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Fermented Bean Curd Market Size Estimated to Reach USD 940.92 Mn By 2028, With 5.75% CAGR: Statistics Report by Credence Research

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Fermented Bean Curd Market Size Estimated to Reach USD 940.92 Mn By 2028, With 5.75% CAGR: Statistics Report by Credence Research

May 04
18:50 2022
Fermented Bean Curd Market Size Estimated to Reach USD 940.92 Mn By 2028, With 5.75% CAGR: Statistics Report by Credence Research
Global Fermented Bean Curd market has generated revenue of over USD 626.41 million in 2021. It is expected to exhibit CAGR of over 5.75% during the forecast period to reach over USD 940.92 million by the end of 2028.

The Global Fermented Bean Curd Market generated revenue of around USD 626.41 million in 2021 and is anticipated to grow a CAGR of over 5.75% during the forecast period from 2022 to 2028 to reach around USD 940.92 million in 2028. While, cumulative growth opportunity presented by the global Fermented Bean Curd is around USD 5.61 billion during 2022 to 2028.

Global Fermented Bean Curd Market, 2021 – 2028 (USD Million)

The international fermented bean curd market is forecasted to expand in the following years continuously. Bean curd is the English name for “tofu,” a gluten-free and outstanding source of nutrients, including calcium and iron. Today, the fermented bean curd industry is segmented into the type of fermented bean curd, its application, and the regions it’s most widely used. Fermented bean curd types primarily consist of red and white fermented bean curds. And applications mainly consist of catering and retail.

Browse the full report at  https://www.credenceresearch.com/report/fermented-bean-curd-market

Credence Research published the latest report titled as “Fermented Bean Curd Market Type (White Fermented Bean Curd, Red Fermented Bean Curd) Distribution Channel (Supermarkets & Hypermarkets, Grocery Stores, Online, Specialty Stores) – Ukraine War, Future Prospects And Competitive Analysis, 2016 – 2028” into their research database.

White Fermented Bean Curd to Grow at Rapid Pace

White Fermented Bean Curd and Red Fermented Bean Curd are some of the important types of Fermented Bean Curds produced and consumed across different region. However, White Fermented Bean Curd is growing in demand and held significant share in total revenue generation with over 55% in 2021. While, Red Fermented Bean Curd segment is likely to grow at considerable growth rate over the years to come. Red Fermented Bean Curd possesses stronger flavor as compare to White Fermented Bean Curd.

Supermarkets & Hypermarket is Largest Distribution Channel for Fermented Bean Curd  

Supermarkets & Hypermarkets, Grocery Stores, Online, Specialty Stores and Others are major Distribution Channel segments for the global Fermented Bean Curd industry. Supermarkets & Hypermarkets  segment held the largest share of global Fermented Bean Curd industry in 2021 with over 35% contribution to revenue generated by Fermented Bean Curd market. Secondly, grocery stores segment also expected to grow at a significant CAGR which in turn likely to drive demand for Fermented Bean Curd.

Request for Discount on this Report Before Purchase @ https://www.credenceresearch.com/inquiry-before-buying/60536

Asia Pacific is Second Leading Market for Fermented Bean Curd

Asia Pacific is leading the Fermented Bean Curd industry with over 55% share in 2021. China, Japan, South Korea and Asian countries dominate production as well as consumption of Fermented Bean Curd. While, Europe and North America hold very little market share in global Fermented Bean Curd market. Demand for Fermented Bean Curd is growing in Europe and North America as vegan population is growing. Moreover, growing awareness among end-user regarding health benefits offered by Fermented Bean Curd is mainly driving the demand for Fermented Bean Curd.

Significance of War between Russia & Ukraine for Fermented Bean Curd Importers

As Ukraine and Russia has meager contribution in production as well as consumption of Fermented Bean Curd the impact of war between Russia and Ukraine will be minimal on this market.

Major players operating in the Fermented Bean Curd industry include Chengdu Baibaibei Food Co., Ltd., Chiali Food Co., Ltd, ENG LEE SENG Marketing Holdings(M) SDN BHD, Guiyang Taihe Capsicum products Co.,Ltd, Lee Kum Kee, Liuyang Lige Special Food Co.,Ltd, Shenzhen Yongmiao Foodstuffs Co., Ltd and Zhuhai Jialin Food Co., Ltd.

Fermented Bean Curd Report Scope

Report Attribute

Details

Market Value in 2021

USD 626.48 million

Market Value in 2028

USD 940.92 million

CAGR

5.75% between 2021 and 2028

Benchmarking Year

2021

Past data

2016 – 2021

Forecast period

2022 – 2028

Report coverage

Market Size Valuation, Share Analysis and Growth Rate by Segments such as Type and Distribution Channel, Company Share, Competitive Landscape and Trends Analysis

Segments covered

Type

White Fermented Bean Curd

Red Fermented Bean Curd

Distribution Channel

Supermarkets & Hypermarkets

Grocery Stores

Online

Specialty Stores

Regional scope

North America (U.S., Canada and Mexico), Europe (Russia, Spain, Italy, Germany, France, UK, Poland, Belgium, Netherland, Sweden, Ukraine, Denmark, Austria, etc.), Asia Pacific (India, South Korea, China, Japan, Taiwan, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Australia, etc.), Latin America (Peru, Chile, Colombia, Brazil, Argentina, etc.), Middle East (KSA, UAE, Israel, etc.) & Africa (Egypt, Nigeria, South Africa, East African Community, etc.)

Major Players Analysed

Chengdu Baibaibei Food Co., Ltd., Chiali Food Co., Ltd, ENG LEE SENG Marketing Holdings(M) SDN BHD, Guiyang Taihe Capsicum products Co.,Ltd, Lee Kum Kee, Liuyang Lige Special Food Co.,Ltd, Shenzhen Yongmiao Foodstuffs Co., Ltd and Zhuhai Jialin Food Co., Ltd.

Cost of the Report

Write us at [email protected]

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Market Segmentation

Global Fermented Bean Curd Market by Type, 2016 – 2028

  • White Fermented Bean Curd
  • Red Fermented Bean Curd

Global Fermented Bean Curd Market by Application, 2016 – 2028

  • Supermarkets & Hypermarkets
  • Grocery Stores
  • Online
  • Specialty Stores
  • Others

Global Fermented Bean Curd Market by Company, 2016 – 2028

  • Chengdu Baibaibei Food Co., Ltd.
  • Chiali Food Co., Ltd
  • ENG LEE SENG Marketing Holdings(M) SDN BHD
  • Guiyang Taihe Capsicum products Co.,Ltd
  • Lee Kum Kee
  • Liuyang Lige Special Food Co.,Ltd
  • Shenzhen Yongmiao Foodstuffs Co., Ltd
  • Zhuhai Jialin Food Co., Ltd.
  • Others

Browse the full report at  https://www.credenceresearch.com/report/fermented-bean-curd-market

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