India Tofu Products Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
India Tofu Products Market Size- By Product Type, By Packaging Size, By Distribution Channel, By Age Group, By Gender, By Income Levels- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: FOOD2468 | Pages: 1 - 107 | Formats*: |
| Category : Food & Beverages | |||
India Tofu Products Market Introduction and Overview
According to SPER Market Research, the India Tofu Products Market is estimated to reach USD 122.12 million by 2033 with a CAGR 11.82%.
The report includes an in-depth analysis of the India Tofu Products Market, including market size and trends, product mix, distribution channels, and supplier analysis. Tofu is a versatile and nutrient-dense food that has become well-known all over the world for its culinary versatility and health advantages. Tofu is made from soybeans and is produced by pressing the curds that form into solid white blocks after soy milk has been coagulated. It has a creamy texture that, depending on the variety, can be either soft or firm, with a moderate flavor. For vegetarians and vegans, tofu is a beneficial meat substitute because of its well-known high protein content.
- In 2023: Morinaga Nutritional Foods purchased the US plant-based startup Tofurky and its sibling brand Moocho in February 2023. For 17 years, Morinaga has provided tofu for Tofurky products. The company will be able to enhance its integrated supply chain and propel its brands' categories forward with the acquisition of Tofurky and Moocho.
Market Opportunities and Challenges
Opportunities: Soybean-based tofu is a highly nutritious food item which fulfills the growing demand for dietary alternatives that are higher in quality. Because of its high protein level, it is a popular plant-based diet substitute for meat. Tofu is a complete protein source, which is crucial for vegans and vegetarians because it has all nine essential amino acids, unlike certain plant proteins. Tofu also has significant health benefits due to its high iron and calcium content and low-calorie content. Furthermore, The Indian market for tofu products offers several opportunities. tofu stands out as a nutrient-dense plant-based protein source, appealing to both vegetarians and health-conscious customers as dietary preferences shift towards better options. Given the high number of vegetarians in India, tofu is a desirable meat substitute that satisfies the country's need for meals high in protein. Tofu's sustainability as a soy-based food further increases its appeal as consumers become more conscious of the effects that eating meat has on the environment.
Challenges: It also has a number of challenges that can affect its expansion. The fact that a sizable portion of the populace has a relatively low awareness of and familiarity with tofu is one major obstacle. Dairy and legumes are the main sources of protein in traditional Indian diets; therefore, introducing tofu as a replacement or supplement necessitates educating people about its nutritional value and culinary applications.
The irregular and changing quality of tofu products on the market is another difficulty. Problems including uneven texture, poor freshness, and restricted availability of various types can discourage prospective buyers from consistently include tofu in their diets.
Market Competitive Landscape
The Tofu market in India is moderately fragmented. Some of the market key players are Urban Platter, Nutra Vita, Vega Industries, Desi Treat, Midas Soy Nutrition, Morinaga, Kimshin Foods, Shree Enterprises, Subhash Sales Private Limited, Adisoy, and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Packaging Size, By Distribution Channels, By Age Group, By Gender, By Income Levels |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | Urban Platter, Nutra Vita, Vega Industries, Desi Treat, Midas Soy Nutrition, Morinaga, Kimshin Foods, Shree Enterprises, Subhash Sales Private Limited, Adisoy, and Others. |
COVID-19 Impact on India Tofu Products Market
The market for tofu products in India was significantly impacted by the COVID-19 outbreak. At the beginning of the market's existence, movement restrictions and lockdowns caused supply chain disruptions that impacted raw material and distribution channel availability. This resulted in short-term shortages and logistical difficulties for both producers and retailers. A major shift in consumer behavior also occurred during the pandemic. A greater focus on nutrition and health led to a surge in interest in plant-based proteins, such as tofu, which are seen as healthier options. As consumers looked for nutrient-dense solutions to strengthen their immune systems, the tofu market saw growth as a result of this movement in consumer tastes toward healthy eating practices.
