The Asia Pacific Tempeh Market would witness market growth of 9.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Tempeh Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,135.1 Million by 2031. The Japan market is registering a CAGR of 8.5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 10% during (2024 - 2031).
This is increasingly featured in fusion cuisine, combining ingredients from various culinary traditions. Examples include soya sushi rolls, soya curry with spices, and soya-infused pasta dishes. Street food vendors are adopting them in traditional dishes from various cultures, such as soya kebabs, soya satay, and soya-filled dumplings, adding a plant-based twist to classic street food offerings.
The adoption trends in this market reflect a dynamic shift in consumer preferences, technological advancements, and evolving industry practices. This is increasingly available in mainstream grocery stores and supermarkets, moving beyond its traditional placement in specialty health food stores. This distribution helps make them more accessible to a broader consumer base. Major retail chains and supermarket groups are adding them to their product offerings, reflecting its growing acceptance and demand among mainstream consumers.
The growth of modern retail chains, such as supermarkets and hypermarkets, in India has led to greater availability of them. These retail outlets are expanding their product ranges to include international and plant-based options, increasing consumer access to them. As per the National Investment Promotion & Facilitation Agency, the Indian retail sector is projected to develop at a 25% annual rate, reaching $1.1 trillion by 2027 and $2 trillion by 2032. The growth of the food processing industry in China has led to the adoption of advanced processing technologies. These technologies enable the efficient production of these, improving its quality, consistency, and production scale. As per the State Council of the Peoples Republic of China, the value-added industrial output of the agricultural and sideline food processing sector rose 3.3% year-on-year in the period, while that of the food manufacturing sector climbed 4.1% year-on-year. In conclusion, the rising retail industry and increasing processed food sector in the region are promoting the growth of the market.
Free Valuable Insights: The Global Tempeh Market is Predict to reach USD 9.5 Billion by 2031, at a CAGR of 8.9%
Based on Distribution Channel, the market is segmented into Foodservice and Retail (Hypermarkets & Supermarkets, Convenience Stores, Online, and Other Retail Channel Types). Based on Source, the market is segmented into Soya Beans, Multi-grain, and Other Sources. Based on Type, the market is segmented into Fresh, Frozen, and Ready-to-Eat. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Distribution Channel
By Source
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 