Tofu Market Size to Grow by $ 140.37 Million through 2020-2024 | Forecast and Trend Analysis
Technavio has been monitoring the tofu market and it is expected to grow by $ 140.37 million accelerating at a CAGR of over 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
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Tofu Market: Emerging Trends to Impact Market Growth
Tofu Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arla Foods amba, Bel Group, Danone SA, Dean Foods Co., House Foods Group Inc., Kikkoman Corp., The Hain Celestial Group Inc., The Tofurky Co. Inc., Valsoia Spa, and Vitasoy International Holdings Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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