(Entertainment-NewsWire.com, October 17, 2023 ) The total global market for the Tomato Concentrate Market was valued at USD 1.1 Bn in 2022 and is expected to grow at a CAGR of 5.5 percent over the forecast period to reach USD 1.60 Bn by 2029.
Tomato Concentrate Market Report Scope and Research Methodology
The report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. SWOT is used to identify the threats and weaknesses of the market while PESTLE is used to employ the competitive intensity of the Tomato Concentrate Market.
Increasing demand for processed foods, rising health awareness and growth in the food service industry are the growth drivers of the Tomato Concentrate Market growth. Volatility in the prices of tomatoes is the restraining factor of the Tomato Concentrate industry.
Tomato Concentrate Market Regional Insights
Asia Pacific held the largest Tomato Concentrate Market share in 2022. The growing middle class and increasing Consumer preferences towards healthier and more natural food options are the regional growth drivers.
Maximize Market Research is leading Food and beverages research firm, has also published the following reports:
Tomato Powder Market -The Market size is expected to reach USD 1.95 Bn by 2029 at a CAGR of 3.79 percent during the forecast period.
Dried Vegetable Market - The market size is expected to reach USD 22.76 Bn by 2029 at a CAGR of 5.6 percent during the forecast period.
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