World Tofu Market - Forecast(2022 - 2027)

Report Code: FBR 93523 Report Format: PDF + Excel

Tofu Market Overview

Tofu market size is forecast to reach $3.1 billion by 2026, growing at a CAGR of 5.9% during the forecast period 2021-2026. Tofu is another name for bean curd which is produced by coagulating soy milk derived from soybeans, followed by pressurizing the resultant into solid blocks of different levels of softness, with the help of oxidative improving agent like lipoxygenase, and food additives mainly Glucono delta-lactone. With the growing incidence of consumers shifting to vegan diet worldwide, the consumption of tofu is gaining a lot of traction. Additionally, it is a rich source of plant protein as well as other nutrients which makes it an ideal substitute of milk products. It is also considered gluten-free which is set to further enhance the overall market developments of the Tofu Market for the period 2021-2026.

Tofu Market Report Coverage

The report:Tofu Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Tofu Market.

By Distribution Channel: Supermarkets/Hypermarkets, Grocery Stores, Online, and Specialty Stores
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • Asia Pacific dominated the Tofu Market in 2020 owing to the increasing consumer awareness regarding the health benefits of tofu. The Tofu market scope for different regions will be provided in the final report.
  • Tofu is very high in nutritive content, at par with milk products coupled with the growing number of consumers shifting to vegan diet are likely to aid the market growth of the Tofu Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Tofu Market report.
  • Extensive perishable rates of tofu and tofu based products is poised to create the hurdles for the Tofu Market.

Tofu Market Revenue Share, By Geography, 2020(%)

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Tofu Market Segment Analysis – By Distribution Channel

Supermarkets/Hypermarkets segment held the largest share in the Tofu Market in 2020 and is estimated to grow at a CAGR 5.2% during the forecast period 2021-2026. This is owing to the easy availability of products of various line-ups from different companies under one single roof. Due to low operating charges and high selling overheads, supermarkets can offer products at comparatively lesser price than its other counterparts. Additionally, there are a handful of hypermarkets which allow quality assurance of their products, thereby bolstering the growth of this segment. However, many established players are catering to online sales channels like Amazon and Alibaba, in order to boost sales, promote and market their products. With the penetration of internet in sub-urban and rural areas, it has become increasingly convenient. Online segment is estimated to register the higher CAGR over the period 2021-2026.

Tofu Market Segment Analysis – By Geography

Asia Pacific dominated the Tofu Market with a major share of 36.5% in 2020. This is attributed to the growing number of consumers including tofu in their diet mainly because of its health benefits, especially in some of the countries namely Japan, Vietnam, the Philippines, South Korea, Thailand, and Indonesia. Additionally, China is progressively growing in the soybean market and is one of the major exporters. This is likely to bolster the market growth of tofu and tofu-based products in this region.

However, Europe is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the growing number of consumers turning to vegan diet for health and wellness concerns. Rising awareness regarding animal cruelty because of which consumers are adopting vegan diet is also increasing the growth of the market in this region.

Tofu Market Drivers

Growing number of consumers shifting to vegan diet

Over the recent past, most of the major economies have witnessed a wide segment of their consumer base turning to vegan diet due to various reasons. The primary reason is the awareness regarding ill effects, like high cholesterol, blood pressure and cardiac arrest, of over consumption of animal products for a prolonged period of time. Moreover, due to growing awareness surrounding animal cruelty and behavior, a lot of consumers are adopting vegan diet, primarily due to ethical reasons. Thus, increasing the growth of the Tofu Market during the forecast period 2021-2026.

Very high in nutritive content

The main ingredient of tofu is soybean, which makes it very high in plant protein content. Tofu is also constituted of isoflavones like phytoestrogens that has both estrogen-agonist or estrogen-antagonist properties. These products when consumed on a regular basis helps to combat certain ailments like cancer and osteoporosis. Thus, increasing the growth of the Tofu Market during the forecast period 2021-2026.

Tofu Market Challenges

Perishable rate of tofu-based products

Some of the factors that are set to impede the growth of the Tofu market owing to the extensive perishable rate of tofu and tofu-based products. It needs to be consumed almost immediately which often makes it hard to store and preserve even for shorter durations of time.

Tofu Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Tofu Market. In 2020, the Tofu Market share is fragmented by the top ten players present in the market. The Tofu Market, top 10 companies are Hain Celestial, Hugli Holding Company, The Nisshin Oillio Group, Eden Foods, Morinaga & Company, Hugli Holding Company, and Vitasoy International Holdings among others.

