Global Tofu Market Overview:
Tofu is made from soybean curds. It is naturally gluten-free and low in calories. It contains no cholesterol and is an excellent source of iron and calcium. Tofu is an important source of protein, especially for vegetarians and vegans. Moreover, it is available for purchase in health food stores and online. According to AMA, the Global Tofu market is expected to see growth rate of 5.1%
Growth Drivers
- Increasing health consciousness among the People
- Health Benefits Associated with Tofu Consumption
Roadblocks
- Soybean Prices Fluctuations
Opportunities
- The Increasing Number of Vegan People Worldwide
- The Growth Opportunities from Developing Countries
Competitive Landscape:
Some of the key players profiled in the report are Hain Celestial Group (United States), House Foods Group (Japan), Hügli Holding (United Kingdom), Morinaga & Company (Japan), Pulmuone (South Korea), VITASOY (Hong Kong), Sunrise Soy Foods (Canada), The Nisshin Oillio (Japan), San Jose Tofu (United States) and Tofurky (United States). Additionally, following companies can also be profiled that are part of our coverage like Eden Foods, Inc. (United States), Morinaga & Company (Japan), Kikkoman (Japan) and Amy's Kitchen (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Tofu market by 2025. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Tofu market.
Recently, Pulmuone Foods Co. Ltd. has announced its agreement to purchase substantially all of the assets of Vitasoy USA Inc., which includes acquiring the Nasoya brand, America’s number one tofu brand, and solidifying its position as the world’s leading Tofu Company with strong operations footholds within the global tofu markets of Korea, U.S., Japan and China.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tofu market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Tofu market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Tofu Manufacturers, Tofu Raw Material Suppliers, Tofu Traders/Distributors, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.