Tofu Market size was valued at US$ 260.87 Bn. in 2022 and the total revenue is expected to grow at 5.2% through 2023 to 2029, reaching nearly US$ 371.99 Bn.Tofu Market Overview:
Tofu is a soy milk-based bean curd produced by curdling soymilk and pressuring curd into solid white blocks of different softness such as soft, firm, extra firm, and super firm. Tofu is generally low calories, gluten-free and protein-rich creamy soy product which is widely consumed in all region due to high nutrient values like Vitamin B1, Calcium, Zinc, Iron, Amino acids, Copper and magnesium which has health benefits to natural weight management and bone as well as heart health improvement. Tofu is consumed as a meat alternative for similar nutrient values. Heavy usage in food and beverage and easy availability in stores, supermarkets, and online has boosted the Tofu market globally.To know about the Research Methodology :- Request Free Sample Report
Tofu Market Dynamics:
Tofu is consumed as an alternative for meat due to its similarity of nutrition values and easy availability in the market in all-region. Tofu is a high source of calcium and iron and gluten-free is the reason for the high consumption amount people who have a calcium deficiency. As consumers are getting self-aware about health and sustainable living and many of them shifting toward a vegetarian diet due to the high content of natural fat and calories in animal-based protein. A healthy amount of amino acids and Vitamin B1, Magnesium, and zinc made tofu a very popular staple food option. Wide usage in the food and beverage industry has boosted the Tofu market worldwide. Tofu is used in a variety of local as well as continental cuisine especially in Asian countries where have been consumed for over 2000 years and are considered a traditional food item. The current adoption of veganism in a large population is the key driver of the global tofu market. The main raw material for Tofu is soy milk is the favored choice among vegan consumers hence the preference for tofu is relatively high. Robust supply chain, easy availability online and offline and equal demand and supply ratio has been major forces to flourish the global Tofu market.Restraints
The high amount of Tofu consumption leads to thyroid and breast tumors and advised to avoid daily consumption of soy-based food, specifically tofu. Women who suffer from estrogen-sensitive breast tumors have been advised not to eat tofu.Tofu Market Segment Analysis:
By Product, Processed tofu is dominating segment in the global tofu market with 86% of the market share. Processed Tofu is made for longer shelf life with certain preservatives and to reduce spoilage. Generally, the food and beverage industry prefers processed tofu due to its easy availability and longer food life and reduce uncertain spoilage. Domestic usage of processed tofu is fairly large for the dame reason and affordability. Unprocessed tofu made of organic soy and unfertilized process which is a costlier option and relatively less demand due to tendency of early wastage.By Application, Food and beverage industry is the dominating segment in Global Tofu Market by holding a 68% market share in 2022. A variety of dishes and preparations in restaurants and traditional cuisine creates high demand in the food and beverage industry. East Asia, Japan, and the Korean region have the highest application of tofu in their traditional dishes and in specialty restaurants where tofu is prepared with peanut, azuki beans with oatmeal, and mung beans. Domestic consumption of tofu is fairly less compared to the F&B industry. Organic tofu is preferred in domestic consumption due to the naturally made unfertilized process.
By Distribution Channels, the Supermarkets segment is dominating segment in Global Tofu Market. A robust supply chain, a variety of options under one roof, and a constant supply of stock made the supermarkets a favorable option for the consumer to source soy-based products like tofu. 65% of tofu sales generated from Supermarkets and hypermarkets as higher demand for processed tofu with longer shelf life and variety made to available to customers have created an impact on another form of distribution channels like direct sales. Currently, online sourcing of tofu and the soy-based product has seen major growth and is likely to pick up the trend in all urbanized cities.
