Tempeh Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Coverage: Tempeh Market covers analysis By Source (Soy, Multigrain, and Others), Category (Organic and Conventional), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others), and Geography

  • Report Code : TIPRE00007658
  • Category : Food and Beverages
  • No. of Pages : 150
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Tempeh Market Strategies and Share 2031

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The tempeh market is expected to register a CAGR of 9% during 2023–2031. Rising consumer interest in cross-cultural and plant-based cuisines is likely to remain a key market trend.  

Tempeh Market Analysis:

  • One of the major contributors to the growth of the tempeh market is the increasing number of consumers preferring a plant-based diet. Consumers looking to substitute animal protein in their diet with vegan or vegetarian food which has significantly impacted the demand for tempeh. It is regarded as a nutritional meal option and a clean source of protein for people with plant-based dietary concerns.
  • There is an increasing consciousness of animal cruelty in the production of meat. This has greatly influenced consumers' opinions, making them opt for plant-based products such as tempeh as an alternative to meat. People are witnessing the ill-treatment given to the animals in slaughterhouses. The growth is gradually gaining momentum as people increasingly begin to have an aversion to the inhumane acts towards animals and the saddening experience that goes with it.
  • The culinary versatility and features of tempeh allow it to blend into different culinary delicacies and cultures. It is also favorable, and mostly accepted because of its adaptability to absorb different flavors.

Tempeh Market Overview

  • Changing consumer preferences for plant-based diets and the rise in veganism are the driving forces behind surging demand for plant-based substitutes, including tempeh.
  • An increasing number of people looking for clean-label and vegan-friendly products is potentially boosting the tempeh market.
  • Rising demand for low-calorie, clean, and plant-based snacks with increasing consumer interest in cross-cultural cuisines are among the key factors driving the tempeh market growth.

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Tempeh Market: Strategic Insights

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Tempeh Market Drivers and Opportunities

Rising Demand for Plant-Based Products Made from Soy

  • Soybeans can be used to make plant-based products that are versatile, have good culinary qualities, and are healthy, convenient, and cheap. For those on a vegan or vegetarian (flexitarian) diet, soy-based products such as tempeh, tofu, soy milk, and soy-based meat alternatives are good for their health, and they provide a considerable amount of protein.
  • In the past few years, more people are recognising the environmental and health benefits of consuming less meat and turning to alternative protein sources. Notably, soy has become a mainstream source of protein because it is a complete protein.
  • Tempeh is made by fermenting soybeans and is a rich source of protein. This factor is significantly driving the market growth.

Opportunities

Surging Popularity of Certified Organic, Clean-Label, Vegan-Friendly and Ethical Products

  • Consumers are becoming more inclined towards plant-based meat substitutes because of growing concerns over the environmental implications of meat production and the ethical issues associated with the meat-production industry. Tempeh is a purely plant-based high-protein meat substitute with a comparable meat-like texture and taste. It is in a perfect position to take advantage of increasing consumer interest in plant-based food.
  • The high demand for organic food worldwide, including tempeh, is considered a great opportunity for both developing and developed countries to encourage organic farming and develop certified organic products. The increasing demand of consumers for organic and natural foods is likely to boost the tempeh market.
  • Additionally, the tempeh market will also be boosted by the increasing trend towards vegetarian & vegan diets. Inculcation of this kind of diet will increase and will result in growing demand for protein substitutes. Tempeh being a strongly nutritive and protein-rich plant-based food will experience massive demand in the coming years.

Tempeh Market Segmentation

The scope of the global tempeh market has been segmented on the based-on source, category, and distribution channel.

  • Based on source, the tempeh market is divided into soy, multigrain, and others.
  • based on category, the market is divided into organic and conventional.
  • Based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others

Tempeh Market Share Analysis by Geography

  • Tempeh Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
  • Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering tempeh market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
  • Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the tempeh market in these regions.

Tempeh Market Report Scope

Tempeh Market News and Recent Developments:

The tempeh market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

  • Greenleaf Foods, SPC owner of leading plant-based brands Lightlife and Field Roast, and a wholly-owned subsidiary of Maple Leaf Foods Inc., announced today that Lightlife Tempeh, the #1 tempeh brand in the United States and Canada, will now be available in a new format – Tempeh Protein Crumbles. As consumer demand for healthy, clean protein solutions grows, the plant-based protein leader recognizes the need for more convenient and delicious options. Lightlife Tempeh Protein Crumbles will be available in two flavors: Original and Smoked Chipotle. The Original variety is lightly seasoned with a blend of salt, pepper, and garlic. The Smoked Chipotle variety is seasoned with a bold blend of roasted peppers, for a heat level that's just right. Containing 16 grams of protein and 6 grams of fiber per serving, Lightlife Tempeh Protein Crumbles are an ideal way to power up meals such as salads, stir-fries, tacos, grain bowls, pasta, and so much more. (Source – Maple Leaf Foods Inc, Newsletters, Sept 2023)
  • US halva and tempeh company, Seed + Mill, has announced the launch of a new organic spicy tempeh product available in a squeeze bottle format. Seed + Mill's organic spicy tempeh features hulled and roasted sesame seeds, red hot chili, sweet paprika, and paprika extract. The offering is non-GMO, gluten-free and vegan and kosher-friendly. The spicy tempeh offers a versatile option to replace consumers' preferred hot sauce. They can drizzle it over a variety of dishes such as eggs, tacos, burgers, dips, and grain bowls. In addition, the company's classic organic tempeh is also available in a squeeze bottle format. (Source – Seed + Mill, Newsletter, August 2023)

