Global Tempeh Market 2019-2023
About this market
Rising urbanization and demand for convenience products to drive growth in the market. The working population seeks high protein and nutrition-based fast foods made from organic and gluten-free ingredients that are convenient and can be consumed on-the-go or as per convenience. Tempeh, being gluten free and rich in protein, makes an ideal choice for this. Technavio’s analysts have predicted that the tempeh market will register a CAGR of over 4% by 2023.
Growing awareness about health benefits of tempeh
The rapidly rising demand for functional foods among health-conscious consumers in the world has been instrumental in driving the growth of the tempeh market.
Side effects of excessive tempeh consumption
Tempeh can be harmful if consumed in excess. It can cause cramps, seizures, sleepiness and headaches, and nausea or vomiting.
For the detailed list of factors that will drive and challenge the growth of the tempeh market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Nutrisoy and Tofurk the competitive environment is quite intense. Factors such as the rising urbanization and growing awareness about health benefits of tempeh, will provide considerable growth opportunities to tempeh manufactures. FZ Organic Food, Hain Celestial, Maple Leaf Foods, Nutrisoy, and Tofurk are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Tempeh Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising urbanization and demand for convenience products.”
According to the report, one of the major drivers for this market is the growing awareness about health benefits of tempeh.
Further, the report states that one of the major factors hindering the growth of this market is the side effects of excessive tempeh consumption.
FZ Organic Food
Maple Leaf Foods
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook