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Press Release:

Global Tofu Market to Grow at 5.2% During 2021-2026, Bolstered by Growing Adoption of Veganism

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Tofu Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global tofu market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Tofu, or bean curd, refers to a creamy and protein-rich soy product that is made from curdling fresh soy milk and pressing it into a solid block. Unprocessed tofu is commonly available in a variety of textures, including extra-soft, soft, silken, firm and extra-firm. It is widely used in multiple cuisines as it can effectively absorb flavors from spices, seasoning, sauces and marinades. It is a rich source of various nutrients and health-promoting compounds, such as iron, calcium, magnesium, copper, zinc, amino acids and vitamin B1, which aid in improving heart and bone health and weight management.

Global Tofu Market Trends:

The significant growth in the food and beverage industry, along with increasing consumer preferences for vegan food products, is among the key factors driving the growth of the market. In line with this, growing health consciousness and increasing instances of various lifestyle disorders have led to the widespread adoption of low-fat and low-cholesterol vegan and soy-based food products. Furthermore, the continual launch of innovative product variants, such as tofu-based sauces, burgers, hot dogs, ice creams, shakes and desserts, is acting as another growth-inducing factor. Restaurants, cafes and other eateries are experimenting with multiple flavors and combinations of tofu to offer innovative and unique dishes to their customers. Additionally, the premiumization of gluten-free and low carb diets across the globe has also catalyzed the inclusion of organic tofu in the diets. Other factors, including aggressive promotional activities by manufacturers on social media platforms, the easy product availability through various e-commerce retail chains, rising consumer expenditure and rapid urbanization, are projected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global tofu market report, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on product, type, application and distribution channel.

Breakup by Product:

  • Processed Tofu
  • Unprocessed Tofu
     

Breakup by Type:

  • Organic
  • Conventional
     

Breakup by Application:

  • Hotels, Restaurants and Catering
  • Food Processing
  • Household
  • Others
     

Breakup by Distribution Channel:

  • Direct Sales
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialist Stores
  • Online Stores
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Amy's Kitchen, Eden Foods Inc., Hain Celestia, House Foods Group, Kikkoman, Morinaga & Company, Pulmuone, Tofurky, Vitasoy, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product, Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amy's Kitchen, Eden Foods Inc., Hain Celestia, House Foods Group, Kikkoman, Morinaga & Company, Pulmuone, Tofurky and Vitasoy
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Tofu Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Processed Tofu
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Unprocessed Tofu
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Type
    7.1    Organic
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Conventional
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Hotels, Restaurants and Catering
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Food Processing
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Household
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Direct Sales
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Supermarkets and Hypermarket
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Convenience Stores
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Specialist Stores
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Online Stores
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Indicators
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Amy's Kitchen
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    Eden Foods Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    Hain Celestia
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    House Foods Group
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Kikkoman
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Morinaga & Company
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Pulmuone
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
        15.3.8    Tofurky
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    Vitasoy
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis

List of Figures

Figure 1: Global: Tofu Market: Major Drivers and Challenges
Figure 2: Global: Tofu Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Tofu Market: Breakup by Product (in %), 2020
Figure 4: Global: Tofu Market: Breakup by Type (in %), 2020
Figure 5: Global: Tofu Market: Breakup by Application (in %), 2020
Figure 6: Global: Tofu Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Global: Tofu Market: Breakup by Region (in %), 2020
Figure 8: Global: Tofu Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Tofu (Processed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Tofu (Processed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Tofu (Unprocessed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Tofu (Unprocessed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Tofu (Organic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Tofu (Organic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Tofu (Conventional) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Tofu (Conventional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Tofu (Hotels, Restaurants and Catering) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Tofu (Hotels, Restaurants and Catering) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Tofu (Food Processing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Tofu (Food Processing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Tofu (Household) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Tofu (Household) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Tofu (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Tofu (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Tofu Market: Direct Sales (in Million US$), 2015 & 2020
Figure 26: Global: Tofu Market Forecast: Direct Sales (in Million US$), 2021-2026
Figure 27: Global: Tofu Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2015 & 2020
Figure 28: Global: Tofu Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2021-2026
Figure 29: Global: Tofu Market: Sales through Convenience Stores (in Million US$), 2015 & 2020
Figure 30: Global: Tofu Market Forecast: Sales through Convenience Stores (in Million US$), 2021-2026
Figure 31: Global: Tofu Market: Sales through Specialist Stores (in Million US$), 2015 & 2020
Figure 32: Global: Tofu Market Forecast: Sales through Specialist Stores (in Million US$), 2021-2026
Figure 33: Global: Tofu Market: Sales through Online Stores (in Million US$), 2015 & 2020
Figure 34: Global: Tofu Market Forecast: Sales through Online Stores (in Million US$), 2021-2026
Figure 35: Global: Tofu Market: Sales through Other Distribution Channels (in Million US$), 2015 & 2020
Figure 36: Global: Tofu Market Forecast: Sales through Other Distribution Channels (in Million US$), 2021-2026
Figure 37: North America: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: North America: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: United States: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: United States: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Canada: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Canada: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Asia Pacific: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Asia Pacific: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: China: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: China: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Japan: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Japan: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: India: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: India: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: South Korea: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: South Korea: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Australia: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Australia: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Indonesia: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Indonesia: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Others: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Others: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Europe: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Europe: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Germany: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Germany: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: France: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: France: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: United Kingdom: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: United Kingdom: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Italy: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Italy: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Spain: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Spain: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Russia: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Russia: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Others: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Others: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Latin America: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Latin America: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Brazil: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Brazil: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Mexico: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Mexico: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Others: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Others: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Middle East and Africa: Tofu Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Middle East and Africa: Tofu Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Global: Tofu Industry: SWOT Analysis
Figure 86: Global: Tofu Industry: Value Chain Analysis
Figure 87: Global: Tofu Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Tofu Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Tofu Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Tofu Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 4: Global: Tofu Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Tofu Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 6: Global: Tofu Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Tofu Market: Competitive Structure
Table 8: Global: Tofu Market: Key Players        

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Key Questions Answered in This Report

Due to the outbreak of the coronavirus disease (COVID-19), there has been a rise in the demand for plant-based, protein-rich food products, such as tofu. This is further supported by the shortage of meat products, which, in turn, is positively influencing the market growth.

The significant growth in the food and beverage industry, along with the increasing preference for vegan food products, is bolstering the market growth.

One of the leading market trends is the growing preference for gluten-free and low-carb diets globally, which has led to the inclusion of tofu in the diets of consumers across the globe.

Based on the product, the market is dominated by processed tofu, followed by unprocessed tofu.

The market is categorized into organic and conventional variants, wherein conventional tofu exhibits a clear dominance in the market.

On the basis of the application, the market has been classified into hotels, restaurants and catering, food processing, and household.

The market is segmented into direct sales, supermarkets and hypermarkets, convenience stores, specialist stores, and online stores. The majority of the tofu is distributed through supermarkets and hypermarkets.

Region-wise, the market is dominated by Asia Pacific. Other major regions are North America, Europe, Latin America, and Middle East and Africa.

The leading industry players are Amy's Kitchen, Inc., Eden Foods Inc., Hain Celestial Group, Inc., House Foods Group Inc., Kikkoman Corporation, Morinaga & Company, Ltd, Pulmuone Co, Ltd., Tofurky Company, and Vitasoy International Holdings Ltd.

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