Global Tofu Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Distribution Channel;

Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Online Retailers and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn178654288 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Tofu Market (USD Million), 2021 - 2031

In the year 2024, the Global Tofu Market was valued at USD 2,402.72 million. The size of this market is expected to increase to USD 3,846.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The global tofu market has emerged as a significant segment within the broader plant-based protein industry, experiencing steady growth driven by changing consumer preferences towards healthier and sustainable food choices. Tofu, also known as bean curd, is a versatile soy-based product that has deep roots in Asian culinary traditions but has gained widespread popularity worldwide. It is valued for its high protein content, low saturated fat, and versatility in various cuisines, making it a staple ingredient in both vegetarian and non-vegetarian diets.

One of the primary drivers of growth in the global tofu market is the increasing adoption of vegetarian, vegan, and flexitarian diets across different demographic segments. Tofu serves as a nutritious alternative to meat and dairy products, offering essential amino acids, minerals like iron and calcium, and beneficial phytochemicals. Its neutral taste allows for easy incorporation into a wide range of dishes, from stir-fries and soups to desserts and smoothies, appealing to consumers seeking protein-rich options that are also environmentally sustainable.

North America and Europe are prominent markets for tofu, fueled by a growing consumer awareness of health and wellness benefits associated with plant-based proteins. These regions witness robust demand for tofu products in both retail and food service sectors, driven by trends towards clean label ingredients and the rising popularity of ethnic cuisines that feature tofu prominently. In Asia-Pacific, where tofu originates, countries like China, Japan, and South Korea continue to dominate both production and consumption, supported by a cultural affinity for tofu and its versatile culinary applications.

Looking forward, the global tofu market is poised for continued expansion, supported by innovations in product formulations, increased availability of tofu-based products in mainstream retail outlets, and strategic marketing initiatives aimed at educating consumers about tofu's nutritional benefits and culinary versatility. As sustainability concerns and health-conscious lifestyles continue to shape consumer preferences, tofu stands poised to play a crucial role in meeting the growing demand for nutritious, plant-based protein alternatives globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Distribution Channel
    2. Market Snapshot, By Region
  4. Global Tofu Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing adoption of vegetarian, vegan, and flexitarian diets
        2. Growing awareness of health benefits associated with tofu consumption
        3. Versatility and culinary appeal of tofu in various cuisines
      2. Restraints
        1. Perception challenges and taste preferences in certain regions
        2. Competition from other plant-based protein sources
        3. Supply chain complexities and distribution challenges
      3. Opportunities
        1. Expansion into emerging markets in Asia-Pacific and Latin America
        2. Innovation in tofu product formulations and flavors
        3. Partnerships with food service providers and restaurants
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Tofu Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets/Hypermarkets
      2. Convenience Stores
      3. Specialist Stores
      4. Online Retailers
      5. Others
    2. Global Tofu Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Hain Celestia
      2. House Foods Group
      3. Pulmuone Co., Ltd
      4. Vitasoy International Holdings Limited
      5. Tofurky
      6. Eden Foods
      7. Morinaga & Company
      8. Kikkoman Corporation
      9. Amy's Kitchen
  7. Analyst Views
  8. Future Outlook of the Market