Global Sun Dried Tomatoes Market Size To Exceed USD 2.01 Billion by 2033 | CAGR of 4.06%
Category: Food & BeveragesGlobal Sun Dried Tomatoes Market Size To Exceed USD 2.01 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Sun Dried Tomatoes Market Size is Expected to Grow from USD 1.35 Billion in 2023 to USD 2.01 Billion by 2033, at a CAGR of 4.06% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 100 Market data tables and figures & charts from the report on the "Global Sun Dried Tomatoes Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Whole Sun Dried Tomatoes, Chopped or Sliced Sun Dried Tomatoes, Sun Dried Tomato Paste, Sun Dried Tomato Powder), By Formulation Type (Organic Sun Dried Tomatoes, Conventional Sun Dried Tomatoes), By Distribution Channel (Online Retailing, Supermarkets/Hypermarkets, Specialty Stores, Direct Sales), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/sun-dried-tomatoes-market
The market for sun-dried tomatoes is the global business and consumption of tomatoes that have been dried by exposure to the sun or by mechanical drying. Sun-dried tomatoes are a preserved food item, usually produced by drying ripe tomatoes in the sun for a few days, concentrating their flavor, and extending their shelf life. Sun-dried tomatoes are simple to use and store, which makes them a handy choice for time-conscious consumers. They can be utilized in many types of foods, ranging from salads and sandwiches to sauces and snacks, and provide versatility for both home preparation and food service uses. Their long shelf life and simplicity make them attractive to individual consumers and food manufacturers alike. Sun-dried tomatoes are viewed as a healthy, nutrient-rich food because of their high content of vitamins, antioxidants, and minerals. However, sun-dried tomatoes, particularly when not stored well, are prone to deterioration, such as mold development, color change, and loss of taste. Storage conditions must be adequate to preserve quality, and poor handling may shorten shelf life. This can result in wastage of the product and consumer dissatisfaction, especially in areas with high humidity or poor storage conditions.
The whole sun dried tomatoes segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the sun dried tomatoes market is divided into whole sun dried tomatoes, chopped or sliced sun dried tomatoes, sun dried tomato paste, sun dried tomato powder. Among these, the whole Sun Dried Tomatoes segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth attributed to whole sun dried tomatoes is generally thought to be of better quality, as they have more of their natural taste and texture than processed ones. This provides them with an advantage in gourmet and premium markets.
The conventional sun dried tomatoes segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the formulation type, the sun dried tomatoes market is divided into organic sun dried tomatoes, conventional sun dried tomatoes. Among these, the conventional sun dried tomatoes segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by conventional sun-dried tomatoes, as with other conventionally produced foods, which tend to be treated with preservatives like sulfur dioxide to assist in retaining color and shelf life. The treatment enables longer storage, which is a major benefit for both consumers and retailers.
The supermarkets/hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the sun dried tomatoes market is divided into online retailing, supermarkets/hypermarkets, specialty stores, and direct sales. Among these, the supermarkets/hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to hypermarkets and supermarkets usually stocking a variety of sun-dried tomato products, depending on consumer choice, like organic, conventional, diced, whole, or sun-dried tomato paste. Their large volume of sales, supermarkets, and hypermarkets can provide price competitiveness for sun-dried tomatoes, thus appealing to price-sensitive consumers.
North America is expected to hold the majority share of the global sun dried tomatoes market during the forecast period.
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North America is expected to hold the majority share of the global sun dried tomatoes market during the forecast period. Sun-dried tomatoes are used extensively in a variety of processed foods, like sauces, dressings, and snacks. The growing demand for convenience foods, particularly those that fit healthy eating trends, has fueled the consumption of sun-dried tomatoes in North America.
Asia Pacific is anticipated to grow at the fastest pace in the global sun dried tomatoes market during the forecast period. With the expansion of the region's middle class, there is a growing demand for Western and mediterranean foods, particularly among young, urban consumers. Sun-dried tomatoes, one of the main ingredients in mediterranean cuisine, are being added to local dishes as consumers try out various culinary traditions. This taste change is driving demand for sun-dried tomatoes.
Major vendors in the global sun dried tomatoes market are BATA FOOD, AVOD, Valley Sun Products, BCFoods, Fiordelisi Srl, Kairos Food, Nilbatu Foods, BT FOOD, SFII, Sunrose, Euro Ran, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the sun dried tomatoes market based on the below-mentioned segments:
Global Sun Dried Tomatoes Market, By Product Type
- Whole Sun Dried Tomatoes
- Chopped or Sliced Sun Dried Tomatoes
- Sun Dried Tomato Paste
- Sun Dried Tomato Powder
Global Sun Dried Tomatoes Market, By Formulation Type
- Organic Sun Dried Tomatoes
- Conventional Sun Dried Tomatoes
Global Sun Dried Tomatoes Market, By Distribution Channel
- Online Retailing
- Supermarkets/Hypermarkets
- Specialty Stores
- Direct Sales
Global Sun Dried Tomatoes Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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