The global tomato processing market witnessed a decline over the past few years due to the economic crisis in 2008-09. However, the market is expected to grow rapidly on account of the thriving food industry over the next few years.
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According to IMARC Group’s latest report, titled “Tomato Processing Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue”, the global tomato processing market reached a volume of around 37 Million Tons in 2016, declining at a CAGR of nearly 2% during 2009-2016. Despite the recent decline, the market is anticipated to display a healthy growth in the foreseeable future owing to a number of factors. Tomatoes are a functional flavoring ingredient used in various cuisines, and a rich source of vitamins A and C, minerals, antioxidants and fibers. They are also beneficial in maintaining a healthy blood pressure and improving vision. Since tomatoes are perishable in nature, they are processed to make a variety of products which have longer shelf life. Tomato processing began with the manual canning of tomatoes in 1847. Presently, around a fifth of the total tomatoes produced worldwide are utilized by the tomato processing industry.
Highlights of the tomato processing market:
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The market has been segmented on the basis of end-use. Currently, sauces hold the largest share in the global market. Other end-use segments include tomato pastes, canned tomatoes, ketchup and juices. The United States represents the biggest consumer of processed tomato products, however, the market witnessed a negative growth during the last few years. Other major markets include Italy, China, Turkey and Iran. On evaluating the competitive landscape of the market, it is found that Morning Star, COFCO Tunhe, Xinjiang Chalkis Tomato, Ingoma Packaging CO and JG Boswell are some of the key players operating in it.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.Global Cigarette Lighter Market
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Request a free sample copy of the report: www.imarcgroup.com/request?type=report&id=637&flag=B
According to IMARC Group’s latest report, titled “Tomato Processing Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue”, the global tomato processing market reached a volume of around 37 Million Tons in 2016, declining at a CAGR of nearly 2% during 2009-2016. Despite the recent decline, the market is anticipated to display a healthy growth in the foreseeable future owing to a number of factors. Tomatoes are a functional flavoring ingredient used in various cuisines, and a rich source of vitamins A and C, minerals, antioxidants and fibers. They are also beneficial in maintaining a healthy blood pressure and improving vision. Since tomatoes are perishable in nature, they are processed to make a variety of products which have longer shelf life. Tomato processing began with the manual canning of tomatoes in 1847. Presently, around a fifth of the total tomatoes produced worldwide are utilized by the tomato processing industry.
Highlights of the tomato processing market:
- Developing fast-food industry remain the key growth driving component.
- Sauces represent the largest end-use segment, accounting for nearly a third of the total share.
- The United States holds the majority of the global share in terms of consumption.
Read full report with TOC @ www.imarcgroup.com/tomato-processing-plant
The market has been segmented on the basis of end-use. Currently, sauces hold the largest share in the global market. Other end-use segments include tomato pastes, canned tomatoes, ketchup and juices. The United States represents the biggest consumer of processed tomato products, however, the market witnessed a negative growth during the last few years. Other major markets include Italy, China, Turkey and Iran. On evaluating the competitive landscape of the market, it is found that Morning Star, COFCO Tunhe, Xinjiang Chalkis Tomato, Ingoma Packaging CO and JG Boswell are some of the key players operating in it.
Browse related reports:
Frozen Fruits and Vegetables Market: www.imarcgroup.com/frozen-fruits-and-vegetables-market
Kaspa Peas Market: www.imarcgroup.com/kaspa-peas-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.Global Cigarette Lighter Market
Contact us
IMARC Group
309 2nd St, Brooklyn, NY 11215, USAWebsite: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
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