North America Tofu Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 509.93 Million |
|
|
Market Size (2029) | USD 899.25 Million |
|
Largest Share by Distribution Channel | Off-Trade |
|
|
CAGR (2024 - 2029) | 12.01 % |
|
Largest Share by Country | United States |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
North America Tofu Market Analysis
The North America Tofu Market size is estimated at 509.93 million USD in 2024, and is expected to reach 899.25 million USD by 2029, growing at a CAGR of 12.01% during the forecast period (2024-2029).
509.93 Million
Market Size in 2024 (USD)
899.25 Million
Market Size in 2029 (USD)
7.50 %
CAGR (2017-2023)
12.01 %
CAGR (2024-2029)
Largest Segment by Country
82.41 %
value share, United States, 2023
The increasing vegan population in the country seeking proteins from healthy meat alternatives like tofu and its variants is driving the segmental growth in the United States.
Largest Segment by Distribution Channel
71.29 %
value share, Off-Trade, 2023
Consumers purchasing from supermarkets and hypermarkets is increasing with the wide offerings in the store and the expansion of shelf space for meat substitutes like tofu.
Fastest-growing Segment by Country
12.20 %
Projected CAGR, United States, 2024-2029
The segment is largely driven by local consumers switching to tofu due to environmental and animal welfare concerns. This led to major growth in the US vegan population.
Fastest-growing Segment by Distribution Channel
12.86 %
Projected CAGR, On-Trade, 2024-2029
The ongoing demand in on-trade channels majorly due to tofu penetration in the menu of the many restaurants, making it a fastest growing segment.
Leading Market Player
14.86 %
market share, House Foods Group Inc., 2022
The several variants of tofu being offered by the company and its broad distribution networks are responsible for its market growth, making it a larger market player.
Rising Asian restaurants driving the market growth
- The off-trade segment dominates the distribution channels of the North American tofu market. In the off-trade segment, the online channel sub-segment is the fastest-growing. It is projected to record a CAGR of 15.93% over the forecast period. The growth of e-commerce has allowed businesses to satisfy their customer needs more conveniently and reach a larger addressable market. The four main e-commerce channels for tofu are direct-to-consumer, click-and-collect, retail grocery delivery, and concierge services. House Foods America, a leading tofu manufacturer, produced 50% more tofu in its Californian facility by expanding its footprint to a 36,000-square-foot facility. Similarly, Pulmuone operates three tofu manufacturing plants in Fullerton, CA, in the Western United States.
- The on-trade segment is primarily composed of Asian restaurants and foodservice operators, as well as Asian markets. There are many dishes and preparations in Asian cuisine with tofu varieties. Asian cuisine is reportedly one of the fastest-growing food trends in the region. So far, in 2022, there were over 68,000 East Asian and Southeast Asian-themed restaurants in the United States. Moreover, a significant number of Asian immigrants reside in North America.
- The on-trade channel is the overall fastest-growing segment, which is projected to record a CAGR of 12.49% from 2023 to 2029. Restaurants and foodservice operators have adapted to include tofu in their offerings, as it is an ideal substitute for meat. Tofu is a good source of protein, providing a cruelty-free and more eco-friendly option to diet-conscious individuals. Tofu has become more popular among customers as an adequate substitute and impulse-buy option in recent years.
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Rapid product launches are creating an excitement in the market
- By country, the United States is the leading market for tofu in the region and is projected to register the fastest CAGR of 11.84% by value during the forecast period (2023-2029). The higher demand is due to higher purchasing power and surging health and environmental awareness. Constant product launches are the key factor promoting the sales of tofu in the country because American consumers are highly open to trying new products. Moreover, the region has a strong soybean production base, which makes it easier for the manufacturers to have better control over their prices.
- The introduction of chickpea-based tofu is trending in the market. Manufacturers like Chikfu and Franklin Farms released chickpea-based tofu in the region in 2020 and 2021, respectively. The launch was made to appeal to consumers who are curious about trying new products, as well as soy-allergic consumers. In the United States, soy-allergic consumers make up less than 0.5% of the general population. These products also come with claims like GMO-free, low-fat, and allergen-free, giving consumers more plant-based options to diversify their diets.
- Canada is the second-leading market for tofu. The market is increasingly propelled by brands seeking to match the taste and texture of conventional meat precisely. Governmental support is also a major factor boosting the sales of tofu in the country. The Canadian government has identified plant-based foods as an important and growing industry. In 2021, an investment of USD 173 million was made for the Supercluster Initiative, including the plant protein industry. Thus, the Canadian tofu market is projected to record a CAGR of 10.68% by value during the forecast period.
