Tofu Market Poised for Growth Projected to Reach $391.33 Billion by 2030 at a 5.2% CAGR

𝐓𝐨𝐟𝐮 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The global tofu market has experienced significant growth, driven by increasing consumer demand for plant-based protein and a shift toward healthier lifestyles. The market size was valued at USD 274.43 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030, reaching nearly USD 391.33 billion by 2030.

This press release highlights country-specific data, including key mergers and acquisitions and the latest developments, focusing on regions such as Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/111769/

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is emerging as a significant player in the tofu market due to its traditional consumption patterns and a rising vegan trend. Recent developments include the entry of 𝐕𝐢𝐬𝐬𝐚𝐧 and other local companies investing in tofu production to meet rising demand. Additionally, the Vietnamese government's support for plant-based protein alternatives is expected to foster growth.

𝐓𝐨𝐟𝐮 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's tofu market is witnessing an upswing, thanks to increased health awareness and the popularity of vegan diets. Key players like 𝐂𝐏 𝐅𝐨𝐨𝐝𝐬 have been focusing on innovative tofu products tailored to Thai cuisine. Mergers and acquisitions, such as 𝐁𝐞𝐭𝐚𝐠𝐫𝐨 𝐆𝐫𝐨𝐮𝐩'𝐬 acquisition of regional tofu brands, are consolidating the market.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐓𝐨𝐟𝐮 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan remains a dominant market for tofu due to its cultural affinity for soy-based products. Leading companies like 𝐌𝐚𝐫𝐮𝐬𝐚𝐧-𝐀𝐢 𝐂𝐨., 𝐋𝐭𝐝. are introducing organic and fortified tofu variants to cater to health-conscious consumers. Recent acquisitions of smaller tofu manufacturers by 𝐇𝐨𝐮𝐬𝐞 𝐅𝐨𝐨𝐝𝐬 𝐆𝐫𝐨𝐮𝐩
have bolstered industry dynamics.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/111769/

𝐓𝐨𝐟𝐮 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's tofu market is benefiting from increasing investments by companies like 𝐏𝐮𝐥𝐦𝐮𝐨𝐧𝐞 𝐂𝐨., 𝐋𝐭𝐝., which has expanded its tofu portfolio with premium organic products. Partnerships with global retailers and foodservice providers are creating new growth avenues. A recent merger between 𝐂𝐡𝐮𝐧𝐠 𝐉𝐮𝐧𝐠 𝐎𝐧𝐞 and a local tofu producer has further strengthened market positioning.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞'𝐬 𝐓𝐨𝐟𝐮 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Singapore is experiencing rising demand for tofu due to its diverse culinary applications and growing interest in sustainable eating. 𝐓𝐚𝐲'𝐬 𝐅𝐨𝐨𝐝𝐬 has launched new tofu-based ready-to-eat meals, capturing health-conscious urban consumers. Key developments include partnerships between tofu producers and major supermarkets like 𝐍𝐓𝐔𝐂 𝐅𝐚𝐢𝐫𝐏𝐫𝐢𝐜𝐞.

𝐓𝐨𝐟𝐮 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The US tofu market is thriving due to the surge in veganism and flexitarian diets. Companies like 𝐇𝐚𝐢𝐧 𝐂𝐞𝐥𝐞𝐬𝐭𝐢𝐚𝐥 𝐆𝐫𝐨𝐮𝐩 and 𝐓𝐨𝐟𝐮𝐫𝐤𝐲 are expanding their product lines, emphasizing organic and GMO-free tofu. Recent acquisitions, such as 𝐍𝐚𝐬𝐨𝐲𝐚 𝐅𝐨𝐨𝐝𝐬 by 𝐏𝐮𝐥𝐦𝐮𝐨𝐧𝐞 𝐂𝐨., 𝐋𝐭𝐝., underscore the market's consolidation efforts.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/111769/

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐟𝐨𝐫 𝐓𝐨𝐟𝐮 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's tofu market is poised for rapid growth, fueled by increasing adoption of plant-based diets and supportive regulations. 𝐀𝐥𝐩𝐫𝐨, a major European player, is expanding its tofu production facilities. Key mergers include 𝐃𝐚𝐧𝐨𝐧𝐞'𝐬 acquisition of a local tofu producer to strengthen its portfolio in the region.

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐓𝐨𝐟𝐮 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Globally, the tofu market is evolving with innovative product launches, sustainable packaging, and fortified variants. Companies like 𝐌𝐨𝐫𝐢-𝐍𝐮 𝐓𝐨𝐟𝐮 are leading the charge with advancements in manufacturing processes and product innovation.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/market-report/global-tofu-market/111769/

𝐓𝐨𝐟𝐮 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Processed Tofu
Unprocessed Tofu

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Food Industry
Domestic
Others

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬

Direct Sales
Supermarkets
Online store
Others

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

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐖𝐡𝐚𝐭'𝐬 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠:

♦ India Food Additives Market https://www.maximizemarketresearch.com/market-report/india-food-additives-market/21469/

♦ Global Fermented Beverages Market https://www.maximizemarketresearch.com/market-report/global-fermented-beverages-market/97972/

♦ Jelly Pudding Market https://www.maximizemarketresearch.com/market-report/jelly-pudding-market/228958/

♦ Australia Nutritional Supplements Market https://www.maximizemarketresearch.com/market-report/australia-nutritional-supplements-market/225042/

♦ India Cocoa Butter Market https://www.maximizemarketresearch.com/market-report/india-cocoa-butter-market/46333/

♦ Mexico Nutritional Supplements Market https://www.maximizemarketresearch.com/market-report/mexico-nutritional-supplements-market/225062/

♦ Global Perilla Leaf Extract Market https://www.maximizemarketresearch.com/market-report/global-perilla-leaf-extract-market/110040/

♦ Global Baking Enzymes Market https://www.maximizemarketresearch.com/market-report/global-baking-enzymes-market/78754/

♦ Hops Market https://www.maximizemarketresearch.com/market-report/hops-market/200296/

♦ Global Leavening Agents Market https://www.maximizemarketresearch.com/market-report/global-leavening-agents-market/112423/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.