Published by mark itwired
Posted on October 7, 2021
7 min readLast updated: January 30, 2026
The global tempeh market, valued at $3.8Bn in 2019, is projected to grow at a 6.1% CAGR by 2026, driven by demand for plant-based foods.
The global tempeh market was valued at US$ 3,842.8 Mn in 2019. The market has exhibited a considerable rise during 2013 -2018 and the trend is likely to continue as the market exhibits a CAGR of 6.1% between 2019 and 2026. The rising demand for meat analogs that are similar in texture and taste of meat is aiding the growth of the market.
Nearly 16% of the world population takes soybean, while several are concentrating on getting accustomed to the intake of plant-based products on most occasions. From the past few years, tempeh producers have amplified production across their manufacturing facilities. Besides this, soy-based food materials such as tempeh and tofu are gaining traction in the market. Soy-based foods such as tofu and tempeh also provide an economic advantage, starting from farming to the advertisements.
The tempeh market is witnessing rising demand as consumers are looking for natural food products that will improve their health. Furthermore, customers are showing interest in GMO-Free and organic products in the food and beverage industry which provides distinctive mouthfeel along with health benefits.
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“The rising popularity of vegan and flexitarian diet is anticipated to boost the market for tempeh in the forecast period. Key players are adopting diverse strategies to maintain a strong foothold in the tempeh market.” says an FMI analyst.
Key Takeaways from Tempeh Market Study
Who is winning?
Turtle Island Foods, Inc., Henry’s Tempeh, Nutrisoy Pty Ltd, Totally Tempeh, Mighty Bean Tempeh Sunshine Coast, Margaret River Tempeh, Byron Bay Tempeh, Organic Village Food, Tempeh Temple, Primasoy, Gwen Tempeh, Rhapsody Natural Foods, Lalibela Farm Tempeh, SBC Tempeh Manufacturers, TOFU Manufaktur Nagel GmbH, Alive & Healing Inc., Impulse Tempeh, Natural Oriental Fresh Foods BV, and Schouten Europe B.V. are some of the key market players.
Leading companies operating in the tempeh market are aiming at regional expansion via targeting the local distributers to upscale their tempeh sales and to provide high-quality products to the customers.
Valuable Insights into Tempeh Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global tempeh market, presenting historical demand data (2013-2018) and forecast statistics for the period from 2019-2026. The study divulges compelling insights into the tempeh market based on the source (Soybean, multi-grains, and others), nature (Organic & Conventional), Flavors (Plain, Herbs & Spices), Product type (Frozen, Fresh, and Ready-to-eat), and Distribution Channel (Direct Channels, and Indirect Channels) across seven key regions.
Ask More About This Report@ https://www.futuremarketinsights.com/ask-question/rep-gb-3283
FREQUENTLY ASKED QUESTIONS ABOUT THE GLOBAL TEMPEH MARKET
What are the prospects for tempeh products based on the source?
In the present scenario, the soybean-based tempeh segment holds the major share in the market. Though it is estimated that in the upcoming years, multi-grain based tempeh will show a higher growth as compared to the former due to its high protein content.
Which product type segment offers the most profitable growth opportunities for the market players?
Tempeh is protein enriched food material and is one of the best meat substitutes. In the product type segment, the fresh tempeh has very high demand as compared to other segments such as frozen, and ready-to-eat products.
What is the degree of competition in the tempeh market?
The global tempeh market is identified as highly organized in developed and developing economies. Key manufacturers operating in the global tempeh market are concentrating on product launches and expanding their footprints by collaborating with regional distributors/suppliers to increase their customer base.
Which region will lead the global sales of tempeh-products?
APAC remains the major shareholder in the tempeh market. However, North America is projected to show higher growth.
Which factors are driving the tempeh market?
Tempeh market is driven by factors such as the increasing demand for meat substitutes and rising vegan/flexitarian population. Apart from these factors, the increasing demand for functional food is fueling the demand for tempeh.
Which trend will drive the tempeh market in the upcoming period?
Flexitarian diet implies hybrid of flexible vegetarianism and include people whose protein consumption is reliant on sustainable sources such as plant-derived food products and considerably reducing the intake of flesh/meat in their food. This inclination is aided by many food giants who mutually support the growth of the all-meat alternatives market, even tempeh.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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The post Tempeh Market was valued at US$ 3,842.8 Mn in 2019 And exhibits a CAGR of 6.1% between 2019 and 2026 appeared first on Industry News Analsis.
The main topic is the growth and trends in the global tempeh market.
The market is growing due to rising demand for plant-based and meat analog products.
Europe and APAC are leading the tempeh market in terms of value.
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