Relevant Titles:

Yeast Market: Industry Analysis, Market Size, Share, Trends, Growth and Forecast 2021 - 2026

Report Code: FBR 0051

Plant Protein Ingredients Market:  Forecast (2021 - 2026)

Report Code: FBR 0063

For more Food and Beverage Market reports, please click here

1. Tofu Market- Overview
    1.1 Definitions and Scope
2. Tofu Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Distribution Channel
3. Tofu Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Tofu Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Tofu Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Tofu Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Tofu Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Tofu Market– By Distribution Channel(Market Size –$Million/$Billion)
    8.1 Supermarkets/Hypermarkets
    8.2 Grocery Stores
    8.3 Online
    8.4 Specialty Stores
9. Tofu Market- By Geography(Market Size –$Million/$Billion)
    9.1 North America
        9.1.1 U.S.
        9.1.2 Mexico
        9.1.3 Canada
    9.2 Europe
        9.2.1 U.K.
        9.2.2 France
        9.2.3 Germany
        9.2.4 Italy
        9.2.5 Spain
        9.2.6 Russia
        9.2.7 Rest of Europe
    9.3 Asia Pacific
        9.3.1 China
        9.3.2 India
        9.3.3 Japan
        9.3.4 South Korea
        9.3.5 Australia & New Zealand
        9.3.6 Rest of Asia Pacific
    9.4 South America
        9.4.1 Brazil
        9.4.2 Argentina
        9.4.3 Rest of South America
    9.5 Rest of the World
        9.5.1 Middle East
        9.5.2 Africa
10. Tofu Market- Entropy
11. Tofu Market– Industry/Segment Competition Landscape Premium
    11.1 Market Share Analysis
        11.1.1 Global Market Share – Key Companies
        11.1.2 Market Share by Region – Key companies
        11.1.3 Market Share by Countries – Key Companies
        11.1.4 Competition Matrix
        11.1.5 Best Practices for Companies
12. Tofu Market– Key Company List by Country Premium Premium
13. Tofu Market Company Analysis
    13.1 Company 1
    13.2 Company 2
    13.3 Company 3
    13.4 Company 4
    13.5 Company 5
    13.6 Company 6
    13.7 Company 7
    13.8 Company 8
    13.9 Company 9
    13.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Market by Vendors Market 2020-2025 ($M)
    1.1 Vendor Profile Market 2020-2025 ($M) - Global Industry Research
    1.2 Dynamic of Vendors Market 2020-2025 ($M) - Global Industry Research
2.Global Market by Type Market 2020-2025 ($M)
3.Global Market by End-Use / Application Market 2020-2025 ($M)
    3.1 Professional Needs Market 2020-2025 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2020-2025 ($M)
    4.1 Product and End-User / Application Market 2020-2025 ($M) - Global Industry Research
    4.2 Amy's Kitchen Market 2020-2025 ($M) - Global Industry Research
    4.3 Hugli Holding Company Market 2020-2025 ($M) - Global Industry Research
    4.4 Morinaga Market 2020-2025 ($M) - Global Industry Research
    4.5 Pulmuone Market 2020-2025 ($M) - Global Industry Research
    4.6 Vitasoy Market 2020-2025 ($M) - Global Industry Research
    4.7 House Foods Group Market 2020-2025 ($M) - Global Industry Research
    4.8 Kikkoman Market 2020-2025 ($M) - Global Industry Research
    4.9 San Jose Tofu Market 2020-2025 ($M) - Global Industry Research
    4.10 Eden Foods Market 2020-2025 ($M) - Global Industry Research
    4.11 The Nisshin OilliO Market 2020-2025 ($M) - Global Industry Research
    4.12 Tofurky Market 2020-2025 ($M) - Global Industry Research
5.Global Market by Vendors Market 2020-2025 (Volume/Units)
    5.1 Vendor Profile Market 2020-2025 (Volume/Units) - Global Industry Research
    5.2 Dynamic of Vendors Market 2020-2025 (Volume/Units) - Global Industry Research
    6.Global Market by Type Market 2020-2025 (Volume/Units)
7.Global Market by End-Use / Application Market 2020-2025 (Volume/Units)
    7.1 Professional Needs Market 2020-2025 (Volume/Units) - Global Industry Research
8.Global Key Manufacturers Market 2020-2025 (Volume/Units)
    8.1 Product and End-User / Application Market 2020-2025 (Volume/Units) - Global Industry Research
    8.2 Amy's Kitchen Market 2020-2025 (Volume/Units) - Global Industry Research
    8.3 Hugli Holding Company Market 2020-2025 (Volume/Units) - Global Industry Research
    8.4 Morinaga Market 2020-2025 (Volume/Units) - Global Industry Research
    8.5 Pulmuone Market 2020-2025 (Volume/Units) - Global Industry Research
    8.6 Vitasoy Market 2020-2025 (Volume/Units) - Global Industry Research
    8.7 House Foods Group Market 2020-2025 (Volume/Units) - Global Industry Research
    8.8 Kikkoman Market 2020-2025 (Volume/Units) - Global Industry Research
    8.9 San Jose Tofu Market 2020-2025 (Volume/Units) - Global Industry Research
    8.10 Eden Foods Market 2020-2025 (Volume/Units) - Global Industry Research
    8.11 The Nisshin OilliO Market 2020-2025 (Volume/Units) - Global Industry Research
    8.12 Tofurky Market 2020-2025 (Volume/Units) - Global Industry Research
9.North America Market by Vendors Market 2020-2025 ($M)
    9.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
    9.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
10.North America Market by Type Market 2020-2025 ($M)
11.North America Market by End-Use / Application Market 2020-2025 ($M)
    11.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
12.North America Key Manufacturers Market 2020-2025 ($M)
    12.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
    12.2 Amy's Kitchen Market 2020-2025 ($M) - Regional Industry Research
    12.3 Hugli Holding Company Market 2020-2025 ($M) - Regional Industry Research
    12.4 Morinaga Market 2020-2025 ($M) - Regional Industry Research
