Tofu Market Analysis (2021-2027) Research Covers Top Players, Segment, Statistics and Forecast Report
Market
Forecast
In
2020, the global Tofu Market Analysis was valued at USD 1,219.7
million and is expected to register a CAGR of 6.3% between
2021 and 2028.
Tofu,
also known as bean curd, is a food prepared by coagulating soy milk and
pressing the resulting curds into solid white blocks of varying softness. There
are various types of tofu available in the market. Most common types of tofu
are silken, soft, medium, firm, extra firm, and super firm. Silken tofu is the
most common type of tofu and are used in application such as dressings, sauces,
smoothies and yogurt or egg substitutions.
Tofu
Market Analysis is experiencing an exponential growth rate since last couple of
years. Increasing awareness regarding its health benefits have prompted its
substantial demand in last couple of years. Tofu is a good source of protein
for vegetarian and vegan diets. They also prove to be good alternative source
of meat. Many studies suggest that the consumption of tofu is effective in
controlling cardiovascular diseases. It also proved to be effective in
controlling type 2 diabetes, kidney diseases, as well as osteoporosis. Growing
awareness of such health benefits of tofu has resulted in rising popularity
across the globe. Another key factor fueling the growth of the market is the
rising popularity of international cuisines such as Douhua, Chanpurū, and
Sapotahu with seafood, among others.The usage of tofu across multiple cuisines
owing to its effectiveness in absorbing flavors from spices, seasoning, sauces,
and marinades has further resulted in increasing its usage amongthe consumers.
Furthermore, the rising trend of vegan food consumption has helped in making
tofu a great alternative source of protein. Increasing health consciousness
owing to various lifestyle disorders have prompted the growth of veganism. This
has subsequently led to the growth of the Tofu
Market Analysis.
Additionally,
the outbreak of COVID-19 has resulted in a surge in demand for tofu across the
globe. Owing to the lockdown restrictions, the sudden scarcity of meat has
resulted in steep increase in demand for tofu worldwide. As tofu is a good
source of protein, it became a mainstream alternative of meat during the pandemic
days. According to Plant Based Foods Association (PBFA), sales of all
plant-based food including tofu has witnessed a surge in sales of over 90% in
US during March end, 2020 compared to the previous year. In UK, sales of tofu
have increased by over 80% post Covid-19 lockdown, according to MRFR analysis.
Many food-based e-commerce channels have witnessed surge in sales of tofu and
other plant-based food products. However, this surge is relatively for a small
period of time till lockdown eases.
Key
Players
- Hain
Celestial Group (US)
- House
Foods Group Inc. (Japan)
- Moringa
& Co. (France)
- Vitasoy
International Holdings (US)
- Pulmuone
Co., Ltd. (South Korea)
- Eden
Foods, Inc. (US)
- The
Nisshin Oillio Group, Ltd. (Japan)
- Kikkoman
Corporation (Japan)
- Bell
Food Group (Switzerland)
- Dean
Foods (US)
Market
USP
Increasing
demand for healthy source of protein alternatives
Access full report @ https://www.marketresearchfuture.com/reports/tofu-market-10545
Growth
Opportunities in the Market
Growing
demand for Organic Tofu:Demand for organic tofu across the globe
is increasing for numerous reasons. Rising awareness regarding the harmful
effects of pesticides and fertilizers is pushing towards the growth of organic
tofu. Additionally, increasing trend of “Go Vegan” and plant-based food,
especially among European and American population is thriving the organic tofu
growth since lastcouple of years.
Easy
Availability of tofuin Store-Based distribution channels:The easy
accessibility of tofu in store-based distribution channels has resulted in its
dominance. Additionally, the increasing number of store-based channels for sale
and purchase of tofu worldwide, such as supermarkets and hypermarkets and convenience
storesas well as several other local stores, have resulted in the dominance of
store-based distribution channels.However, during the COVID-19 outbreak,
individuals prefer online purchases. E-commerce companies are also providing
discounts and various options to promote a healthy and safer way of purchases
during this tough times.
Contact
us:
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Research Future (part of Wantstats Research and Media Private
Limited),
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Hudson Street,5Th Floor, New York,
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States of America
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