Tempeh Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DPH245 | Last Updated On: Feb 19 2021 | No. of Pages: 180 | Available Formats

> Global Tempeh Market Expected to reach a high CAGR By 2027: DataM Intelligence

Global Tempeh Market is segmented By Type (Organic, Regular), By Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Online Channel, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The "Global Tempeh Market" is expected to grow at a high CAGR during the forecasting period (2020-2027).

Tempeh is manufactured from soybean fermentation and using the special fungus Rhizopus oligosporus. It contains a high nutritional value and is mainly used in several vegetarian cuisines across the globe. The tempeh contains high levels of various vitamins such as B2, B3, B5, and B6, and it is a high source of magnesium, fiber, phosphorus, iron, protein, calcium, and others. The tempeh is most popular worldwide and readily available, and it is also the best alternative for meat-based products and meat.

Source: DataM Intelligence Analysis (2019)

Market Dynamics

Growth in demand for meat alternatives across various regions owing to the rising illnesses related to improper handling and meat processing methods. The reduction in red meat consumption due to a growing focus on leading a healthy lifestyle is also fueling growth.

The product's adoption also comes from the rising awareness and sensitivity towards animal cruelty, which is driving the global tempeh market at a robust growth rate. Increasing lactose intolerance in populations worldwide has been a decisive factor for the rise in tempeh products' popularity. However, high tempeh prices, coupled with steep competition from substitutes such as tofu, may restrict the tempeh market's development in the years to come.

Frozen Meat Substitutes Gaining Steam

The concept of frozen food is growing at a steady pace, with awareness regarding various advantages of frozen food triggering their consumption on a large scale. Also, frozen food's nutritional value is relatively higher than fresh food, as the freezing of food items prevents the loss of essential proteins and vitamins during their transport or storage. Frozen tempeh is gaining significant traction in the global tempeh market, although fresh tempeh is still expected to hold the market's highest share.

Rapidly Expanding Food Chain Services & Online Stores Aiding Market Growth

Manufacturers are continuously striving to enhance their presence across the globe and expand their tempeh market share. Foodservice providers have a proven record of higher sales of meat substitutes such as tempeh across various countries, which is a highly lucrative end-use segment. Besides, with the emergence of e-commerce, online stores are gaining high traction concerning food produce. Online stores are another potential selling platform for tempeh and are projected to increase traction for tempeh market in the years to follow.

Soy-based Proteins to be Most Preferred Source of Tempeh Production

Meat substitutes are high in proteins, typically soy proteins. Soy protein is a highly preferred protein source, owing to advantages such as fat loss, carb regulation, and a healthy diet. The soy segment is poised to expand at a decent pace, owing to established production methods, taste preferences of consumers, and incorporation in various recipes. The global tempeh market is also influenced by increasing demand for mycoproteins, as they are free of cholesterol and help maintain normal cholesterol levels. They are a rich lean protein source and highly preferred among the younger generation. Such factors are expected to create new opportunities in the tempeh market across the globe during the forecast period.

COVID-19 Impact Analysis

Trade struggles, prohibited and late planting of crops, and policy modernizations have presented challenging decision-making situations to farmers. This year, judges are now considerably complicated, given the rapidly changing situation with the spread of COVID-19 and its associated health threats and control measures.

Presently, an overriding concern is ongoing for farming and livestock activities in the face of COVID-19 health threats and control measures. Farmers and input suppliers are coming up on a hectic planting season. To the extent possible, assuring a workplace free of COVID-19 is essential.

A recession is expected to result because of COVID-19 control measures, the extent of which remains unknown. At this point, the economic implications are uncertain, but some sort of acreage and public policy response seems likely.

Segmentation Analysis

Based on the type, the tempeh market has been classified into organic and regular.

Organic segment accounted for the highest market share in the global market

Organic accounts for a larger share owing to increasing health awareness in consumers. It is extensively used in the food industry in various forms such as meat, fish, salads, and sandwiches. Rapid consumption of organic tempeh world due to rising health awareness among individuals is the primary factor driving the organic tempeh segment's revenue growth among the form segments.

Based on the application, the tempeh market has been classified into hypermarket/supermarket, convenience stores, online channel, and others.

Hypermarket/supermarket segment dominated the global tempeh market in 2019

In 2019, the supermarkets/hypermarkets segment is forecasted to register the largest share in the global tempeh market. The segment's growth is primarily due to various facilities provided by supermarkets/hypermarkets such as easy shopping, product discounts, competitive pricing, product comparison, and visibility under one roof, and others.

