inflammation. It also decreases the risk of heart diseases, along with some cancers. Rising disposable incomes, increasing population, rising production as well as consumption of tomatoes is anticipated to boost the market growth for North American tomato processing industry as tomato puree is a crucial processed product, utilised in a wide range of value-added products, including tomato juice, ketchup, sauces, and multiple other products. The market is also expected to see and uptrend due to the expanding organized retail sector and the fast-food industry booming.
Industry Definition and Major Segments
Tomato processing refers to separation of the skins and seeds and conversion of tomatoes into various end-use products like tomato paste, sauce or juice. Concentrating and drying the tomatoes to fruit or powder are traditional tomato processing methods.
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On the basis of product type, the market is segmented into:
Sauces
Paste
Canned Tomatoes
Ketchup
Juice
Others
The market is divided into the following, based on distribution channel:
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others
On the basis of country, the market is divided into:
United States of America
Canada
Mexico
Market Trends
The continent's thriving food and beverage industry drives the tomato processing industry. The increase in popularity of multiple snacks that involve tomato sauces or ketchup to enhance the taste of food item is assisting the industry growth, particularly in the United States. Moreover, rising demand for tomato-based foods such as tomato juice, tomato beef stew, and others, as a consequence of enhanced awareness about the benefits of these products, such as their high vitamin B, C and potassium content, is anticipated to further drive the growth of the market.
The excellent yield of tomato crop yields in the United States and Canada is strengthening the North American tomato processing industry. The elevated tomato yield has accelerated the rate of canned tomatoes, a traditional dish item in the United States. The industry has profited greatly from enhanced tomato processing capacity, as well as the availability of greenhouses in Ontario and California. Over the projected timeframe, the market is expected to be propelled by rising snacking and the expansion of fast-food chains in the region.
Key Market Players
The major players in the market are The Morning Star Company, Olam Group, Campbell Soup Company, Neil Jones Food Company, J.G. Boswell Tomato Company, Conagra Brands, Inc., Del Monte Foods Inc., CONESA Group, Stanislaus Food Products, Los Gatos Tomato Products, among others.
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