Tofu Market: Global Industry Analysis and Forecast (2024-2030) (2024)

Tofu Market size was valued at US$ 274.43 Bn. in 2023 and the total revenue is expected to grow at 5.2% through 2024 to 2030, reaching nearly US$ 391.33 Bn.
Tofu Market Overview:
Tofu is a soy milk-based bean curd produced by curdling soymilk and pressuring curd into solid white blocks of different softness such as soft, firm, extra firm, and super firm. Tofu is generally low calories, gluten-free and protein-rich creamy soy product which is widely consumed in all region due to high nutrient values like Vitamin B1, Calcium, Zinc, Iron, Amino acids, Copper and magnesium which has health benefits to natural weight management and bone as well as heart health improvement. Tofu is consumed as a meat alternative for similar nutrient values. Heavy usage in food and beverage and easy availability in stores, supermarkets, and online has boosted the Tofu market globally.To know about the Research Methodology :- Request Free Sample Report
Tofu Market Dynamics:
Tofu is consumed as an alternative for meat due to its similarity of nutrition values and easy availability in the market in all-region. Tofu is a high source of calcium and iron and gluten-free is the reason for the high consumption amount people who have a calcium deficiency. As consumers are getting self-aware about health and sustainable living and many of them shifting toward a vegetarian diet due to the high content of natural fat and calories in animal-based protein. A healthy amount of amino acids and Vitamin B1, Magnesium, and zinc made tofu a very popular staple food option.Wide usage in the food and beverage industry has boosted the Tofu market worldwide. Tofu is used in a variety of local as well as continental cuisine especially in Asian countries where have been consumed for over 2000 years and are considered a traditional food item.The current adoption of veganism in a large population is the key driver of the global tofu market. The main raw material for Tofu is soy milk is the favored choice among vegan consumers hence the preference for tofu is relatively high.Robust supply chain, easy availability online and offline and equal demand and supply ratio has been major forces to flourish the global Tofu market.
Restraints
The high amount of Tofu consumption leads to thyroid and breast tumors and advised to avoid daily consumption of soy-based food, specifically tofu. Women who suffer from estrogen-sensitive breast tumors have been advised not to eat tofu.
Tofu Market Segment Analysis:
By Product, Processed tofu is dominating segment in the global tofu market with 86% of the market share. Processed Tofu is made for longer shelf life with certain preservatives and to reduce spoilage. Generally, the food and beverage industry prefers processed tofu due to its easy availability and longer food life and reduce uncertain spoilage. Domestic usage of processed tofu is fairly large for the dame reason and affordability. Unprocessed tofu made of organic soy and unfertilized process which is a costlier option and relatively less demand due to tendency of early wastage.By Application, Food and beverage industry is the dominating segment in Global Tofu Market by holding a 68% market share in 2023. A variety of dishes and preparations in restaurants and traditional cuisine creates high demand in the food and beverage industry. East Asia, Japan, and the Korean region have the highest application of tofu in their traditional dishes and in specialty restaurants where tofu is prepared with peanut, azuki beans with oatmeal, and mung beans. Domestic consumption of tofu is fairly less compared to the F&B industry. Organic tofu is preferred in domestic consumption due to the naturally made unfertilized process.By Distribution Channels, the Supermarkets segment is dominating segment in Global Tofu Market. A robust supply chain, a variety of options under one roof, and a constant supply of stock made the supermarkets a favorable option for the consumer to source soy-based products like tofu. 65% of tofu sales generated from Supermarkets and hypermarkets as higher demand for processed tofu with longer shelf life and variety made to available to customers have created an impact on another form of distribution channels like direct sales. Currently, online sourcing of tofu and the soy-based product has seen major growth and is likely to pick up the trend in all urbanized cities.
