Press release
2023 Global Tempeh Market Size, Growth Drivers, Industry Trends, Share Analysis And Forecast To 2032
Tempeh Market
Tempeh Market Size, Growth Rate, And Forecast
The global tempeh market size grew from $4.93 billion in 2022 to $5.3 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The tempeh market size is expected to grow to $7.3 billion in 2027 at a CAGR of 8.3%.
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Tempeh Market Drivers
The increasing popularity and demand for the vegan diet is expected to drive the growth of the tempeh market in the coming years. A vegan diet excludes animal products such as fish, dairy, meat and eggs. Vegan and flexitarian diets are becoming more popular as the plant-based business has developed and people becoming more conscious of the difficulties surrounding meat production.
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Tempeh Market Segments
• By Product Type: Frozen, Fresh and Ready-to-eat
• By Nature: Organic and Conventional
• By Flavor: Plain, Herbs & Spice
• By Source: Soybean, Multigrain, Other Sources
• By Distribution Channel: Hypermarket, Specialty Retail, Convenience Stores, Traditional Groceries and Online Retailers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Tempeh market.
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Tempeh Market Key Players
Major competitors in the Tempeh market include Nutrisoy Pty Ltd., Mighty Bean Tempeh, Totally Tempeh, Margaret River Tempeh, Turtle Island Foods, Primasoy, Gwen Tempeh, Natural Oriental Fresh Foods BV.
The Business Research Company's "Global Tempeh Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Tempeh Market Include:
1. Executive Summary
2. Tempeh Market Characteristics
3. Tempeh Market Trends And Strategies
4. Tempeh Market - Macro Economic Scenario
5. Tempeh Market Size And Growth
.............
26. Africa Tempeh Market
27. Tempeh Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tempeh Market
29. Tempeh Market Future Outlook and Potential Analysis
30. Appendix
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