IMARC Group has recently released a new research study titled “Tofu Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the tofu market?
The global tofu market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What is tofu?
Tofu, also known as bean curd, represents a creamy and protein-rich item that is prepared by coagulating and pressing fresh soy milk into a solid block. It is a rich source of calcium, copper, iron, zinc, amino acids, vitamin B1, etc. Tofu assists in enhancing skin texture, boosting energy levels, maintaining a healthy weight, etc. It also contains isoflavones that aid in protecting against the risks of heart diseases, osteoporosis, cancer, etc. Unprocessed tofu is commonly available in various textures, including soft, silken, extra-soft, firm, extra-firm, etc. It can effectively absorb flavors from spices, seasoning, marinades, etc. Consequently, tofu is extensively utilized in several cuisines.
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What are the growth prospects and trends in the tofu industry?
The growing consumer inclination towards vegan diets and the expanding food and beverage (FB) industry are primarily driving the tofu market. Additionally, the increasing prevalence of lifestyle disorders is augmenting the adoption of low-cholesterol, gluten-free, and plant-based food products. This, in turn, is catalyzing the global market. Moreover, quick serving restaurants (QSRs), cafes, and other eateries are experimenting with numerous flavors and combinations of tofu to offer innovative and unique dishes to their customers, which is acting as another significant growth-inducing factor.
Besides this, the introduction of tofu-based hot dogs, ice creams, burgers, shakes, desserts, etc., and the rising utilization of aggressive promotional activities by the leading manufacturers on social media platforms, are stimulating the market growth. Furthermore, the development of antimicrobial packaging solutions to improve the shelf life of the product is anticipated to fuel the tofu market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- Amy's Kitchen
- Eden Foods Inc.
- Hain Celestia
- House Foods Group
- Morinaga Company
- Pulmuone
- Tofurky
- Vitasoy
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Processed Tofu
• Unprocessed Tofu
Breakup by Type:
- Organic
• Conventional
Breakup by Application:
- Hotels, Restaurants and Catering
• Food Processing
• Household
• Others
Breakup by Distribution Channel:
- Direct Sales
• Supermarkets and Hypermarket
• Convenience Stores
• Specialist Stores
• Online Stores
• Others
Geographical Analysis:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (Egypt, United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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