Chan Ye Xin Xi Wang·2025-09-12 01:17Core Viewpoint - The global tomato processing industry is experiencing growth, particularly driven by increased production in China, but faces challenges such as high market inventory and potential declines in future production due to reduced planting enthusiasm among farmers [1][5][14]. Group 1: Industry Overview - The tomato processing industry is a crucial segment of the tomato supply chain, encompassing breeding, planting, initial processing, deep processing, and end-use by restaurants and food manufacturers [2][4]. - Global processed tomato production remained stable between 34 million to 40 million tons from 2018 to 2022, with a rise to 44.38 million tons in 2023 and an expected increase to 45.84 million tons in 2024, primarily due to significant production growth in China [5][6]. Group 2: Production Insights - China is the largest producer of processed tomatoes, with production increasing from 3.8 million tons in 2018 to 10.45 million tons in 2024, contributing 22.8% to global output [1][14]. - The main production areas in China are Xinjiang, Inner Mongolia, and Gansu, with Xinjiang alone accounting for 82.5% of the national production in 2024 [16][18]. Group 3: Consumption Trends - The global trend towards healthy eating and advancements in food technology are creating unprecedented opportunities for the tomato processing industry, with sales of tomato products expected to exceed 44 million tons in 2024, marking a 2.3% increase [8]. - Tomato sauce remains a leading product, with sales projected to reach 4.178 million tons in 2024, reflecting a 3.0% year-on-year growth [10][12]. Group 4: Export Dynamics - Approximately 80% of China's processed tomato production is directed towards exports, making the industry sensitive to exchange rate fluctuations and global trade policies [20]. - In 2024, external factors led to a slowdown in export activities, with significant declines in orders from overseas clients [20].