Tofu Market

1. Tofu Market to see Rapid Growth by 2029 The global tofu market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period. Tofu has gained high popularity as an ingredient in many end-use applications due to its usage as an alternative for other milk products. Rapidly rising people's concern regarding animal welfare, personal health, and sustainability is driving a shift in consumer interest from animal to plant-based products. Animal-derived protein consumption is associated with high cholesterol, fat, and calorie levels, which increase the risk of cardiac disease, high blood sugar levels, and obesity; thus, people are inclined toward vegan protein sources. Such factors have considerably increased the pace of the tofu market's expansion. Furthermore, the young consumers are opting for an alternative to red meat, however they are not ready to give up protein; thus, they are switching to plant-based protein products, such as tofu and others, which is boosting the key market players to develop and launch plant- based tofu globally. For instance, To Request a Sample of our Report on Tofu Market https://www.omrglobal.com/request-sample/tofu-market In 2021, Tofoo Company launched UK's first frozen tofu, Tofoo Chunkies, to increase the consumer reach and accessibility to various tofu products. In 2021, House Foods Group invested in building a 350,000-sq-ft manufacturing plant for the production of tofu and tofu-based products for US consumers owing to increasing demand. in 2019, Japan-based food manufacturer Invigorate Foods invested over USD 8 million in India to boost its soy-based product offerings in the country. In the same year, the company launched a product Genki-Ya Tofu, made of fresh soy milk extracts. In 2019, Invigorate Foods spent around USD 8 million in the Indian market. The company also launched a product called GenkiYa Tofu. A full Report of Tofu Market https://www.omrglobal.com/industry-reports/tofu-market Market Coverage    The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered-    By Type By Product By Distribution Channel Regions Covered-      North America Europe Asia-Pacific Rest of the World Competitive Landscape- House Foods Group, Moringa & Co., Pulmuone Co., The Tofoo Co., Keystone Natural Holdings, and others. Key questions addressed by the report       What is the market growth rate? Which segment/region dominates the market in the base year? Which segment/region will project the fastest growth in the market? Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity? Global Tofu Market– Segmentation By Type   Organic Conventional By Product

2.   Processed Unprocessed By Distribution Channel    Supermarkets/Hypermarkets Convenience stores Online Retailers For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/tofu-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404