The global Tempeh Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Organic, Regular), By Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Retail Stores, Others)
Tempeh, a traditional Indonesian fermented soybean product, has surged in popularity globally as a plant-based protein alternative. In 2024, its market is witnessing exponential growth, driven by increasing consumer awareness of its health benefits, sustainability credentials, and versatility in various cuisines. Tempeh's rich nutritional profile, including high protein, fiber, and probiotics content, appeals to health-conscious consumers seeking meat substitutes. Moreover, as environmental concerns mount, tempeh's low carbon footprint and minimal water usage contribute to its appeal. With innovative product variations, such as tempeh bacon and tempeh burgers, entering the market, the demand for tempeh is expected to continue its upward trajectory.
The market report analyses the leading companies in the industry including Byron Bay Tempeh, Future Food Group (FFG B.V.), Maple Leaf Foods Inc, Noble Bean Inc, Nutrisoy Pty Ltd, Plant Power, Rhapsody Natural Foods, Tempeh Meades Ltd, Tootie's Tempeh, Vegolution India Private Ltd, and Others.
One prominent market trend in the tempeh industry is the rising interest in plant-based proteins and meat alternatives. As consumers become more health-conscious and environmentally aware, there is a growing demand for sustainable protein sources that offer nutritional benefits and mimic the taste and texture of animal-based proteins. Tempeh, a fermented soybean product, has gained popularity as a versatile and nutrient-rich meat substitute, rich in protein, fiber, and essential nutrients. This trend is driven by factors such as increasing adoption of vegetarian and flexitarian diets, concerns about the environmental impact of meat production, and the desire for healthier and more sustainable food options, positioning tempeh as a viable alternative to conventional meat products.
A key market driver for tempeh is the expansion of vegan and plant-based food markets. As the demand for vegan and plant-based foods continues to grow, driven by ethical, health, and environmental considerations, there is an increasing need for diverse and innovative plant-based protein options like tempeh. This driver is reinforced by factors such as the rise of veganism, plant-based nutrition trends, and the mainstreaming of meat-free diets, which have created a favorable market environment for plant-based protein products. Tempeh's unique texture, flavor, and nutritional profile make it a sought-after ingredient in vegan and vegetarian dishes, driving its adoption in the rapidly expanding market for plant-based foods and meat alternatives.
The growing demand for tempeh presents a significant opportunity for product innovation and market expansion. Manufacturers and food entrepreneurs can capitalize on this trend by developing new and innovative tempeh-based products that cater to evolving consumer preferences and dietary needs. This opportunity includes exploring new flavor profiles, textures, and culinary applications for tempeh, such as flavored tempeh varieties, tempeh-based burgers, sausages, and ready-to-eat meals. Additionally, there is potential for market expansion beyond niche health food stores to mainstream grocery retailers, foodservice outlets, and international markets, where tempeh products can reach a broader audience of health-conscious consumers seeking plant-based protein options. By leveraging tempeh's versatility and nutritional benefits, stakeholders in the tempeh market can seize opportunities for growth, differentiation, and market penetration in the evolving landscape of the plant-based food industry.
Within the tempeh market, the regular tempeh segment stands as the largest, driven by several pivotal factors. Regular tempeh, produced using conventional methods without the stringent requirements of organic certification, is more widely available and accessible to consumers. Additionally, regular tempeh often benefits from lower production costs, resulting in more competitive pricing compared to organic alternatives. Further, regular tempeh satisfies the demand of a broader consumer base, including those who prioritize affordability and availability over organic certification. As a versatile and nutritious plant-based protein source gaining popularity in various cuisines, regular tempeh remains the preferred choice for consumers seeking sustainable and flavorful meat alternatives. Overall, these factors contribute to the dominance of the regular tempeh segment in the market.
Among the distribution channels in the tempeh market, online retail stores emerge as the fastest-growing segment, driven by several key factors. The rise of e-commerce platforms has revolutionized the way consumers shop for groceries, including plant-based protein sources like tempeh. Online retail stores offer a convenient and accessible shopping experience, allowing consumers to browse a wide selection of tempeh products, compare prices, and make purchases from the comfort of their homes. Further, the COVID-19 pandemic has accelerated the shift towards online shopping, as consumers prioritize safety and convenience. Additionally, online retail stores often feature a diverse range of tempeh varieties, including specialty flavors and organic options, catering to the preferences of health-conscious and environmentally-conscious consumers. As consumers increasingly embrace online shopping for their dietary needs, the online retail segment experiences rapid expansion, reshaping the distribution landscape of the tempeh market.
By Type
Organic
Regular
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Byron Bay Tempeh
Future Food Group (FFG B.V.)
