Market Overview

The Global Tofu Market to 2023: Unprocessed Tofu Expected to Show the Most Rapid Growth -


The "Global
Tofu Market - Growth, Trends, and Forecast (2018 - 2023)"

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The global tofu market is expected to register a CAGR of 4.05% during
the forecast period 2018-2023.

A major number of people are shifting towards vegan diets and tofu is an
excellent substitute for meat products. There is an increasing health
awareness among individuals, so consumers will be more attracted to
consume tofu as it is gluten free and contains no cholesterol. It is
excellent source of protein as well. Besides, the price of soy products
is considerably lower than that of milk product and it will affect the
preparation price for tofu as well. Ultimately, there will be an
increase in market growth for tofu.

Although tofu is rich in calcium content as it has several artificially
added coagulants such as calcium sulphate, yet it lacks naturally
present calcium. As a result, this causes people reluctant about its
consumption. Another major restraint is the high perishability rate of
tofu and tofu based products.

The number of lactose intolerant people are increasing in Asia-Pacific
and US, which will cause customers to consume these products more.
Moreover, the distribution salesforce data reveals an inclined buying of
plant based products, organic products & non GMO products. Hence, the
companies will have huge potential in meeting the demands of tofu and
tofu based products.

Based on type, the global tofu market can be categorized into processed
and unprocessed tofu. Processed tofu dominated the market share in 2016,
major reason being its longer shelf-life and higher preservation
capacity. However, unprocessed tofu is expected to show the most rapid
growth rate during the forecast period of 2018-2023. Perhaps, this is
due to increasing awareness among individuals for consuming natural
products without preservatives.

By application, the tofu market can be segmented into
supermarkets/hypermarket, convenience stores, online channels and
others. Countries like US are emphasizing on more inflow of plant based
products such as tofu instead of meat products in hypermarkets such as
Walmart. However, smaller retailers are little skeptical on selling
these products, pertaining to its high cost.

Key Topics Covered

1. Introduction

2. Market Insights

3. Market Dynamics

4. Market Segmentation

5. Regional Market Analysis

6. Competitive Landscape

7. Company Profiles

  • Eden Foods
  • Hain Celestia
  • House Foods Group
  • Hugli Holding Company
  • Morinaga & Company
  • Nutrition et Soja
  • Pulmuone Co. Ltd.
  • Sojasun
  • The Nisshin Oillio Group Ltd.
  • Valsoia

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