Tempeh Market

Tempeh Market
April 2017
Report Id : REP-GB-3283
Status : Ongoing
Category : Food and Beverages
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Tempeh Market
Tempeh is a type of fermented soy cake product which can be consumed with rice or as a snack.
Tempeh is obtained from fermentation of soybean with Rhizopus oligosporus as a starter culture. Tempeh
was originated in Indonesia and has been increasing its demand in global market as a competitor of tofu.
Tempeh has many health benefits such as reducing cholesterol, increasing bone density, reducing
menopausal symptoms, promoting muscle recovery, etc. Tempeh is a rich source of manganese, copper,
fiber, protein, phosphorus, vitamins, magnesium, etc. which makes it popular in health conscious
consumers globally. Tempeh is a better meat alternative of all fermented soy products. Tempeh contains
high nutritional value and hence is used in various vegetarian cuisine worldwide, where it is used as meat
analogue. Tempeh contains high levels of vitamins B6, B5, B3, and B2. Tempeh has the ability to have
many textures and flavors which makes it a better substitute for meat and meat-based products.
Market Segmentation:
The global tempeh market is segmented on the basis of type, distribution channels, form, and region. The
global tempeh market is segmented on the basis of type such as tempeh bacem, tempe bongkrek, tempe
mendoan, and tempe semangit. The global tempeh market is segmented on the basis of distribution
channel as supermarket/ hypermarket, retail shops, online shops etc. The global tempeh market can also
be segmented on the basis of form such as organic tempeh and conventional tempeh. On the basis of
form the demand for organic tempeh is growing worldwide as a result of increasing health awareness
among consumers. Hence, the global tempeh market is expected to significantly increase the revenue
contribution over the forecast period.
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Tempeh Market
Market Regional Outlook:
On the basis of regions, the tempeh market has been segmented into North America, Latin America,
Western and Eastern Europe, Asia-Pacific Excluding Japan, Japan, Middle East and Africa. Globally, among
all regions, Asia Pacific has developed as the dominant region in global tempeh market followed by North
America. Tempeh is originated in Indonesia which produces and consumes maximum amount of tempeh
domestically. China is growing in producing tempeh to cater to consumer needs in global market. Japan,
Korea and India are some countries which are gaining interest in producing fermented food products
from soybean in turn growing tempeh market globally.
Market Drivers and Trends:
Tempeh is a healthy food containing probiotic which helps increasing antibodies, build stronger immune
system, regulate appetite and reduces sugar. Tempeh is popular in health conscious consumers as it helps
in reducing cholesterol levels naturally. Availability of tempeh in supermarket/ hypermarkets is also
driving market for tempeh in urban countries. Increasing awareness of consumption of healthy food is
driving market for tempeh globally. As a result of growing population of working professionals demand
for ready-to-eat tempeh is increasing in urban areas driving market for tempeh globally. Manufacturers
are focusing on providing healthier product offerings. Tempeh also has many health benefits such as its
helps in muscle building, reduces risk of diabetes and treats inflammatory diseases which helps in
growing global market for tempeh.
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Tempeh Market
Hence, the global tempeh market is expected to observe robust growth over the forecast period.
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Tempeh Market Key Players:
Some of the key players in the tempeh market include Lalibela Farm, The Cultered Bean Company,
Nutrisoy Pty Ltd., Impulse Foods, ALIVE & HEALING INC., and American Soy Asia are among these. The
companies are expected to expand their business by enhancing their product portfolio in global
tempeh market. The companies are projected to frame certain strategies in future in order to gain the
competitive advantage in global tempeh market till 2027.
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