Published by mark itwired
Posted on October 8, 2021
5 min readLast updated: January 30, 2026
The global tempeh market, valued at $3,842.8 Mn in 2019, is expected to grow at a 6.1% CAGR by 2026, driven by demand for plant-based and organic products.
The global tempeh market was valued at US$ 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.
TEMPEH MARKET TAXONOMY
The global tempeh market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Source
Nature
Flavour
Product Type
Distribution Channel
Region
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.
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 article discusses the growth and trends in the global tempeh market, focusing on its projected CAGR and consumer demand for plant-based products.
The growth is driven by increasing demand for meat analogs, plant-based diets, and organic, GMO-free products.
Europe and APAC are leading in terms of market value, with North America showing high growth potential.
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