North America Tofu Market Trends
Market prices are anticipated to stabilize as the tofu market is maturing
- According to a recent survey, about 5% of US residents consider themselves vegetarians, and 3% consider themselves vegans. Thus, the regional vegan market has grown significantly with the launch of several products. The prices of tofu have remained almost the same in the region because of the budding nature of the market. Compared to other meat substitute products, tofu is cheaper and more affordable (107% cheaper than textured vegetable protein in 2022), thus making it a popular product on retail shelves.
- The rising demand led to an increase in the prices of tofu across the United States, growing by 6.25% from 2017 to 2022. More companies are entering the market, and sellers are engaging in the price game to secure buyers. Soybean is currently facing supply disruptions worldwide. Inflation in the United States has had an impact on the cost of soybean products. In addition, soybean farmers in the United States increased prices due to labor shortages, increasing land rental costs, and weather uncertainty in soybean-producing countries, which has led to a rise in soybean prices in the region.
- Tofu is typically made from soybeans. However, in recent times, tofu made from chickpeas has been gaining popularity in the North American market. The expanding domestic demand for chickpea products has supported the pricing and accelerated production growth. A generally weaker chickpea market is expected in 2023-2024, as high prices work to cure high prices. Unlike many other agricultural commodities, the prices of some chickpea variants have risen over the past year. Kabuli and B-90 chickpeas, for example, are priced anywhere from about 45 to 60 cents/lb, up by 10 to 13 cents on the year.
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North America Tofu Industry Overview
The North America Tofu Market is fragmented, with the top five companies occupying 22.43%. The major players in this market are American Food Company, House Foods Group Inc., Morinaga Milk Industry Co. Ltd, Pulmuone Corporate and The Hain Celestial Group, Inc. (sorted alphabetically).
North America Tofu Market Leaders
American Food Company
House Foods Group Inc.
Morinaga Milk Industry Co. Ltd
Pulmuone Corporate
The Hain Celestial Group, Inc.
Other important companies include Albertsons Companies, Hodo Inc., Superior Natural LLC.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Tofu Market News
- March 2023: Hodo launched two new block tofus with vibrant global flavors which include Miso Tofu and Indian Spiced Tofu.
- February 2023: Morinaga Nutritional Foods acquired US plant-based company, Tofurky and its sister brand Moocho. Morinaga has been a tofu supplier for Tofurky products for 17 years. The acquisition of Tofurky and Moocho will help the company to strengthen the integrated supply chain and category growth for the brands.
- June 2022: Morinaga Nutritional Foods launched Mori-Nu Yuzu Flavored Silken Tofu, known for its velvety smooth texture. The product has a firm texture, is versatile, and can be added to desserts or blended for preparation.
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North America Tofu Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Price Trends
