The global tofu market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period. Tofu has gained high popularity as an ingredient in many end-use applications due to its usage as an alternative for other milk products. Rapidly rising people's concern regarding animal welfare, personal health, and sustainability is driving a shift in consumer interest from animal to plant-based products. Animal-derived protein consumption is associated with high cholesterol, fat, and calorie levels, which increase the risk of cardiac disease, high blood sugar levels, and obesity; thus, people are inclined toward vegan protein sources. Such factors have considerably increased the pace of the tofu market's expansion. Furthermore, the young consumers are opting for an alternative to red meat, however they are not ready to give up protein; thus, they are switching to plant-based protein products, such as tofu and others, which is boosting the key market players to develop and launch plant-based tofu globally. For instance,
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/tofu-market
• In 2021, Tofoo Company launched UK's first frozen tofu, Tofoo Chunkies, to increase the consumer reach and accessibility to various tofu products.
• In 2021, House Foods Group invested in building a 350,000-sq-ft manufacturing plant for the production of tofu and tofu-based products for US consumers owing to increasing demand.
• in 2019, Japan-based food manufacturer Invigorate Foods invested over USD 8 million in India to boost its soy-based product offerings in the country. In the same year, the company launched a product Genki-Ya Tofu, made of fresh soy milk extracts.
• In 2019, Invigorate Foods spent around USD 8 million in the Indian market. The company also launched a product called GenkiYa Tofu.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Product
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- House Foods Group, Moringa & Co., Pulmuone Co., The Tofoo Co., Keystone Natural Holdings, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Tofu Market– Segmentation
By Type
By Product
By Distribution Channel
Global Tofu Market by Region
North America
• US
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/tofu-market