According to the latest report by IMARC Group, titled “Tofu Market Price Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global tofu market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.2% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Tofu refers to a creamy and protein-rich soy product prepared from curdling fresh soymilk and pressing it into a solid block. Unprocessed tofu is usually available in various textures and is often used in multiple cuisines as it can easily absorb flavors. Tofu has high nutritional value and health-promoting compounds, such as calcium, iron, magnesium, zinc, copper, amino acids, and vitamin B1. As a result, tofu aids in improving heart and bone health, along with weight management.
The escalating food and beverage industry, along with the growing trend of veganism, is primarily driving the market growth. Furthermore, the rising consumer health consciousness has increased consumption of a low-fat diet. Moreover, the introduction of tofu-based sauces, hot dogs, burgers, ice creams, desserts, and shakes, has also catalyzed the product demand. The market is further fueled by the premiumization of gluten-free and low-carb products. Several restaurants, cafes, and other eateries are experimenting with tofu variants to create unique dishes. Numerous other factors, including aggressive promotional activities by manufacturers on social media platforms, the easy product availability through various e-commerce retail chains and rising consumer expenditure, are projected to further drive the market growth in the coming years.
Tofu Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global tofu market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amy’s Kitchen
- Eden Foods Inc.
- Hain Celestia
- House Foods Group
- Morinaga & Company
Key Market Segmentation:
The report has segmented the global tofu market on the basis of product, type, application, distribution channel and region.
Breakup by Product:
- Processed Tofu
- Unprocessed Tofu
Breakup by Type:
Breakup by Application:
- Hotels, Restaurants and Catering
- Food Processing
Breakup by Distribution Channel:
- Direct Sales
- Supermarkets and Hypermarket
- Convenience Stores
- Specialist Stores
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
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IMARC’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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