Tofu Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||572859|
|出版日期||內容資訊||英文 95 Pages
|豆腐的全球市場:成長率，趨勢及預測分析(2019年∼2024年) Tofu Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 95 Pages||
Global tofu market is expected to grow at a CAGR of 5.1% during the forecast period 2019-2024.
Global tofu market is segmented by type, distribution channel, and geography. On the basis of the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retailers, and others. Also, the study provides an analysis of the tofu market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, Middle East & Africa.
Growing Demand for Vegan Diet
Shifting consumer interest from animal products is majorly because of people's rising concern about animal welfare, personal health, and most importantly, sustainability.The intake of animal protein is associated with high cholesterol level, fat, and calories, which increase the risk of cardiac disease, high blood sugar level, and obesity; hence, people are showing an inclination toward the vegan source of protein. This has created a good platform for the tofu market growth. Moreover, young consumers are seeking an alternative for red meat, but at the same time they are not ready to give up protein; thus, they are switching to plant protein products, such as tofu, which is boosting the tofu market, globally.
Asia-Pacific Holds the Major Share in Tofu Market
Asia Pacific dominated the global tofu market in terms of revenue while United Kingdom leads the market growth specifically, due to shifting lifestyle patterns towards veganism followed by U.S. The major contributing countries in Asia-Pacific region are China, Japan, South Korea, Vietnam, the Philippines, Thailand, and Indonesia. China is one of the fastest growing market for soybean and is anticipated to be major exporter as well. This will ultimately affect the growth market for tofu and tofu based products. Also, emerging nations of Middle East and Africa has huge opportunities to the global tofu market due to its high nutritional benefits. For instance, tofu is currently being used in shawarma, a fast food staple in the Middle East, as a substitute of meat, which boosting the tofu market.
Global tofu market is highly fragmented with a large number of international and regional vendors. The vendors compete for innovation, pricing, and distribution. Some of the major key players in the tofu market includes Hain Celestial Group, House Foods Group, Morinaga & Company, Pulmuone Co., Ltd., and Vitasoy International Holdings Limited, amongst others.