Tofu Market Regional Insights:
The Asia Pacific is dominating region with a share of 56.3% with a major contributor from East Asian countries like Japan, Korea, China, Thailand, Philippines, and India. Tofu is a traditional food in the Asian region which is been consumed for more than 2000 years old. Japan is the largest consumer of Tofu as the hub for the largest number of manufacturers and easy availability. China is the key market with a high density of manufacturers and holds the major share in the global Tofu market.Europe and North America have seen major growth as the number of vegan consumers has increased and spike demand in western countries. Tofu-based products held 30% of the global meat substitute market.The Asia Pacific is likely to continue domination in Global Tofu Market in the next six years.The objective of the report is to present a comprehensive analysis of the Global Tofu market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.The report also helps in understanding the Global Tofu market dynamics, structure by analyzing the market segments and projecting the Global Tofu market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tofu market make the report investor’s guide.
Global Tofu Market Scope: Inquire before buying
Global Tofu Market
Report Coverage
Details
Base Year:
2023
Forecast Period:
2024-2030
Historical Data:
2018 to 2023
Market Size in 2023:
US $ 274.43 Bn.
Forecast Period 2024 to 2030 CAGR:
5.2%
Market Size in 2030:
US $ 391.33 Bn.
 Segments Covered:
by Product
Processed TofuUnprocessed Tofu
by Application
Food IndustryDomesticOthers
by Distribution Channels
Direct SalesSupermarketsOnline storeOthers
Tofu Market, by Region
North America(United States, Canada, and Mexico)Europe(UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)Asia Pacific(China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)Middle East and Africa(South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)South America(Brazil, Argentina Rest of South America)
Tofu Market, Key Players are
1.Pulmuone2. Hain Celestial Group3.Sagamiya Foods4. CJ CheilJedang5. Zuming Bean Products6. House Foods America Corporation7. Morinaga Milk8. Shanghai Tramy Green Food Group9. Hangzhou Bean Food10. Shenyang Fulai Food Industrial11. Sunrise Soya Foods12. Vitasoy International Holdings Limited13. Kikkoman Corporation14. Nasoya15. Soyarich Foods16. Invigorate Foods17. Kong Kee Food
FAQ
1] What segments are covered in the Global Tofu Market report?Ans. The segments covered in the Global Tofu Market report are based on Product, Application, and Distribution Channels.2] Which region is expected to hold the highest share in the Global Tofu Market?Ans. Asia Pacific Region is expected to hold the highest share in the Global Tofu Market.3] What is the market size of the Global Tofu Market by 2030?Ans. The market size of the Global Tofu Market by 2030 is US $ 391.33 Bn.4] Who are the top key players in the Global Tofu Market?Ans. Pulmuone, Hain Celestial Group, Sagamiya Foods, CJ CheilJedang, Zuming Bean Products, House Foods America Corporation, Morinaga Milk, Shanghai Tramy Green Food Group, Hangzhou Bean Food, Shenyang Fulai Food Industrial, Sunrise Soya Foods, Vitasoy International Holdings Limited, Kikkoman Corporation, Nasoya, Soyarich Foods,I nvigorate Foods, Kong Kee Food.5] What was the market size of the Global Tofu Market in 2023?Ans. The market size of the Global Tofu Market in 2023 was US $ 274.43 Bn.
