Tofu Market Size, Share & Trends Analysis Report By Product (Processed, Unprocessed), By Distribution Channel (Supermarkets & Hypermarkets, Grocery Stores, Online) By Region, And Segment Forecasts, 2025 - 2030

November 2024 | 90 pages | ID: TED8E6A2924AEN
Grand View Research, Inc.

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Tofu Market Growth & Trends

The global tofu market size is estimated treach USD 3.85 billion by 2030, registering tgrow at a CAGR of 3.3% from 2025 t2030 according ta new report by Grand View Research, Inc. Rising adoption of vegan diet owing tawareness regarding the advantages of plant-based foods among consumers from developed economies including U.S. and Germany is expected tremain a key growth driver. Furthermore, increasing number of people suffering from lactose intolerance and glutamic disorders is projected tplay 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 tgain market penetration among health conscious consumers including gym and sports enthusiasts.

The supermarkets & hypermarkets segment dominated the global tofu market in 2024, these channels allow consumers tchoose the products type and quantity as per their requirements. Due tless operating and selling overheads, the buyers benefit on account of less prices. Majority of supermarkets alsprovide quality assurance in terms of the choice of physical verification of the product before making the purchase decision. The convenience of buying due tthe availability of a large number of products at a single selling platform attracts buyers topt for these channels.

Online distribution channel is expected tbe the fastest growing category on account of rising consumer preference due tthe 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 2024, Asia Pacific held the leading market share of 55.9%. Growing awareness regarding healthy products among consumers from developing countries such as China and India is expected tboost 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 ttap 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 OilliGroup, Ltd.; and Eden Foods. Companies are adopting mergers and acquisitions strategy texpand their market share. For instance, in January 2018, Keystone Natural Holdings LLC acquired Canada based Superior Tofu Ltd.

Tofu Market Report Highlights
    • The processed segment accounted for the largest share of 72.9% in 2024. This segment includes tofu products that have undergone various processing methods tenhance their flavor, texture, and shelf life.
  • The supermarkets & hypermarkets segment dominated the global tofu market in 2024, driven by the widespread availability and variety of tofu products in these large retail spaces.
    • The Asia Pacific power rental systems market dominated the global market and accounted for 38.5% in 2024 attributed trapid industrialization and urbanization across the region.
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
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot

CHAPTER 3. TOFU MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Parent Market Outlook
  3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
  3.3.1. Market Driver Analysis
  3.3.2. Market Restraint Analysis
3.4. Industry Analysis Tools
  3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies

CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS

4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

CHAPTER 5. TOFU MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

5.1. Tofu Market, By Product: Key Takeaways
5.2. Product Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
  5.3.1. Processed
    5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  5.3.2. Unprocessed
    5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 6. TOFU MARKET: DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS

6.1. Tofu Market, By Distribution Channel: Key Takeaways
6.2. Distribution channel Movement Analysis & Market Share, 2024 & 2030
6.3. Market Estimates & Forecasts, by Distribution Channel, 2018 - 2030 (USD Million)
  6.3.1. Supermarkets & Hypermarkets
    6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  6.3.2. Grocery Stores
    6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  6.3.3. Online
    6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  6.3.4 Specialty Stores
    6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 7. TOFU MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Tofu Market: Regional Outlook
7.2. Regional Marketplaces: Key Takeaways
7.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Million)
  7.3.1. North America
    7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.1.2. U.S.
      7.3.1.2.1. Key country dynamics
      7.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.1.3. Canada
      7.3.1.3.1. Key country dynamics
      7.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.1.4. Mexico
      7.3.1.4.1. Key country dynamics
      7.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  7.3.2. Europe
    7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.2.2. UK
      7.3.2.2.1. Key country dynamics
      7.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.2.3. Germany
      7.3.2.3.1. Key country dynamics
      7.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.2.4. France
      7.3.2.4.1. Key country dynamics
      7.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.2.5. Italy
      7.3.2.5.1. Key country dynamics
      7.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.2.6. Spain
      7.3.2.6.1. Key country dynamics
      7.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  7.3.3. Asia Pacific
    7.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.3.2. China
      7.3.3.2.1. Key country dynamics
      7.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.3.3. India
      7.3.3.3.1. Key country dynamics
      7.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.3.4. Japan
      7.3.3.4.1. Key country dynamics
      7.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.3.5. Australia & New Zealand
      7.3.3.5.1. Key country dynamics
      7.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.3.6. South Korea
      7.3.3.6.1. Key country dynamics
      7.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  7.3.4. Latin America
    7.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.4.2. Brazil
      7.3.4.2.1. Key country dynamics
      7.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  7.3.5. Middle East & Africa
    7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    7.3.5.2. South Africa
      7.3.5.2.1. Key country dynamics
      7.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 8. TOFU MARKET: COMPETITIVE ANALYSIS

8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2024 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
  8.9.1. Invigorate Foods
    8.9.1.1. Company Overview
    8.9.1.2. Financial Performance
    8.9.1.3. Product Portfolios
    8.9.1.4. Strategic Initiatives
  8.9.2. Hain Celestial
    8.9.2.1. Company Overview
    8.9.2.2. Financial Performance
    8.9.2.3. Product Portfolios
    8.9.2.4. Strategic Initiatives
  8.9.3. House Foods Group Inc.
    8.9.3.1. Company Overview
    8.9.3.2. Financial Performance
    8.9.3.3. Product Portfolios
    8.9.3.4. Strategic Initiatives
  8.9.4. Hugli Holding Company
    8.9.4.1. Company Overview
    8.9.4.2. Financial Performance
    8.9.4.3. Product Portfolios
    8.9.4.4. Strategic Initiatives
  8.9.5. Pulmuone Co., Ltd
    8.9.5.1. Company Overview
    8.9.5.2. Financial Performance
    8.9.5.3. Product Portfolios
    8.9.5.4. Strategic Initiatives
  8.9.6. The Nisshin Oillio Group, Ltd.
    8.9.6.1. Company Overview
    8.9.6.2. Financial Performance
    8.9.6.3. Product Portfolios
    8.9.6.4. Strategic Initiatives
  8.9.7. San Jose Tofu
    8.9.7.1. Company Overview
    8.9.7.2. Financial Performance
    8.9.7.3. Product Portfolios
    8.9.7.4. Strategic Initiatives
  8.9.8. Tofurky
    8.9.8.1. Company Overview
    8.9.8.2. Financial Performance
    8.9.8.3. Product Portfolios
    8.9.8.4. Strategic Initiatives
  8.9.9. Eden Foods
    8.9.9.1. Company Overview
    8.9.9.2. Financial Performance
    8.9.9.3. Product Portfolios
    8.9.9.4. Strategic Initiatives
  8.9.10. Morinaga & Company
    8.9.10.1. Company Overview
    8.9.10.2. Financial Performance
    8.9.10.3. Product Portfolios
    8.9.10.4. Strategic Initiatives


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