2.1.1. Tofu
2.2. Regulatory Framework
2.2.1. Canada
2.2.2. Mexico
2.2.3. United States
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
3.1. Distribution Channel
3.1.1. Off-Trade
3.1.1.1. Convenience Stores
3.1.1.2. Online Channel
3.1.1.3. Supermarkets and Hypermarkets
3.1.1.4. Others
3.1.2. On-Trade
3.2. Country
3.2.1. Canada
3.2.2. Mexico
3.2.3. United States
3.2.4. Rest of North America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. Albertsons Companies
4.4.2. American Food Company
4.4.3. Hodo Inc.
4.4.4. House Foods Group Inc.
4.4.5. Morinaga Milk Industry Co. Ltd
4.4.6. Pulmuone Corporate
4.4.7. Superior Natural LLC
4.4.8. The Hain Celestial Group, Inc.
5. KEY STRATEGIC QUESTIONS FOR MEAT SUBSTITUTES INDUSTRY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- TOFU PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
- Figure 2:
- VOLUME OF TOFU MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 3:
- VALUE OF TOFU MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 4:
- VOLUME OF TOFU MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 5:
- VALUE OF TOFU MARKET BY DISTRIBUTION CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 6:
- VOLUME SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 7:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 8:
- VOLUME OF TOFU MARKET SOLD VIA OFF-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VALUE OF TOFU MARKET SOLD VIA OFF-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 10:
- VOLUME OF TOFU MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 11:
- VALUE OF TOFU MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 12:
- VOLUME OF TOFU MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 13:
- VALUE OF TOFU MARKET SOLD VIA CONVENIENCE STORES, USD, NORTH AMERICA, 2017 - 2029
- Figure 14:
- VALUE SHARE OF TOFU MARKET SOLD VIA CONVENIENCE STORES SPLIT BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 15:
- VOLUME OF TOFU MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE OF TOFU MARKET SOLD VIA ONLINE CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF TOFU MARKET SOLD VIA ONLINE CHANNEL SPLIT BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 18:
- VOLUME OF TOFU MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE OF TOFU MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, NORTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF TOFU MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 21:
- VOLUME OF TOFU MARKET SOLD VIA OTHERS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE OF TOFU MARKET SOLD VIA OTHERS, USD, NORTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF TOFU MARKET SOLD VIA OTHERS SPLIT BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 24:
- VOLUME OF TOFU MARKET SOLD VIA ON-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE OF TOFU MARKET SOLD VIA ON-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VOLUME OF TOFU MARKET BY COUNTRY, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE OF TOFU MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 28:
- VOLUME SHARE OF TOFU MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 29:
- VALUE SHARE OF TOFU MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 30:
- VOLUME OF TOFU MARKET, METRIC TONS, CANADA, 2017 - 2029
- Figure 31:
- VALUE OF TOFU MARKET, USD, CANADA, 2017 - 2029
- Figure 32:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CANADA, 2022 VS 2029
- Figure 33:
- VOLUME OF TOFU MARKET, METRIC TONS, MEXICO, 2017 - 2029
- Figure 34:
- VALUE OF TOFU MARKET, USD, MEXICO, 2017 - 2029
- Figure 35:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MEXICO, 2022 VS 2029
- Figure 36:
- VOLUME OF TOFU MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 37:
- VALUE OF TOFU MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 38:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 39:
- VOLUME OF TOFU MARKET, METRIC TONS, REST OF NORTH AMERICA, 2017 - 2029
- Figure 40:
- VALUE OF TOFU MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF NORTH AMERICA, 2022 VS 2029
- Figure 42:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 43:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 44:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Tofu Industry Segmentation
Off-Trade, On-Trade are covered as segments by Distribution Channel. Canada, Mexico, United States are covered as segments by Country.
- The off-trade segment dominates the distribution channels of the North American tofu market. In the off-trade segment, the online channel sub-segment is the fastest-growing. It is projected to record a CAGR of 15.93% over the forecast period. The growth of e-commerce has allowed businesses to satisfy their customer needs more conveniently and reach a larger addressable market. The four main e-commerce channels for tofu are direct-to-consumer, click-and-collect, retail grocery delivery, and concierge services. House Foods America, a leading tofu manufacturer, produced 50% more tofu in its Californian facility by expanding its footprint to a 36,000-square-foot facility. Similarly, Pulmuone operates three tofu manufacturing plants in Fullerton, CA, in the Western United States.
- The on-trade segment is primarily composed of Asian restaurants and foodservice operators, as well as Asian markets. There are many dishes and preparations in Asian cuisine with tofu varieties. Asian cuisine is reportedly one of the fastest-growing food trends in the region. So far, in 2022, there were over 68,000 East Asian and Southeast Asian-themed restaurants in the United States. Moreover, a significant number of Asian immigrants reside in North America.
- The on-trade channel is the overall fastest-growing segment, which is projected to record a CAGR of 12.49% from 2023 to 2029. Restaurants and foodservice operators have adapted to include tofu in their offerings, as it is an ideal substitute for meat. Tofu is a good source of protein, providing a cruelty-free and more eco-friendly option to diet-conscious individuals. Tofu has become more popular among customers as an adequate substitute and impulse-buy option in recent years.
| Distribution Channel | ||||||
| ||||||
| On-Trade |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
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Market Definition
- Meat Substitutes - It is a food product made from vegetarian or vegan ingredients, eaten as a replacement for meat. Meat substitutes typically approximate qualities of specific types of meat, such as mouthfeel, flavor, appearance, or chemical characteristics.
- Tempeh - It is a high protein Asian food prepared by fermenting soybeans with a Rhizopus.
- Textured Vegetable Protein - Food items made from consumable protein sources like soybean, pea, wheat, hemp, etc., are known as textured vegetable proteins. Each unit will withstand hydration during cooking and other processes used in preparing the food for consumption because it has structural integrity and a distinguishable texture.
- Tofu - Tofu is a soft food product prepared by treating soybean milk with coagulants.
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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