Market Overview:
The global tomato-flavored beverage market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for healthy and refreshing drinks, especially among millennials. Tomato-flavored beverages are considered as a healthier option as compared to other carbonated drinks available in the market. In addition, these beverages are also low in calories and have no artificial sweeteners or colors added to them, which makes them popular among health-conscious consumers. The global tomato-flavored beverage market is segmented on the basis of type into pure, mixed, and others (including flavored water). The pure segment is expected to dominate the global tomato-flavored beverage market during the forecast period owing to its high demand from retail and catering applications. Mixed type includes both fruit juices with added tomato flavor as well as carbonated drinks with added tomato flavor.
Product Definition:
A tomato-flavored beverage is a drink that has been flavored with the taste of tomatoes. This can be done by adding pureed tomatoes to the drink, or by using a tomato extract or oil. Tomato-flavored beverages are often used in cocktails, and can be enjoyed either cold or hot.
Pure:
Pure is a natural flavoring agent derived from vegetables and fruits. It has no color, taste, or any other extraneous element. The most commonly used purees are those of watermelon, apple, banana, and tomato among others. Pure is also referred to as a concentrated flavor that possesses the same amount of taste as its source food (for example: 1 cup of watermelon contains 0.35 cups of pure).
Mixed:
Mixed is a combination of different ingredients which are used in the manufacturing of tomato-flavored beverage. The most commonly used mixed ingredient for manufacturing these beverages is flavor enhancer (which can be any kind of fruit or vegetable). Other common ingredients include sweeteners, colors, and preservatives. Some other types of mixed ingredients are acidity regulators, yeast nutrients and vitamins among others.
The global market size was valued at USD 2.51 billion in 2015.
Application Insights:
The retail application segment accounted for the largest share of over 60.0% in 2017. Tomatoes have a long history as a popular ingredient in many European and Latin American dishes, which has led to their extensive use as flavoring agents in various beverages and foods across the regions. The growing trend of home cooking among consumers, coupled with increasing consumer disposable income levels across developing countries such as China, India, Indonesia Malaysia & Vietnam is expected to drive demand for TOM-flavored beverages within the retail sector over the forecast period.
The catering application segment is anticipated to witness significant growth at an estimated CAGR of XX% from 2018 to 2030 owing to rising demand for flavored water and cocktails on account of their health benefits along with taste enhancement properties attributed by experts from around the world who have extensively studied about tomatoes.
Regional Analysis:
North America accounted for the largest share of more than 35.0% in 2017. The region is expected to maintain its lead over the forecast period, with U.S., being the major contributor to regional growth, holding a larger market share owing to high demand and consumption of Tomatin Original and Red Jacket products across this region.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing consumer preference toward flavored beverages among youth population especially in emerging countries such as China and India due tomarginine properties attributed by these beverages which are also known as Mango Lassi or Pomegranate Flavored Soft Drinks respectively. Moreover, rising disposable income levels coupled with expanding middle-class population base will continue driving regional product demand over next eight years thus positively impacting industry growths on a larger scale at a faster pace comparedto other regions globally.
Growth Factors:
- Increasing demand for healthy and nutritious food products.
- Rising disposable income of consumers in developing countries.
- Growing popularity of tomato-flavored beverages among health-conscious consumers.
- Proliferation of convenience stores and supermarkets across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tomato-Flavored Beverage Market Research Report
By Type
Pure, Mixed,
By Application
Retail, Catering,
By Companies
Beijing Huiyuan Beverage Food Group, Shaanxi Jintai Biological Engineering, Hunan NutraMax Inc., Rita Food & Drink, TISOK LLC, KIZIKLI GIDA SANAYI VE TICARET ANONIM SIRKETI, NAM VIET PHAT FOOD, Foshan Shuokeli Food, Nam Viet Foods & Beverage, TEREV FOODS LLC, Uni-President Enterprises Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Tomato-Flavored Beverage Market Report Segments:
The global Tomato-Flavored Beverage market is segmented on the basis of:
Types
Pure, Mixed,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Catering,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Beijing Huiyuan Beverage Food Group
- Shaanxi Jintai Biological Engineering
- Hunan NutraMax Inc.
