Global Tofu and Tofu Ingredients By Product (Processed and Unprocessed), Distribution Channel (Supermarkets and Hypermarkets, Grocery Stores, Online, Specialty Stores and Others), Ingredients (Soybeans, Water and Coagulants), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Tofu and Tofu Ingredients Market
Data Bridge Market Research analyses that the global tofu and tofu ingredients market will project a CAGR of 4.34% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, growth in the initiatives and campaigns to promote awareness in regards to animal slaughter, rising consumer consciousness towards consumption of healthy products containing high nutritional value and growing personal disposable income by the major companies are the major factors attributable to the growth of tofu and tofu ingredients market.
Tofu is made out of soy beans where the soy beans are generally boiled, crushed and soaked in water. Tofu is generally flavorless in nature and is rich in calcium, iron, potassium and also has high content of protein. Therefore, tofu and tofu ingredients are beneficial on consumption for the humans as they reduce the risks of many diseases such as heart attacks, decrease prostate cancer and fight diabetes.
Growth and expansion of food and beverages industry, and rising awareness about the health benefits of tofu are the major factors fostering the growth of the tofu and tofu ingredients market. Growing prevalence of diabetic population globally, rising concerns related to animal cruelty and slaughter and ever-rising vegan population are other important factors acting as tofu and tofu ingredients market growth determinants. Improving distribution channel, growth in the popularity of e-commerce channels to purchase fresh food items and surging consumer demand for premium products will further induce growth in the tofu and tofu ingredients market value. Also, rising urbanization and increasing personal disposable income will further carve the way for the growth of tofu and tofu ingredients market.
However, risks associated with the high intake of tofu such as breast cancer will pose a major challenge to the growth of the tofu and tofu ingredients market. Presence of flavouring agents and sodium in tofu products will further restrict the scope of growth for the tofu and tofu ingredients market. Also, availability of substitute products and perishable nature of tofu will also derail the tofu and tofu ingredients market growth rate.
This tofu and tofu ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on tofu and tofu ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Tofu and Tofu Ingredients Market Scope and Market Size
The tofu and tofu ingredients market is segmented on the basis of product, distribution channel and ingredients. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the global tofu and tofu ingredients market is segmented into processed and unprocessed.
- On the basis of distribution channel, the tofu and tofu ingredients market is segmented into supermarkets and hypermarkets, grocery stores, online, specialty stores and others.
- On the basis of ingredients, the global tofu and tofu ingredients market is segmented into soybeans, water and coagulants. Coagulants segment is sub-segmented into calcium sulfate, magnesium chloride, delta gluconolactone and seasonings.
Tofu and Tofu Ingredients Market Country Level Analysis
The tofu and tofu ingredients market is analyses and market size, volume information is provided by country, product, distribution channel and ingredients as referenced above.
The countries covered in the tofu and tofu ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the tofu and tofu ingredients market and will continue to excel its dominance during the forecast period owing to the growth and expansion of food and beverages industry in this region. Asia-Pacific is set to continue to undergo substantial gains owing to increasing awareness about animal cruelty, growing vegan population, globalization, westernization, changing lifestyle, and increasing personal disposable income.
The country section of the tofu and tofu ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Tofu and Tofu Ingredients Market Share Analysis
The tofu and tofu ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to tofu and tofu ingredients market.
The major players covered in the tofu and tofu ingredients market report are Hain Celestial, House Foods America Corporation., Pulmuone Foods USA, Vitasoy International Holdings Limited., Tofurky, Eden Foods, MORINAGA & CO., LTD., Kikkoman Corporation., Amy's Kitchen, Inc., Schouten, 'Ai' Premium Tofu Mfg.Co.LLP, Soyarich Foods – Tofu, Nasoya Foods USA, LLC, Tonzu, INVIGORATE FOODS, Surata Soyfoods Inc, Bio Nutrients (India) Pvt.Ltd, Marlow Foods Limited, and Kong Kee Food Corp. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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