 

1. Preface1.1. Market Definition and Key Research Objectives1.2. Research Highlights2. Assumptions and Research Methodology2.1. Report Assumptions2.2. Abbreviations2.3. Research Methodology2.3.1. Secondary Research2.3.1.1. Secondary data2.3.1.2. Secondary Sources2.3.2. Primary Research2.3.2.1. Data from Primary Sources2.3.2.2. Breakdown of Primary Sources3. Executive Summary: Global Tofu Market Size, by Market Value (US$ Mn)3.1. Market Segmentation3.2. Market Segmentation Share Analysis, 20203.2.1.3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)3.3. Geographical Snapshot of the Global Tofu Market3.4. Geographical Snapshot of the Global Tofu Market, By Manufacturer share4. Global Tofu Market Overview,2023-20304.1. Market Dynamics4.1.1. Drivers4.1.1.1.4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)4.1.2. Restraints4.1.2.1.4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)4.1.3. Opportunities4.1.3.1.4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)4.1.4. Challenges4.1.4.1.4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)4.1.5. Industry Trends and Emerging Technologies4.1.6. Porter Five Forces Analysis4.1.6.1. The threat of New Entrants4.1.6.2. Bargaining Power of Buyers/Consumers4.1.6.3. Bargaining Power of Suppliers4.1.6.4. The Threat of Substitute Products4.1.6.5. The intensity of Competitive Rivalry4.1.7. Value Chain Analysis4.1.8. Technological Roadmap4.1.9. Regulatory landscape4.1.10. Impact of the Covid-19 Pandemic on the Global Tofu Market5. Supply Side and Demand Side Indicators6. Global Tofu Market Analysis and Forecast,2023-20306.1. Global Tofu Market Size & Y-o-Y Growth Analysis.7. Global Tofu Market Analysis and Forecasts,2023-20307.1. Market Size (Value) Estimates & Forecast By Product,2023-20307.1.1. Processed Tofu7.1.2. Unprocessed Tofu7.2. Market Size (Value) Estimates & Forecast By Application,2023-20307.2.1. Food Industry7.2.2. Domestic7.2.3. Others7.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-20307.3.1. Direct Sales7.3.2. Supermarkets7.3.3. Online store7.3.4. Others8. Global Tofu Market Analysis and Forecasts, By Region8.1. Market Size (Value) Estimates & Forecast By Region,2023-20308.1.1. North America8.1.2. Europe8.1.3. Asia-Pacific8.1.4. Middle East & Africa8.1.5. South America9. North America Global Tofu Market Analysis and Forecasts,2023-20309.1. Market Size (Value) Estimates & Forecast By Product,2023-20309.1.1. Processed Tofu9.1.2. Unprocessed Tofu9.2. Market Size (Value) Estimates & Forecast By Application,2023-20309.2.1. Food Industry9.2.2. Domestic9.2.3. Others9.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-20309.3.1. Direct Sales9.3.2. Supermarkets9.3.3. Online store9.3.4. Others10. North America Global Tofu Market Analysis and Forecasts, By Country10.1. Market Size (Value) Estimates & Forecast By Country,2023-203010.1.1. US10.1.2. Canada10.1.3. Mexico11. U.S. Global Tofu Market Analysis and Forecasts,2023-203011.1. Market Size (Value) Estimates & Forecast By Product,2023-203011.2. Market Size (Value) Estimates & Forecast By Application,2023-203011.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203012. Canada Global Tofu Market Analysis and Forecasts,2023-203012.1. Market Size (Value) Estimates & Forecast By Product,2023-203012.2. Market Size (Value) Estimates & Forecast By Application,2023-203012.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203013. Mexico Global Tofu Market Analysis and Forecasts,2023-203013.1. Market Size (Value) Estimates & Forecast By Product,2023-203013.2. Market Size (Value) Estimates & Forecast By Application,2023-203013.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203014. Europe Global Tofu Market Analysis and Forecasts,2023-203014.1. Market Size (Value) Estimates & Forecast By Product,2023-203014.2. Market Size (Value) Estimates & Forecast By Application,2023-203014.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203015. Europe Global Tofu Market Analysis and Forecasts, By Country15.1. Market Size (Value) Estimates & Forecast By Country,2023-203015.1.1. U.K15.1.2. France15.1.3. Germany15.1.4. Italy15.1.5. Spain15.1.6. Sweden15.1.7. CIS Countries15.1.8. Rest of Europe16. U.K. Global Tofu Market Analysis and Forecasts,2023-203016.1. Market Size (Value) Estimates & Forecast By Product,2023-203016.2. Market Size (Value) Estimates & Forecast By Application,2023-203016.