Tempeh Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global tempeh market size reached around USD 5.76 Billion in 2024. The market is projected to grow at a CAGR of 6.10% between 2025 and 2034 to reach nearly USD 10.41 Billion by 2034.

Global Tempeh Market Growth

According to data published in 2021, the global population of vegans is estimated to be around 79 million. A study conducted by Veganz, a company based in Berlin, evaluated five European nations based on their vegan populations, with the United Kingdom leading the ranking at 3.2% of its population identifying as vegan. Additionally, approximately 2% of individuals in the United States adhere to a vegan diet, although a significantly larger number are actively decreasing their meat consumption. The increasing popularity of tempeh is closely associated with the worldwide rise in veganism and plant-based diets. As consumers increasingly seek sustainable, ethical, and nutritious food choices, tempeh has emerged as a high-protein, probiotic-rich alternative to meat. Its adaptability in various recipes and health advantages, including aiding digestion and reducing cholesterol levels, contribute to its popularity among vegans. Additionally, the heightened awareness of environmental and ethical issues surrounding meat consumption further enhances tempeh's attractiveness, reinforcing its status in the plant-based food sector.

The increasing popularity of tempeh can be attributed to its numerous health advantages, substantial protein levels, and the expanding trend of plant-based diets. As individuals increasingly seek sustainable and ethical food choices, tempeh emerges as a valuable meat substitute, attracting both vegans and flexitarians. Its adaptability in various culinary applications, along with its probiotic benefits and contributions to heart and gut health, further enhance its appeal, particularly in areas that are adopting vegetarianism and clean eating practices.

Key Trends and Developments

The tempeh market growth can be attributed to an increasing preference for plant-based proteins, growing environmental and ethical concerns regarding meat production, rapid innovation and product availability, and increasing health and wellness awareness

March 2024

Greenleaf Foods, SPC introduced Lightlife Tempeh in a new form, known as Tempeh Protein Crumbles. Lightlife Tempeh Protein Crumbles is available in two flavors: Original and Smoked Chipotle. Each serving offers 16 grams of protein and 6 grams of fibre, perfect for enhancing salads, stir-fries, tacos, grain bowls, and pasta.

January 2024

Better Nature, a company based in the United Kingdom, launched an innovative product called Smoky Tempeh, which was poised to make waves in the plant-based food sector.

May 2022

Canada's Henry’s Tempeh marked its 20th anniversary in May 2022 by launching a seasoned, ready-to-cook tempeh crumble, thereby expanding its product offerings.

March 2022

Lightlife introduced pre-cut and pre-seasoned tempeh cubes available in teriyaki, southwest, and tikka masala flavours, thereby streamlining the process of meal preparation.

Increasing Preference for Plant-Based Proteins

With a rising number of individuals embracing vegetarian and vegan lifestyles, there is a notable shift towards plant-based protein sources, such as tempeh, which is abundant in protein and essential nutrients.

Rising Environmental and Ethical Concerns Regarding Meat Production

The growing concerns regarding the ecological consequences of meat production and the welfare of animals are prompting consumers to pursue sustainable and ethical food choices, with tempeh emerging as a viable alternative.

Innovation and Product Availability

Producers are launching a variety of new tempeh products, including convenient ready-to-eat options and diverse flavour variations, thereby enhancing its accessibility and attractiveness to a wider consumer base.

Growing Health and Wellness Awareness

An increasing recognition of the health advantages associated with tempeh, including its probiotic properties and potential cholesterol-lowering effects, is drawing the attention of health-conscious individuals.

Global Tempeh Market Trends

The tempeh market is experiencing significant growth, propelled by the rising interest in plant-based protein sources and an increasing awareness of health among consumers. Tempeh, which is abundant in protein, probiotics, and vital nutrients, is becoming increasingly favoured as a versatile alternative to meat in vegetarian and vegan diets. The heightened recognition of its health advantages, including enhanced digestion and lower cholesterol levels, further elevates its attractiveness. Additionally, the product's versatility in various culinary applications contributes to its worldwide demand. Major factors driving the market include the rise of flexitarian diets, concerns regarding sustainability, and innovations such as ready-to-eat and flavoured tempeh products.

Global Tempeh Industry Segmentation

The report titled “Global Tempeh Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Type

• Frozen
• Fresh
• Ready-to-Eat

Breakup by Source

• Soya Beans
• Multi-grain
• Others

Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

Breakup by Region

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

Global Tempeh Market Share

Based on the distribution channels, the market is segmented into supermarkets and hypermarkets, convenience stores, and online, among others. The online segment is projected to grow at a CAGR of 9.3% during the forecast period of 2025-2034. The increasing popularity of tempeh is driven by online distribution channels that provide convenient access to plant-based products, enhance consumer knowledge, and address the escalating interest in healthy and sustainable options.

Leading Companies in the Global Tempeh Market

Market players are focusing on sustainable production methods to gain a competitive edge in the market.

Byron Bay Tempeh

Located in Byron Bay, Australia, Byron Bay Tempeh is dedicated to producing handcrafted, organic tempeh products. The company prioritises sustainable, plant-based protein options, offering a variety of flavours influenced by international cuisines.

Tootie’s Tempeh

Founded in 2019 and based in Maine, United States, Tootie’s Tempeh is an innovative enterprise that creates pasteurised tempeh using traditional methods. The company is committed to delivering high-quality, nutritious, and sustainable plant-based foods to meet the increasing demand for ethical protein sources.

Nutrisoy Pty Ltd.

Nutrisoy Pty Ltd., established in 1984 and headquartered in Melbourne, Australia, provides a diverse selection of plant-based products, including organic tempeh and tofu. The company focuses on offering sustainable, healthy, and vegan-friendly food solutions for both local and global markets.

Maple Leaf Foods Inc.

Established in 1927 and located in Mississauga, Ontario, Canada, Maple Leaf Foods is a prominent consumer protein company. While its primary focus has historically been on meat products, the company has broadened its offerings to include plant-based proteins, such as tempeh, through its Greenleaf Foods division.

Other major players in the tempeh market are The Tofurky Company, Inc., Rhapsody Natural Foods, Vegolution India private limited, Tempeh Meades, and Impulse Foods, among others.