Source: DataM Intelligence Analysis (2019)

Geographical Analysis

Based on geography, the study analyzes the tempeh market in the global market, including North America, Asia-Pacific, South America, Europe, and the Middle East & Africa.

Asia-Pacific leads the global market throughout the forecast period

In 2019, Asia-Pacific accounted for the largest market share in the tempeh market. Tempeh consumption is highest in the region, especially in Indonesia, which is also the largest producer of tempeh. Moreover, the product is used as a staple source of protein in the country. Rising health awareness among consumers has boosted the demand for tempeh products in the region.

North America is anticipated to show remarkable growth over the forecast timeline. The rising vegan population and the demand for meat alternatives are expected to add value to the market over the coming years. Furthermore, consumer inclination towards the consumption of ready-to-eat tempeh foods is again likely to accelerate the regional market growth over the next few years.

The Europe market is expected to show considerable growth over the years. Since aging adults extensively consume tempeh to prevent joint paint and digestive problems; the market is expected to witness sizeable growth due to an increasing geriatric population in the region.

Competitive Landscape

The tempeh market is highly competitive, owing to the presence of big food brands. The key tempeh players which are contributing to the growth of the global market include SBC Tempeh Manufacturers, Lalibela Farm Tempeh, Alive & Healing Inc., Henry’s Tempeh, Rhapsody Natural Foods, TOFU Manufaktur Nagel GmbH, Impulse Tempeh, Schouten Europe B.V., Natural Oriental Fresh Foods BV, Tempea Natural Foods Ltd., Organic Village Food, Gwen Tempeh, Turtle Island Foods, Inc., Nutrisoy Pty Ltd, and Primasoy, among others. The major players are adopting new product launch and expansion strategies for global growth in the tempeh market.

Nutrisoy Pty Ltd

Overview: Nutrisoy Pty Ltd was founded in 1984. The company's line of business includes manufacturing prepared foods and miscellaneous food specialties.

Product Portfolio: The Company’s portfolio comprises Nutrisoy Tofu, Nutrisoy Tempeh, Soyco Tofu, and Tly Tofu.

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  • Visualize the tempeh market segmentation composition by type, distribution channel, and region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the tempeh market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of tempeh market - level 3 segmentation.
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  • Product mapping in excel for the key product of all major market players

The global tempeh market report would provide access to an approx. 64 market data table, 48 figures, and 270 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

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Table of Contents

  1. Tempeh Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Tempeh Market – Market Definition and Overview

  3. Tempeh Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Distribution Channel
    3. Market Snippet by Region
  4. Tempeh Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increase in demand for disease-modifying and targeted treatments
        2. High incidence rate of angina pectoris
        3. Improved spending on healthcare
        4. Rise in the availability of effective treatment methods
        5. Technological Advancements towards Personalized Cardiovascular Medicines
      2. Restraints:
        1. Growing Use of Minimally Invasive Surgeries
      3. Opportunity
      4. Impact Analysis
  5. Tempeh Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Value Chain Analysis
    4. PEST Analysis
    5. Pricing Analysis
    6. Regulatory Analysis
    7. Reimbursement Analysis
    8. Unmet Needs
    9. Patent Trends
  6. Tempeh Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Tempeh Market – By Type

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type Segment
    3. Market Attractiveness Index, By Type Segment
      1. Organic*
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Regular
  8. Tempeh Market – By Distribution Channel

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel Segment
    3. Market Attractiveness Index, By Distribution Channel Segment
      1. Hypermarket/Supermarket*
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Convenience Stores
      3. Online Channel
      4. Others
  9. Tempeh Market – By Region

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    3. Market Attractiveness Index, By Region
    4. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    5. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    6. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    7. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    8. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
  10. Tempeh Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Tempeh Market- Company Profiles

    1. SBC Tempeh Manufacturers*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Lalibela Farm Tempeh
    3. Alive & Healing Inc.
    4. Henry’s Tempeh
    5. Rhapsody Natural Foods
    6. TOFU Manufaktur Nagel GmbH
    7. Impulse Tempeh
    8. Schouten Europe B.V.
    9. Natural Oriental Fresh Foods BV
    10. Tempea Natural Foods Ltd.
    11. Organic Village Food
    12. Gwen Tempeh
    13. Turtle Island Foods, Inc.
    14. Nutrisoy Pty Ltd
    15. Primasoy (List Not Exhaustive)
  12. Tempeh Market – Premium Insights

  13. Tempeh Market – DataM Intelligence

    1. Appendix
    2. About Us and Services
    3. Contact Us

 

