Tempeh Market Report 2026

The tempeh market size has grown strongly in recent years. It will grow from $6.11 billion in 2025 to $6.64 billion in 2026 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing consumption of traditional soy-based foods, expansion of vegetarian and vegan populations, cultural acceptance in asian cuisines, availability of soybeans as raw material, growth of health food retail.

The tempeh market size is expected to see strong growth in the next few years. It will grow to $9.43 billion in 2030 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing demand for alternative proteins, rising focus on gut health and fermentation benefits, expansion of western adoption of tempeh, growing investment in plant-based food startups, innovation in tempeh-based convenience foods. Major trends in the forecast period include growing adoption of plant-based protein diets, rising demand for fermented functional foods, expansion of ready-to-eat tempeh products, increasing product innovation with flavors and formats, growing focus on clean label and organic offerings.

The rising demand for meat alternatives is expected to drive the growth of the tempeh market in the coming years. Meat alternatives are products designed to mimic the flavor, appearance, and nutritional profile of traditional meat, but are made entirely from plant-based or alternative protein sources. As consumers increasingly seek plant-based options that replicate the taste and texture of meat, the expansion of the meat alternative sector presents significant opportunities for tempeh. For example, in April 2024, the Good Food Institute, a US-based non-profit organization, reported that Brazil experienced record demand for plant-based meat and seafood alternatives in 2023, with retail sales reaching R$1.1 billion, a 38% increase over the previous year. Therefore, the growth of meat alternatives is fueling the tempeh market.

Key players in the tempeh market are emphasizing plant-based protein innovations, such as fermented soybean protein products, to enhance convenience, nutrition, and versatility for consumers. Fermented soybean protein is created by culturing whole soybeans with beneficial mold to form a firm, protein-rich structure that can be processed into various textures for cooking. For instance, in March 2024, Lightlife, a US-based plant-based foods company, launched Tempeh Protein Crumbles, a ready-to-use tempeh-based product designed to provide a quick and nutritious protein option for everyday meals. The product features 16 grams of protein and 6 grams of fiber per serving and is available in Original and Smoked Chipotle flavors. Tempeh Protein Crumbles enhances meal preparation convenience, supports healthier dietary choices, and expands the use of tempeh in mainstream dishes.

In August 2024, Comitis Capital, a US-based investment and advisory firm, acquired The Tofoo Co., a UK-based company known for its production of plant-based tofu products, including tempeh. The financial details of the acquisition were not disclosed. This strategic move aims to enhance Comitis Capital's portfolio in the rapidly expanding plant-based food sector, specifically addressing the increasing demand for meat alternatives. This acquisition reflects a growing trend towards plant-based diets and the search for sustainable food options in the market.

Major companies operating in the tempeh market are Vegolution India Private Limited, Plant Power Foods Ltd., Lightlife Foods Inc., Noble Bean Inc., Hello Tempayy, Totally Tempeh Inc., Nutrisoy Pty. Ltd., Mighty Bean Tempeh LLC, Margaret River Tempeh Company, PRIMASOY Organic Tempeh, Gwen Tempeh, Alive & Healing Inc., Henry's Tempeh, Tootie's Tempeh, Tempeh Tantrum, SBC Tempeh Manufacturers, Tempeh Meades Ltd., Byron Bay Tempeh Company, Green Cuisine Tempeh, Tiba Tempeh, Peaceful Rebel Tempeh, Big Mountain Foods Tempeh, Better Nature Tempeh.

North America was the largest region in the tempeh market in 2025. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the tempeh market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the tempeh market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The tempeh market consists of sales of fresh tempeh, frozen tempeh, and ready-to-eat tempeh. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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