Market Overview:
The global tempeh market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The soybean tempeh segment is expected to dominate the global market in terms of revenue, followed by the black bean tempeh segment. The supermarkets and hypermarkets segment is expected to be the largest application segment for the global tempeh market, followed by specialist retailers and online retailers segments. North America is estimated to be the largest regional market fortempeh in 2018, while Asia Pacific is projectedto bethe fastest-growing region duringthe forecast period. Some of the key players operating in thismarket include Lightlife Foods Inc., MorningStar Farms LLC., Tofurky Company LLC., Tempehtastic Ltd.
Product Definition:
Tempeh is a fermented soybean cake that originated in Indonesia. It is made by steaming soybeans with a Rhizopus oligosporus fungus, then pressing the beans into a cake. The tempeh starter culture contains both Aspergillus and Rhizopus fungi.
Soybean Tempeh:
Soybean tempeh is a processed soy product, which has been fermented using soybeans as the starter culture. Soybean tempeh has several nutritional properties and can be used in place of meat or other protein sources. It contains all the essential amino acids and is thus considered ideal for vegetarians.
Black Bean Tempeh:
Black bean tempeh is a traditional soy food of Indonesia, prepared by fermenting cooked black beans in an acidic medium. The end product is usually a spongy cake made from the protean mass that remains after the beans are extracted. Black Bean Tempeh has been used as an alternative to meat and fish for centuries in Indonesia and it's preparation method has evolved over time with various regional flavors added to it.
Application Insights:
The others segment that includes restaurants and food chains accounted for the largest share of over 70.0% in 2017. The growing popularity of tempeh among health-conscious consumers is expected to drive its demand in this application segment over the forecast period. In addition, increasing penetration of supermarkets and hypermarkets is anticipated to fuel market growth during the same period owing to availability of a wider range of products from various manufacturers at affordable prices within these retail outlets.
Specialist retailers such as natural food stores are likely to remain key buyers driving factors for this product due to their high nutritional content which makes them an ideal replacement for meat products consumed daily by vegans and vegetarians across the globe. Furthermore, rising awareness regarding healthy lifestyle practices coupled with increasing disposable income levels among urban consumers especially in countries like U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The presence of a large number of producers and consumers has led to the dominance of this region. Furthermore, increasing health consciousness among people is driving demand for nutritional products such as tempeh, thereby supporting regional growth.
The growing middle-class population in countries including China and India along with rising disposable income is expected to be major factors driving the retail industry over the next few years. This will lead to an increase in spending on food products across all categories including packaged foods, ethnic foods, fast foods and convenience Foods among others which would further fuel product demand over the forecast period.
North America accounted for more than 20% share owing to high consumption by U.
Growth Factors:
- Increasing demand for plant-based proteins: Tempeh is a high-quality, plant-based protein that is becoming more popular as people seek to reduce their meat consumption.
- Rising awareness of the health benefits of tempeh: Tempeh is a low-fat, high-protein food that is also rich in fiber and other nutrients. It has been linked to a number of health benefits, including reduced risk of heart disease and cancer.
- Growing interest in traditional foods: Tempeh originates from Indonesia and has been eaten there for centuries. As interest in traditional foods grows, tempeh will become more popular worldwide.
- Increased availability of tempeh products: As demand for tempeh grows, so too will the availability of products made from this versatile ingredient. This will make it easier for people to incorporate into their diets regardless of where they live or what type of cuisine they prefer..
Scope Of The Report
Report Attributes
Report Details
Report Title
Tempeh Market Research Report
By Type
Soybean Tempeh, Black Bean Tempeh
By Application
Supermarkets and Hypermarkets, Specialist Retailers, Online Retailers, Others
By Companies
Meatless, The Nisshin Ollio, Vbites Foods, MGP Ingredients, Garden Protein International, AMY's Kitchen, Morningstar Farms, Meatless
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Tempeh Market Report Segments:
The global Tempeh market is segmented on the basis of:
Types
Soybean Tempeh, Black Bean Tempeh
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets and Hypermarkets, Specialist Retailers, Online Retailers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Meatless
- The Nisshin Ollio
- Vbites Foods
- MGP Ingredients
- Garden Protein International
- AMY's Kitchen
- Morningstar Farms
- Meatless
Highlights of The Tempeh Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soybean Tempeh
- Black Bean Tempeh
- By Application:
- Supermarkets and Hypermarkets
- Specialist Retailers
- Online Retailers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tempeh Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tempeh is a soy product that is made by culturing cooked soybeans in a tempeh starter. The tempeh starter contains natural bacteria and yeasts that break down the beans into their component amino acids, creating a firm, textured block of soy protein.
Some of the major companies in the tempeh market are Meatless, The Nisshin Ollio, Vbites Foods, MGP Ingredients, Garden Protein International, AMY's Kitchen, Morningstar Farms, Meatless.
The tempeh market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tempeh Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tempeh Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tempeh Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tempeh Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tempeh Market Size & Forecast, 2018-2028
4.5.1 Tempeh Market Size and Y-o-Y Growth
4.5.2 Tempeh Market Absolute $ Opportunity
Chapter 5 Global Tempeh Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tempeh Market Size Forecast by Type
5.2.1 Soybean Tempeh
5.2.2 Black Bean Tempeh
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tempeh Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tempeh Market Size Forecast by Applications
6.2.1 Supermarkets and Hypermarkets
6.2.2 Specialist Retailers
6.2.3 Online Retailers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tempeh Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tempeh Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tempeh Analysis and Forecast
9.1 Introduction
9.2 North America Tempeh Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tempeh Market Size Forecast by Type
9.6.1 Soybean Tempeh
9.6.2 Black Bean Tempeh
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tempeh Market Size Forecast by Applications
9.10.1 Supermarkets and Hypermarkets
9.10.2 Specialist Retailers
9.10.3 Online Retailers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tempeh Analysis and Forecast
10.1 Introduction
10.2 Europe Tempeh Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tempeh Market Size Forecast by Type
10.6.1 Soybean Tempeh
10.6.2 Black Bean Tempeh
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tempeh Market Size Forecast by Applications
10.10.1 Supermarkets and Hypermarkets
10.10.2 Specialist Retailers
10.10.3 Online Retailers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tempeh Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tempeh Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tempeh Market Size Forecast by Type
11.6.1 Soybean Tempeh
11.6.2 Black Bean Tempeh
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tempeh Market Size Forecast by Applications
11.10.1 Supermarkets and Hypermarkets
11.10.2 Specialist Retailers
11.10.3 Online Retailers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tempeh Analysis and Forecast
12.1 Introduction
12.2 Latin America Tempeh Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tempeh Market Size Forecast by Type
12.6.1 Soybean Tempeh
12.6.2 Black Bean Tempeh
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tempeh Market Size Forecast by Applications
12.10.1 Supermarkets and Hypermarkets
12.10.2 Specialist Retailers
12.10.3 Online Retailers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tempeh Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tempeh Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tempeh Market Size Forecast by Type
13.6.1 Soybean Tempeh
13.6.2 Black Bean Tempeh
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tempeh Market Size Forecast by Applications
13.10.1 Supermarkets and Hypermarkets
13.10.2 Specialist Retailers
13.10.3 Online Retailers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tempeh Market: Competitive Dashboard
14.2 Global Tempeh Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Meatless
14.3.2 The Nisshin Ollio
14.3.3 Vbites Foods
14.3.4 MGP Ingredients
14.3.5 Garden Protein International
14.3.6 AMY's Kitchen
14.3.7 Morningstar Farms
14.3.8 Meatless
