Tofu Market Size, Share & Trends Analysis Report By Product (Processed tofu, Unprocessed tofu), By Application (Food industry, Domestic, Others), By distribution channel (Direct sales, Supermarkets, Online store, Others) Based on Region, And Segment Forecasts, 2022 - 2028

  • Report ID: BMRC 1848 | Number of pages: 200 | Published Date: Jun 2022

    Published | Category: Food And Beverage | Delivery Timeline: 48 hrs

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Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027

Tofu Market is valued at USD 2473.4 Million in 2021 and is expected to reach USD 3527.1 Million by 2028 with a CAGR of 5.2% over the forecast period.

Global Tofu Market Size, Trends, Competitive, Historical & Forecast Analysis to 2022-2028, Shifting of consumers' preference toward vegan food due to health awareness, various health benefits of tofu, and rising incidences of celiac disease coupled with the increased interest for gluten-free food are some of the major factors driving the growth of the Global Tofu Market.

Scope of Global Tofu Market Report

Tofu is a soy milk-based bean curd that is manufactured by curding the soymilk and pressuring curd into solid white blocks in much different softness like soft, extra firm, firm and super firm. The tofu is a gluten-free, protein-rich soy product and has nutrition value like Vitamin B1, iron, amino acids, magnesium and many others nutrition which is beneficial for health for natural weight management and bone and also improvement of heart health. It is also used as an alternative for meat to gain similar nutrition value.

The demand for plant-based protein products is been increased after the outbreak of the Covid-19 virus. Due to the disturbance in the supply chain and access to meat products, most people moved towards soy-based products for their protein requirements. The demand of tofu was raised in the pandemic because tofu is high in protein, vitamins, and minerals.

Segmentation Analysis of Tofu market:

The Global Tofu market is segmented on the basis of product, application and distribution channel, and region & country level. On the basis of product, the global tofu market is classified as processed tofu and unprocessed tofu. Based on application, the global tofu market is segmented as food industry, domestic and others. Based on distribution channel, the global tofu market is segmented as direct sales, supermarkets, online store and others. 

By Product

  • Processed tofu
  • Unprocessed tofu

By Application

  • Food industry
  • Domestic
  • Others

By distribution channel

  • Direct sales
  • Supermarkets
  • Online store
  • Others

The regions covered in Tofu market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of Global Tofu is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Tofu Market

Global Tofu Companies

Tofu Market report covers prominent players like:

  • Pulmuone
  • Hain Celestial Group
  • 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
  • Vitasoy International Holdings Limited
  • Kikkoman Corporation
  • Nasoya,
  • Soyarich Foods
  • Invigorate Foods
  • Kong Kee Food
  • others

News: Pulmuone, Makers of America’s Leading Tofu Brands including Nasoya and Wildwood, Expanded California Facility

On December 21st, 2021; Pulmuone, one of the largest tofu companies in the world expanded at its Fullerton, Calif. facility that doubles tofu production capabilities. The expansion helped to meet accelerated demand as the total U.S. tofu market size has increased from $91M in 2018 to an expected $182M in 2022. Pulmuone non-GMO and organic tofu products are available at over 22,300 grocery stores nationally and the additional California production capabilities complement tofu production at the company’s facilities on the East Coast, namely in Ayer, Mass., just outside Boston, and Tappan, N.Y. This dual-coast strategy gives Pulmuone added efficiencies in serving the entire country.

Morinaga Nutritional Foods Launched Fortified Tofu

On November 10th, 2021; Morinaga Nutritional Foods, Inc. introduced Mori-Nu Plus, a fortified tofu available through direct-to-consumer channels. The new product is a good source of protein, vitamin D and calcium, according to the company, and it features efficacious amounts of prebiotics and Morinaga’s LAC-Shield postbiotic. It can be adapted to everyday recipes and is made for all healthy-living enthusiasts.

House Foods America Built Tofu Plant in Kentucky

On April 30th, 2021; House Foods America Corp., the US-based subsidiary of Japan-based House Foods, invested $146.3 million to build a facility to produce tofu in Kentucky. The new 350,000-square-foot facility will be located on 30 acres in southwest Louisville and will produce tofu using 100% US grown, non-GMO soybeans and other food products. Construction on the project is expected to begin in 2022 and be completed by 2025. Once completed, the plant is expected to employ 109 in a wide range of positions, including plant machine operators, production workers, engineers, R&D staff, logistics and administration.

Invigorate Foods invested Rs. 60 cr. in India

On April 21st, 2019; Invigorate Foods invested Rs 60 crore in India in three years to manufacture soya milk products. The company launched "Genki-Ya Tofu", a product prepared with fresh soya milk extracts, here. The company launched other soya milk products like Genki-ya Silken Tofu, Genki-ya Firm Tofu, Genki-ya Extra-Firm Tofu, Fresh Soy Milk, Flavoured Soy milk, yogurts and donuts. The products would be manufactured maintaining high quality international standards. Invigorate Foods, a soya milk products manufacturing company, was incorporated in 2018. Its parent company is patented under the name Takeda Global in Japan.

Shifting of Consumers Preference Towards Vegan Food due to Health Awareness, Various Health Benefits of Tofu and Rising Incidences of Celiac Disease coupled with the Increased Interest for Gluten-Free Food are Driving the Market Growth

Tofu has similar nutrition value as of meat and is easily available in the market in all the regions, many people are turning towards vegan food due to health awareness and similar nutrition as of meat the demand for tofu is rising. Additionally, tofu is a high source of iron and calcium and gluten-free substance which is the reason for the high amount of consumption who have a calcium deficiency. Consumers are getting conscious regarding health and sustainable living and many of them shifting toward a vegetarian diet, because of the high amount of natural fat and calories in animal-based protein. Additionally, it has healthy amount of amino acids and Vitamin B1, Magnesium, and zinc made tofu a very popular dominant food option. The consumption of animal protein contains high amount of fat, calories and cholesterol levels which leads to an increase the risk of cardiac disease, obesity, high blood sugar hence people are shifting their diet towards vegan source of protein.