    12.5 Pulmuone Market 2020-2025 ($M) - Regional Industry Research
    12.6 Vitasoy Market 2020-2025 ($M) - Regional Industry Research
    12.7 House Foods Group Market 2020-2025 ($M) - Regional Industry Research
    12.8 Kikkoman Market 2020-2025 ($M) - Regional Industry Research
    12.9 San Jose Tofu Market 2020-2025 ($M) - Regional Industry Research
    12.10 Eden Foods Market 2020-2025 ($M) - Regional Industry Research
    12.11 The Nisshin OilliO Market 2020-2025 ($M) - Regional Industry Research
    12.12 Tofurky Market 2020-2025 ($M) - Regional Industry Research
13.South America Market by Vendors Market 2020-2025 ($M)
    13.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
    13.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
14.South America Market by Type Market 2020-2025 ($M)
15.South America Market by End-Use / Application Market 2020-2025 ($M)
    15.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
16.South America Key Manufacturers Market 2020-2025 ($M)
    16.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
    16.2 Amy's Kitchen Market 2020-2025 ($M) - Regional Industry Research
    16.3 Hugli Holding Company Market 2020-2025 ($M) - Regional Industry Research
    16.4 Morinaga Market 2020-2025 ($M) - Regional Industry Research
    16.5 Pulmuone Market 2020-2025 ($M) - Regional Industry Research
    16.6 Vitasoy Market 2020-2025 ($M) - Regional Industry Research
    16.7 House Foods Group Market 2020-2025 ($M) - Regional Industry Research
    16.8 Kikkoman Market 2020-2025 ($M) - Regional Industry Research
    16.9 San Jose Tofu Market 2020-2025 ($M) - Regional Industry Research
    16.10 Eden Foods Market 2020-2025 ($M) - Regional Industry Research
    16.11 The Nisshin OilliO Market 2020-2025 ($M) - Regional Industry Research
    16.12 Tofurky Market 2020-2025 ($M) - Regional Industry Research
17.Europe Market by Vendors Market 2020-2025 ($M)
    17.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
    17.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
18.Europe Market by Type Market 2020-2025 ($M)
19.Europe Market by End-Use / Application Market 2020-2025 ($M)
    19.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
20.Europe Key Manufacturers Market 2020-2025 ($M)
    20.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
    20.2 Amy's Kitchen Market 2020-2025 ($M) - Regional Industry Research
    20.3 Hugli Holding Company Market 2020-2025 ($M) - Regional Industry Research
    20.4 Morinaga Market 2020-2025 ($M) - Regional Industry Research
    20.5 Pulmuone Market 2020-2025 ($M) - Regional Industry Research
    20.6 Vitasoy Market 2020-2025 ($M) - Regional Industry Research
    20.7 House Foods Group Market 2020-2025 ($M) - Regional Industry Research
    20.8 Kikkoman Market 2020-2025 ($M) - Regional Industry Research
    20.9 San Jose Tofu Market 2020-2025 ($M) - Regional Industry Research
    20.10 Eden Foods Market 2020-2025 ($M) - Regional Industry Research
    20.11 The Nisshin OilliO Market 2020-2025 ($M) - Regional Industry Research
    20.12 Tofurky Market 2020-2025 ($M) - Regional Industry Research
21.APAC Market by Vendors Market 2020-2025 ($M)
    21.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
    21.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
22.APAC Market by Type Market 2020-2025 ($M)
23.APAC Market by End-Use / Application Market 2020-2025 ($M)
    23.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
24.APAC Key Manufacturers Market 2020-2025 ($M)
    24.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
    24.2 Amy's Kitchen Market 2020-2025 ($M) - Regional Industry Research
    24.3 Hugli Holding Company Market 2020-2025 ($M) - Regional Industry Research
    24.4 Morinaga Market 2020-2025 ($M) - Regional Industry Research
    24.5 Pulmuone Market 2020-2025 ($M) - Regional Industry Research
    24.6 Vitasoy Market 2020-2025 ($M) - Regional Industry Research
    24.7 House Foods Group Market 2020-2025 ($M) - Regional Industry Research
    24.8 Kikkoman Market 2020-2025 ($M) - Regional Industry Research
    24.9 San Jose Tofu Market 2020-2025 ($M) - Regional Industry Research
    24.10 Eden Foods Market 2020-2025 ($M) - Regional Industry Research
    24.11 The Nisshin OilliO Market 2020-2025 ($M) - Regional Industry Research
    24.12 Tofurky Market 2020-2025 ($M) - Regional Industry Research
25.MENA Market by Vendors Market 2020-2025 ($M)
    25.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
    25.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
26.MENA Market by Type Market 2020-2025 ($M)
27.MENA Market by End-Use / Application Market 2020-2025 ($M)
    27.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
28.MENA Key Manufacturers Market 2020-2025 ($M)
    28.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
    28.2 Amy's Kitchen Market 2020-2025 ($M) - Regional Industry Research
    28.3 Hugli Holding Company Market 2020-2025 ($M) - Regional Industry Research
    28.4 Morinaga Market 2020-2025 ($M) - Regional Industry Research
    28.5 Pulmuone Market 2020-2025 ($M) - Regional Industry Research
    28.6 Vitasoy Market 2020-2025 ($M) - Regional Industry Research
    28.7 House Foods Group Market 2020-2025 ($M) - Regional Industry Research
    28.8 Kikkoman Market 2020-2025 ($M) - Regional Industry Research
    28.9 San Jose Tofu Market 2020-2025 ($M) - Regional Industry Research
    28.10 Eden Foods Market 2020-2025 ($M) - Regional Industry Research
    28.11 The Nisshin OilliO Market 2020-2025 ($M) - Regional Industry Research
    28.12 Tofurky Market 2020-2025 ($M) - Regional Industry Research

