21-aug-19 The global tofu market size is expected to reach USD 3.28 billion by 2025, according to a new report. It is anticipated to expand at a CAGR of 5.2% during the forecast period. Rising adoption of vegan diet owing to awareness regarding the advantages of plant-based foods among consumers from developed economies including U.S. and Germany is expected to remain a key growth driver. Furthermore, increasing number of people suffering from lactose intolerance and glutamic disorders is projected to play a key role in increasing the importance of dairy alternatives including tofu.
Tofu products are consumed as functional foods as they contain isoflavones which help lower the risk of breast cancer and cardiovascular diseases. Furthermore, the product is a rich source of iron, calcium, phosphorous, zinc, sodium, potassium, and magnesium among others. Therefore, tofu is expected to gain market penetration among health conscious consumers including gym and sports enthusiasts.
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Supermarkets and hypermarkets distribution channel held a market share of 56.5% in 2018. These channels allow consumers to choose the products type and quantity as per their requirements. Due to less operating and selling overheads, the buyers benefit on account of less prices. Majority of supermarkets also provide quality assurance in terms of the choice of physical verification of the product before making the purchase decision. The convenience of buying due to the availability of a large number of products at a single selling platform attracts buyers to opt for these channels.
Online distribution channel is expected to be the fastest growing category on account of rising consumer preference due to the ease of product comparison and doorstep delivery service. Some of the key online retailers of operating in the tofu market include Amazon, AliExpress, and Grofers among others.
In 2018, Asia Pacific held the leading market share of 56.3%. Growing awareness regarding healthy products among consumers from developing countries such as China and India is expected to boost the market growth. Japan is one of the largest tofu consumers in the region. Over the past few years, some of the manufacturers from North America and Europe have started their strategic business units in Japan to tap increased buyers base.
Key market participants include Invigorate Foods; Hugli Holding Company; Hain Celestial; Pulmuone Co., Ltd; House Foods Group Inc.; San Jose Tofu; Tofurky; The Nisshin Oillio Group, Ltd.; and Eden Foods. Companies are adopting mergers and acquisitions strategy to expand their market share. For instance, in January 2018, Keystone Natural Holdings LLC acquired Canada based Superior Tofu Ltd.
Further key findings from the report suggest:
• Online segment of the tofu market is expected to expand at a CAGR of 7.8% from 2019 to 2025
• Specialty stores generated a revenue of USD 187.6 million in 2018
• North America is expected to witness the fastest CAGR of 6.1% from 2019 to 2025
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
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Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Tofu Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
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The global Tofu market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025.This report focuses on Tofu volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Tofu market size by analyzing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.Key Benefits for Tofu Market:This study includes the global Tofu market analysis, trends, and future estimations to determine the imminent investment pockets.The report presents information related to key drivers, restraints, and global Tofu market opportunity.The global Tofu market size is quantitatively analyzed from 2014 to 2024 to highlight the financial competency of the Tofu industry.Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-tofu-2019-455The following manufacturers are covered:Hain CelestialAmy's KitchenHugli Holding CompanyMorinagaPulmuoneVitasoyHouse Foods GroupKikkomanSan Jose TofuEden FoodsThe Nisshin OilliOTofurkySegment by RegionsNorth AmericaEuropeChinaJapanSegment by TypeProcessedUnprocessedSegment by ApplicationRestaurantFood FactoryOtherResearch objectivesTo study and analyze the global Tofu consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Tofu market by identifying its various subsegments.Focuses on the key global Tofu manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Tofu with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Tofu submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC at https://www.24marketreports.com/food-and-beverages/global-tofu-2019-455CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
The Global Tofu Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Tofu Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/39466-tofu-market-reportThe report also covers the complete competitive landscape of the global Tofu market with company profiles of key players such as: Hain CelestialAmy’s KitchenHugli Holding CompanyMorinagaPulmuoneVitasoyHouse Foods GroupKikkomanSan Jose TofuEden FoodsThe Nisshin OilliOTofurkyThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeProcessedUnprocessedBy ApplicationRestaurantFood FactoryOtherBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Tofu Market @ https://www.decisiondatabases.com/contact/download-sample-39466The Global Tofu Market has been exhibited in detail in the following chapters –Chapter 1 Tofu Market Preface Chapter 2 Executive SummaryChapter 3 Tofu Industry AnalysisChapter 4 Tofu Market Value Chain AnalysisChapter 5 Tofu Market Analysis By TypeChapter 6 Tofu Market Analysis By ApplicationChapter 7 Tofu Market Analysis By GeographyChapter 8 Competitive Landscape Of Tofu CompaniesChapter 9 Company Profiles Of Tofu IndustryPurchase the complete Global Tofu Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-39466Other Reports by DecisionDatabases.com:Global Soy Milk Powder Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Soy Granules Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Soy Flour Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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