The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Overview

• Strong Growth: The tomato pastes and purees market has seen significant expansion, growing from $12.01 billion in 2023 to an expected $12.66 billion in 2024, with a compound annual growth rate (CAGR) of 5.4%.
• Future Prospects: By 2028, the market is projected to reach $15.85 billion, continuing its growth at a CAGR of 5.8%.

Key Drivers of Growth

• Urbanization and Busier Lifestyles: Increasing urbanization and busier lifestyles are driving demand for quick and easy meal solutions, including tomato pastes and purees.
• Popularity of International Cuisines: The global appetite for international flavors is boosting the market, as tomato pastes and purees are essential in many global dishes.
• Growth in Processed Food Industry: The processed food industry continues to expand, with tomato products being a staple ingredient.
• E-Commerce Expansion: The rise of online shopping has made it easier for consumers to access a wide variety of tomato-based products.
• Improved Canning Techniques: Advances in canning have improved the shelf life and quality of tomato pastes and purees, enhancing their appeal.

Read The Full Tomato Pastes And Purees Market Report Here:

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Future Trends and Innovations

• Health Awareness: Growing consumer awareness of the health benefits associated with tomato-based products is driving demand.
• Convenience Food Boom: The increasing popularity of convenience foods, especially ready-to-eat meals, is propelling market growth. Tomato pastes and purees are essential in these products due to their ease of use and ability to enhance flavor.
• Organic and Non-GMO Demand: Consumers are increasingly seeking organic and non-GMO tomato products, leading to more product innovations.
• Innovative Packaging: Companies are focusing on developing new packaging solutions that are both convenient and environmentally friendly.
• Expansion of International Cuisines: The growing interest in diverse culinary experiences continues to expand the market for tomato pastes and purees.

Major Market Players

• Leading Companies: Key players in the market include Kagome Co. Ltd., Nestle S.A., The Kraft Heinz Company, General Mills Inc., Conagra Brands Inc., and Del Monte Foods, Inc.
• Sustainability Efforts: Companies like Cirio S.p.A. are leading the way in sustainability, launching products such as climate-neutral tomato pulp to meet eco-conscious consumer demands.

Case Study: Cirio’s Climate-Neutral Tomato Pulp

• Innovation in Sustainability: Cirio S.p.A. launched the first climate-neutral tomato pulp in the UK market in 2022, achieved through precision farming, renewable energy use, and reforestation projects.
• Environmental Impact: This innovation is part of a broader commitment to reducing emissions, using rail transport for goods, and minimizing plastic use.

Recent Developments: Kagome Co. Ltd. Expands

• Strategic Acquisition: In January 2024, Kagome Co. Ltd. acquired Ingomar Packing Company, a US-based premium tomato paste manufacturer, to strengthen its presence in the tomato processing sector.
• Focus on Growth: This acquisition is expected to open new avenues for sustainable growth and expand Kagome’s market share.

Market Segmentation

• By Product: Tomato pastes, tomato purees
• By Packaging: Bottles, tins and cans, pouches and sachets, jars, tubes
• By Distribution Channel: Direct sales, indirect sales
• By Application: Residential application, commercial application

Regional Insights

• North America: The largest market for tomato pastes and purees in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period, driven by rising demand for convenience foods and international cuisines.

Conclusion

The tomato pastes and purees market is poised for continued growth, driven by increasing demand for convenience foods, health awareness, and sustainability efforts. With major players focusing on innovation and expansion, the market is set to thrive in the coming years.

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The Tomato Pastes And Purees Global Market Report 2024  provides an overview of the tomato pastes and purees market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The tomato pastes and purees market forecast analyzes tomato pastes and purees market size, tomato pastes and purees market share, leading competitor and their market positions.

The Table Of Content For The Tomato Pastes And Purees Market Include:
1. Tomato Pastes And Purees Market Executive Summary
2. Tomato Pastes And Purees Market Segments
3. Tomato Pastes And Purees Market Size And Tomato Pastes And Purees Market Growth Rate
4. Key Tomato Pastes And Purees Market Trends
5. Major Tomato Pastes And Purees Market Drivers
……
25. Key Mergers And Acquisitions In The Tomato Pastes And Purees Market
26. Top Tomato Pastes And Purees Companies
27. Tomato Pastes And Purees Market Opportunities And Strategies
28. Tomato Pastes And Purees Market, Conclusions And Recommendations
29. Appendix

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