The Tomato Processing Machine Market is expected to grow at a CAGR of 3.6% between 2023 and 2033. The market is expected to expand slowly, with a current value of US$ 1.3 billion in 2023. Given the gradual increase in demand, the adoption of tomato processing machines is expected to reach US$ 1.9 billion by 2033.
The market is primarily driven by the widespread use of processed tomatoes in the food service industry in hotels, restaurants, and fast-food outlets, as a result of their numerous applications in sectors such as home products, food processing, and snack foods. Fast food is one of the world’s fastest-growing industries, and the expansion of the organised retail sector is providing extra momentum to the market’s rise.
Because of its multiple health benefits and capacity to last longer, processed tomatoes are becoming increasingly popular. Tomato puree is an essential processed product since it may be used to make a variety of value-added commodities. The rise of the processed food business is driving the deployment of tomato processing machines. Furthermore, the urbanisation of emerging countries is expected to boost demand for processed goods, supporting market expansion.
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Because of the growing popularity of fast food, especially among the younger generation, processed tomato products like ketchup and sauces are in high demand. This is expected to stimulate market expansion around the world. Furthermore, processed tomato products are widely consumed in Western countries. This is related to increased urbanisation of eating patterns as well as the rise of the middle class.
Key Takeaways from the Tomato Processing Machine Market
- The manual mode of operation sector is expected to develop at a significant rate, with a CAGR of 5.4% during the base period of 2018-2022, and a CAGR of 2.9% in the predicted period.
- Food processing is the dominating end-use segment for tomato processing machines, and it is expected to increase at a CAGR of 3.8% during the projected period.
- The United States holds the largest share in the market for tomato processing machines and is likely to be worth US$ 377.5 Mn by 2033.
- The U.K. tomato processing machine market is likely to exceed $90.4 Mn by 2033, growing at a moderate CAGR of 3.4%.
- China’s tomato processing machine industry is anticipated to grow rapidly, achieving a CAGR of 5.5% over the projected period. In 2023, the country’s market value is expected to be $94.1 Mn.
- Japan’s tomato processing machine industry is expected to grow at a moderate pace, with a CAGR of 3.4% during the projection period. According to FMI, the market is likely to be worth US$ 167.6 Mn by 2033.
- During the projected period, the Korean tomato processing machine market is expected to grow at a modest CAGR of 3.9%, reaching a valuation of US$ 134.1 million by 2033.
Who is Winning?
The global tomato processing machines market is highly fragmented, with several prominent and new competitors such as Chumak Company, Morning Star Company, and others. To remain competitive, these companies must continue to spend on R&D operations to stay ahead of customer tastes and end-use industry expectations. Efforts are being made to boost their industry position. This will allow them to raise their exposure in the forum while also contributing to the continued development of tomato processing equipment.
Some of the major players in the market are J.G. Boswell Tomato Company, Chumak Company, Morning Star Company, CONESA Group, Food & Biotech Engineers (India) Pvt. Ltd., CFT Group, Avure Technologies, and JBT Corporation.
JBT Corporation, the world’s leading manufacturer of food and beverage technology, announced the release of its FVPGrowTM and Chopper Blender SE technologies on October 7, 2022. These technologies are intended for clients in the juice and purée processing industries that demand smaller, more adaptable apparatus on their production lines.
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Tomato Processing Machine Market by Category
By Mode of Operation, the Tomato Processing Machines Market is Segmented as:
- Automatic
- Semi-Automatic
- Manual
By End Use, the Tomato Processing Machines Market is Segmented as:
- Processing
- HoReCa
- Others
By Sales Channel, Tomato Processing Machine Market is Segmented as:
- Direct
- Retail Sales
By Region, Tomato Processing Machine Market is Segmented as:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
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