2020-2024 Health benefits of tofu will increase market demand
LONDON--(BUSINESS WIRE)--The global tofu market size is poised to grow by USD 140.37 million during 2020-2024, progressing at a CAGR of over 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The tofu market is driven by the health benefits of tofu. Tofu is one of the world's most concentrated sources of high-quality vegetable protein. The frozen, dried tofu has twice the protein of beef, fish, and chicken, and negligible cholesterol levels. It also contains a wide range of essential amino acids and is a rich source of calcium, iron, and phosphorus. Genistein, a predominant isoflavone present in soy, has antioxidant properties that hinder the growth of cancer cells. Soy isoflavones present in tofu are also known to decrease bone loss and increase bone mineral density during menopause.
Growing Adoption of the Vegan Lifestyle will be a Key Market Trend
Veganism has become a style of living and philosophy. The vegan diet strongly favors animal rights, and vegan consumers do not consume meat. This can positively affect the global tofu market, as vegan consumers will look out for more plant-based alternatives such as soy-based foods. Tofu has gained popularity over the years, especially as a vegetarian and vegan-approved source of protein. Vegan diet followers and healthy diet adopters are the major targeted consumers for soy milk and cream.
Reference:
https://www.businesswire.com/news/home/20201020005823/en/Tofu-Market-2020-2024-Health-Benefits-of-Tofu-will-Accelerate-Market-Demand-Technavio
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2020-2024 Health benefits of tofu will increase market demand | CE Certified Tofu Product Line, Soybean Soak & Wash Tank, Grinding & Cooking Machine Manufacturer | Yung Soon Lih Food Machine Co., Ltd.
Based in Taiwan since 1989, Yung Soon Lih Food Machine Co., Ltd. has been a food manufacturing machine manufacturer that is specilized in soy bean, soy milk and tofu making sectors. Unique design soy milk and tofu production lines built with ISO and CE certifications, sold in 40 countries with solid reputation.
Yung Soon Lih has more than 30 years of food machinery manufacturing and technical experience, professional production: Tofu Machine, Soy Milk Machine, Alfalfa Sprouts Germination Equipment, Grinding Machine, etc.