Press "Enter" to skip to content

Global Tofu Market 2021 is expected to register a CAGR of 4.05%, during forecast period with Impact of Covid 19 Analysis

Tofu

Global “Tofu Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Tofu in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Tofu Market report categorizes the market based on manufacturers, regions, type, and application. Tofu Market reports offer a detailed assessment of the Tofu including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Tofu market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT – REQUEST SAMPLE

The global tofu market size is expected to register a CAGR of 4.05% during the forecast period 2018-2023. Several companies and their scientists are working hard for developing a range of meat free protein products, often called as synthetic meats or alternative meats.

Market Dynamics

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.

Market Segmentation

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.

Regional Segmentation

According to 2017 data, Asia Pacific dominated the global tofu market in terms of revenue while US leads the market growth specifically due to shifting lifestyle patterns. 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.

Key Developments

• 2017- A plant based condiment manufacturing company Hampton Creek recently revealed that it has been developing technology for producing lab made meat often referred as “clean meat”. Once such products will be launched in market, there will be high competition and growth for tofu market.
• 2017- Hain Celestial established partnership with Hain Tilda, India to manufacture, market and distribute its product in various categories. Also, Universal Robina Corporation (URC) has entered into a joint venture with the Vitasoy Group of Hong Kong to explore the market potential of plant-based sustainable beverages in the Philippines.

Competitive landscape

Major players – BARISTA, GLORIA JEANS, HONEST COFFEE COMPANY, JACOBS DOUWE EGBERTS, LAVAZZA, MCCAFE (MCDONALDS), MICHELS PATISSERIE, NESTLÉ, STARBUCKS and THE COFFEE CLUB, among others.

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,

Get a Sample PDF of Report @ https://www.360marketupdates.com/enquiry/request-sample/12887252

The global Tofu market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Tofu Market Report covers the Top Key-players in 2021:-

  • 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

Highlighted points of Tofu Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Inquire more and share questions if any before the purchase on this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12887252

This Tofu Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Tofu? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Tofu Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Tofu Market? What Was Capacity, Production Value, Cost and PROFIT of Tofu Market?
  • What Is Current Market Status of Tofu Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Tofu Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Tofu Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Tofu Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Tofu Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Tofu Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Tofu Industry?

Key Developments in the Tofu Market:

  • 2017- A plant based condiment manufacturing company Hampton Creek recently revealed that it has been developing technology for producing lab made meat often referred as “clean meat”. Once such products will be launched in market, there will be high competition and growth for tofu market.
  • 2017- Hain Celestial established partnership with Hain Tilda, India to manufacture, market and distribute its product in various categories. Also, Universal Robina Corporation (URC) has entered into a joint venture with the Vitasoy Group of Hong Kong to explore the market potential of plant-based sustainable beverages in the Philippines.
    Competitive landscape
    M

    Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

    Purchase this report (Price 4250 USD for a single-user license) @ https://www.360marketupdates.com/purchase/12887252

    Finally, the report Global Tofu Market 2021 describes the Tofu industry expansion game plan, the Tofu industry knowledge supply, appendix, analysis findings, and the conclusion.

    About 360 Market Updates:

    360 Market Updates is a credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Market Updates, our objective is to provide a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision-makers in finding the most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

    Contact Info: –

    360 Market Updates

    Mr. Ajay More

    USA: +1 424 253 0807

    UK: +44 203 239 8187

    [email protected]

    Global Assembly Automation Market Trend 2021 with Top Countries Data Share, Size, Future Demand, Research, Top Leading player, Emerging Trends, Region by Forecast | With Covid 19 Analysis

    Global Electroretinography Market Report 2021 with Top Countries Data Industry Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast | With Covid 19 Analysis

    Global Multiwall Polycarbonate Market Report 2021-2026 With Top Countries Data Industry Share, Size, Revenue, Latest Trends, Business Boosting Strategies, CAGR Status, Growth Opportunities and Forecast | With Covid 19 Analysis

    Global Fuel Polishing Carts Market Size 2021 with Top Countries Data Industry Price Trend, Size Estimation, Industry Outlook, Business Growth, Report Latest Research, Business Analysis and Forecast Analysis Research | With Covid 19 Analysis

    Smart Fabrics for Transportation Market Report Survey 2021 with Top Countries Data: Industry Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Sales Revenue by Regional Forecast | With Covid 19 Analysis

    Automated Liquid Handlers Market Trend Survey 2021 with Top Countries Data Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis | With Covid 19 Analysis

    Global Superplasticizers Market Size 2021-2026 With Top Countries Data Industry Size, Future Trends, Growth Key Factors, Demand, Business Share, Sales & Income, Manufacture Players, Application, Scope, and Opportunities | With Covid 19 Analysis

    Global Polydicyclopentadiene(PDCPD) Market Growth 2021-2026 With Top Countries Data Industry Size Analyzed by Business Opportunity, Development, Growth Factors, Applications Analysis and Future Prospects | With Covid 19 Analysis

    Food Grade Phosphoric Acid Market Growth Survey 2021 with Top Countries Data Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook to Research Report | With Covid 19 Analysis

    Global Veterinary Practice Management Softwares Market 2021 Covid 19 Impact on Top countries data Industry Size, Future Trends, Growth Key Factors, Demand, Business Share, Sales & Income, Manufacture Players, Application, Scope, Analysis by Outlook

    Global Veterinary Practice Management Softwares Market 2021 Covid 19 Impact on Top countries data Industry Size, Future Trends, Growth Key Factors, Demand, Business Share, Sales & Income, Manufacture Players, Application, Scope, Analysis by Outlook