Market Size of north america tofu Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
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CAGR | 10.81 % |
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Largest Share by Distribution Channel | Off-Trade |
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Largest Share by Country | United States |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Tofu Market Analysis
The North America Tofu Market is projected to register a CAGR of 10.81%
- United States is the Largest Country : The increasing vegan population in the country seeking proteins from healthy meat alternatives like tofu and its variants is driving the segmental growth in the United States.
- Off-Trade is the Largest Distribution Channel : Consumers purchasing from supermarkets and hypermarkets is increasing with the wide offerings in the store and the expansion of shelf space for meat substitutes like tofu.
- United States is the Fastest-growing Country : The segment is largely driven by local consumers switching to tofu due to environmental and animal welfare concerns. This led to major growth in the US vegan population.
- On-Trade is the Fastest-growing Distribution Channel : On-trade distribution channel sales of tofu are associated with the region's growing foodservice sector, including vegan restaurants, impacting its bulk purchases.
