Dried tomatoes are red tomatoes that have been dried, either sun-dried or dehydrated, resulting in a chewy and sweet-flavored dried tomato. Dried tomatoes are the most efficient way to store dried tomatoes. Dried tomato has a wide range of applications in the food and beverage industries due to its strong taste properties. Dried tomatoes have a darker red colour than fresh tomatoes. The drying method of tomatoes allows them to be stored for a year and adds value to the product at a low cost.
MARKET SCOPE
The "Global Dried Tomatoes Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dried tomatoes market with detailed market segmentation by product, form, distribution channel, and geography. The report provides key statistics on the market status of the leading dried tomatoes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on form, the global dried tomatoes market is segmented into whole, slices, and others.
- On the basis of category, the market is segmented into organic and conventional.
- On the basis of application, the market is segmented into bakery and confectionery, dairy and frozen desserts, beverages, infant nutrition, sweet and savory snacks, curries, gravies and soups, and others.
MARKET DYNAMICS
Drivers:
- Rising demand for dried tomatoes among foodservice industry is significantly driving the market growth.
- The surging demand for natural ingredients in food products and beverages is amongst the vital determinants is significantly contributing to the expansion of the dried tomatoes market.
- The dried tomatoes market is driven by growth of the increased life span along with value addition.
- The growth of the application markets such as bakery & confectionery, infant nutrition, beverages, and convenience food products is also catalyzing market growth.
Restraints:
- Consumer are inclined more towards consuming fresh tomatoes than dried one may impede the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The dried tomatoes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dried tomatoes market in these regions.
IMPACT OF COVID-19 ON DRIED TOMATOES MARKET
Although the COVID-19 pandemic is still transforming the evolution of numerous industries, the outbreak's immediate impact is diverse. The impact of lockdowns, supply chain interruptions, demand destruction, and changes in customer behavior has had a substantial impact on the dried tomatoes market. The global food and beverages industry are one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc., as a result of this outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries, and it is also one of the worst-affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various food ingredients and products. All these factors are anticipated to affect the food and beverages industry in a negative manner and thus act as a restraining factor for the growth of various markets related to this industry in the coming months.
MARKET PLAYERS
The report covers key developments in the dried tomatoes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from dried tomatoes market are anticipated to lucrative growth opportunities in the future with the rising demand for dried tomatoes in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dried tomatoes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aarkay Food Products Ltd
- Diba Food
- Fine Dried Foods International, Inc.
- Garlico Industries Ltd
- Nilbatu Foods
- Territorial Seed Company
- Traina Foods
- Valley Sun Products, Inc.
- ABC Foods Company
- Empresarial Agraz, S.L.