According to a research report published by Spherical Insights & Consulting, The Global Tempeh Market Size Expected to Grow from USD 5.21 Billion in 2023 to USD 8.85 Billion by 2033, at a CAGR of 5.44% during the forecast period 2023-2033.

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Tempeh is produced using Rhizopus oligosporus, a type of fungus, to ferment soybeans. It has rich nutrition and is exceptionally favored in different types of vegetarian cuisines around the world. The fermentation process employs the use of a fungus that goes by the name of Rhizopus oligosporus or tempeh starter. Fermentation makes tempeh more easily digested. Its high prebiotic content gives it anti-inflammatory properties, which are beneficial for gut and digestive health. The plant-based fitness industry, alongside a growing public consciousness regarding the hardships associated with meat production, has increased the number of vegan and flexitarian diets throughout the world. Many vegans are now eating tempeh, which is high in protein and calcium, as an alternative to meat. The escalating number of vegans in the world contributes to the rise of the tempeh market. It is thought to be a much better substitute for soy blocks due to its natural flavor and hard texture. Tempeh has been known for a very long time as an efficient meat replacement and replacement for many other animal-based products. The health benefits of tempeh strengthen the immune system, form antibodies, reduce blood sugar, regulate appetite, lower cholesterol, and increase muscle. Hence, it is catching on well in even advancing countries. However, the expected restraining factors hampering the growth of the tempeh market are many rational substitutes for tempeh products, such as tofu, and the exorbitant pricing of tempeh.

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Browse key industry insights spread across 231 pages with 110 Market data tables and figures & charts from the report on Global Tempeh Market Size, Share, and COVID-19 Impact Analysis, By Type (Frozen, Fresh, and Ready-to-Eat), By Source (Soya Beans, Multi-Grain, and Others), By Distribution Channel (Foodservice and Retail) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

The fresh segment is expected to hold the largest market share through the forecast period.

Based on the type, the tempeh market is categorized into frozen, fresh, and ready-to-eat. Among these, the fresh segment is expected to hold the largest market share through the forecast period. The growth is driven due to minimally processed fresh tempeh being usually considered a healthy food by consumers because it doesn’t contain preservatives. This view coincides with the general trend towards natural foods and clean eating. Fresh tempeh retains most of the nutrients that nature has intended for it, compared to processed or held tempeh.

The soya beans segment holds the highest market share through the forecast period. 

Based on the source, the tempeh market is categorized into soya beans, multi-grain, and others. Among these, the soybeans segment holds the highest market share through the forecast period. The growth is attributed to soybeans Tempeh is a great vegan source of minerals, vitamins B-12, fiber, and protein. This makes tempeh an excellent option for getting plant-based nutrients for the body. Furthermore, the fermentation process in making tempeh creates beneficial microorganisms, which help sustain gut health and nutrient absorption, thus improving digestion and gut health.

The foodservice segment is anticipated to grow at the highest CAGR during the forecast period. 

Based on the distribution channel, the tempeh market is categorized into food service and retail. Among these, the food service segment is anticipated to grow at the highest CAGR during the forecast period. Foodservice channels generally feature other services such as special orders, delivery schedules, flexible schedules, and logistics assistance. Customized services like these enable food service companies to meet special requirements and streamline operations. Foodservice outlets for bulk purchases include dealers and wholesalers.

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Asia Pacific is projected to hold the largest share of the global tempeh market over the forecast period.

Asia Pacific is projected to hold the largest share of the global tempeh market over the forecast period. The major tempeh-producing countries are Japan, India, China, the US, and Canada. Growth is expected to fuel the Asia-Pacific region owing to high health concerns and strong personal preferences for soy-based products. Tempeh is one of the most precious sources of protein for searching for meat alternatives, as most individuals want to shift to a plant-based diet and sustainable eating. Younger people and the region’s metropolitan inhabitants mainly push for this trend.

North America is expected to grow at the rapid CAGR of the global tempeh market during the forecast period. As plant-based diets and vegetarianism rise in popularity, tempeh is garnering interest as another healthy and versatile alternative to meat. Interest in global cuisines is growing as the marketplace for food in North America becomes more and more diverse.

Major vendors in the global tempeh market are Tootie’s Tempeh, Byron Bay Tempeh, Margaret River Tempeh, Mighty Bean Sunshine Coast, Nutrisoy Pty Ltd., Turtle Island Foods, Inc., Maple Leaf Foods Inc., Primasoy, Lalibela Farm Tempeh, Organic Village Food, Gwen Tempeh, Tempeh Temple, Henry’s Tempeh, SBC Tempeh Manufacturers, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Key Market Development 

• In March 2024, Greenleaf Foods announced that Lightlife Tempeh, the only tempeh brand in both the United States and Canada, will bring a new item to its range termed Tempeh Protein Crumbles. Lightlife Tempeh Protein Crumbles are available in two flavors-original and smoked chipotle a result of the rising consumer demand in the healthful clean protein source segment across this plant-based protein innovator. The original type is mildly spiced with salt, pepper, and garlic. The smoked chipotle version is heavily laced with roasted peppers, bringing just the right amount of heat.
• In February 2024, The Dutch companies Schouten Europe and Agrifirm announced a partnership to look into the feasibility of producing tempeh with the use of Dutch soybeans and fava beans.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global tempeh market based on the below-mentioned segments:

Global Tempeh Market, By Type 

• Frozen
• Fresh
• Ready-to-Eat 

Global Tempeh Market, By Source

• Soyabean
• Multigrain
• Others

Global Tempeh Market, By Distribution Channel 

• Foodservice
• Retail
• Others

Global Tempeh Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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