Global Tempeh Market Report 2023: Market Size, Top Segments And Key Trends

The Tempeh Global Market Report 2023, provides comprehensive information on the tempeh market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/tempeh-global-market-report

As per The Business Research Company’s Tempeh Global Market Report 2023, the market size is expected to grow from $4.93 billion in 2022 to $5.3 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The tempeh market size is expected to grow to $7.3 billion in 2027 at a CAGR of 8.3%.

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Collaborations and partnerships has emerged as a key trend in the tempeh market. Major companies operating in the tempeh sector are focused on collaborations and partnerships to enhance their market share and meet the customer demand. For instance, In September 2020, One Planet Pizza, an India based vegan food company and Better Nature, a US food tech company collaborated to launch their first frozen tempeh pizza. The collaboration enabled Better Nature to develop innovative tempeh products. Furthermore, In November 2020, Greenleaf Foods, a US based food company strengthens its partnership with Walmart, a US based retail company to expand its Lightlife tempeh products to more than 3500 Walmart locations globally.

The tempeh market is segmented:

1) By Product Type: Frozen, Fresh and Ready-to-eat

2) By Nature: Organic and Conventional

3) By Flavor: Plain, Herbs & Spice

4) By Source: Soybean, Multigrain, Other Sources

5) By Distribution Channel: Hypermarket, Specialty Retail, Convenience Stores, Traditional Groceries and Online Retailers

North America was the largest region in the tempeh market in 2022.

The table of contents in TBRC’s tempeh market report includes:

1. Executive Summary
2. Tempeh Market Characteristics
3. Tempeh Market Trends And Strategies
4. Tempeh Market – Macro Economic Scenario
5. Tempeh Market Size And Growth
6. Tempeh Market Segmentation
7. Tempeh Market Regional And Country Analysis

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27. Tempeh Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tempeh Market
29. Tempeh Market Future Outlook and Potential Analysis

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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