2020-2024 Health benefits of tofu will increase market demand

2021/08/20 Yung Soon Lih Food Machine

LONDON--(BUSINESS WIRE)--The global tofu market size is poised to grow by USD 140.37 million during 2020-2024, progressing at a CAGR of over 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The tofu market is driven by the health benefits of tofu. Tofu is one of the world's most concentrated sources of high-quality vegetable protein. The frozen, dried tofu has twice the protein of beef, fish, and chicken, and negligible cholesterol levels. It also contains a wide range of essential amino acids and is a rich source of calcium, iron, and phosphorus. Genistein, a predominant isoflavone present in soy, has antioxidant properties that hinder the growth of cancer cells. Soy isoflavones present in tofu are also known to decrease bone loss and increase bone mineral density during menopause.

Growing Adoption of the Vegan Lifestyle will be a Key Market Trend

Veganism has become a style of living and philosophy. The vegan diet strongly favors animal rights, and vegan consumers do not consume meat. This can positively affect the global tofu market, as vegan consumers will look out for more plant-based alternatives such as soy-based foods. Tofu has gained popularity over the years, especially as a vegetarian and vegan-approved source of protein. Vegan diet followers and healthy diet adopters are the major targeted consumers for soy milk and cream.

Reference:
https://www.businesswire.com/news/home/20201020005823/en/Tofu-Market-2020-2024-Health-Benefits-of-Tofu-will-Accelerate-Market-Demand-Technavio

#Plant-based protein
#Tofu machinery
#Tofu Legend
#Easy Tofu Maker
#Whole production line of tofu
#Small business
#Investment in food industry
#Good time to invest during COVID-19
#Food processing
#Eco-friendly diet

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