Global Tofu Market size was valued at US$ 2.42 Bn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Bn. The global tofu market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global tofu report also provides trends by market segments, technology, and investment with a competitive landscape. To know about the Research Methodology :- Request Free Sample Report

Global Tofu Market Overview:

The global tofu market valued at US$ 2.42 billion in 2019. Tofu also called bean curd it is soft and is a relatively flavourless food product made from soybeans. Tofu is an important source of protein in the countries like China, Japan, Korea, and Southeast Asia. According to an MMR report, Asia Pacific has the biggest tofu market in the world. Tofu is originated in China.

Global Tofu Market Dynamics:

The growth in the food & beverage industry that along with the increasing preference for vegan food products, is boosting the market growth. It gives lots of proteins that’s why many people eat that product on their breakfast so that immunity power is also increased. The intake of animal protein is associated with high fat, cholesterol level, and calories which increase the risk of cardiac disease and high blood sugar levels, and hence people are showing an interest in the vegan source of protein. The tofu market is highly unstable market. This is a major restraint factor of the global tofu market. Growing preference for gluten-free and low-carb diets globally which has led to include the tofu in the diets so that it helps for improving the immunity. The tofu market vendors should focus on grabbing business opportunities from the processed segment as it accounted for the largest market share in the year of 2019.

Global Tofu Market Segment Analysis:

The global tofu market is segmented in main 4 parts and they are by product, type, and application and distribution channel. On the basis of product, the tofu market is segmented into 2 sub types are Processed Tofu and Unprocessed Tofu. Tofu is processed soybean curd. The market of processed tofu is xx% in 2019, owing to increasing the demand for that product because of processed tofu gives a lot of nutrients, changing the taste and it will improve the immunity power. So 86% of consumer-like to eat processed tofu. On the basis of type, the tofu market is categorized in 2 parts they are organic and Conventional. Organic segment held the largest share XX% of the global market in the year 2019 due to Most the people like to drink and eat organic food because it is good for heath and it’s improved our immunity power so many people prefer this product in their daily diet. On the basis of application the tofu market is segmented in sub 4 types and they are Hotels, Restaurant and Catering, Food Processing, Household, Other. According to MMR reports, the hotels and restaurants hold the largest market share of the global market in 2019 and they maintained their position during the forecast period. In hotels and restaurants, 68% of tofu is used in 2020, and in the food processing department tofu is Consumed almost XX% in 2020. Also, the healthy nutritive profile of tofu is fuelling the market demand globally due to this reason tofu market is increasing rapidly. All over the world tofu has large demand due to their own properties like it is helpful for controlling the blood pressure and it controls the heartbeat, that’s why the demand for the tofu market increases. In tofu market continuously new products are lunches like recently Nasoya brand of tofu will be launched and when consumer eat that tofu, it helps for increasing immunity power and it helps for losing the weight.

Global Tofu Market Regional Insights:

The Asia Pacific has the biggest tofu market in the world having a share of 58.4% of the global market. Japan was the largest regional consumer as a result of the easy access to the product due to the presence of a large number of food and beverage producers in the country. China is also considered one of the key markets with significant potential in terms of high concentration of new products which produce tofu product but it’s not purely organic that’s why in china tofu market is less in Asia Pacific market. The growing vegan population in the U.S. boost the demand of tofu market in U.S. The objective of the report is to present a comprehensive analysis of the global tofu market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global tofu market dynamics, structure by analyzing the market segments and project the global tofu market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Tofu market make the report investor’s guide.

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Global Tofu Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Tofu Market Key Players

• 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