
The global tofu market is forecast to grow at a CAGR of 5.2%!
Significant growth in the food and beverage industry and increasing consumer preference for vegan food is one of the key factors driving the market growth. Consistent with this, increased health awareness and various lifestyle disorders have led to the widespread adoption of low-fat and low-cholesterol vegetarian and soy foods. In addition, the continuous introduction of innovative product diversity, such as tofu sauce, burgers, hot dogs, ice cream, shakes and desserts, is another growth factor. Restaurants, cafes and other eateries are experimenting with many flavors and tofu combinations to offer customers innovative and unique dishes.
In addition, the global premiumization of gluten-free and low-carb diets has also promoted the inclusion of organic tofu in the diet. Other factors, including aggressive promotions by manufacturers on social media platforms, easy availability of products through various e-commerce retail chains, rising consumer spending, and rapid urbanization are expected to further drive the market.
Reference sources:
https://finance.yahoo.com/news/global-tofu-market-2021-2026-174500521.html
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