Tofu is prepared from soybean curds. It is unsurprisingly gluten-free and low in calories. It contains no cholesterol and is an exceptional source of iron and calcium. Tofu is made by congealing soymilk to produce curds. The curds are then constrained and compressed into the gelatinous white chunks recognized as tofu. It’s a decent source of lean plant-based protein. A half-cup of tofu provides 10 grams of protein for merely 88 calories (that’s about half as much protein, but 45 less calories than the similar quantity of roasted, skinless chicken).
According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), the global soy milk market driving factors are increasing demand for lactose-free food products due to the ease of digest which is likely to contribute significantly to the revenue growth of global soy milk market till 2025.
Related Projects: – Soya Bean Products Manufacturing (Soya Milk, Soya Paneer & Soya Extract)
Growing Demand for Vegan Diet: –
Shifting consumer interest from animal products is majorly because of people’s increasing concern about animal prosperity, personal vigour, and most significantly, sustainability. The consumption of animal protein is linked with high cholesterol level, fat, and calories, which increase the threat of cardiac disease, high blood sugar level, and obesity; hence, folks are displaying a predisposition toward the vegan source of protein. This has formed a decent podium for the tofu market advancement. Furthermore, young consumers are seeking a substitute for red meat, but at the same time they are not ready to give up protein; thus, they are moving to plant protein products, such as tofu, which is boosting the tofu market, worldwide.
Medical Benefits of Tofu: –
- Tofu has fibre, and high-fibre diets keep your colon healthy and colorectal cancer jeopardy low.
- Some studies advise soy foods like tofu prevent memory loss and trouble thinking as you get older.
- A study found a diet rich in tofu helped women with polycystic ovarian syndrome (PCOS) to lose weight.
- Research proposes the isoflavone in soy tofu might help skin look younger with rarer fine wrinkles.
Related Book: – Food Processing, Food Industry, Agriculture, Agro Processing, Processed Food
Market Dynamics: –
The global tofu market is projected to grow at a CAGR of 5.1% during the estimated period. The lower pricing and persuasive activities have also augmented the demand for tofu products in offline distribution networks, including in hypermarkets. In the similar hint, growing saturation of e-commerce for groceries especially in middle class populations is firming profitable opportunities in the tofu market. The number of lactose intolerant people are increasing in Asia-Pacific and US, which will reason customers to consume these products more. The chief contributing countries in Asia-Pacific region are China, Japan, South Korea, Vietnam, the Philippines, Thailand, and Indonesia. China is one of the fastest increasing market for soybean and is anticipated to be major exporter as well.
Consumer Preference: –
Tofu is incorporated in the preparation of a variety of foods such as burgers, hot dogs, sauces, ice creams, shakes, and desserts between others. Budding consumer fondness for premium products is expected to significantly influence the demand for organic tofu. Some of the current product diversities include firm, developed super firm, silken, and cubed firm tofu. Unprocessed tofu is generally in public demand. The significant growth in the food and beverage industry, along with increasing consumer preferences for vegan food products, is among the key factors driving the growth of the market. Key market players include Invigorate Foods; Hain Celestial; House Foods Group Inc.; Hugli Holding Company; Pulmuone Co., Ltd; The Nisshin Oillio Group, Ltd.; San Jose Tofu; Tofurky; Eden Foods; and Morinaga & Company.
Related Video: – Food Processing and Agriculture Based Projects
Indian Arcade: –
Indian soy beverages market is anticipated to record a CAGR of 3.8% throughout the conjecture period (2020-2025). In India tofu is slowly gaining popularity, so investing into tofu market for a profitable business is an excellent idea. Asia Pacific region led the market by holding a market revenue share of over 50.0% in the year 2018.Key players dominating the regional market include The Hershey Company, Life Health Foods India Private Limited, and Chetran Foods Private Limited.
Conclusion: –
Niir Project Consultancy Services (NPCS) provides various project reports on different segments. Not only the present market scenarios but also future market overawe is also shared in the report. For the further requirement of business investment in projects like these, kindly contact Niir Project Consultancy Services (NPCS).
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