Global Tofu Market Anticipates Remarkable Growth, Estimated to Reach USD 371.99 Billion by 2029

12.09.2023 : Tofu Market Report Scope and Research Methodology

The Global Tofu Market is experiencing a substantial surge, poised to reach USD 371.99 billion by 2029. This in-depth report provides comprehensive insights into market dynamics, covering key drivers, restraints, and regional trends.

The study incorporates a robust research methodology, factoring in the impact of COVID-19 lockdowns on market dynamics. The report addresses short-term and long-term impacts, guiding stakeholders in crafting region-specific strategies.

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What are Tofu Market Dynamics?

Drivers: The surge in veganism and health-conscious consumer behavior is fueling the global tofu market. Tofu's high nutritional value, including calcium, iron, and being gluten-free, makes it a favored choice among consumers.

Restraints: Excessive consumption of tofu may lead to thyroid and breast tumors. Individuals with estrogen-sensitive breast tumors are advised to limit tofu intake.

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What is Tofu Market Segmentation?

Product Types: Processed tofu holds the majority share, accounting for 86% of the market. It offers extended shelf life and is favored by the food and beverage industry. Unprocessed tofu, made from organic soy, constitutes a smaller segment.
Applications: The food and beverage industry dominates the market with a 68% share. Tofu is a staple in various local and continental cuisines, especially in East Asia, Japan, and Korea.
Distribution Channels: Supermarkets account for 65% of tofu sales due to a robust supply chain and a wide variety of options. Online sourcing of tofu is witnessing significant growth, particularly in urbanized areas.
by Product

Processed Tofu
Unprocessed Tofu

by Application

Food Industry
Domestic
Others

by Distribution Channels

Direct Sales
Supermarkets
Online store
Others

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Who are Tofu Market Key Players?

1.Pulmuone
2. Hain Celestial Group
3.Sagamiya Foods
4. CJ CheilJedang
5. Zuming Bean Products
6. House Foods America Corporation
7. Morinaga Milk
8. Shanghai Tramy Green Food Group
9. Hangzhou Bean Food
10. Shenyang Fulai Food Industrial
11. Sunrise Soya Foods
12. Vitasoy International Holdings Limited
13. Kikkoman Corporation
14. Nasoya
15. Soyarich Foods
16. Invigorate Foods
17. Kong Kee Food

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Table of content for the Tofu Market includes:

Part 01: Executive Summary

Part 02: Scope of the Tofu Market Report

Part 03: Global Tofu Market Landscape

Part 04: Global Tofu Market Sizing

Part 05: Global Tofu Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

Asia Pacific: Dominates the market with a share of 56.3%, driven by strong contributions from East Asian countries like Japan, Korea, China, Thailand, Philippines, and India. Tofu has deep-rooted cultural significance in this region.
Europe and North America: Witnessing substantial growth due to the increasing number of vegan consumers and heightened demand in Western countries. Tofu-based products hold a significant share in the global meat substitute market.
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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