Inclination towards vegan diet enhances the tofu market

Market - Mohit Shah - May 30,2017

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inclination towards vegan diet enhances the tofu market

According to reports, the global market for tofu is anticipated to grow at a CAGR of 4.02% during 2017-2021.

Tofu is prepared by coagulating soy milk and later pressing the resulting curds into soft white blocks. This food item can be soft, silken, firm and extra firm. It possesses a subtle flavor and can be used in both sweet and savory dishes. Interestingly, tofu is naturally low-calorie and gluten-free which makes it a popular food item among the consumer population worldwide.

As per a research report published by Market Research Hub (MRH), the market for tofu is forecasted to grow at a CAGR of 4.02% until 2021. Presently, the increasing acceptance of vegan diets among people due to the growing concern towards animal rights has created a need for effective alternative options. Hence, tofu has increasingly gained approval particularly as a vegetarian and vegan approved source of protein.

Moreover, it has been observed that one of the major reasons for this adoption is due to significant threats posed by meat-based food items, as they increase the risk of cancer and also damages the kidney due to excessive consumption. Hence, this would work to push the growth of the tofu market in the near future due to its striking health benefits.

Considering the geographical expanse for the worldwide tofu market, the regions including the Americas, APAC and EMEA are seen as the prosperous & dominant sectors. Among these, countries such as China, U.S. and Japan enjoy a significant market share. Presently, the top manufacturers active in different regions cherishing the steady market growth include names such as Hain Celestial, Pulmuone, Hgli Holding, House Foods Group, VITASOY and MORINAGA. Other prominent vendors include Eden Foods, Tofurky, Kikkoman, San Jose Tofu, Amy’s Kitchen and The Nisshin OilliO.  


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