The latest market report published by Credence Research, Inc. “Global Fermented Bean Curd Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Fermented Bean Curd Market generated revenue of around USD 626.41 million in 2021 and is anticipated to grow a CAGR of over 5.75% during the forecast period from 2022 to 2028 to reach around USD 940.92 million in 2028. While, cumulative growth opportunity presented by the global Fermented Bean Curd is around USD 5.61 billion during 2022 to 2028.
Global Fermented Bean Curd Market, 2021 – 2028 (USD Million)
The international fermented bean curd market is forecasted to expand in the following years continuously. Bean curd is the English name for “tofu,” a gluten-free and outstanding source of nutrients, including calcium and iron. Today, the fermented bean curd industry is segmented into the type of fermented bean curd, its application, and the regions it’s most widely used. Fermented bean curd types primarily consist of red and white fermented bean curds. And applications mainly consist of catering and retail.
White Fermented Bean Curd to Grow at Rapid Pace
White Fermented Bean Curd and Red Fermented Bean Curd are some of the important types of Fermented Bean Curds produced and consumed across different region. However, White Fermented Bean Curd is growing in demand and held significant share in total revenue generation with over 55% in 2021. While, Red Fermented Bean Curd segment is likely to grow at considerable growth rate over the years to come. Red Fermented Bean Curd possesses stronger flavor as compare to White Fermented Bean Curd.
Supermarkets & Hypermarket is Largest Distribution Channel for Fermented Bean Curd
Supermarkets & Hypermarkets, Grocery Stores, Online, Specialty Stores and Others are major Distribution Channel segments for the global Fermented Bean Curd industry. Supermarkets & Hypermarkets segment held the largest share of global Fermented Bean Curd industry in 2021 with over 35% contribution to revenue generated by Fermented Bean Curd market. Secondly, grocery stores segment also expected to grow at a significant CAGR which in turn likely to drive demand for Fermented Bean Curd.
Asia Pacific is Second Leading Market for Fermented Bean Curd
Asia Pacific is leading the Fermented Bean Curd industry with over 55% share in 2021. China, Japan, South Korea and Asian countries dominate production as well as consumption of Fermented Bean Curd. While, Europe and North America hold very little market share in global Fermented Bean Curd market. Demand for Fermented Bean Curd is growing in Europe and North America as vegan population is growing. Moreover, growing awareness among end-user regarding health benefits offered by Fermented Bean Curd is mainly driving the demand for Fermented Bean Curd.
Significance of War between Russia & Ukraine for Fermented Bean Curd Importers
As Ukraine and Russia has meager contribution in production as well as consumption of Fermented Bean Curd the impact of war between Russia and Ukraine will be minimal on this market.
Major players operating in the Fermented Bean Curd industry include Chengdu Baibaibei Food Co., Ltd., Chiali Food Co., Ltd, ENG LEE SENG Marketing Holdings(M) SDN BHD, Guiyang Taihe Capsicum products Co.,Ltd, Lee Kum Kee, Liuyang Lige Special Food Co.,Ltd, Shenzhen Yongmiao Foodstuffs Co., Ltd and Zhuhai Jialin Food Co., Ltd.
Global Fermented Bean Curd Market by Type, 2016 – 2028
- White Fermented Bean Curd
- Red Fermented Bean Curd
Global Fermented Bean Curd Market by Application, 2016 – 2028
- Supermarkets & Hypermarkets
- Grocery Stores
- Specialty Stores
Global Fermented Bean Curd Market by Company, 2016 – 2028
- Chengdu Baibaibei Food Co., Ltd.
- Chiali Food Co., Ltd
- ENG LEE SENG Marketing Holdings(M) SDN BHD
- Guiyang Taihe Capsicum products Co.,Ltd
- Lee Kum Kee
- Liuyang Lige Special Food Co.,Ltd
- Shenzhen Yongmiao Foodstuffs Co., Ltd
- Zhuhai Jialin Food Co., Ltd.