Tempeh Market to Observe Prominent CAGR Growth of 15.50 % by 2029, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook

The worldwide Tempeh Market report is the best to know the trends and opportunities in Tempeh Market industry. In this report, several aspects about the market research and analysis for the Tempeh Market industry have been underlined. This marketing report also endows with the information, statistics, facts and figures which are very helpful for the companies to maximize or minimize the production of goods depending on the states of demand. With the competitive analysis of the major players in the market, the wide ranging Tempeh Market business report lends a hand to businesses in taking better moves for improving their product and sales.

To Gain More Insights about this Research, Visit https://www.databridgemarketresearch.com/reports/global-tempeh-market

Various meat-related diseases have influenced people's dietary and culinary preferences for meat products, particularly those containing red meat. On the contrary, demand for meat substitutes such as tempeh has been steadily increasing in recent years.

Data Bridge Market Research analyses that the tempeh market was valued at a USD 133 million in 2021 is expected to reach the value of USD 421.22 million by 2029, at a CAGR of 15.50 % during the forecast period of 2022-2029.

Market Definition

Tempeh is made by fermenting soybeans and using the fungus Rhizopus oligosporus. It is a fermented soy cake product that can be eaten as a snack or with rice in regular meals. It has a high nutritional value and is commonly used in vegetarian cuisines around the world. Furthermore, tempeh contains high levels of vitamins B2, B6, B3, and B5, as well as phosphorus, magnesium, fibre, calcium, iron, protein, and other nutrients. Tempeh is the most popular and widely available product on the market, and it is also the best substitute for meat-based products and meat.

Some of the major players operating in the tempeh market are:

Beyond Meat (U.S.)
Impossible Foods Inc. (U.S.)
Danone SA (France)
Garden Protein International, Inc. (Canada)
Amy's Kitchen Inc. (U.S.)
Plamil Foods Ltd. (U.K.)
The Hain Celestial Group, Inc. (U.S.)
Sahmyook Foods (South Korea)
Sanitarium Health and Wellbeing Company (Australia)
Axiom Foods (U.S.)
Daiya Foods Inc. (Canada)
Earth's Own Food Company Inc. (Canada)
Lightlife Foods, Inc. (U.S.)
Marlow Foods Ltd. (U.K.)
Taifun -Tofu GmbH (Germany)
Atlantic Natural Foods LLC (U.S.)
VBIte Foods Ltd (U.K.)
Nutrisoy Pty Ltd. (Australia)

Drivers

Rising demand from the various end user industries

Tempeh is becoming more popular in both developed and developing countries due to the numerous health benefits it provides, including the ability to build a stronger immune system, increase antibodies, reduce sugar, regulate appetite, lower cholesterol levels, and improve muscle growth. This is a key factor that is expected to drive global market growth during the forecast period. Furthermore, rising tempeh consumption among health-conscious individuals and rising tempeh availability in various distribution channels such as hypermarkets or supermarkets, e-commerce, convenience stores, and others around the world. These are the major factors expected to support the target market's growth over the forecast period.

Rising working population globally as well as rise in busy lifestyle

Growing demands for ready-to-eat tempeh among individuals due to busy lifestyles, as well as an increase in the number of working population globally, resulting in increased demand for tempeh globally, are other factors expected to drive global market growth. Furthermore, rising lactose intolerance among individuals and an increasing vegan population worldwide, resulting in increased demand for tempeh, are among the other factors expected to boost target market growth.

Global Tempeh Market Scope

The tempeh market is segmented on the basis of source, nature, flavour, product type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

Soybean
Multigrain
Others

Nature

Organic
Conventional

Flavour

Plain
Herbs
Spice

Product type

Frozen
Fresh
Ready-to-Eat

Distribution channel

Direct
Indirect

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