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World - Tomato Juice - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Tomato Juice - Market Analysis, Forecast, Size, Trends and Insights

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Jan 23, 2019

Global Tomato Juice Market: Rapid Urbanization and Westernization of Diet in Asia to Shape Market Growth

IndexBox has just published a new report "World - Tomato Juice - Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report's key findings.

In 2017, the global tomato juice market amounted to X tons, remaining relatively stable as in the previous year. After a moderate decline in the volume of consumption from 2007 to 2009, consumption then regained an upward trend, increasing strongly through to 2013 and then levelling off over the next four years. Overall, the market volume increased at an average annual rate of +X% over the period from 2007 to 2017.

In wholesale prices, global tomato juice consumption stood at $X in 2017, an increase of X% against the previous year (IndexBox estimate). This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The value of the global tomato market as a whole was marked by an upward trend pattern over the period from 2007 to 2017. However, the trend pattern remained inconsistent: there were notable fluctuations in certain years. Overall, it increased by an average +X% per year over the last ten years. In 2017, the market rebounded, attaining its peak figure.

Tomato juice is a drink obtained by processing tomatoes: by pressing and condensing liquid fractions of tomatoes from solid residues. Tomato juice can be produced either directly from tomatoes, without much condensation, or be reconstituted from concentrated industrial tomato paste by adding water, salt and sometimes other food additives. As a result of the improved availability of tomato paste, due to modern aseptic packing technologies, tomato juice is now more affordable across the world, with local brands available in major consuming countries.

China Accounts For Approx. X% Of Global Tomato Juice Consumption

In 2017, China (X tons) was the largest consuming market for tomato juice, occupying X% of global consumption. The U.S. (X%), Indonesia (X%), Brazil (X%), Nigeria (X%) and Bangladesh (X%) appear as the next largest consumers of tomato juice in the world, together accounting for approximately X% of global consumption. Nigeria (+X% per year) and the U.S. (+X% per year) indicated the highest annual rates of growth in terms of tomato juice consumption from 2007 to 2017. In Indonesia, China and Brazil, consumption grew modestly over the same period.

The highest average rate of annual growth in terms of tomato juice consumption from 2007 to 2017 was recorded in the U.S. (X kg per year), while the per capita consumption of the other countries did not lag very far behind.

Tomato Juice Consumption Is Expected To Accelerate Against Rising Demand Worldwide

Tomato juice is a common product in both North America and Europe, where the market is well established: tomato products here are widely popular with consumers. Since tomato juice is already a popular food product in the developed countries of the West, no prerequisites for a sharp growth in consumption are currently forecast. Therefore, population growth remains a key development driver here, combined with increases in disposable income, which in turn will contribute to enhanced consumer spending. Another impetus is to come from increasing consumer awareness regarding sugar intake and rising preferences for healthy products and increasing health awareness is fueling the demand for vegetable juice, against other sugar-based soft drinks or sweet fruit juices.

It should, therefore, be expected that the developed European economies, as well as the USA and Canada, would buoy overall stability on the global tomato juice market and to some extent, contribute to the overall growth of the global market. On the other hand, a key impetus for further global market growth currently comes from the rapidly developing Asian countries. The per capita consumption of tomato juice in Asia remains tangibly lower than in the USA, Europe and Japan, where it is a well-known product. This indicates a weak market saturation and a simultaneous robust potential for growth.

Because of the rapid urbanization process and the increasing popularity of Western-style cuisine and fast food in Asia, the urban middle-income and high-income classes, who can be considered as key consumer groups for tomato juice, are growing rapidly in the emerging markets. Moreover, increasing incomes has allowed general health awareness by customers in Asian countries regarding their diets to increase. Because of its relatively low sugar content, tomato juice is considered a healthier alternative to sugar-based soft drinks and sweet fruit juices; therefore, this increasing health awareness is also set to promote market growth. All this will determine the future of the tomato juice market across South-Eastern Asia and will remain a major driver of the growth of the global tomato juice market. China will continue to lead the globe in terms of market growth, given a large and growing population, increasing consumer incomes and sufficient production of tomatoes for processing.

As for an upstream industry, tomatoes stand amongst the key global crops: as a product, they enjoy robust demand in both their fresh and processed form in various types of cuisine worldwide. In addition, the sustained demand for tomato paste will continue to make a significant contribution to market growth; tomato paste production will also support the tomato processing sector. The demand for processed tomatoes is set to increase in both the traditional regions and countries of consumption, such as the USA, Canada and Europe, and in Asia. Because of the rapid urbanization process and the increasing popularity of Western-style cuisine and fast food in Asia, the ongoing use of both fresh and processed tomatoes for sandwiches, pizza and other products in "fast food" establishments should promote the growth of the tomato market. All this should promote the expansion of the tomato industry, which will in turn support the growth of tomato juice market and its availability across the world.

Driven by an increasing demand for tomato juice worldwide, the market is expected to continue an upward consumption trend over the next eight years. As forecast by IndexBox, market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +X% for the eight-year period from 2017 to 2025, which is projected to bring the market volume to X tons by the end of 2025.

Do you want to know more about global tomato juice market? Get the latest trends and insight from our report. It includes a wide range of statistics on:

  • tomato juice market share
  • tomato juice prices
  • tomato juice industry
  • tomato juice sales
  • tomato juice import
  • tomato juice export
  • tomato juice market forecast
  • tomato juice price forecast
  • key tomato juice producers

All data provided in this article covers the following product: HS X - Tomato Juice.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global tomato juice market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 390 - Juice of Tomatoes

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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