Tofu Market
Tofu Market Size, Share & Trends Analysis Report by Type (Organic and Conventional), by Product (Processed Tofu and Unprocessed Tofu), and by Distribution Channel (Supermarket/ Hypermarkets, Convenience Store, and Online Retailers) Forecast Period (2022-2028)
Tofu market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The major factor attributed to the growing demand for tofu is its predominant usage as a high protein source and vegetarian alternative to meat and dairy products. Due to its lack of cholesterol, tofu is considered an excellent source of calcium and iron. The rising prevalence of obesity, high blood sugar, and heart disease linked to animal protein consumption is compelling people to alter their dietary habits. In addition, rising awareness of sustainability, personal health, and animal welfare will drive tofu market growth in the coming years. Many people are also shifting toward vegetarian protein sources due to the high fat and calorie content of animal protein. Furthermore, rising veganism adoption around the world is expected to boost growth.
Segmental Outlook
The global tofu market is segmented based on type, product, and distribution channel. Based on type, the market is segmented into organic and conventional. Based on product, the market is sub-segmented into processed and unprocessed. Based on the distribution channel, the market is bifurcated into supermarket/hypermarkets, convenience stores, online retailers, and others. Among the product segment, the processed tofu sub-segment is anticipated to old a considerable share of the market. Tofu is processed to offer longer shelf life and reduce spoilage. Domestic consumption of processed tofu is also high due to its various advantages and affordability. Unprocessed tofu are made from organic soy and the unfertilized process, which is more expensive option with lower demand due to the tendency for early wastage.
Among the type, the organic sub-segment is anticipated to cater to a resonable market growth over the forecast period. Tofu is used in the preparation of a wide range of foods, including burgers, hot dogs, sauces, ice cream, shakes, and desserts. Growing consumer preference for high-quality products is expected to have a significant impact on demand for organic tofu. Among the most popular product varieties are extra firm, firm, silken, sprouted super firm, and cubed super firm tofu.
Regional Outlooks
The global tofu market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, the Asia-Pacific region is anticipated to grow at the fastest rate followed by the North America region. The major factors that drive the global tofu market in the North American region is the population converting to vegan and as an alternative choose the plant-based products.
Global Tofu Market, by Region 2021-2028
The Asia-Pacific Region is Anticipated to Witness a Considerable Growth in Global Tofu Market
The Asia-Pacific region is anticipated to witness a considerable CAGR in the global tofu market. The primary factor contributing to the regional growth includes the growing consumer awareness about the health benefits of the product. Japan was the largest regional consumer as a result of the easy access to the product due to the presence of a large number of manufacturers in the country. Further, the US-based food manufacturers have started offering packaged tofu in Japan to meet high product demand. China is also considered one of the key markets due to high concentration of middle-income age groups. Key market manufacturers operating in China includes Hangzhou Huayuan Bean Food Co. Ltd., Hebei Gaobeidian DouDou Food (Group) Co. Ltd., Jiaxing Jiajiale Foods Co. Ltd., and Shanghai Xuyang Green Food Co. Ltd. Thus, these Southeast Asian countries creates around 50 % of the global demand for tofu. For instance, in April 2019, Invigorate Foods launches ‘Genki- Ya Tofu’ in India. Invigorate Foods is planning to invest INR 600 million in the next three years in plant, equipment, and other capital goods required for manufacturing soya milk products in India.
Market Players Outlook
The major companies serving the global tofu market are House Foods Group, Moringa & Co., Pulmuone Co., The Tofoo Co., Keystone Natural Holdings, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Canada’s Big Mountain Foods launched tofu made with fava beans instead of soy. The new product is the result of six years of development and is said to function and taste just like medium-firm soy tofu.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cardiology surgery, devices, and drug market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. House Foods Group
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Morinaga & Co.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Pulmuone Co.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. The Tofoo Co.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Keystone Natural Holdings
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Tofu Market by Type
4.1.1. Organic
4.1.2. Conventional
4.2. Global Tofu Market by Product
4.2.1. Processed Tofu
4.2.2. Unprocessed Tofu
4.3. Global Tofu Market Market by Distribution Channel
4.3.1. Supermarkets/ Hypermarkets
4.3.2. Convenience Stores
4.3.3. Online Retailers
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amy's Kitchen
6.2. CJ CheilJedang
6.3. Eden Foods
6.4. Hain Celestial Group
6.5. Hangzhou Bean Food
6.6. Invigorate Foods
6.7. Kikkoman Corp.
6.8. Kong Kee Food
6.9. Nasoya
6.10. Sagamiya Foods
6.11. Shanghai Tramy Green Food Group
6.12. Shenyang Fulai Food Industrial
6.13. Soyarich Foods
6.14. Sunrise Soya Foods
6.15. Taifun-Tofu
6.16. Tofurky
6.17. Vitasoy International Holdings Ltd.
6.18. Zuming Bean Products
1. GLOBAL TOFU MARKET MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL ORGANIC TOFU MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL CONVENTIONAL TOFU MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL TOFU MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
5. GLOBAL PROCESSED TOFU MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL UNPROCESSED TOFU MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL TOFU MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
8. GLOBAL TOFU IN SUPERMARKETS/HYPERMARKETS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL TOFU IN CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL TOFU IN ONLINE RETAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL TOFU MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. NORTH AMERICAN TOFU MARKET MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN TOFU MARKET MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN TOFU MARKET MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
15. NORTH AMERICAN TOFU MARKET MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL INDUSTRY, 2021-2028 ($ MILLION)
16. EUROPEAN TOFU MARKET MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN TOFU MARKET MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN TOFU MARKET MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
19. EUROPEAN TOFU MARKET MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL INDUSTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC TOFU MARKET MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC TOFU MARKET MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC TOFU MARKET MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC TOFU MARKET MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL INDUSTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD TOFU MARKET MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD TOFU MARKET MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD TOFU MARKET MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
27. REST OF THE WORLD TOFU MARKET MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL INDUSTRY, 2021-2028 ($ MILLION)
1. GLOBAL TOFU MARKET MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL ORGANIC TOFU MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL CONVENTIONAL TOFU MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL TOFU MARKET MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
5. GLOBAL PROCESSED TOFU MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL UNPROCESSED TOFU MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL TOFU MARKET MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
8. GLOBAL TOFU IN SUPERMARKETS/HYPERMARKETS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL TOFU IN CONVENIENCE STORES MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL TOFU IN ONLINE RETAILERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL TOFU MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. US TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
14. UK TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD TOFU MARKET MARKET SIZE, 2021-2028 ($ MILLION)