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203017. France Global Tofu Market Analysis and Forecasts,2023-203017.1. Market Size (Value) Estimates & Forecast By Product,2023-203017.2. Market Size (Value) Estimates & Forecast By Application,2023-203017.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203018. Germany Global Tofu Market Analysis and Forecasts,2023-203018.1. Market Size (Value) Estimates & Forecast By Product,2023-203018.2. Market Size (Value) Estimates & Forecast By Application,2023-203018.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203019. Italy Global Tofu Market Analysis and Forecasts,2023-203019.1. Market Size (Value) Estimates & Forecast By Product,2023-203019.2. Market Size (Value) Estimates & Forecast By Application,2023-203019.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203020. Spain Global Tofu Market Analysis and Forecasts,2023-203020.1. Market Size (Value) Estimates & Forecast By Product,2023-203020.2. Market Size (Value) Estimates & Forecast By Application,2023-203020.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203021. Sweden Global Tofu Market Analysis and Forecasts,2023-203021.1. Market Size (Value) Estimates & Forecast By Product,2023-203021.2. Market Size (Value) Estimates & Forecast By Application,2023-203021.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203022. CIS Countries Global Tofu Market Analysis and Forecasts,2023-203022.1. Market Size (Value) Estimates & Forecast By Product,2023-203022.2. Market Size (Value) Estimates & Forecast By Application,2023-203022.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203023. Rest of Europe Global Tofu Market Analysis and Forecasts,2023-203023.1. Market Size (Value) Estimates & Forecast By Product,2023-203023.2. Market Size (Value) Estimates & Forecast By Application,2023-203023.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203024. Asia Pacific Global Tofu Market Analysis and Forecasts,2023-203024.1. Market Size (Value) Estimates & Forecast By Product,2023-203024.2. Market Size (Value) Estimates & Forecast By Application,2023-203024.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203025. Asia Pacific Global Tofu Market Analysis and Forecasts, by Country25.1. Market Size (Value) Estimates & Forecast By Country,2023-203025.1.1. China25.1.2. India25.1.3. Japan25.1.4. South Korea25.1.5. Australia25.1.6. ASEAN25.1.7. Rest of Asia Pacific26. China Global Tofu Market Analysis and Forecasts,2023-203026.1. Market Size (Value) Estimates & Forecast By Product,2023-203026.2. Market Size (Value) Estimates & Forecast By Application,2023-203026.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203027. India Global Tofu Market Analysis and Forecasts,2023-203027.1. Market Size (Value) Estimates & Forecast By Product,2023-203027.2. Market Size (Value) Estimates & Forecast By Application,2023-203027.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203028. Japan Global Tofu Market Analysis and Forecasts,2023-203028.1. Market Size (Value) Estimates & Forecast By Product,2023-203028.2. Market Size (Value) Estimates & Forecast By Application,2023-203028.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203029. South Korea Global Tofu Market Analysis and Forecasts,2023-203029.1. Market Size (Value) Estimates & Forecast By Product,2023-203029.2. Market Size (Value) Estimates & Forecast By Application,2023-203029.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203030. Australia Global Tofu Market Analysis and Forecasts,2023-203030.1. Market Size (Value) Estimates & Forecast By Product,2023-203030.2. Market Size (Value) Estimates & Forecast By Application,2023-203030.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203031. ASEAN Global Tofu Market Analysis and Forecasts,2023-203031.1. Market Size (Value) Estimates & Forecast By Product,2023-203031.2. Market Size (Value) Estimates & Forecast By Application,2023-203031.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203032. Rest of Asia Pacific Global Tofu Market Analysis and Forecasts,2023-203032.1. Market Size (Value) Estimates & Forecast By Product,2023-203032.2. Market Size (Value) Estimates & Forecast By Application,2023-203032.