The Asia Pacific Tempeh Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.13 billion by 2031. The Japan market is registering a CAGR of 8.5% during 2024-2031. Additionally, the India market is expected to 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 and 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.
The China market dominated the Asia Pacific Tempeh Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.13 billion by 2031. The Japan market is registering a CAGR of 8.5% during 2024-2031. Additionally, the India market is expected to 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 and 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.
List of Key Companies Profiled
- Byron Bay Tempeh
- Tootie’s Tempeh
- Nutrisoy Pty Ltd
- Maple leaf foods, Inc.
- Primasoy
- Noble Bean Tempeh
- Tempeh Meades
- Rhapsody Natural Foods
- Vegolution India private limited
Market Report Segmentation
By Distribution Channel
- Foodservice
- Retail
- Hypermarkets and Supermarkets
- Convenience Stores
- Online
- Other Retail Channel Types
By Source
- Soya Beans
- Multi-grain
- Other Sources
By Country
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Tempeh Market by Distribution Channel
Chapter 5. Asia Pacific Tempeh Market by Source
Chapter 6. Asia Pacific Tempeh Market by Type
Chapter 7. Asia Pacific Tempeh Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Asia-Pacific Tempeh market report include:- Byron Bay Tempeh
- Tootie’s Tempeh
- Nutrisoy Pty Ltd
- Maple leaf foods, Inc.
- Primasoy
- Noble Bean Tempeh
- Tempeh Meades
- Rhapsody Natural Foods
- Vegolution India private limited
Methodology
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