Sep 23, 2019

World - Tomatoes - Market Analysis, Forecast, Size, Trends and Insights

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Jan 14, 2019

Global Tomato Market: Increasing Popularity of Western-Style Fast Food In Asia To Buoy Market Growth

IndexBox has just published a new report "World - Tomato - Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report's key findings.

The global tomato market revenue amounted to $228B in 2017, surging by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.7% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2011, with an increase of 14% y-o-y. Global tomato consumption peaked in 2017, and is expected to retain its growth in the near future.

Tomatoes can be classed as one of the most important crops in the world, as a result of robust demand. Tomatoes are consumed in two main segments, in their fresh form and in their processed form, as tomato paste and other canned tomato products. Despite the fact that these two segments shape the demand for tomatoes as a product overall, each sector is developing in different ways: consumer segment growth is being generated by the requirements or demand in the processing segment; demand for tomato paste is set to be a tangible driving force on the tomato market.

In 2017, the global consumption of tomatoes amounted to 183M tonnes (IndexBox estimate), increasing by 3.1% against the previous year. The total consumption volume increased at an average annual rate of +2.9% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2009, with an increase of 8.6% from the previous year. Over the period under review, global tomato consumption attained its maximum volume in 2017, and is likely to continue its growth in the near future.

The U.S., China and India Remain The Largest Tomato Consumers Worldwide

The country with the largest volume of tomato consumption was China (59M tonnes), accounting for 32% of total consumption. Moreover, tomato consumption in China exceeded the figures recorded by the world's second largest consumer, India (19M tonnes), threefold. The third position in this ranking was occupied by the U.S. (14M tonnes), with a 7.8% share.

From 2007 to 2017, the average annual rate of growth in terms of the volume of tomato consumption in China stood at +5.1%. The remaining consuming countries recorded the following average annual rates of consumption: India (+6.9% per year) and the U.S. (-0.5% per year).

As forecasted by IndexBox, China, India and the USA remain key consumers of tomatoes. Per capita incomes are expected to grow by around 8% in China with an increasing middle class. Given the ongoing process of urbanization, the above mentioned trend of the increasing popularity of western-type fast-food is particularly substantial for food market in China, thereby to a large extent sharpening the demand for tomatoes. In India, this is also a factor, along with a large and growing population and their incomes.

In the U.S., tomatoes remain a very popular product, with the main drivers of market growth being the popularity of tomato sauces and barbecues within the American cuisine, and the growing consumption of fast food, where tomato paste and ketchup are used widely. On the other hand, the increased attention to health and the environment is also generating interest in organically produced tomatoes. The tomato processing industry in the U.S. also will remain strong, driven by not only domestic, but also global demand. Thus, tomato consumption in the U.S. is to be shaped by population growth, not to mention a surge of new immigrants who eat vegetable-intensive diets.

Global Tomato Consumption Is To Continue Robust Growth

Since tomatoes are an established and popular product, there are currently no evident prerequisites for a change in consumer preferences. In this case, population growth and increases in household income are set to be key impetus factors with regard to the further expansion of the global tomato market. In addition, improvements in tomato harvesting and storage technology, combined with the establishment of more effective distribution networks will reduce crop losses and increase consumption.

Moreover, the processing segment will also continue to make a significant contribution to the further expansion of the tomato market. Tomato sauces remain a staple of global cuisine. It is forecast, therefore, that demand for tomato paste will remain steady, thereby supporting the tomato processing sector. Demand for processed tomatoes will increase in the traditional regions and countries of consumption, such as the USA, Canada and Europe, as well as in Asia. As a result of the rapid urbanisation process and the increasing popularity of Western-style cuisine and fast food in Asia, the ongoing use of both fresh and processed tomatoes for sandwiches, pizza and other products in "fast food" establishments should promote the growth of the tomato market.

Driven by increasing demand for tomatoes worldwide, the market is expected to continue an upward consumption trend over the next eight year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.2% for the eight-year period from 2017 to 2025, which is projected to bring the market volume to 218M tonnes by the end of 2025.

Do you want to know more about global tomato market? Get the latest trends and insight from our report. It includes a wide range of statistics on:

  • tomato market share
  • tomato prices
  • tomato industry
  • tomato sales
  • tomato import
  • tomato export
  • tomato market forecast
  • tomato price forecast
  • key tomato producers

All data provided in this article covers the following product: HS 0702 - Tomatoes.

Source: IndexBox AI Platform

Product coverage:
• FCL 388 - Tomatoes, fresh

This report provides an in-depth analysis of the global tomato market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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