Press release
Tempeh Global Market Report 2025: Market Size Growth Drivers, Trends, and Key Players
Tempeh Market Forecast
What Is The Projected Market Size Of The Global Tempeh Global Market Report 2025 And Its Growth Rate?
• The tempeh market size will grow from $5.71 billion in 2024 to $6.15 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%.
• Major growth drivers in the historic period include rising plant-based diets, growing health consciousness, culinary diversity, and sustainable consumption.
• The market is projected to significantly expand in the coming years, reaching $8.71 billion in 2029 at a CAGR of 9.1%.
• The anticipated growth in the forecast period is linked with the continued plant-based movement, global cuisine integration, health trends, innovative product offerings, and retail expansion.
What Is Driving The Growth In The Tempeh Global Market Report 2025?
The rising popularity and demand for the vegan diet are major factors propelling the growth of the tempeh market. A surge in vegan and flexitarian diets and increasing consumer consciousness about the challenges of meat production have led to increased demand for meat substitutes like tempeh which provide high levels of calcium and protein. For instance, the Plant Based Foods Association reported in 2023 that plant-based food sales grew by 6.6% in 2022, up from 5.9% in 2021, indicating the growing inclination towards plant-based diet that drives the tempeh market growth.
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Who are the Key Players Driving Tempeh Global Market Report 2025 Growth?
• The Nisshin OilliO Group Ltd.
• Maple Leaf Foods Inc.
• Vegolution India Private Limited
• MGP Ingredients Inc.
• Plant Power Foods Ltd.
• Lightlife Foods Inc.
• Noble Bean Inc.
• Hello Tempayy
• Totally Tempeh Inc.
• Nutrisoy Pty. Ltd.
• Mighty Bean Tempeh LLC
• Margaret River Tempeh Company
• PRIMASOY Organic Tempeh
• Gwen Tempeh
• Natural Oriental Fresh Foods BV
What Are The Key Trends In The Tempeh Global Market Report 2025?
• Marketing of tempeh as a nutrient-dense superfood
• Collaborations and partnerships for tempeh product innovation
• Introduction of convenient, ready-to-eat tempeh products
• Focus on sustainable and non-GMO tempeh production
• Incorporation of tempeh in vegan and plant-based diets
What Are The Segments Of The Global Tempeh Global Market Report 2025?
• By Product Type: Frozen, Fresh And Ready-To-Eat
• By Nature: Organic And Conventional
• By Flavor: Plain, Herbs And Spice
• By Source: Soybean, Multigrain, Other Sources
• By Distribution Channel: Hypermarket, Specialty Retail, Convenience Stores, Traditional Groceries And Online Retailers
Which Region Leads The Tempeh Global Market Report 2025?
North America was the largest region in the tempeh market in 2024. Asia-Pacific holds the potential to be the fastest-growing region during the forecast period. Besides these, the tempeh market report also covers Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Tempeh Global Market Report 2025?
- Market Size Analysis: Analyze the Tempeh Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Tempeh Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Tempeh Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Tempeh Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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