List of Tables & Figures

List of Tables
Table 1 Global Tempeh Market Value, By Type, 2019, 2023 & 2027 (US$ Million)    
Table 2 Global Tempeh Market Value, By Distribution Channel, 2019, 2023 & 2027 (US$ Million)    
Table 3 Global Tempeh Market Value, By Region, 2019, 2023 & 2027 (US$ Million)    
Table 4 North America Tempeh Market Value, By Type, 2019, 2023 & 2027 (US$ Million)    
Table 5 North America Tempeh Market Value, By Distribution Channel, 2019, 2023 & 2027 (US$ Million)    
Table 6 North America Tempeh Market Value, By Country, 2018-2027 (US$ Million)    
Table 7 South America Tempeh Market Value, By Type, 2019, 2023 & 2027 (US$ Million)    
Table 8 South America Tempeh Market Value, By Distribution Channel, 2019, 2023 & 2027 (US$ Million)    
Table 9 South America Tempeh Market Value, By Country, 2018-2027 (US$ Million)    
Table 10 Europe Tempeh Market Value, By Type, 2019, 2023 & 2027 (US$ Million)    
Table 11 Europe Tempeh Market Value, By Distribution Channel, 2019, 2023 & 2027 (US$ Million)    
Table 12 Europe Tempeh Market Value, By Country, 2018-2027 (US$ Million)    
Table 13 Asia Pacific Tempeh Market Value, By Type, 2019, 2023 & 2027 (US$ Million)    
Table 14 Asia Pacific Tempeh Market Value, By Distribution Channel, 2019, 2023 & 2027 (US$ Million)    
Table 15 Asia Pacific Tempeh Market Value, By Application, 2019, 2023 & 2027 (US$ Million)
Table 16 Asia Pacific Tempeh Market Value, By Country, 2019, 2023 & 2027 (US$ Million)
Table 17 The Middle East & Africa Tempeh Market Value, By Type, 2019, 2023 & 2027 (US$ Million)    
Table 18 The Middle East & Africa Tempeh Market Value, By Distribution Channel, 2019, 2023 & 2027 (US$ Million)
Table 19 The Middle East & Africa Tempeh Market Value, By Country, 2019, 2023 & 2027 (US$ Million)
Table 20 SBC Tempeh Manufacturers: Overview    
Table 21 SBC Tempeh Manufacturers: Product Portfolio    
Table 22 SBC Tempeh Manufacturers: Key Developments    
Table 23 Lalibela Farm Tempeh: Overview    
Table 24 Lalibela Farm Tempeh: Product Portfolio    
Table 25 Lalibela Farm Tempeh: Key Developments    
Table 26 Alive & Healing Inc.: Overview    
Table 27 Alive & Healing Inc.: Product Portfolio    
Table 28 Alive & Healing Inc.: Key Developments    
Table 29 Henry’s Tempeh Overview    
Table 30 Henry’s Tempeh: Product Portfolio    
Table 31 Henry’s Tempeh: Key Developments    
Table 32 Rhapsody Natural Foods: Overview    
Table 33 Rhapsody Natural Foods: Product Portfolio    
Table 34 Rhapsody Natural Foods: Key Developments    
Table 35 TOFU Manufaktur Nagel GmbH: Overview    
Table 36 TOFU Manufaktur Nagel GmbH: Product Portfolio    
Table 37 TOFU Manufaktur Nagel GmbH: Key Developments    
Table 38 Impulse Tempeh: Overview    
Table 39 Impulse Tempeh: Product Portfolio    
Table 40 Impulse Tempeh: Key Developments    
Table 41 Schouten Europe B.V.: Overview    
Table 42 Schouten Europe B.V.: Product Portfolio    
Table 43 Schouten Europe B.V.: Key Developments    
Table 44 Natural Oriental Fresh Foods BV: Overview    
Table 45 Natural Oriental Fresh Foods BV: Product Portfolio    
Table 46 Natural Oriental Fresh Foods BV: Key Developments    
Table 47 Tempea Natural Foods Ltd.: Overview    
Table 48 Tempea Natural Foods Ltd.: Product Portfolio
Table 49 Tempea Natural Foods Ltd.: Key Developments
Table 50 Organic Village Food: Overview    
Table 51 Organic Village Food: Product Portfolio
Table 52 Organic Village Food: Key Developments
Table 53 Gwen Tempeh: Overview    
Table 54 Gwen Tempeh: Product Portfolio
Table 55 Gwen Tempeh: Key Developments
Table 56 Turtle Island Foods, Inc.: Overview    
Table 57 Turtle Island Foods, Inc.: Product Portfolio
Table 58 Turtle Island Foods, Inc.: Key Developments
Table 59 Nutrisoy Pty Ltd: Overview    
Table 60 Nutrisoy Pty Ltd: Product Portfolio
Table 61 Nutrisoy Pty Ltd: Key Developments
Table 62 Primasoy: Overview    
Table 63 Primasoy: Product Portfolio
Table 64 Primasoy: Key Developments
List of Figures
Figure 1 Global Tempeh Market Share, By Type, 2019 & 2027 (%)
Figure 2 Global Tempeh Market Share, By Distribution Channel, 2019 & 2027 (%)
Figure 3 Global Tempeh Market Share, By Region, 2019 & 2027 (%)
Figure 4 Global Tempeh Market Value, 2018-2027 (US$ Million)
Figure 5 Global Tempeh Market Y-o-Y Growth, By Type, 2019-2027 (%)
Figure 6 Organic: Global Tempeh Market Value, 2018-2027 (US$ Million)
Figure 7 Regular: Global Tempeh Market Value, 2018-2027 (US$ Million)
Figure 8 Global Tempeh Market Y-o-Y Growth, By Distribution Channel, 2019-2027 (%)
Figure 9 Hypermarket/Supermarket: Global Tempeh Market Value, 2018-2027 (US$ Million)
Figure 10 Convenience Stores: Global Tempeh Market Value, 2018-2027 (US$ Million)
Figure 11 Online Channel: Global Tempeh Market Value, 2018-2027 (US$ Million)
Figure 12 Others: Global Tempeh Market Value, 2018-2027 (US$ Million)
Figure 13 Global Tempeh Market Y-o-Y Growth, By Region, 2019-2027 (%)
Figure 14 North America Tempeh Market Value, 2018-2027 (US$ Million)
Figure 15 North America Tempeh Market Share, By Type, 2019 & 2027 (%)
Figure 16 North America Tempeh Market Share, By Distribution Channel, 2019 & 2027 (%)
Figure 17 North America Tempeh Market Share, By Country, 2019 & 2027 (%)
Figure 18 South America Tempeh Market Value, 2018-2027 (US$ Million)
Figure 19 South America Tempeh Market Share, By Type, 2019 & 2027 (%)
Figure 20 South America Tempeh Market Share, By Distribution Channel, 2019 & 2027 (%)
Figure 21 South America Tempeh Market Share, By Country, 2019 & 2027 (%)
Figure 22 Europe Tempeh Market Value, 2018-2027 (US$ Million)
Figure 23 Europe Tempeh Market Share, By Type, 2019 & 2027 (%)
Figure 24 Europe Tempeh Market Share, By Distribution Channel, 2019 & 2027 (%)
Figure 25 Europe Tempeh Market Share, By Country, 2019 & 2027 (%)
Figure 26 Asia-Pacific Tempeh Market Value, 2018-2027 (US$ Million)
Figure 27 Asia-Pacific Tempeh Market Share, By Type, 2019 & 2027 (%)
Figure 28 Asia-Pacific Tempeh Market Share, By Distribution Channel, 2019 & 2027 (%)
Figure 29 Asia-Pacific Tempeh Market Share, By Country, 2019 & 2027 (%)
Figure 30 The Middle East & Africa Tempeh Market Value, 2018-2027 (US$ Million)
Figure 31 The Middle East & Africa Tempeh Market Share, By Type, 2019 & 2027 (%)
Figure 32 The Middle East & Africa Tempeh Market Share, By Distribution Channel, 2019 & 2027 (%)
Figure 33 The Middle East & Africa Tempeh Market Share, By Country, 2019 & 2027 (%)
Figure 34 SBC Tempeh Manufacturers: Financials
Figure 35 Lalibela Farm Tempeh: Financials
Figure 36 Alive & Healing Inc.: Financials
Figure 37 Henry’s Tempeh: Financials
Figure 38 Rhapsody Natural Foods: Financials
Figure 39 TOFU Manufaktur Nagel GmbH: Financials
Figure 40 Impulse Tempeh: Financials
Figure 41 Schouten Europe B.V.: Financials
Figure 42 Natural Oriental Fresh Foods BV: Financials
Figure 43 Tempea Natural Foods Ltd.: Financials
Figure 44 Organic Village Food: Financials
Figure 45 Gwen Tempeh: Financials
Figure 46 Turtle Island Foods, Inc.: Financials
Figure 47 Nutrisoy Pty Ltd: Financials
Figure 48 Primasoy: Financials

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