In addition, increasing incidences of celiac disease has also increased the demand for customers in gluten-free food which is another factor driving the tofu market. It has been observed that one out of every 133 Americans are suffering from celiac disease, the number of celiac disease was 4% in South America, 0.5% in Africa and North America, 0.6% in Asia, 0.8% in Europe. Some of the gluten-free brands are House Foods Tofu, Nasoya Tofu, Trader Joe’s and others. Furthermore, increasing usage in the food and beverage industry is also supplementing the demand for tofu. Tofu is used in many of local as well as continental cuisine especially in Asian countries where it has been consumed for over more than 2000 years and are considered a traditional food item. Smooth supply chain, easy availability online and offline and equal demand and supply ratio has been major factors fostering the growth of global Tofu market.

However, the high amount of consumption of Tofu leads to thyroid and breast tumors and doctors suggest to avoid daily consumption of soy-based food, specifically tofu. Women who are suffering from estrogen-sensitive breast tumors have been counsel to avoided tofu. In 2020, more than 2.3 million women diagnosed with breast cancer and 674009 number of women dies globally. This factor may limit the market growth up to some extent. In spite of that, increasing growth of the organized retail sectors coupled with increasing consumer demand towards vegan food may offer more opportunities for the further growth of the market.

The Asia Pacific is Expected to Dominate the Global Tofu Market

Tofu is consumed for many years in China, Japan, South Korea, and many other Southeast Asian nations, which contribute significant demand in the Asia Pacific region. The growth of the tofu market in the Asia Pacific region is further increased by the presence of strong key market players present in some of the key national markets of China, Japan, and South Korea. More than half of the demand for tofu across the world is controlled by these Southeast Asian nations. At first, the tofu is originated in China and is been consumed within China for more than 2,000 years. It is also a traditional part of the cuisines of East and Southeast Asia, including countries such as Indonesia, Japan, Korea, Singapore, Thailand, and Vietnam. Additionally, shifting lifestyle patterns of consumers towards veganism is also one of the major factors boosting the market growth in this region. China is one of the fastest-cultivating markets for soybean and is expected to be one of the major exporters as well, this significantly supplements the growth market for tofu and tofu-based products. The tofu is also used in different stir-fries, stews, soup, and fried dishes as a great product to an alternative to meat due to its meaty texture and high protein content, proving to be a positive factor for the growth of tofu market in this region.

North America is expected to show the fastest growth in the global tofu market. In the North American region, the U.S. is likely to gather the high revenue segment and CAGR growth within the forecast period. Tofu in the U.S. was considered as a niche product due to the strong control of meat products. Although, the increasing trend of vegan diets and veganism coupled with a rising understanding of tofu as an alternative source of protein.

On Special Requirement Tofu market Report is also available for below Regions and Country:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
Report Analysis Details
Historical data 2015 - 2020
Forecast Period 2021 - 2028
Market Size in 2021: USD 2473.4 Million 
Base year considered 2020
Forecast Period CAGR %:

5.2% 

Market Size Expected in 2028: USD 3527.1 Million
Tables, Charts & Figures: 175
Pages 200
Tofu Companies House Foods America Corporation, Morinaga Milk, Shanghai Tramy Green Food Group, Hangzhou Bean Food, Shenyang Fulai Food Industrial, Sunrise Soya Foods, Vitasoy International Holdings Limited, Kikkoman Corporation, Nasoya, Soyarich Foods, Invigorate Foods, Kong Kee Food, others
Segments Covered By Product, By Application, By Distribution channel
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 Key Benefits of Global Tofu Industry Report:

  • Global Tofu Industry report covers in-depth historical and forecast analysis.
  • Global Tofu Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Tofu Manufacturers, Regional and Country Level.
  • Global Tofu Industry report helps to identify opportunities in the marketplace.
  • Global Tofu Industry report covers an extensive analysis of emerging trends and competitive landscape.

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Frequently Asked Questions (FAQ) :
The Tofu Market Size is projected to reach USD 3527.1 Million by 2028 with a Growing CAGR of 5.2% over the forecast period.
Tofu Market is valued at USD 2473.4 Million in 2021
House Foods America Corporation, Morinaga Milk, Shanghai Tramy Green Food Group, Hangzhou Bean Food, Shenyang Fulai Food Industrial, Sunrise Soya Foods, Vitasoy International Holdings Limited, Kikkoman Corporation, Nasoya, Soyarich Foods, Invigorate Foods, Kong Kee Food, others
Shifting of Consumers Preference Towards Vegan Food due to Health Awareness, Various Health Benefits of Tofu and Rising Incidences of Celiac Disease coupled with the Increased Interest for Gluten-Free Food are Driving the Market Growth
The Asia Pacific is Expected to Dominate the Global Tofu Market



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Tofu Market Size Analysis, By Product, By Application, and Industry Trends By 2028

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Tofu Market Size, Share & Trends Analysis Report By Product (Processed tofu, Unprocessed tofu), By Application (Food industry, Domestic, Others), By distribution channel (Direct sales, Supermarkets, Online store, Others) Based on Region, And Segment Forecasts, 2022 - 2028

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