Maple Leaf Foods Inc
Noble Bean Inc
Nutrisoy Pty Ltd
Plant Power
Rhapsody Natural Foods
Tempeh Meades Ltd
Tootie's Tempeh
Vegolution India Private Ltd
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Tempeh Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Tempeh Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Tempeh Market Share by Company, 2023
4.1.2. Product Offerings of Leading Tempeh Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Tempeh Market Drivers
6.2. Tempeh Market Challenges
6.6. Tempeh Market Opportunities
6.4. Tempeh Market Trends
Chapter 7. Global Tempeh Market Outlook Trends
7.1. Global Tempeh Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Tempeh Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Tempeh Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Type
Organic
Regular
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Others
Chapter 8. Global Tempeh Regional Analysis and Outlook
8.1. Global Tempeh Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Tempeh Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Tempeh Regional Analysis and Outlook
8.2.2. Canada Tempeh Regional Analysis and Outlook
8.2.3. Mexico Tempeh Regional Analysis and Outlook
8.3. Europe Tempeh Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Tempeh Regional Analysis and Outlook
8.3.2. France Tempeh Regional Analysis and Outlook
8.3.3. United Kingdom Tempeh Regional Analysis and Outlook
8.3.4. Spain Tempeh Regional Analysis and Outlook
8.3.5. Italy Tempeh Regional Analysis and Outlook
8.3.6. Russia Tempeh Regional Analysis and Outlook
8.3.7. Rest of Europe Tempeh Regional Analysis and Outlook
8.4. Asia Pacific Tempeh Revenue (USD Million) by Country (2021-2032)
8.4.1. China Tempeh Regional Analysis and Outlook
8.4.2. Japan Tempeh Regional Analysis and Outlook
8.4.3. India Tempeh Regional Analysis and Outlook
8.4.4. South Korea Tempeh Regional Analysis and Outlook
8.4.5. Australia Tempeh Regional Analysis and Outlook
8.4.6. South East Asia Tempeh Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Tempeh Regional Analysis and Outlook
8.5. South America Tempeh Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Tempeh Regional Analysis and Outlook
8.5.2. Argentina Tempeh Regional Analysis and Outlook
8.5.3. Rest of South America Tempeh Regional Analysis and Outlook
8.6. Middle East and Africa Tempeh Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Tempeh Regional Analysis and Outlook
8.6.2. Africa Tempeh Regional Analysis and Outlook
Chapter 9. North America Tempeh Analysis and Outlook
9.1. North America Tempeh Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Tempeh Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Tempeh Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Tempeh Revenue (USD Million) by Product (2021-2032)
By Type
Organic
Regular
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Others
Chapter 10. Europe Tempeh Analysis and Outlook
10.1. Europe Tempeh Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Tempeh Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Tempeh Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Tempeh Revenue (USD Million) by Product (2021-2032)
By Type
Organic
Regular
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Others
Chapter 11. Asia Pacific Tempeh Analysis and Outlook
11.1. Asia Pacific Tempeh Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Tempeh Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Tempeh Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Tempeh Revenue (USD Million) by Product (2021-2032)
By Type
Organic
Regular
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Others
Chapter 12. South America Tempeh Analysis and Outlook
12.1. South America Tempeh Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Tempeh Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Tempeh Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Tempeh Revenue (USD Million) by Product (2021-2032)
By Type
Organic
Regular
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Others
Chapter 13. Middle East and Africa Tempeh Analysis and Outlook
13.1. Middle East and Africa Tempeh Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Tempeh Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Tempeh Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Tempeh Revenue (USD Million) by Product (2021-2032)
By Type
Organic
Regular
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Others
Chapter 14. Tempeh Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
Byron Bay Tempeh
Future Food Group (FFG B.V.)
Maple Leaf Foods Inc
Noble Bean Inc
Nutrisoy Pty Ltd
Plant Power
Rhapsody Natural Foods
Tempeh Meades Ltd
Tootie's Tempeh
Vegolution India Private Ltd
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Tempeh Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Tempeh Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Tempeh Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Tempeh Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Tempeh Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Tempeh Market Share (%) By Regions (2021-2032)
Table 12 North America Tempeh Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Tempeh Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Tempeh Revenue (USD Million) By Country (2021-2032)
Table 15 South America Tempeh Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Tempeh Revenue (USD Million) By Region (2021-2032)
Table 17 North America Tempeh Revenue (USD Million) By Type (2021-2032)
Table 18 North America Tempeh Revenue (USD Million) By Application (2021-2032)
Table 19 North America Tempeh Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Tempeh Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Tempeh Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Tempeh Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Tempeh Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Tempeh Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Tempeh Revenue (USD Million) By Product (2021-2032)
Table 26 South America Tempeh Revenue (USD Million) By Type (2021-2032)
Table 27 South America Tempeh Revenue (USD Million) By Application (2021-2032)
Table 28 South America Tempeh Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Tempeh Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Tempeh Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Tempeh Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Tempeh Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Tempeh Market Share (%) By Regions (2023)
Figure 6. North America Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 12. France Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 12. China Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 14. India Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Tempeh Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Tempeh Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Tempeh Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Tempeh Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Tempeh Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Tempeh Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Tempeh Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Tempeh Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Tempeh Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Tempeh Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Tempeh Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Tempeh Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Tempeh Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Tempeh Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Tempeh Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Tempeh Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Tempeh Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Tempeh Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Tempeh Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Tempeh Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Tempeh Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Tempeh Revenue (USD Million) By Product (2021-2032)
By Type
Organic
Regular
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Tempeh Market Size is valued at $4.9 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.4% to reach $6.9 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Byron Bay Tempeh, Future Food Group (FFG B.V.), Maple Leaf Foods Inc, Noble Bean Inc, Nutrisoy Pty Ltd, Plant Power, Rhapsody Natural Foods, Tempeh Meades Ltd, Tootie's Tempeh, Vegolution India Private Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume