Tofu Market Size to be Majorly Driven by Rising Inclination Towards Plant Based Products Owing to Health & Fitness Benefits Till 2025 | Million Insights

In 2018, supermarkets & hypermarkets channels have dominated the tofu market with a share of over 50.0% in the market. Due to the low sales and operating overheads the consumer gets these products at an affordable price rate. Supermarkets also give quality assurance about the product while purchasing. The presence of a variety of product is gaining traction among consumer thus is anticipated to impact positively on the channel's growth. In 2018, supermarkets & hypermarkets channels have...

In 2018, supermarkets & hypermarkets channels have dominated the tofu market with a share of over 50.0% in the market. Due to the low sales and operating overheads the consumer gets these products at an affordable price rate. Supermarkets also give quality assurance about the product while purchasing. The presence of a variety of product is gaining traction among consumer thus is anticipated to impact positively on the channel's growth.

Online channels are projected to grow at a significant rate owing to the high offers on product buying such as discounts, home delivery services. Major e-retailers in the market are Grofers, AliExpress, Amazonand others.

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Asia Pacific region led the market by holding a market revenue share of over 50.0% in the year 2018. The growing awareness about the health benefits regarding tofu products in emerging countries like India and China. Japan holds the highest share in the market. Top manufacturers across the globe have their units in the Japanese market.

Leading players in the market include House Foods Group Inc., Invigorate Foods, Hugli Holding Company, Hain Celestial, Pulmuone Co., Ltd, San Jose Tofu, and Tofurky. Companies engage in strategic merger & acquisitions and new product launches to increase their reach across the world. For example, Inviogorate Foods has launched new product called Genkiya tofu in the Indian market.

Further key findings from the report suggest:

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Million Insights has segmented the tofu market based on distribution channel, and region:

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