Global Tempeh Market Outlook, Opportunities And Strategies
Learn about the global tempeh market through The Business Research Company, which provides information on tempeh market size, tempeh market drivers and restraints, tempeh market players, the COVID-19 impact on the tempeh market, and more.
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The global tempeh market size is expected to grow from $4.53 billion in 2021 to $4.89 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.41 billion in 2026 at a CAGR of 7%.
The increasing popularity and demand for the vegan diet is expected to drive innovation in tempeh manufacturing, thus driving the market during the forecast period.
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The tempeh market consists of sales of tempeh products by entities (organization, sole-trader, and partnership) that is a high-protein food made from partially cooked, fermented soybean. Tempeh is produced by a controlled fermentation and natural culturing process which combines soybeans into a cake form. The fungus Rhizopus oligosporus, often known as a tempeh starter, is utilised in the fermentation procedure.
Global Tempeh Market Segments Include:
By Product Type: Frozen, Fresh And Ready-To-Eat
By Nature: Organic And Conventional
By Flavour: Plain, Herbs And Spice
By Source: Soybean, Multigrain, Others
By Distribution Channel: Hypermarket, Specialty Retail, Convenience Stores, Traditional Groceries And Online Retailers
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the tempeh market in 2021.
Collaborations and partnerships has emerged as a key trend in the tempeh market. Major companies operating in the tempeh sector are focused on collaborations and partnerships to enhance their market share and meet the customer demand.
TBRC’s tempeh market report covers:
Major Market Players: Nutrisoy Pty Ltd., Mighty Bean Tempeh, Totally Tempeh, Margaret River Tempeh, Turtle Island Foods, Primasoy, Gwen Tempeh, Natural Oriental Fresh Foods BV, Alive and Healing, Henry’s Tempeh, Lightlife Foods Inc., Squirrel & Crow Soy-Free Tempeh, Tootie’s Tempeh, Tempeh Tantrum, and The Hearty Vegan.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Tempeh Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides tempeh market overviews, analyses and forecasts market size, share, tempeh market players, tempeh market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s tempeh market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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