Tempeh Market to represent a significant expansion at ~6% CAGR by 2026

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Tempeh Market

• February 2020

Report Id REP-GB-3283 Published On
January-2020 Category Food and Beverages
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Research Methodology (1/2)

• Systematic Research Approach

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Tempeh Market Analysis

• Tempeh Market to Represent a Significant
  Expansion at 6 CAGR During 2019 - 2026
• DUBAI, UAE / ACCESSWIRE / Riding the growing
  trend of veganism, the global tempeh market
  registered revenues worth US 3.84 Bn in 2019.
  Rapid expansion of flexitarian and vegan
  populations has accelerated demand for tempeh and
  foods that have tempeh as a key ingredient. This
  would remain a significant growth influencer for
  the global tempeh market. A new Future Market
  Insights (FMI) report reveals that naturally
  sourced ingredients would become a key point of
  focus for manufacturers in the tempeh market.
• "Key players are catering to the upsurge in
  demand for vegan and flexitarian diets, with
  diverse strategies to maintain their stronghold
  in the global tempeh market," says the FMI
  report.
• Tempeh Market Key Findings
• Soybean-based tempeh holds a dominant market
  share multigrain variants are rapidly gaining
  traction.
• Consumer inclination towards healthier dietary
  choices is driving demand for naturally sourced,
  organic and non-GMO tempeh ingredients.
• Fresh tempeh is gaining substantially greater
  demand as compared to ready-to-eat and frozen
  variants.

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Tempeh Market Analysis

• Asia Pacific (APAC) remains a highly lucrative
  market for tempeh manufacturers opportunities
  abound in North America.
• Tempeh Market Key Driving Factors
• Higher demand for sustainable, plant-based, and
  functional foods is fueling tempeh sales.
• Aggravating health concerns over meat consumption
  remains a major driver for the tempeh market.
• Food industry giants are collectively uplifting
  the all-meat alternatives industry, including
  tempeh.
• Tempeh Market Key Restraints
• Steep competition from other popular meat
  substitutes such as tofu continue to restrict
  penetration.
• High price point of tempeh is among the key
  restraints, limiting market growth.
• Potential side effects of excessive tempeh
  consumption remain a major factor, creating
  skepticism among consumers.

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Tempeh Market Analysis

• Competition Landscape
• The global tempeh market is moderately
  fragmented, with presence of a large number of
  start-ups. The tempeh manufacturing industry is
  concentrated in Indonesia. Manufacturers are
  augmenting investments in extension of their
  product portfolios. Strategic collaborations with
  local distributors will also be a preferred
  strategy of prominent companies in the market.
• Some of the major companies operating in the
  global tempeh market include, but are not limited
  to, Schouten Europe B.V, Turtle Island Foods,
  Inc., Natural Oriental Fresh Foods BV, Henry's
  Tempeh, Impulse Tempeh, Nutrisoy Pty Ltd, SBC
  Tempeh Manufacturers, Totally Tempeh, Gwen
  Tempeh, Mighty Bean Tempeh Sunshine Coast, Tempeh
  Temple, Byron Bay Tempeh, and Margaret River
  Tempeh.
• Explore FMI's extensive research coverage in Food
  Beverages landscape
• Specialty Malt Market- FMI's report on the global
  specialty malt market offers a detailed analysis
  of business models, key strategies, and the
  accurate market shares of some of the dominant
  manufacturers in this landscape.
• Food Premix Market- This study provides detailed
  analysis of how the trend of food premixes will
  influence the market dynamics of global
  convenience foods landscape.

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Tempeh Market Analysis

• Pectin Market- The global market for pectin is
  poised for a robust growth trajectory in the near
  future, with revenues estimated at value of US
  820.6 Mn in 2019.
• Press-Release Source - https//www.accesswire.com/
  576815/Tempeh-Market-Revenues-Surpass-US-3-Bn-in-2
  019-Threat-from-Tofu-and-Other-Substitutes-Prevail
  s-Concludes-a-Future-Market-Insights-Study
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