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203033. Middle East Africa Global Tofu Market Analysis and Forecasts,2023-203033.1. Market Size (Value) Estimates & Forecast By Product,2023-203033.2. Market Size (Value) Estimates & Forecast By Application,2023-203033.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203034. Middle East Africa Global Tofu Market Analysis and Forecasts, by Country34.1. Market Size (Value) Estimates & Forecast by Country,2023-203034.1.1. South Africa34.1.2. GCC Countries34.1.3. Egypt34.1.4. Nigeria34.1.5. Rest of ME&A35. South Africa Global Tofu Market Analysis and Forecasts,2023-203035.1. Market Size (Value) Estimates & Forecast By Product,2023-203035.2. Market Size (Value) Estimates & Forecast By Application,2023-203035.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203036. GCC Countries Global Tofu Market Analysis and Forecasts,2023-203036.1. Market Size (Value) Estimates & Forecast By Product,2023-203036.2. Market Size (Value) Estimates & Forecast By Application,2023-203036.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203037. Egypt Global Tofu Market Analysis and Forecasts,2023-203037.1. Market Size (Value) Estimates & Forecast By Product,2023-203037.2. Market Size (Value) Estimates & Forecast By Application,2023-203037.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203038. Nigeria Global Tofu Market Analysis and Forecasts,2023-203038.1. Market Size (Value) Estimates & Forecast By Product,2023-203038.2. Market Size (Value) Estimates & Forecast By Application,2023-203038.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203039. Rest of ME&A Global Tofu Market Analysis and Forecasts,2023-203039.1. Market Size (Value) Estimates & Forecast By Product,2023-203039.2. Market Size (Value) Estimates & Forecast By Application,2023-203039.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203040. South America Global Tofu Market Analysis and Forecasts,2023-203040.1. Market Size (Value) Estimates & Forecast By Product,2023-203040.2. Market Size (Value) Estimates & Forecast By Application,2023-203040.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203041. South America Global Tofu Market Analysis and Forecasts, by Country41.1. Market Size (Value) Estimates & Forecast by Country,2023-203041.1.1. Brazil41.1.2. Argentina41.1.3. Rest of South America42. Brazil Global Tofu Market Analysis and Forecasts,2023-203042.1. Market Size (Value) Estimates & Forecast By Product,2023-203042.2. Market Size (Value) Estimates & Forecast By Application,2023-203042.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203043. Argentina Global Tofu Market Analysis and Forecasts,2023-203043.1. Market Size (Value) Estimates & Forecast By Product,2023-203043.2. Market Size (Value) Estimates & Forecast By Application,2023-203043.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203044. Rest of South America Global Tofu Market Analysis and Forecasts,2023-203044.1. Market Size (Value) Estimates & Forecast By Product,2023-203044.2. Market Size (Value) Estimates & Forecast By Application,2023-203044.3. Market Size (Value) Estimates & Forecast By Distribution Channels,2023-203045. Competitive Landscape45.1. Geographic Footprint of Major Players in the Global Tofu Market45.2. Competition Matrix45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Distribution Channels, and R&D Investment45.2.2. New Product Launches and Product Enhancements45.2.3. Market Consolidation45.2.3.1. M&A by Regions, Investment, and Verticals45.2.3.2. M&A, Forward Integration and BackwardIntegration45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements45.3. Company Profile: Key Players45.3.1. Pulmuone45.3.1.1. Company Overview45.3.1.2. Financial Overview45.3.1.3. Geographic Footprint45.3.1.4. Product Portfolio45.3.1.5. Business Strategy45.3.1.6. Recent Developments45.3.2. Hain Celestial Group45.3.3. Sagamiya Foods45.3.4. CJ CheilJedang45.3.5. Zuming Bean Products45.3.6. House Foods America Corporation45.3.7. Morinaga Milk45.3.8. Shanghai Tramy Green Food Group45.3.9. Hangzhou Bean Food45.3.10. Shenyang Fulai Food Industrial45.3.11. Sunrise Soya Foods45.3.12. Vitasoy International Holdings Limited45.3.13. Kikkoman Corporation45.3.14. Nasoya45.3.15. Soyarich Foods45.3.16. Invigorate Foods45.3.17. Kong Kee Food45.3.18. Other Key Players46. Primary Key Insights