Tofu Market Regional Insights:
The Asia Pacific is dominating region with a share of 56.3% with a major contributor from East Asian countries like Japan, Korea, China, Thailand, Philippines, and India. Tofu is a traditional food in the Asian region which is been consumed for more than 2000 years old. Japan is the largest consumer of Tofu as the hub for the largest number of manufacturers and easy availability. China is the key market with a high density of manufacturers and holds the major share in the global Tofu market. Europe and North America have seen major growth as the number of vegan consumers has increased and spike demand in western countries. Tofu-based products held 30% of the global meat substitute market. The Asia Pacific is likely to continue domination in Global Tofu Market in the next six years. The objective of the report is to present a comprehensive analysis of the Global Tofu market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Tofu market dynamics, structure by analyzing the market segments and projecting the Global Tofu market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tofu market make the report investor’s guide.Global Tofu Market Scope: Inquire before buying
Global Tofu Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 260.87 Bn. Forecast Period 2023 to 2029 CAGR: 5.2% Market Size in 2029: US $ 371.99 Bn. Segments Covered: by Product Processed Tofu Unprocessed Tofu by Application Food Industry Domestic Others by Distribution Channels Direct Sales Supermarkets Online store Others Tofu Market, by Region
North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)Tofu Market, Key Players are
1.Pulmuone 2. Hain Celestial Group 3.Sagamiya Foods 4. CJ CheilJedang 5. Zuming Bean Products 6. House Foods America Corporation 7. Morinaga Milk 8. Shanghai Tramy Green Food Group 9. Hangzhou Bean Food 10. Shenyang Fulai Food Industrial 11. Sunrise Soya Foods 12. Vitasoy International Holdings Limited 13. Kikkoman Corporation 14. Nasoya 15. Soyarich Foods 16. Invigorate Foods 17. Kong Kee FoodFAQ
1] What segments are covered in the Global Tofu Market report? Ans. The segments covered in the Global Tofu Market report are based on Product, Application, and Distribution Channels. 2] Which region is expected to hold the highest share in the Global Tofu Market? Ans. Asia Pacific Region is expected to hold the highest share in the Global Tofu Market. 3] What is the market size of the Global Tofu Market by 2029? Ans. The market size of the Global Tofu Market by 2029 is US $ 371.99 Bn. 4] Who are the top key players in the Global Tofu Market? Ans. Pulmuone, Hain Celestial Group, Sagamiya Foods, CJ CheilJedang, Zuming Bean Products, House Foods America Corporation, Morinaga Milk, Shanghai Tramy Green Food Group, Hangzhou Bean Food, Shenyang Fulai Food Industrial, Sunrise Soya Foods, Vitasoy International Holdings Limited, Kikkoman Corporation, Nasoya, Soyarich Foods,I nvigorate Foods, Kong Kee Food. 5] What was the market size of the Global Tofu Market in 2022? Ans. The market size of the Global Tofu Market in 2022 was US $ 260.87 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Tofu Market Size, by Market Value (US$ Mn) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2020 3.2.1. 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Tofu Market 3.4. Geographical Snapshot of the Global Tofu Market, By Manufacturer share 4. Global Tofu Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. The Threat of Substitute Products 4.1.6.5. The intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Tofu Market 5. Supply Side and Demand Side Indicators 6. Global Tofu Market Analysis and Forecast, 2022-2029 6.1. Global Tofu Market Size & Y-o-Y Growth Analysis. 7. Global Tofu Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Processed Tofu 7.1.2. Unprocessed Tofu 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Food Industry 7.2.2. Domestic 7.2.3. Others 7.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 7.3.1. Direct Sales 7.3.2. Supermarkets 7.3.3. Online store 7.3.4. Others 8. Global Tofu Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Global Tofu Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Processed Tofu 9.1.2. Unprocessed Tofu 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Food Industry 9.2.2. Domestic 9.2.3. Others 9.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 9.3.1. Direct Sales 9.3.2. Supermarkets 9.3.3. Online store 9.3.4. Others 10. North America Global Tofu Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Global Tofu Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 12. Canada Global Tofu Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 13. Mexico Global Tofu Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 14. Europe Global Tofu Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 15. Europe Global Tofu Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Global Tofu Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 17. France Global Tofu Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 18. Germany Global Tofu Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 19. Italy Global Tofu Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 20. Spain Global Tofu Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 21. Sweden Global Tofu Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 22. CIS Countries Global Tofu Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 23. Rest of Europe Global Tofu Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 24. Asia Pacific Global Tofu Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 25. Asia Pacific Global Tofu Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Global Tofu Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 27. India Global Tofu Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 28. Japan Global Tofu Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 29. South Korea Global Tofu Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 30. Australia Global Tofu Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 31. ASEAN Global Tofu Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 32. Rest of Asia Pacific Global Tofu Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 33. Middle East Africa Global Tofu Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 34. Middle East Africa Global Tofu Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Global Tofu Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 36. GCC Countries Global Tofu Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 37. Egypt Global Tofu Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 38. Nigeria Global Tofu Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 39. Rest of ME&A Global Tofu Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 40. South America Global Tofu Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 41. South America Global Tofu Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Global Tofu Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 43. Argentina Global Tofu Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 44. Rest of South America Global Tofu Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Distribution Channels, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Tofu Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Distribution Channels, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Pulmuone 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Hain Celestial Group 45.3.3. Sagamiya Foods 45.3.4. CJ CheilJedang 45.3.5. Zuming Bean Products 45.3.6. House Foods America Corporation 45.3.7. Morinaga Milk 45.3.8. Shanghai Tramy Green Food Group 45.3.9. Hangzhou Bean Food 45.3.10. Shenyang Fulai Food Industrial 45.3.11. Sunrise Soya Foods 45.3.12. Vitasoy International Holdings Limited 45.3.13. Kikkoman Corporation 45.3.14. Nasoya 45.3.15. Soyarich Foods 45.3.16. Invigorate Foods 45.3.17. Kong Kee Food 45.3.18. Other Key Players 46. Primary Key Insights