Market Size of united states tofu Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 421.29 Million |
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Market Size (2029) | USD 749.15 Million |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 12.20 % |
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Fastest Growing by Distribution Channel | On-Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Tofu Market Analysis
The United States Tofu Market size is estimated at 421.29 million USD in 2024, and is expected to reach 749.15 million USD by 2029, growing at a CAGR of 12.20% during the forecast period (2024-2029).
421.29 Million
Market Size in 2024 (USD)
749.15 Million
Market Size in 2029 (USD)
7.60 %
CAGR (2017-2023)
12.20 %
CAGR (2024-2029)
Largest Segment by Distribution Channel
71.28 %
value share, Off-Trade, 2023
Online channel is likely to drive the growth of tofu sales through off-trade channels. The onset of the experiential economy has prompted customers to prefer this channel.
Fastest-growing Segment by Distribution Channel
13.05 %
Projected CAGR, On-Trade, 2024-2029
On-trade distribution channel purchases of tofu are aligned with the country's growing foodservice sector, including vegan restaurants, impacting its bulk purchases.
Leading Market Player
14.46 %
market share, House Foods Group Inc., 2022
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.
Second Leading Market Player
6.49 %
market share, Pulmuone Corporate, 2022
Pulmuone Foods offers various branded tofu products with a distribution network from both foodservice and retail, making it one of the largest players in the market.
Third Leading Market Player
2.16 %
market share, The Hain Celestial Group, Inc., Inc.
The products offered by the company have various national and international certifications, making it unique in the country and helping it maintain its market share.
Increasing demand for new variants in the tofu market through the expanded e-commerce channels drives the market
- The US tofu market is dominated by the off-trade segment in terms of distribution channels, with 43% more share by value than the on-trade distribution channel. Among all the off-trade segments of the US tofu market, supermarkets and hypermarkets had the highest market share, with 69% by value, in 2022. The US had a large number of functioning grocery stores at 63,328 at the end of 2022. Furthermore, innovations like self-checkout kiosks and walk-out technology drive supermarkets.
- The overall US tofu market grew at a rate of 41.9% by value and 40.80% by volume from 2017 to 2022. This increase was mainly due to the rise in the number of supermarkets, hotels, food enterprises, grocery stores, and other distribution channels. The number of supermarkets increased by 4.3% from 2021 to 2022, and online channels rose by 20% from 2020 to 2021. The growth of customer touchpoints led to an increase in tofu sales. Tofu production has been increasing in the country. House Foods America is a leading tofu manufacturer, producing 50% more tofu in its California facility by expanding its footprint by a 36,000 sq. ft facility. Similarly, Pulmuone is currently operating three tofu manufacturing plants in Fullerton, CA, in the Western US.
- The online channel in the off-trade distribution channel is projected to be the fastest-growing distribution channel in the US tofu market, registering a CAGR of 16.15% during the forecast period of 2023-2029. With the rise in technological adoption by consumers, manufacturers also increased their digital presence through e-commerce. Walmart was the most popular grocery store chain nationwide, with 25.2% of the market share as of 2022. Costco and Kroger are the second and third-most popular grocers, with 7.1% and 5.6% of the market share, respectively.
Understand The Key Trends Shaping This Market
