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According to the latest report by IMARC Group, titled “Tofu Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global tofu market is expected to grow at a CAGR of 5.14% during 2022-2027. Tofu, or bean curd, is a plant-based food product that is prepared by coagulating and pressing soy milk into solid white blocks. It is commercially produced in silken, soft, firm, and extra-firm textures. Tofu is a rich source of protein, iron, calcium, copper, zinc, amino acids, and vitamin B1. These elements aid in enhancing the skin texture, promoting hair growth, boosting energy, and maintaining a healthy weight. It also contains isoflavones that help protect against the risks of cancer, heart diseases, and osteoporosis. In addition to this, tofu is versatile, naturally gluten-free, and absorbs flavors through spices, marinades, and seasoning, due to which it is widely used in multiple cuisines.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Tofu Market Trends:
The increasing inclination toward vegan diets is mainly driving the global tofu market growth. This is further supported by several initiatives undertaken by non-government organizations (NGOs) across the globe to spread awareness regarding animal cruelty in the food industry. Moreover, the rising prevalence of various lifestyle disorders have led to the widespread adoption of low-cholesterol, gluten-free, and plant-based food products. In confluence with this, inflating disposable incomes and the increasing preference for premium products are catalyzing the demand for organic tofu, which is contributing to the market growth. The rapid establishment of quick serving restaurants (QSRs) and cafes, along with the introduction of innovative product variants for preparing unique dishes, such as tofu-based hot dogs, sauces, and desserts, is further fueling the market growth. Apart from this, manufacturers are employing antimicrobial packaging solutions to prevent microbial growth on the food surface while increasing the product shelf life, which is creating a positive outlook for the market.
Market Summary:
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