Tomato Extract Market Scope
Tomato extract is defined as the tomato which is basically made from a natural plant extract of tomato. It extracts antioxidant which is greater than β-carotene and vitamin E. Numerous benefits of tomato extract products such as regulate sebum, balance the pH of the skin, prevent cancer, skin protection, improve digestion health, reduce high blood pressure, prevent gallstones, improve vision and others. A rise in population across the world and increases in household income among middle-class families are some of the major factors which propel the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ADAMA Agricultural Solutions (China), Kagome Co., Ltd. (Japan), Nu-Health Products (China), Jiaherb (United States), Sv Agro Solutions (India), Bioveda Naturals (India), Giovanni Food Co., Inc. (United States), Red Gold Orestes (United States), Xi'an Greena Biotech Co.,Ltd. (China) and Lycored (United States) |
CAGR | 3.6% |
The tomato extract market is highly fragmented with the presence of various players such as ADAMA Agricultural Solutions (China), Kagome Co., Ltd. (Japan), Nu-Health Products (China), among others. Research Analyst at AMA estimates that China and United States Vendors will contribute to the maximum growth of Global Tomato Extract market throughout the predicted period.
ADAMA Agricultural Solutions (China), Kagome Co., Ltd. (Japan), Nu-Health Products (China), Jiaherb (United States), Sv Agro Solutions (India), Bioveda Naturals (India), Giovanni Food Co., Inc. (United States), Red Gold Orestes (United States), Xi'an Greena Biotech Co.,Ltd. (China) and Lycored (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Koninklijke DSM N.V. (Netherland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Tomato Extract market by Type , by Application (Food, Health Care Products, Medicine and Other) and Region with country level break-up.
On the basis of geography, the market of Tomato Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2020, NEC Corporation announced the execution of a strategic collaboration contract with Kagome Co., Ltd. to introduce farm management support services for top tomato processing industries using artificial intelligence (AI).
In October 2023, Nutraland USA, Inc. launched Somato™, the first whole-food derived melatonin from tomatoes. This innovative product is expected to offer a natural alternative to synthetic melatonin for use in functional foods and dietary supplements.
Influencing Trend:
Highly Adoption of New Techniques in order to Produce Better Yield as well as Quality of Tomato Extract Products
Market Growth Drivers:
Increasing Demand for Organic Ketchup and Changing Life Style along with Eating Habits and Growing Awareness among Consumer Regarding the Benefit of Tomato Extract Products
Challenges:
Issue related to Changing Climate Condition and Environment Degradation for Agriculture Tomato
Restraints:
Stringent Government Regulation Regarding the Manufacturing of Tomato Extract Products
Opportunities:
Growing Demand from Emerging Economics Market Such as China, India, Brazil, among Others, Increasing Demand of both Fresh and Processed Tomatoes for Pizza, Sandwiches, and others and Government Encouragement to Promote the Tomato Market across the World
Key Target Audience
Raw Material Suppliers and Distributors, Tomato Extract Manufacturers, Government and Research Organizations, Associations and Industrial Bodies and Others