Tofu Market Global Market Demand, Opportunities, Top Key Players and Forecast to 2027

 Market Forecast

In 2020, the global tofu market 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 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.

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

Growing demand for Organic Tofu Market : Demand for organic tofu Market 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.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.