(2018 – 2023) Tempeh Market is projected to Reach US$ XX% Billion by 2023

Press Release

Tempeh

Tempeh Market research report (2018 – 2023) studies market insights, List of major Key players, buyers, threats of new entrants and substitute products. Also, Tempeh market includes the various market dynamics like Drivers, Restraints, and Opportunities globally. The research report involved the various affecting factors like market growth, market share, competitive intelligence and growth opportunity.

Tempeh Market report is expected to register a CAGR of XX% over a five years forecast period.”

List of Major Key players operating in the Global Tempeh Market are –

  • Lalibela Farm
  • American Soy Asia
  • The Cultered Bean Company
  • ALIVE & HEALING INC.
  • Impulse Foods
  • Nutrisoy Pty Ltd.
  • Lightlife Foods
  • Soy Bean Company
  • Rhapsody Natural Foods
  • Future Food

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Market Insight

Tempeh is a meat substitute that can be consumed as a snack or with everyday meals. It is a type of fermented soy cake product, which is low in fat and contains high protein. Moreover, tempeh is known for its texture, attractive flavor, and superior digestibility. Consumption of tempeh has various health benefits, such as increasing bone density, enhancing muscle growth, and decreasing cholesterol level, as it is a rich source of fiber, calcium, iron, phosphorus and minerals, among others. Tempeh is an efficient alternative to meat, as it is comprised of considerable levels of riboflavin, thiamine, niacin, folate, vitamin B6, and vitamin B12.

Vegan Trends to Drive the Expansion

Increasing lactose intolerance in populations across the globe has been a decisive factor for the rise in the popularity of tempeh products. The remarkable rise of vegan population in countries such as India, Italy, Germany, the United States, Australia, and the United Kingdom is expected to drive the development of the tempeh market over the forecast period. Soy-based products have been gaining prominence across regions owing to the health claims, which has also encouraged the development of tempeh market. Health consciousness among young consumers for functional foods is one of the factors that has increased the demand for tempeh market. High prices of tempeh, coupled with steep competition from substitutes like tofu may restrict the development of the tempeh market in the years to come. Excessive consumption of tempeh leads to harmful effects, such as cramps, allergies, nausea, and headaches that could confine the development of the tempeh market. The introduction of ready-to-eat tempeh products with a range of taste and flavors is expected to create a potential scope for the tempeh market.

The market is segmented by product type and distribution channel. By product type, the market has been segmented into regular and organic tempeh. Strict rules and regulations from regulatory bodies regarding the natural label claim is likely to fuel the growth of organic tempeh in Western Europe. On the basis of distribution channel, the market is segregated into convenience stores, mass merchandiser, online channel, and others. The mass merchandiser segment is likely to hold a significant market share, as there is an availability of different kind of products across brands.

Asia-Pacific to Grow at a Considerable Pace

The shift in consumer preferences to a vegan diet is one of the key factors influencing the growth of tempeh market in the Asia-Pacific region, which is growing at a faster rate. The rapid expansion of foodservice channels offering different cuisines to vegetarians is likely to fuel the demand for tempeh market over the forecast period. North America is the most lucrative market for tempeh, due to a rise in the availability of ready-to-eat tempeh products across different flavors. The growing trend of snackification is expected to improve the popularity of tempeh in this region, as it is considered a healthy alternative to meat.

The major players include - LALIBELA FARM, AMERICAN SOY ASIA, THE CULTERED BEAN COMPANY, ALIVE & HEALING INC., IMPULSE FOODS, NUTRISOY PTY LTD., LIGHTLIFE FOODS, SOY BEAN COMPANY, RHAPSODY NATURAL FOODS, FUTURE FOOD, amongst others.

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,

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Global Tempeh Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
  • Asia Pacific (China, Japan, India, Southeast Asia and Australia)
  • Latin America (Brazil, Argentina and Colombia)
  • The Middle East and Africa

Key Questions Answered About Tempeh Market:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the Tempeh market for selective countries?
  • Which region or sub-segment is selected is expected to drive the market in the forecast period?
  • What factors are estimated to drive and restrain the market growth?
  • What are the key technological and Tempeh market trends shaping the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

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Reasons to Purchase Tempeh Market Report:

  • The report analyses how stringent emission control norms will drive the global Tempeh market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Tempeh market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

Scope of the Report:

The report analyses Tempeh market, which includes –

  • Analysis of the growth of Tempeh market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Tempeh market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Tempeh market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Tempeh market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Look into Table of Content of Tempeh Market Report @ https://www.360marketupdates.com/TOC/12884949#TOC

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