Pune, India -- (SBWire) -- 11/06/2017 --Market Overview

Tomato powder is manufactured by dehydrating tomato and creating a fine powder. Tomato powder is one of the most widely used ingredient in food and beverage industry. It is rich in flavor which has increased its application in various product lines such as seasonings and savories, soup mixes, snack foods, curries and gravies, baby foods and many more. Tomato powder has a higher shelf life compared to other tomato extracts which is driving the growth of tomato powder market. Apart from its use in food industry, tomato powder is also applicable in cosmetic industry for its high nutrient and anti-oxidant properties which is adding fuel to the growth of tomato powder market.      

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Market Forecast

Tomato powder has a wide range of application in food and beverage industry owing to its rich flavoring attribute. Moreover, tomato contains a lot of health promoting phytochemicals and is rich in anti-oxidants which helps to keep skin cells healthy and keep ageing at bay. This has contributed to the growth of tomato powder market in cosmetic industry. Moreover, its use as a healthy supplement is bringing surge in the tomato powder market.

Furthermore, changing lifestyle and increasing number of working population is escalating the demand for processed foods which in turn surges the tomato powder market. Additionally, focus on R&D will contribute to the growth of tomato powder market. All these factors are projected to contribute to the estimated CAGR of 3.6% of tomato powder market during the forecast period 2017-2023. 

Competitive Analysis

The major players in the tomato powder market

- Lycored (U.K.)
- Hangzhou Qincheng Trade Co. Ltd (Beijing)
- Cmec Xinjiang Foodstuff Co. Ltd. (China)
- BATA FOOD (Turkey)
- Grupo Empresarial Agraz, S.L. (Spain)
- Garlico Industries Ltd. (India)
- Aarkay Food Products Ltd. (India)

Focus on R&D will contribute to the growth of tomato powder market. Moreover, increasing application of tomato powder will attract new players in the market which will drive the growth of tomato powder market.

Downstream Analysis

Tomato powder is segmented on the basis of product of process including hot break, cold break and warm break. Among all, hot break is projected to be the fastest growing segment as it produces a denser and more viscous product when reconstituted and can be used in functional foods and nutrition applications.

Based on application, tomato powder is segmented such as seasoning and savories, soup mixes, snack foods, curries and gravies, baby foods and others. Seasoning and savories market is expected to be the fastest growing segment owing to increased consumption of seasoning and savories in the market.

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Regional Analysis

Global Tomato Powder Market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific market is dominating the tomato powder market followed by North America. In Asia Pacific, China is the major producer and consumer of tomato powder followed by India. In China, tomato powder is used as a major ingredient for adding tomato flavor in various fast food dishes. Moreover, tomatoes are an integral part of American diets and used in every recipe which has opened doors for tomato powder market in this region.

Moreover, Europe is experiencing moderate growth in the tomato powder market owing to the changing lifestyle and changing consumption pattern among the consumers. Moreover, Spain and the Netherlands are experiencing increasing production of tomatoes which is contributing the growth of tomato powder in these regions.

Market Segmentation

Tomato Powder Market is segmented on the basis of product process, application, and region.

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