Data Bridge Market Research analyses that the tempeh market was valued at a USD 133 million in 2021 is expected to reach the value of USD 421.22 million by 2029, at a CAGR of 15.50 % during the forecast period of 2022-2029.

Market Analysis and Size

Various meat-related diseases have influenced people's dietary and culinary preferences for meat products, particularly those containing red meat. On the contrary, demand for meat substitutes such as tempeh has been steadily increasing in recent years.

Data Bridge Market Research analyses that the tempeh market was valued at a USD 133 million in 2021 is expected to reach the value of USD 421.22 million by 2029, at a CAGR of 15.50 % during the forecast period of 2022-2029.

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Market Definition

Tempeh is made by fermenting soybeans and using the fungus Rhizopus oligosporus. It is a fermented soy cake product that can be eaten as a snack or with rice in regular meals. It has a high nutritional value and is commonly used in vegetarian cuisines around the world. Furthermore, tempeh contains high levels of vitamins B2, B6, B3, and B5, as well as phosphorus, magnesium, fibre, calcium, iron, protein, and other nutrients. Tempeh is the most popular and widely available product on the market, and it is also the best substitute for meat-based products and meat.

Global Tempeh Market Scope

The tempeh market is segmented on the basis of source, nature, flavour, product type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Soybean
• Multigrain
• Others

Nature

• Organic
• Conventional

Flavour

• Plain
• Herbs
• Spice

Product type

• Frozen
• Fresh
• Ready-to-Eat

Distribution channel

• Direct
• Indirect

Tempeh Market Regional Analysis/Insights

The tempeh market is analysed and market size insights and trends are provided by country, source, nature, flavour, product type and distribution channel as referenced above.

The countries covered in the tempeh market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Competitive Landscape and Tempeh Market Share Analysis

The tempeh market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tempeh market.

Some of the major players operating in the tempeh market are:

• Beyond Meat (U.S.)
• Impossible Foods Inc. (U.S.)
• Danone SA (France)
• Garden Protein International, Inc. (Canada)
• Amy's Kitchen Inc. (U.S.)
• Plamil Foods Ltd. (U.K.)
• The Hain Celestial Group, Inc. (U.S.)
• Sahmyook Foods (South Korea)
• Sanitarium Health and Wellbeing Company (Australia)
• Axiom Foods (U.S.)
• Daiya Foods Inc. (Canada)
• Earth's Own Food Company Inc. (Canada)
• Lightlife Foods, Inc. (U.S.)
• Marlow Foods Ltd. (U.K.)
• Taifun –Tofu GmbH (Germany)
• Atlantic Natural Foods LLC (U.S.)
• VBIte Foods Ltd (U.K.)
• Nutrisoy Pty Ltd. (Australia)

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