Tempeh Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Tempeh Market is segmented by Type (Organic and Regular), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Online Channel, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecasts for Tempeh Market in value (USD million) for all the above segments.

Market Snapshot

Tempeh Market Size
Study Period: 2016 -2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 15 %

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Market Overview

The global tempeh market is likely to register a CAGR of 15.0% during the forecast period (2022-2027).

The plant-based meat industry has made significant gains in recent months, with many new customers trying its products for the first time. One aspect of this was the fact that the availability of fresh meat was severely impacted by disruptions to regional and global supply chains. This was particularly problematic for meat compared to dry goods, which can be stockpiled comparatively easily. Furthermore, employees of meat-processing plants usually work in very close quarters. As a result, some facilities became the first COVID-19 hotspots, while many have had to be retrofitted entirely to be safe enough for people to return to work, further limiting the availability of meat products. Another factor was related to health and wellbeing. With people leading more sedentary lifestyles as a result of lockdowns, many have turned to what are perceived to be healthier eating alternatives. For instance, Dairy and plant-based Tempeh and Tofu company Nutrisoy Pty Ltd. saw a 350% rise in online sales in 2020, as consumers working from home during the coronavirus disease pandemic embraced e-commerce and healthier diets.

The market is mainly driven by the rising demand for meat substitute products as it is one of the most commonly consumed meat substitutes and increasing gluten intolerance among the consumers. Also, its high nutrition value attracts consumers to the tempeh market.

However, the major challenge in this sector is the presence of a large number of competing products in the market, such as tofu, textured vegetable protein (TVP), seitan, and Quorn.

Scope of the Report

Tempeh is a meat alternative that is high in protein with a meat-like texture. It is made by fermenting soybeans with a live culture. The global tempeh market has been segmented by type, which includes organic and regular; by distribution channel, which includes hypermarket/supermarket, convenience stores, online channels, and others. By geography, the regions covered include North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers market size and forecasts for Tempeh Market in value (USD million) for all the above segments.

By Type
By Distribution Channel
Convenience Stores
Online Channel
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle-East and Africa
South Africa
United Arab Emirates
Rest of Middle-East and Africa

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Key Market Trends

Rising Demand for Plant-based Food

Consumer preference for healthier foods has led to the demand for vegetarian and vegan foods such as soyfoods, such as tempeh. The soy segment is estimated to grow significantly in recent years owing to the growing awareness among consumers regarding its health benefits such as reduction of obesity and blood sugar levels and its wide application in various food products such as baked goods and snacks. Also, innovations in this sector have further fueled market growth. For instance, ADM expanded its non-GMO soybean processing capabilities in Germany to meet the growing demand for non-GMO and high-protein soybean meals across Europe in 2017. The company also acquired Harvest Innovations (US), an industry leader in minimally processed, expeller-pressed soy proteins, oils, and gluten-free ingredients, to increase its product portfolio. According to the United Soybean Board, the shares of consumers that consume soyfoods in the United States from 2016 to 2021 have been showing a constantly increasing trend.

Tempeh Market Share

Asia-Pacific to Witness Fastest Growth

The Asia-Pacific region has witnessed to have continuous growth in the tempeh market due to its lower cost in comparison with other meat substitutes. Furthermore, it offers various benefits such as increasing antibody production, reduced risk of diabetes, and lower cholesterol levels in the body, which has led to a surge in demand for tempeh. The domestic consumption of tempeh is high in Indonesia, and the country heavily imports soybean from the US. According to the United States Department of Agriculture (USDA), more than 60% of soybean is imported from the US. Also, the American Soybean Association-International Marketing’s establishment of the Forum Tempeh Indonesia to offer financial and infrastructural support to local tempeh producers in Indonesia contributes to the potential of the tempeh market in Indonesia.

Tempeh Market Forecast

Competitive Landscape

The global tempeh market is highly competitive in nature, having a large number of domestic and multinational players competing for market share and with innovation in products being a major strategic approach adopted by leading players. Additionally, mergers, expansions, acquisitions, and partnerships with other companies are common strategies to enhance the company's presence and boost the market. The key players in the tempeh market include Nutrisoy Pty Ltd., The Future Food Team, Mighty Bean Tempeh, Byron Bay Tempeh, and Henry's Tempeh Inc.

Recent Development

  • In August 2021, United Kingdom tempeh brand Plant power marked its first online presence in the United Arab Emirates through online grocery retailer Kibsons. Specializing in Indonesian tempeh products, the firm will sell its full range of tempeh products, including smoked tempeh, oriental, BBQ, original, and curry.
  • In June 2021, British Tempeh Startup Better Nature announced the launch of its very first new Soy Tempeh range that has been certified carbon negative and plastic negative.
  • In February 2021, the Dutch food production system Tempeh Today was launched in India. This Dutch innovation makes a future-proof contribution to reducing the protein deficit amongst the Indian population. Tempeh Today’s aim is to implement at least 100 SFUs over the next five years in this rapidly growing region.

Table of Contents


    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Organic

      2. 5.1.2 Regular

    2. 5.2 By Distribution Channel

      1. 5.2.1 Hypermarket/Supermarket

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Online Channel

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Spain

        2. United Kingdom

        3. Germany

        4. France

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. South Africa

        2. United Arab Emirates

        3. Rest of Middle-East and Africa


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Nutrisoy Pty Ltd.

      2. 6.4.2 The Future Food Team

      3. 6.4.3 Lalibela Farm

      4. 6.4.4 The Cultered Bean Company

      5. 6.4.5 Lightlife Foods, Inc.

      6. 6.4.6 Alive & Healing Inc.

      7. 6.4.7 Noble Beans

      8. 6.4.8 Mighty Bean Tempeh

      9. 6.4.9 Byron Bay Tempeh

      10. 6.4.10 Rhapsody Natural Foods

    5. *List Not Exhaustive


**Subject to Availability

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Frequently Asked Questions

The Tempeh Market market is studied from 2016 - 2027.

The Tempeh Market is growing at a CAGR of 15% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Nutrisoy Pty Ltd., The Future Food Team, Mighty Bean Tempeh, Byron Bay Tempeh, Henry's Tempeh Inc. are the major companies operating in Tempeh Market.

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