IMARC Group has recently released a new research study titled “Tofu Market Report by Product (Processed Tofu, Unprocessed Tofu), Type (Organic, Conventional), Application (Hotels, Restaurants and Catering, Food Processing, Household, and Others), Distribution Channel (Direct Sales, Supermarkets and Hypermarkets, Convenience Stores, Specialist Stores, Online Stores, and Others), and Region 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 much is the tofu market worth?
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, is a protein-rich food made from condensed soy milk that is then pressed into solid blocks. It is a highly versatile product that is used in a variety of dishes, ranging from savory to sweet, and can be fried, steamed, or eaten raw. Tofu is a significant source of amino acids, and it contains essential nutrients like calcium and magnesium. It comes in various forms, such as silken, soft, firm, and extra-firm, each serving distinct culinary needs. Additionally, tofu is available in fortified versions that are enhanced with vitamins like B12 and D, making it even more nutritious.
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Tofu Market Growth, Demand and Future Trends:
The growing emphasis on health and wellness is propelling the demand for tofu. Its high protein content and low fat make it popular among vegetarians, vegans, and health-conscious consumers alike, driving its market growth. Moreover, the increasing prevalence of lactose intolerance and the growing trend toward plant-based diets are further fueling demand.
Tofu's versatility in culinary applications is another significant factor contributing to its market expansion. Manufacturers are introducing flavored and ready-to-eat tofu varieties that cater to the fast-paced lifestyles of modern consumers. In addition to this, research and development efforts are focusing on improving the texture and taste of tofu, widening its appeal.
The availability of organic and non-GMO tofu products is attracting consumers who are wary of genetically modified foods, thereby boosting the market. Additionally, innovative packaging that extends shelf life is supporting market growth.
Other factors, such as the environmental benefits of soy cultivation compared to animal farming and the rising availability of tofu in mainstream grocery stores, are contributing to the sustained growth of the tofu market globally.
Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
Major Players Covered:
Eden Foods Inc.
House Foods Group
Morinaga & Company
The report has segmented the global tofu market on the basis of product, type, application, distribution channel and region.
Breakup by Product:
• Unprocessed Tofu
Breakup by Type:
Breakup by Application:
Hotels, Restaurants and Catering
• Food Processing
Breakup by Distribution Channel:
• Supermarkets and Hypermarket
• Convenience Stores
• Specialist Stores
• Online Stores
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Middle East and Africa
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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