A recent market research report by Persistence Market Research examines the global market for tempeh in the forecast period 2018-2026, according to which the tempeh market will continue to expand at a robust annual growth rate of around 6.1%. The report contains a wealth of detailed information on the current market situation and expected future trends in individual segments.
Tempeh is particularly popular as a nutrient-rich meat alternative, and is experiencing increasing demand as a result of current plant-based movements. Another key factor driving the market is growing consumer awareness and sensitivity to animal cruelty and welfare.
The study includes a thorough analysis of the key market dynamics in this area, and according to the report, demand for tempeh is being strongly driven by the rise in veganism worldwide. Manufacturers are also increasingly using tempeh as an alternative source of protein and as a substitute for products like tofu. Due to high demand, major market players are making significant investments in accelerating production and expanding facilities to support growing demand.
The relevant research summarised in the report provides a detailed summary of each market segment. In addition, the report also provides comprehensive information on the geographic scope of the tempeh market, which it divides into Europe, North America, Latin America, Asia Pacific, the Middle East and Africa.
Further information on the study can be found here.