Tofu Market Size, Share & Trends Analysis Report By Distribution Channel (Supermarkets & Hypermarkets, Grocery Stores, Online, Specialty Stores), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global tofu market size is expected to reach USD 3.28 billion by 2025, according to a new report by Grand View Research, Inc. 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.

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
                  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 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
                       3.4.1. Market Driver Analysis
                       3.4.2. Market Restraint Analysis
                       3.4.3. Industry Challenges
                       3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                       3.5.1. Industry Analysis - Porter's
                           3.5.1.1. Supplier Power
                           3.5.1.2. Buyer Power
                           3.5.1.3. Substitution Threat
                           3.5.1.4. Threat from New Entrant 
                           3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of Tofu Market
                  3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Product Adoption 
                  4.4. Observations & Recommendations
Chapter 5. Tofu Market: Distribution Channel Estimates & Trend Analysis
                  5.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                  5.2. Supermarkets & Hypermarkets
                       5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Grocery Stores
                       5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.4. Online
                       5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.5. Specialty Stores
                       5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Tofu Market: Regional Estimates & Trend Analysis
                  6.1. Regional Movement Analysis & Market Share, 2018 & 2025
                  6.2. North America
                       6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       6.2.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       6.2.3. U.S.
                           6.2.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           6.2.3.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       6.2.4. Canada
                           6.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           6.2.4.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  6.3. Europe
                       6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       6.3.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million))
                       6.3.3. U.K.
                           6.3.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           6.3.3.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       6.3.4. Germany
                           6.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           6.3.4.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  6.4. Asia Pacific
                       6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       6.4.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       6.4.3. China 
                           6.4.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           6.4.3.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       6.4.4. Japan
                           6.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           6.4.4.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  6.5. Central & South America
                       6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       6.5.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       6.5.3. Brazil
                           6.5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           6.5.3.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  6.6. Middle East & Africa (MEA)
                       6.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       6.6.2. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 7. Competitive Analysis
                  7.1. Key global players, recent developments & their impact on the industry
                  7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                  7.3. Vendor Landscape
                       7.3.1. Key company market share analysis, 2018
Chapter 8. Company Profiles
                  8.1. Invigorate Foods
                       8.1.1. Company Overview
                       8.1.2. Financial Performance
                       8.1.3. Product Benchmarking
                       8.1.4. Strategic Initiatives
                  8.2. Hain Celestial
                       8.2.1. Company Overview
                       8.2.2. Financial Performance
                       8.2.3. Product Benchmarking
                       8.2.4. Strategic Initiatives
                  8.3. House Foods Group Inc.
                       8.3.1. Company Overview
                       8.3.2. Financial Performance
                       8.3.3. Product Benchmarking
                       8.3.4. Strategic Initiatives
                  8.4. Hugli Holding Company
                       8.4.1. Company Overview
                       8.4.2. Financial Performance
                       8.4.3. Product Benchmarking
                       8.4.4. Strategic Initiatives
                  8.5. Pulmuone Co., Ltd
                       8.5.1. Company Overview
                       8.5.2. Financial Performance
                       8.5.3. Product Benchmarking
                       8.5.4. Strategic Initiatives
                  8.6. The Nisshin Oillio Group, Ltd.
                       8.6.1. Company Overview
                       8.6.2. Financial Performance
                       8.6.3. Product Benchmarking
                       8.6.4. Strategic Initiatives
                  8.7. San Jose Tofu
                       8.7.1. Company Overview
                       8.7.2. Financial Performance
                       8.7.3. Product Benchmarking
                       8.7.4. Strategic Initiatives
                  8.8. Tofurky
                       8.8.1. Company Overview
                       8.8.2. Financial Performance
                       8.8.3. Product Benchmarking
                       8.8.4. Strategic Initiatives
                  8.9. Eden Foods
                       8.9.1. Company Overview
                       8.9.2. Financial Performance
                       8.9.3. Product Benchmarking
                       8.9.4. Strategic Initiatives
                  8.10. Morinaga & Company
                       8.10.1. Company Overview
                       8.10.2. Financial Performance
                       8.10.3. Product Benchmarking
                       8.10.4. Strategic Initiatives

List of Tables

1. Tofu - Key market driver analysis
2. Tofu - Key market restraint analysis 
3. Global tofu market estimates and forecast from supermarkets and hypermarkets, 2015 - 2025 (USD Million)
4. Global tofu market estimates and forecast from grocery stores, 2015 - 2025 (USD Million)
5. Global tofu market estimates and forecast from online, 2015 - 2025 (USD Million)
6. Global tofu market estimates and forecast from specialty stores, 2015 - 2025 (USD Million)
7. North America tofu market estimates and forecast, 2015 - 2025 (USD Million)
8. North America tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
9. U.S. tofu market estimates and forecast, 2015 - 2025 (USD Million)
10. U.S. tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
11. Canada tofu market estimates and forecast, 2015 - 2025 (USD Million)
12. Canada tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
13. Europe tofu market estimates and forecast, 2015 - 2025 (USD Million)
14. Europe tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
15. U.K. tofu market estimates and forecast, 2015 - 2025 (USD Million)
16. U.K. tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
17. Germany tofu market estimates and forecast, 2015 - 2025 (USD Million)
18. Germany tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
19. Asia Pacific tofu market estimates and forecast, 2015 - 2025 (USD Million)
20. Asia Pacific tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
21. China tofu market estimates and forecast, 2015 - 2025 (USD Million)
22. China tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 
23. China tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
24. Japan tofu market estimates and forecast, 2015 - 2025 (USD Million)
25. Japan tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
26. Central & South America tofu market estimates and forecast, 2015 - 2025 (USD Million)
27. Central & South America tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
28. Brazil tofu market estimates and forecast, 2015 - 2025 (USD Million)
29. Brazil tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
30. MEA tofu market estimates and forecast, 20145 - 2025 (USD Million)
31. MEA tofu market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
32. Vendor landscape

List of Figures

1. Tofu market snapshot 
2. Tofu market segmentation & scope
3. Tofu market penetration & growth prospect mapping
4. Tofu value chain analysis
5. Tofu market dynamics
6. Tofu market Porter's analysis 
7. Tofu market: Distribution channel movement analysis
8. Tofu market: Distribution channel movement analysis 
9. Tofu market: Regional movement analysis