United Kingdom Tofu Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Tofu Market Growth Forecast in the United Kingdom and is segmented by Distribution Channel (Supermarkets/Hypermarkets, Convenience/Grocery Stores, Online Retail Stores, and Other Distribution Channels).

United Kingdom Tofu Market Size

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United Kingdom Tofu Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 139.54 Million
Market Size (2029) USD 276.78 Million
CAGR (2024 - 2029) 14.68 %
Market Concentration Medium

Major Players

United Kingdom Tofu Market Major Players

*Disclaimer: Major Players sorted in no particular order

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United Kingdom Tofu Market Analysis

The United Kingdom Tofu Market size is estimated at USD 139.54 million in 2024, and is expected to reach USD 276.78 million by 2029, growing at a CAGR of 14.68% during the forecast period (2024-2029).

As a result of the pandemic, a shift was observed in food consumption patterns, and people preferred vegan foods and plant-based nutrition in their daily diet. Due to urbanization, capitalization, and fast lifestyles, people need quick and better nutrition, which is driving the tofu market. Also, people have become more mindful of their diet and health, which, in turn, resulted in an increasing number of manufacturers, like Tofu King, The Tofoo Co., and others, expanding their presence in the country to meet the propelling demand.

Altogether, the growing vegan population and an increasing number of lactose-intolerant people are the key factors driving the demand for tofu as a meat substitute across the United Kingdom. Furthermore, there has been a rising demand for plant protein nutrients among consumers. Thus, this growing awareness about the health benefits of such nutrients led to the increasing growth of vegan protein sources, like tofu.

Expansion and innovations are the key strategies preferred by major companies to strengthen their market dominance. Major players are constantly trying to expand their product portfolio to gain larger consumer base. For instance, in June 2022, Tofu Tasty debuted Craft Tofu Knots exclusively at Waitrose stores, following the increasing consumer interest in the dried tofu delicacy in the United Kingdom. Tofu knots are created from the top layer of dried soy milk that has been hand-twisted into various shapes, similar to pasta but with a staggering 45% protein content.

United Kingdom Tofu Market Trends

This section covers the major market trends shaping the UK Tofu Market according to our research experts:

Growing Preference of Vegan Diet

The pandemic made people more aware of the value of a vegan diet and lifestyle, which led to a shift in consumer preference for vegan food. Tofu and other soy foods are becoming more popular in the United Kingdom as a result of their association to lower rates of cardiovascular diseases without having an impact on thyroid hormone levels. Also, health conditions like lactose intolerance, diabetes, cholesterol, and many other conditions are the reason people have been avoiding regular meals and are shifting to plant-based foods like tofu. According to the British Diabetic Association, in 2021, over 4.9 million were recorded as having diabetes, with 90% of those with type 2. Additionally, government regulations in support of plant-based food are further escalating the growth of the tofu market. With modified technologies, companies are targeting consumers by producing innovative products with properties similar to real meat. These meat substitutes are made with a combination of soy (which also includes tofu), wheat, and pea protein to attain the desired structure. Moreover, tofu is the most common meat alternative, as more consumers around the market are turning to plant-based protein diets.

United Kingdom Tofu Market: Number of vegans, in percentage, by age group, 2021

Online Retail Emerging as the Fastest Growing Distribution Channel

The online retail market, although currently small, has grown rapidly over the last couple of years, with a very strong prospect over the next five years. The main reason behind the growing sales through online retailing is the level of convenience that it provides for consumers, as they find it easy to choose their preferred brands and get a wide range of flavors and product choices. The growth opportunity for the sales of tofu through online channels has forced online vendors to improve the purchase processes in terms of security and reliability, which, in turn, has propelled the demand for tofu products. Moreover, tofu vendors are adopting online retail strategies, such as entering partnerships with different online retailers, to broaden their geographic reach and increase their margins. These initiatives may benefit the market during the forecast period. Due to the high economies of scale associated with vegan food products, the country has registered an increasing number of online grocery stores dedicated to vegan food products. For instance, Vegan Store (the United Kingdom's online grocery store) offers more than 600 vegan options, including tofu, with convenient delivery options to consumers nationwide.

