Market Overview:
The global milk tofu market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the health benefits of milk tofu, increasing demand for plant-based proteins, and growing trend of veganism and vegetarianism. The global milk tofu market is segmented on the basis of type, application, and region. On the basis of type, it is divided into fresh milk tofu and semi-dried milk tofu. Fresh milk tofu accounted for a larger share in 2017 owing to its high demand among consumers for its nutritional value and flavor profile. On the basis of application, it is segmented into adults and children. Adults are expected to account for a larger share in 2018 due to their growing inclination towards healthy food options.
Product Definition:
Milk tofu is a food product made from soy milk and coagulated with a mineral salt. It has the same consistency as dairy milk and a slightly sweet flavor. Milk tofu is used in East Asian cuisine, where it is often served cold with soy sauce or hot with black pepper, garlic, and sesame oil.
Fresh Milk Tofu:
Fresh milk tofu is a kind of Soy milk product, which is made from curdled soy milk. It has high protein content and low fat content. The freshness factor in the market plays an important role in making this product popular among consumers as it has fewer chances of turning rancid than other kinds of tofu products.
Semi-dried Milk Tofu:
Semi-dried milk tofu is a form of Tofu that has been processed in such a way that it retains some of its moisture. It is used as an ingredient for making various dishes and can be consumed on its own or added to any dish. The product also acts as an excellent substitute for dairy products like curd and paneer in several recipes which makes it very popular among vegan population across the globe.
Application Insights:
Adults application segment held the largest share of more than 60.0% in 2017. The segment is expected to witness significant growth on account of growing preference for non-dairy products among adults especially in developed countries including U.S., Germany, and France due to increasing health concerns regarding dietary habits and weight management.
The children application segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing to rising awareness about healthy eating habits particularly among Asian countries such as China, India, Thailand and Indonesia which are majorly tofu consuming regions worldwide due to high production capacity coupled with low prices comparedto other regions globally where milk supply is available 24*7 which has resulted in increased demand for tofu products specifically made for children over the past few years globally thereby boosting market growth across various applications worldwide over the forecast period (2017-2030).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a key consumer of plant-based foods. Moreover, increasing awareness regarding health benefits coupled with rising disposable income levels will drive demand further. Europe is anticipated to be the fastest-growing regional market at an estimated CAGR of XX% from 2018 to 2030 owing to growing consumption in Germany and U.K.
North America accounted for more than 15% revenue share in 2017 owing to high demand from U.S., where soy milk has been legalized by FDA (Food and Drug Administration). In addition, presence of major companies such as Tofu House Inc.; So Delicious; Miyoko's Kitchen; Field Roast Grain Meat Co.; White Waves Services Inc.
Growth Factors:
- Increasing demand for plant-based proteins: The global population is growing at a rapid pace and is increasingly becoming health conscious. This has led to an increase in the demand for plant-based proteins, which milk tofu can cater to.
- Rising awareness about the health benefits of milk tofu: Milk tofu is a rich source of protein, calcium, and other nutrients that are essential for good health. This has led to an increase in its popularity among consumers as a healthy food option.
- Growing trend of veganism and vegetarianism: A large number of people are now choosing to follow vegan or vegetarian diets due to the many health benefits they offer. This provides a huge potential market for milk tofu products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Milk Tofu Market Research Report
By Type
Fresh Milk Tofu, Semi-dried Milk Tofu
By Application
Adults, Children
By Companies
Superior Natural, Hanumat Enterprises, Arla, Inner Mongolia Licheng Industry, Bel Group, SUKI
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Milk Tofu Market Report Segments:
The global Milk Tofu market is segmented on the basis of:
Types
Fresh Milk Tofu, Semi-dried Milk Tofu
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
Adults, Children
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:
- Superior Natural
- Hanumat Enterprises
- Arla
- Inner Mongolia Licheng Industry
- Bel Group
- SUKI
Highlights of The Milk Tofu 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:
- Fresh Milk Tofu
- Semi-dried Milk Tofu
- By Application:
- Adults
- Children
- 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 Milk Tofu 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.
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- Correctly Positioning New Products
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- Consumer Insights
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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?
Milk tofu is a type of tofu that is made from soy milk. It has a smooth, custard-like texture and a slightly sweet flavor.
Some of the major players in the milk tofu market are Superior Natural, Hanumat Enterprises, Arla, Inner Mongolia Licheng Industry, Bel Group, SUKI.
The milk tofu market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Milk Tofu Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Milk Tofu Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Milk Tofu Market - Supply Chain
4.5. Global Milk Tofu Market Forecast
4.5.1. Milk Tofu Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Milk Tofu Market Size (000 Units) and Y-o-Y Growth
4.5.3. Milk Tofu Market Absolute $ Opportunity
5. Global Milk Tofu Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Milk Tofu Market Size and Volume Forecast by Type
5.3.1. Fresh Milk Tofu
5.3.2. Semi-dried Milk Tofu
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Milk Tofu Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Milk Tofu Market Size and Volume Forecast by Application
6.3.1. Adults
6.3.2. Children
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Milk Tofu Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Milk Tofu Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Milk Tofu Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Milk Tofu Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Milk Tofu Demand Share Forecast, 2019-2026
9. North America Milk Tofu Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Milk Tofu Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Milk Tofu Market Size and Volume Forecast by Application
9.4.1. Adults
9.4.2. Children
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Milk Tofu Market Size and Volume Forecast by Type
9.7.1. Fresh Milk Tofu
9.7.2. Semi-dried Milk Tofu
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Milk Tofu Demand Share Forecast, 2019-2026
10. Latin America Milk Tofu Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Milk Tofu Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Milk Tofu Market Size and Volume Forecast by Application
10.4.1. Adults
10.4.2. Children
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Milk Tofu Market Size and Volume Forecast by Type
10.7.1. Fresh Milk Tofu
10.7.2. Semi-dried Milk Tofu
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Milk Tofu Demand Share Forecast, 2019-2026
11. Europe Milk Tofu Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Milk Tofu Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Milk Tofu Market Size and Volume Forecast by Application
11.4.1. Adults
11.4.2. Children
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Milk Tofu Market Size and Volume Forecast by Type
11.7.1. Fresh Milk Tofu
11.7.2. Semi-dried Milk Tofu
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.1.3. By Application
11.10.4. By Sales Channel
11.11. Europe Milk Tofu Demand Share, 2019-2026
12. Asia Pacific Milk Tofu Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Milk Tofu Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Milk Tofu Market Size and Volume Forecast by Application
12.4.1. Adults
12.4.2. Children
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Milk Tofu Market Size and Volume Forecast by Type
12.7.1. Fresh Milk Tofu
12.7.2. Semi-dried Milk Tofu
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Milk Tofu Demand Share, 2019-2026
13. Middle East & Africa Milk Tofu Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Milk Tofu Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Milk Tofu Market Size and Volume Forecast by Application
13.4.1. Adults
13.4.2. Children
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Milk Tofu Market Size and Volume Forecast by Type
13.7.1. Fresh Milk Tofu
13.7.2. Semi-dried Milk Tofu
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Milk Tofu Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Milk Tofu Market: Market Share Analysis
14.2. Milk Tofu Distributors and Customers
14.3. Milk Tofu Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Superior Natural
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hanumat Enterprises
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Arla
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Inner Mongolia Licheng Industry
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bel Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SUKI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
