The global tomato market size is estimated to increase by $45.3 billion from 2022 to 2027 with a compound annual growth rate of 4.98%, according to a data report from Technavio.
A significant force in the market”™s growth will be the Asia-Pacific region, which is estimated to account for 38% of the global market during the forecast period.
“Tomatoes are extensively used in the food and beverage industry due to their nutritional value and health benefits, such as helping with hypertension and promoting healthy skin by reducing inflammation,” said the Technavio report. “The growing usage of tomatoes in various culinary settings and food processing facilities is driving substantial growth in the APAC tomato market. Tomatoes are widely utilized to create various tomato-based dishes and are in high demand in the market.”
However, meteorological challenges could hinder the market”™s progress.
“Extreme weather conditions and climate change can have serious repercussions on the production and income of tomatoes,” the report warned. “These environmental changes negatively impact the sustainability of the food system, affecting farmers’ livelihoods, food choices, and overall food security by disrupting the natural and human components within agroecosystems. Increasingly frequent annual rains and heavy downpours, especially during spring, can hinder crop growth, disrupt planting schedules, and contribute to the spread of fungal and bacterial plant diseases. Additionally, excessive rainfall can cause labor delays, affecting field operations. Fluctuations in temperatures and precipitation directly influence the quantity and quality of tomato plants, leading to potential economic effects from pests and weeds and altering the timing of crucial agricultural activities.”
