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Tofu Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5647695
The global tofu market size reached US$ 2.7 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

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

The report provides an analysis of the key trends in each sub-segment of the global tofu market report, along with forecasts at the global, regional and country level from 2023-2028. 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.

Key Questions Answered in This Report

1. What was the size of the global tofu market in 2022?
2. What is the expected growth rate of the global tofu market during 2023-2028?
3. What are the key factors driving the global tofu market?
4. What has been the impact of COVID-19 on the global tofu market?
5. What is the breakup of the global tofu market based on the product?
6. What is the breakup of the global tofu market based on the type?
7. What is the breakup of the global tofu market based on the application?
8. What is the breakup of the global tofu market based on the distribution channel?
9. What are the key regions in the global tofu market?
10. Who are the key players/companies in the global tofu market?

Table of Contents

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 Hypermarkets
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$), 2017-2022
Figure 3: Global: Tofu Market: Breakup by Product (in %), 2022
Figure 4: Global: Tofu Market: Breakup by Type (in %), 2022
Figure 5: Global: Tofu Market: Breakup by Application (in %), 2022
Figure 6: Global: Tofu Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Tofu Market: Breakup by Region (in %), 2022
Figure 8: Global: Tofu Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Tofu (Processed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Tofu (Processed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Tofu (Unprocessed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Tofu (Unprocessed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Tofu (Organic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Tofu (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Tofu (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Tofu (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Tofu (Hotels, Restaurants and Catering) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Tofu (Hotels, Restaurants and Catering) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Tofu (Food Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Tofu (Food Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Tofu (Household) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Tofu (Household) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Tofu (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Tofu (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Tofu Market: Direct Sales (in Million US$), 2017 & 2022
Figure 26: Global: Tofu Market Forecast: Direct Sales (in Million US$), 2023-2028
Figure 27: Global: Tofu Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2017 & 2022
Figure 28: Global: Tofu Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2023-2028
Figure 29: Global: Tofu Market: Sales through Convenience Stores (in Million US$), 2017 & 2022
Figure 30: Global: Tofu Market Forecast: Sales through Convenience Stores (in Million US$), 2023-2028
Figure 31: Global: Tofu Market: Sales through Specialist Stores (in Million US$), 2017 & 2022
Figure 32: Global: Tofu Market Forecast: Sales through Specialist Stores (in Million US$), 2023-2028
Figure 33: Global: Tofu Market: Sales through Online Stores (in Million US$), 2017 & 2022
Figure 34: Global: Tofu Market Forecast: Sales through Online Stores (in Million US$), 2023-2028
Figure 35: Global: Tofu Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
Figure 36: Global: Tofu Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
Figure 37: North America: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia Pacific: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia Pacific: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: Tofu Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: Tofu Market Forecast: Sales Value (in Million US$), 2023-2028
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, 2022 and 2028
Table 2: Global: Tofu Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Tofu Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Tofu Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Tofu Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Tofu Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Tofu Market: Competitive Structure
Table 8: Global: Tofu Market: Key Players

Companies Mentioned

  • Amy's Kitchen
  • Eden Foods Inc.
  • Hain Celestia
  • House Foods Group
  • Kikkoman
  • Morinaga & Company
  • Pulmuone
  • Tofurky
  • Vitasoy

Methodology

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Table Information