Market Overview:
The global tomato juice market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for healthy and nutritious food products, rising disposable income of consumers, and growing awareness about the health benefits associated with tomato juice consumption. Based on type, the global tomato juice market is segmented into pure, mixed, and others. The pure segment is expected to dominate the global tomato juice market in terms of value during the forecast period 2018-2030. This can be attributed to its high nutritional value as well as its wide usage in various food applications such as sauces, soups, dips etc. Based on application, the global tomato juice market is segmented into retail and catering segments. The retail segment accounted for majority share of revenue generated by Tomato Juice Market in 2017 and this trend is anticipated to continue throughout 2030 owing to increase in number of supermarkets/hypermarkets across globe coupled with rising demand from end users such as homemakers & young professionals . However ,the catering sector offers lucrative opportunities for players operating in Tomato Juice Market due increased adoption by hotels & restaurants for preparing cocktails , mocktails etc . Regionally , North America dominated Global Tomato Juice Market In 2017 And Is Expected To Retain Its Dominance Throughout Forecast Period . Presence Of Major Players Such As Campbell Soup Company (US) And Knorr (Switzerland) Are Driving Regional Growth .
Product Definition:
Tomato juice is a drink made from tomatoes. It is usually made by blending tomatoes with water and then straining the mixture.
Pure:
Pure is a natural juice concentrate derived from tomatoes. It has no additives and is 100% natural product. The pure form of tomato juice can be used as a substitute for fresh tomatoes in many applications such as sauces, soups, pasta, pizzas or oatmeal.
The global pure market size was valued at USD 1.10 billion in 2015.
Mixed:
Mixed is the combination of more than one variety of tomato. It can be used in any food product and has a great market potential. The global mixed tomato market was valued at USD 2,867 million in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. Increasing demand for healthy food with low fat content and natural ingredients will boost the growth over the forecast period.
Application Insights:
The retail application segment accounted for the largest share of over 70.0% in 2017 and is expected to witness significant growth over the forecast period. Tomatoes are a rich source of nutrition, especially vitamin C, which helps in maintaining skin and muscle health. The fruit also contains lycopene, which is beneficial for cardiovascular system as well as protects against cancer-causing elements such as free radicals and carcinogens present in food products like cigarette smoke. These nutritional properties have ledtomato juice to be used extensivelyin commercial juices across the globe.
The catering application segment was valued at USD 575 million in 2017 owing to increasing utilization of tomatoes by chefs across various cuisines including Italian, Mexican, Chinese etc., The product has a high acid content that makes it suitablefor use in sauces & dressings along with other ingredients that enhance its taste further driving its demand from this end-use industry over the coming years.
Regional Analysis:
North America held the largest share of over 35.0% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high consumption of tomato juice as a mixer for soft drinks and alcoholic beverages, along with growing demand for frozen juices. In addition, increasing number of quick-service restaurants in the region is anticipated to fuel market growth over the next eight years.
Asia Pacific was valued at USD X billion in 2017 and is expected to witness significant growth during the forecast period on account of rising health consciousness among consumers coupled with expanding middle-class population base across countries such as China, India, Thailand, Philippines and Indonesia will have a positive impact on industry expansion over next eight years The key players are focusing on tapping into untapped markets by introducing new products that meet local needs.
Growth Factors:
- Increasing demand for healthy beverages: The global tomato juice market is expected to grow at a CAGR of 5.5% during the forecast period. This can be attributed to the increasing demand for healthy and nutritious beverages across the globe. Tomato juice is a rich source of antioxidants, vitamins, and minerals which makes it a healthier option as compared to other carbonated drinks or juices available in the market.
- Rising awareness about health benefits of tomatoes: Tomato juice is known for its high nutritional value and various health benefits such as reducing cholesterol levels, improving heart health, preventing cancer, etc. This has led to an increase in its demand over the years, especially among health-conscious consumers worldwide.
- Growing popularity of smoothies and cocktails: Another key factor driving growth of the global tomato juice market is its growing popularity among consumers as an ingredient in smoothies and cocktails owing to its unique flavor profile and nutritional value. This trend is particularly prominent in developed countries such as North America and Europe where there has been a surge in demand for specialty drinks over recent years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Tomato Juice 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 Juice Market Report Segments:
The global Tomato Juice 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 Juice 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 Juice 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.
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- Correctly Positioning New Products
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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 juice is a type of juice made from tomatoes.
Some of the key players operating in the tomato juice 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 juice 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 Juice 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 Juice Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tomato Juice Market - Supply Chain
4.5. Global Tomato Juice Market Forecast
4.5.1. Tomato Juice Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tomato Juice Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tomato Juice Market Absolute $ Opportunity
5. Global Tomato Juice 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 Juice 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 Juice 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 Juice 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 Juice 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 Juice 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 Juice 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 Juice 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 Juice Demand Share Forecast, 2019-2026
9. North America Tomato Juice 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 Juice 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 Juice 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 Juice 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 Juice Demand Share Forecast, 2019-2026
10. Latin America Tomato Juice 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 Juice 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 Juice 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 Juice 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 Juice Demand Share Forecast, 2019-2026
11. Europe Tomato Juice 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 Juice 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 Juice 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 Juice 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 Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tomato Jice Demand Share, 2019-2026
12. Asia Pacific Tomato Juice 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 Juice 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 Juice 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 Juice 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 Juice Demand Share, 2019-2026
13. Middle East & Africa Tomato Juice 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 Juice 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 Juice 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 Juice 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 Juice Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tomato Juice Market: Market Share Analysis
14.2. Tomato Juice Distributors and Customers
14.3. Tomato Juice 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
