Due to the high protein and calcium content of meat substitutes such tempeh, tofu, seitan, etc., consumption is typically noted among people who choose a vegan diet.
Manufacturers in the worldwide tempeh market are concentrating on investing in R&D to extend their product portfolio by releasing new types of meat substitutes with diverse flavours, catering to different taste preferences, in order to meet this growing demand.
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Tempeh Market Trends
Frozen Meat Substitutes Gaining Steam: The concept of frozen food is growing at a steady pace, with awareness regarding various advantages of frozen food triggering their consumption on a large scale.
In addition, nutritional value provided by frozen food is relatively higher than fresh food, as the freezing of food items prevents the loss of essential proteins and vitamins during their transport or storage. Frozen tempeh is gaining significant traction in the global tempeh market, although fresh tempeh is still expected to hold a lion’s share of the market.
Rapidly Expanding Food Chain Services & Online Stores Aiding Market Growth: Manufacturers are continuously striving to enhance their presence across the globe and expand their tempeh market share. Foodservice providers have a proven record of higher sales of meat substitutes such as tempeh across various countries, and this is a highly lucrative end-use segment.
In addition, with the emergence of e-Commerce, online stores are gaining high traction with respect to food produce.
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Key Segments of Global Tempeh Market
PMR’s report on the global tempeh market offers information divided into six segments – source, nature, flavor, product type, distribution channel, and region.
Source
- Soybean
- Multigrain
- Others
Nature
- Organic
- Conventional
Flavor
- Plain
- Herbs & Spices
Product Type
- Frozen
- Fresh
- Ready-to-eat
Distribution Channel
Direct
Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Food & Drink Specialty Stores
- Traditional Groceries
- Online Retailers
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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FAQ’s:
- Which region will hold the highest market share in the global tempeh market during the forecast period?
- Which region is experiencing the highest growth (CAGR)?
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- What are the global trends impacting the tempeh market?
- What strategies must emerging players adopt to capture opportunities in various regions in the tempeh market?
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