United Kingdom Tofu Market: Internet Food Sales Value Trend Annually, United Kingdom, 2018-2021

United Kingdom Tofu Industry Overview

The United Kingdom tofu market is currently dominated by The Tofoo Company, Monde Nissin Corp. (Marlow Foods Limited), Taifun-Tofu GmbH, and Clearspring Ltd. Strong brand loyalty for brands, like The Tofoo Company and Taifun, is the primary reason for the strong foothold enjoyed by these players in the market. The leading players are focusing on leveraging opportunities to expand their product portfolios to cater to the requirements of various product segments, especially the snacking category. Moreover, these global companies are merging with local tofu product companies to leverage their brand value and distribution and supply chains.

United Kingdom Tofu Market Leaders

  1. Monde Nissin Corp. (Marlow Foods Limited)

  2. Clearspring Ltd

  3. Taifun Tofu GmbH

  4. Associated British Foods (AB World Foods Limited)

  5. The Tofoo Co Ltd

*Disclaimer: Major Players sorted in no particular order

United Kingdom Tofu Market Concentration
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United Kingdom Tofu Market News

  • April 2022: Cauldron Foods, a division of Marlow Foods Ltd, expanded its famous range with the addition of two new tofu products, namely Quick & Tasty Smoky BBQ Block and Hoisin Tofu. The new SKUs are created from sustainable soy and come in 100% recyclable packaging.
  • December 2021: The Tofoo Co., a UK tofu brand, expanded its portfolio with a new line of frozen tofu products called Straight to Wok. Straight to Wok is prepared with tofu cubes coated in cornflour. The new line comes in two flavors, such as Naked and Ginger & Chilli.
  • February 2021: The Tofoo Co., a British company, launched the country's first frozen tofu product, Tofoo Chunkies, which is intended to make tofu more accessible.

United Kingdom Tofu Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    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

  5. 5. MARKET SEGMENTATION

    1. 5.1 Distribution Channel

      1. 5.1.1 Supermarkets/Hypermarkets

      2. 5.1.2 Convenience/Grocery Stores

      3. 5.1.3 Online Retail Stores

      4. 5.1.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Key Players

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 The Tofoo Co Ltd

      2. 6.3.2 Monde Nissin Corp. (Marlow Foods Limited)

      3. 6.3.3 Clearspring Ltd

      4. 6.3.4 Morinaga Milk Industry Co. Ltd

      5. 6.3.5 Kikkoman Corp.

      6. 6.3.6 Hikari Miso Co. Ltd

      7. 6.3.7 Taifun-Tofu GmbH

      8. 6.3.8 Wilson International Frozen Foods (H.K.) Limited (Tazaki Foods)

      9. 6.3.9 House Foods Group Inc.

      10. 6.3.10 Associated British Foods (AB World Foods Limited)

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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United Kingdom Tofu Industry Segmentation

Tofu is made of condensed soy milk, and it is widely known as a vegan alternative to dairy and meat products. It is available in the market in different textures that can be silken, soft, firm, or extra firm. The UK tofu market is segmented by distribution channels into supermarkets/hypermarkets, convenience/grocery stores, online retail stores, and other distribution channels. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Distribution Channel
Supermarkets/Hypermarkets
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channels
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United Kingdom Tofu Market Research FAQs

The United Kingdom Tofu Market size is expected to reach USD 139.54 million in 2024 and grow at a CAGR of 14.68% to reach USD 276.78 million by 2029.

In 2024, the United Kingdom Tofu Market size is expected to reach USD 139.54 million.

Monde Nissin Corp. (Marlow Foods Limited) , Clearspring Ltd, Taifun Tofu GmbH, Associated British Foods (AB World Foods Limited) and The Tofoo Co Ltd are the major companies operating in the United Kingdom Tofu Market.

In 2023, the United Kingdom Tofu Market size was estimated at USD 121.68 million. The report covers the United Kingdom Tofu Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Tofu Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

UK Tofu Industry Report

Statistics for the 2024 UK Tofu market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UK Tofu analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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United Kingdom Tofu Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)