Tempeh

Global Tempeh Market to Reach US$6.3 Billion by 2030

The global market for Tempeh estimated at US$4.7 Billion in the year 2024, is expected to reach US$6.3 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2024-2030. Frozen, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$4.6 Billion by the end of the analysis period. Growth in the Fresh segment is estimated at 4.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 7.7% CAGR

The Tempeh market in the U.S. is estimated at US$1.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Tempeh Market - Key Trends and Drivers Summarized

What Is Tempeh and Why Is It Gaining Popularity?
Tempeh is a traditional fermented soy product originating from Indonesia, known for its high protein content and firm texture, making it an increasingly popular meat substitute in plant-based diets. Unlike other soy products such as tofu, tempeh is made by fermenting whole soybeans, resulting in a product that retains more fiber, vitamins, and minerals. Its dense, chewy texture and nutty flavor make it a versatile ingredient in a variety of dishes, ranging from salads and stir-fries to burgers and sandwiches. As consumer interest in plant-based proteins grows, tempeh has become a key product in the global plant-based food market, appealing to vegans, vegetarians, and flexitarians alike.

How Is Tempeh Being Used Across Different Food Markets?
Tempeh is widely used in both retail and foodservice markets, particularly in health-conscious and environmentally-conscious sectors. In retail, tempeh is available in grocery stores and health food shops, often marketed as an organic, non-GMO, or gluten-free product. It is commonly used as a meat substitute in dishes such as tacos, wraps, and plant-based burgers. In the foodservice industry, tempeh is gaining traction in restaurants and cafes that specialize in vegetarian, vegan, or farm-to-table cuisines. Additionally, with the rise of plant-based meal delivery services, tempeh is being featured in a growing number of ready-to-eat and meal-kit options, providing consumers with convenient, protein-rich alternatives to traditional meat-based meals.

What Are the Key Segments Driving Growth in the Tempeh Market?
Product types include plain tempeh, flavored tempeh, and tempeh-based ready-to-eat meals. Flavored tempeh, such as BBQ or curry varieties, is becoming increasingly popular as manufacturers seek to cater to diverse taste preferences. Distribution channels include supermarkets, health food stores, online retail, and foodservice outlets. Supermarkets and health food stores dominate the retail space, while online retail is growing rapidly, driven by the rise of plant-based meal kits and health-conscious consumers seeking convenience. The foodservice sector, especially restaurants and cafes specializing in vegetarian and vegan cuisine, is also a growing segment as more consumers seek out plant-based options in their dining experiences. Geographically, North America and Europe are the largest markets for tempeh, driven by the growing popularity of plant-based diets, while the Asia-Pacific region, particularly Indonesia, remains a key production and consumption hub for traditional tempeh.

The Growth in the Tempeh Market Is Driven by Several Factors
The growth in the tempeh market is driven by several factors, including the increasing consumer demand for plant-based proteins, the rising awareness of the health benefits of fermented foods, and the expanding trend of vegan and vegetarian diets. As more consumers adopt flexitarian lifestyles, tempeh is gaining attention as a versatile, nutrient-rich meat substitute that appeals to both health-conscious individuals and those seeking sustainable food choices. Innovations in tempeh flavors and product formats are helping to attract a broader consumer base, while the availability of organic, non-GMO, and gluten-free options is further fueling demand. Additionally, the growth of e-commerce and online food delivery services is making tempeh more accessible to consumers, contributing to its increasing presence in everyday diets. As sustainability and wellness continue to drive consumer choices, the tempeh market is expected to see sustained growth globally.

SCOPE OF STUDY:

The report analyzes the Tempeh market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Frozen, Fresh, Ready-to-eat)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 23 Featured) -

• Alive & Healing Inc.
• Byron Bay Tempeh
• Future Food
• Gwen Tempeh
• Henry's Tempeh Inc.
• Impulse
• Lalibela Farm
• Lightlife Foods, Inc.
• Margaret River Tempeh
• Mighty Bean Tempeh Sunshine Coast
• Natural Oriental Fresh Foods BV
• Nutrisoy Pty Ltd.
• Organic Village Food
• Rhapsody Natural Foods
• SBC Tempeh Manufacturers
• Schouten Europe B.V.
• Tempea Natural Foods Ltd.
• Tempeh Temple
• The Tofurky Company
• TOFU Manufaktur Christian Nagel GmbH
• Totally Tempeh

TARIFF IMPACT FACTOR

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