- Rita Food & Drink
- TISOK LLC
- KIZIKLI GIDA SANAYI VE TICARET ANONIM SIRKETI
- NAM VIET PHAT FOOD
- Foshan Shuokeli Food
- Nam Viet Foods & Beverage
- TEREV FOODS LLC
- Uni-President Enterprises Corporation
Highlights of The Tomato-Flavored Beverage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pure
- Mixed
- By Application:
- Retail
- Catering
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tomato-Flavored Beverage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tomato-flavored beverage is a type of soft drink that contains tomato juice as its main ingredient.
Some of the major players in the tomato-flavored beverage market are Beijing Huiyuan Beverage Food Group, Shaanxi Jintai Biological Engineering, Hunan NutraMax Inc., Rita Food & Drink, TISOK LLC, KIZIKLI GIDA SANAYI VE TICARET ANONIM SIRKETI, NAM VIET PHAT FOOD, Foshan Shuokeli Food, Nam Viet Foods & Beverage, TEREV FOODS LLC, Uni-President Enterprises Corporation.
The tomato-flavored beverage market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tomato-Flavored Beverage Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tomato-Flavored Beverage Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tomato-Flavored Beverage Market - Supply Chain
4.5. Global Tomato-Flavored Beverage Market Forecast
4.5.1. Tomato-Flavored Beverage Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tomato-Flavored Beverage Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tomato-Flavored Beverage Market Absolute $ Opportunity
5. Global Tomato-Flavored Beverage Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tomato-Flavored Beverage Market Size and Volume Forecast by Type
5.3.1. Pure
5.3.2. Mixed
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tomato-Flavored Beverage Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tomato-Flavored Beverage Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Catering
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tomato-Flavored Beverage Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tomato-Flavored Beverage Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tomato-Flavored Beverage Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tomato-Flavored Beverage Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tomato-Flavored Beverage Demand Share Forecast, 2019-2026
9. North America Tomato-Flavored Beverage Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tomato-Flavored Beverage Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tomato-Flavored Beverage Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Catering
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tomato-Flavored Beverage Market Size and Volume Forecast by Type
9.7.1. Pure
9.7.2. Mixed
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tomato-Flavored Beverage Demand Share Forecast, 2019-2026
10. Latin America Tomato-Flavored Beverage Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tomato-Flavored Beverage Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tomato-Flavored Beverage Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Catering
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tomato-Flavored Beverage Market Size and Volume Forecast by Type
10.7.1. Pure
10.7.2. Mixed
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tomato-Flavored Beverage Demand Share Forecast, 2019-2026
11. Europe Tomato-Flavored Beverage Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tomato-Flavored Beverage Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tomato-Flavored Beverage Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Catering
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tomato-Flavored Beverage Market Size and Volume Forecast by Type
11.7.1. Pure
11.7.2. Mixed
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Prodct Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tomato-Flavored Beverage Demand Share, 2019-2026
12. Asia Pacific Tomato-Flavored Beverage Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tomato-Flavored Beverage Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tomato-Flavored Beverage Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Catering
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tomato-Flavored Beverage Market Size and Volume Forecast by Type
12.7.1. Pure
12.7.2. Mixed
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tomato-Flavored Beverage Demand Share, 2019-2026
13. Middle East & Africa Tomato-Flavored Beverage Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tomato-Flavored Beverage Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tomato-Flavored Beverage Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Catering
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tomato-Flavored Beverage Market Size and Volume Forecast by Type
13.7.1. Pure
13.7.2. Mixed
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tomato-Flavored Beverage Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tomato-Flavored Beverage Market: Market Share Analysis
14.2. Tomato-Flavored Beverage Distributors and Customers
14.3. Tomato-Flavored Beverage Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Beijing Huiyuan Beverage Food Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shaanxi Jintai Biological Engineering
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hunan NutraMax Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rita Food & Drink
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TISOK LLC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KIZIKLI GIDA SANAYI VE TICARET ANONIM SIRKETI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NAM VIET PHAT FOOD
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Foshan Shuokeli Food
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nam Viet Foods & Beverage
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TEREV FOODS LLC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Uni-President Enterprises Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