LIST OF FIGURES

1.US World Tofu Market Revenue, 2020-2025 ($M)
2.Canada World Tofu Market Revenue, 2020-2025 ($M)
3.Mexico World Tofu Market Revenue, 2020-2025 ($M)
4.Brazil World Tofu Market Revenue, 2020-2025 ($M)
5.Argentina World Tofu Market Revenue, 2020-2025 ($M)
6.Peru World Tofu Market Revenue, 2020-2025 ($M)
7.Colombia World Tofu Market Revenue, 2020-2025 ($M)
8.Chile World Tofu Market Revenue, 2020-2025 ($M)
9.Rest of South America World Tofu Market Revenue, 2020-2025 ($M)
10.UK World Tofu Market Revenue, 2020-2025 ($M)
11.Germany World Tofu Market Revenue, 2020-2025 ($M)
12.France World Tofu Market Revenue, 2020-2025 ($M)
13.Italy World Tofu Market Revenue, 2020-2025 ($M)
14.Spain World Tofu Market Revenue, 2020-2025 ($M)
15.Rest of Europe World Tofu Market Revenue, 2020-2025 ($M)
16.China World Tofu Market Revenue, 2020-2025 ($M)
17.India World Tofu Market Revenue, 2020-2025 ($M)
18.Japan World Tofu Market Revenue, 2020-2025 ($M)
19.South Korea World Tofu Market Revenue, 2020-2025 ($M)
20.South Africa World Tofu Market Revenue, 2020-2025 ($M)
21.North America World Tofu By Application
22.South America World Tofu By Application
23.Europe World Tofu By Application
24.APAC World Tofu By Application
25.MENA World Tofu By Application