Tofu Market Forecast Driven by Rising Plant-Based Food Demand and Health-Conscious Consumer Trends | Valuates Reports

Tofu Market Size
The global Tofu revenue was US$ 2508 million in 2022 and is forecast to a readjusted size of US$ 5184.3 million by 2029 with a CAGR of 10.8% during the forecast period (2023-2029).

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The tofu market is witnessing strong market growth, fueled by the increasing global demand for plant-based foods and the growing awareness of health and wellness among consumers. As more people adopt vegetarian and vegan diets, the market size for tofu continues to expand across diverse consumer segments.

Among product types, firm tofu holds a substantial market share, driven by its versatility in cooking applications and its ability to serve as a high-protein meat alternative in a variety of dishes. Soft tofu is also experiencing favorable market trends, particularly in Asian cuisines and health-focused recipes where smooth texture and delicate flavor are preferred. Other tofu varieties, including flavored and pre-seasoned options, are further contributing to market growth as brands innovate to attract a wider audience.

When segmented by distribution channel, supermarkets and hypermarkets account for a major share of the market size, reflecting their role in making tofu widely accessible to mainstream consumers. Dealer and retailer channels continue to serve specialty markets and traditional buyers, while direct selling is emerging as an influential channel-driven by online platforms and subscription-based delivery models-aligning with modern shopping habits.

Overall, the tofu market forecast suggests ongoing market growth, supported by evolving dietary preferences, increased awareness of sustainable food choices, and continuous product innovation within the plant-based food sector.

Segment by Type

• Firm Tofu
• Soft Tofu
• Others

Segment by Distribution Channel

• Dealer/Retailer
• Supermarkets and Hypermarkets
• Direct Selling

By Company

Pulmuone, Sagamiya Foods, CJ CheilJedang, Zuming Bean Products, House Foods America Corporation, Morinaga Milk, Shanghai Tramy Green Food Group, Hangzhou Bean Food, Shenyang Fulai Food Industrial, Sunrise Soya Foods

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