Key Target Audience:
- Health-conscious individuals
- Vegetarians and vegans
- Fitness enthusiasts
- Urban consumers
- Specialty food stores
- Restaurants and cafes
Our in-depth analysis of the India Tofu Products Market includes the following segments:
| By Product Type: |
|
| By Packaging Size: |
|
| By Distribution Channels: |
|
| By Age Group: |
|
| By Gender: |
|
| By Income Level: |
|
Key Topics Covered in the Report:
- India Tofu Products Market Size (FY’2024-FY’2033)
- Overview of India Tofu Products Market
- Segmentation of India Tofu Products Market By Product Type (Firm Tofu, Silken Tofu, Flavored Tofu, Smoked Tofu, Others)
- Segmentation of India Tofu Products Market By Packaging Size (Small, Medium, Large)
- Segmentation of India Tofu Products Market By Distribution Channels (Supermarkets/Hypermarkets, Health food Stores, Online Retail, Specialty Stores, Farmer Markets)
- Segmentation of India Tofu Products Market By Age Group {Children (0-12 Years), Teenagers (13-19 Years), Young Adults (20-35 Years), Middle-Aged Group (36-55 Years), Seniors (56 years and above)}
- Segmentation of India Tofu Products Market By Gender (Male, Female)
- Segmentation of India Tofu Products Market By Income Level (Low Income, Middle Income, High Income)
- Expansion Analysis of India Tofu Products Market
- Problems and Obstacles in India Tofu Products Market
- Competitive Landscape in the India Tofu Products Market
- Impact of COVID-19 and Demonetization on India Tofu Products Market
- Details on Current Investment in India Tofu Products Market
- Competitive Analysis of India Tofu Products Market
- Prominent Players in the India Tofu Products Market
- SWOT Analysis of India Tofu Products Market
- India Tofu Products Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the India Tofu Products Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. India Tofu Products Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Tofu Products Market
7. India Tofu Products Market, By Product Type (USD Million) 2020-2033
7.1. India Tofu Products Market Size, Share and Forecast, By Product Type, 2020-20267.2. India Tofu Products Market Size, Share and Forecast, By Product Type, 2027-20337.3. Firm Tofu7.4. Silken Tofu7.5. Flavored Tofu7.6. Smoked Tofu7.7. Others
8. India Tofu Products Market, By Packaging Size (USD Million) 2020-2033
8.1. India Tofu Products Market Size, Share and Forecast, By Packaging Size, 2020-20268.2. India Tofu Products Market Size, Share and Forecast, By Packaging Size, 2027-20338.3. Small8.4. Medium8.5. Large
9. India Tofu Products Market, By Distribution Channels, (USD Million) 2020-2033
9.1. India Tofu Products Market Size, Share and Forecast, By Distribution Channels, 2020-20269.2. India Tofu Products Market Size, Share and Forecast, By Distribution Channels, 2027-20339.3. Supermarkets/Hypermarkets9.4. Health food Stores9.5. Online Retail9.6. Specialty Stores9.7. Farmer Markets
10. India Tofu Products Market, By Age Group, (USD Million) 2020-2033
10.1. India Tofu Products Market Size, Share and Forecast, By Age Group, 2020-202610.2. India Tofu Products Market Size, Share and Forecast, By Age Group, 2027-203310.3. Children (0-12 Years)10.4. Teenagers (13-19 Years)10.5. Young Adults (20-35 Years)10.6. Middle-Aged Group (36-55 Years)10.7. Seniors (56 years and above)
11. India Tofu Products Market, By Gender, (USD Million) 2020-2033
11.1. India Tofu Products Market Size, Share and Forecast, By Gender, 2020-202611.2. India Tofu Products Market Size, Share and Forecast, By Gender, 2027-203311.3. Male11.4. Female
12. India Tofu Products Market, By Income Level, (USD Million) 2020-2033
12.1. India Tofu Products Market Size, Share and Forecast, By Income Level, 2020-202612.2. India Tofu Products Market Size, Share and Forecast, By Income Level, 2027-203312.3. Low Income12.4. Middle Income12.5. High Income
13. India Tofu Products Market Forecast, 2020-2033 (USD Million)
13.1. India Tofu Products Market Size and Market Share
14. India Tofu Products Market, By Region, 2020-2033 (USD Million)
14.1. India Tofu Products Market Size and Market Share By Region (2020-2026)14.2. India Tofu Products Market Size and Market Share By Region (2027-2033)14.3. Eastern Region14.4. Northern Region14.5. Eastern Region14.6. Western Region
15. Company Profile
15.1. Urban Platter15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Nutra Vita15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Vega Industries15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Desi Treat15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Midas Soy Nutrition15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Morinaga15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Kimshin Foods15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Shree Enterprises15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Subhash Sales Private Limited15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Adisoy15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Others
16. Conclusion
17. Reference Links
18. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
India Tofu Products Market is projected to reach USD 122.12 million by 2033, growing at a CAGR of 11.82% during the forecast period.
India Tofu Products Market grew in market size from 2023. The Market is expected to reach USD 122.12 million by 2033, at a CAGR of 11.82% during the forecast period.
India Tofu Products Market CAGR of 11.82% during the forecast period.
You can get the sample pages by clicking the link - Click Here
India Tofu Products Market size is USD 122.12 million from 2024 to 2033.
India Tofu Products Market segment is Covered By Product Type, By Packaging Size, By Distribution Channels, By Age Group, By Gender, By Income Levels.
The Asia-Pacific region is anticipated to have the highest market share in the India Tofu Products Market .
Urban Platter, Nutra Vita, Vega Industries, Desi Treat, Midas Soy Nutrition, Morinaga, Kimshin Foods, Shree Enterprises, Subhash Sales Private Limited, Adisoy, and Others.
Tofu is a complete protein source, which is crucial for vegans and vegetarians because it has all nine essential amino acids, unlike certain plant proteins. Tofu also has significant health benefits due to its high iron and calcium content and low-calorie content.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