Tempeh Market Report Coverage and Deliverables

The “Tempeh Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:

  • Tempeh market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
  • Tempeh market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Tempeh market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the tempeh market.
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the tempeh market?

The global tempeh market is estimated to grow above 9% during the forecast period 2024-2031.

What are the driving factors impacting the tempeh market?

Rising demand for plant-based products made from soy is driving the tempeh market growth.

What are the future trends of the tempeh market?

Rising consumer interest in cross-cultural, plant-based, and vegan-friendly cuisines is likely to remain the key trend in the market.

Which are the leading players operating in the tempeh market?

Henry's Tempeh Inc., Lightlife Foods, Inc., Lalibela Farm, Oliver's Markets, Mighty Bean Tempeh, Tofurky, Noble Bean, Nutrisoy Pty Ltd, Schouten, and TEMPEA NATURAL FOODS are among the leading players operating in the tempeh market.

What are the deliverable formats of the tempeh market?

The report can be delivered in PDF/Word format, we can also share an Excel data sheet based on request.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Tempeh Market - By Category
1.3.2 Tempeh Market - By Product
1.3.3 Tempeh Market - By Distribution Channel
1.3.4 Tempeh Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. TEMPEH MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. TEMPEH MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. TEMPEH MARKET - GLOBAL MARKET ANALYSIS
6.1. TEMPEH - GLOBAL MARKET OVERVIEW
6.2. TEMPEH - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. TEMPEH MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. TEMPEH MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. FRESH
8.3.1. Overview
8.3.2. Fresh Market Forecast and Analysis
8.4. FROZEN
8.4.1. Overview
8.4.2. Frozen Market Forecast and Analysis
8.5. READY-TO-EAT
8.5.1. Overview
8.5.2. Ready-to-Eat Market Forecast and Analysis
9. TEMPEH MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. SUPERMARKETS AND HYPERMARKETS
9.3.1. Overview
9.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
9.4. CONVENIENCE STORES
9.4.1. Overview
9.4.2. Convenience Stores Market Forecast and Analysis
9.5. ONLINE RETAILS
9.5.1. Overview
9.5.2. Online Retails Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. TEMPEH MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Tempeh Market Overview
10.1.2 North America Tempeh Market Forecasts and Analysis
10.1.3 North America Tempeh Market Forecasts and Analysis - By Category
10.1.4 North America Tempeh Market Forecasts and Analysis - By Product
10.1.5 North America Tempeh Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Tempeh Market Forecasts and Analysis - By Countries
10.1.6.1 United States Tempeh Market
10.1.6.1.1 United States Tempeh Market by Category
10.1.6.1.2 United States Tempeh Market by Product
10.1.6.1.3 United States Tempeh Market by Distribution Channel
10.1.6.2 Canada Tempeh Market
10.1.6.2.1 Canada Tempeh Market by Category
10.1.6.2.2 Canada Tempeh Market by Product
10.1.6.2.3 Canada Tempeh Market by Distribution Channel
10.1.6.3 Mexico Tempeh Market
10.1.6.3.1 Mexico Tempeh Market by Category
10.1.6.3.2 Mexico Tempeh Market by Product
10.1.6.3.3 Mexico Tempeh Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Tempeh Market Overview
10.2.2 Europe Tempeh Market Forecasts and Analysis
10.2.3 Europe Tempeh Market Forecasts and Analysis - By Category
10.2.4 Europe Tempeh Market Forecasts and Analysis - By Product
10.2.5 Europe Tempeh Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Tempeh Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Tempeh Market
10.2.6.1.1 Germany Tempeh Market by Category
10.2.6.1.2 Germany Tempeh Market by Product
10.2.6.1.3 Germany Tempeh Market by Distribution Channel
10.2.6.2 France Tempeh Market
10.2.6.2.1 France Tempeh Market by Category
10.2.6.2.2 France Tempeh Market by Product
10.2.6.2.3 France Tempeh Market by Distribution Channel
10.2.6.3 Italy Tempeh Market
10.2.6.3.1 Italy Tempeh Market by Category
10.2.6.3.2 Italy Tempeh Market by Product
10.2.6.3.3 Italy Tempeh Market by Distribution Channel
10.2.6.4 United Kingdom Tempeh Market
10.2.6.4.1 United Kingdom Tempeh Market by Category
10.2.6.4.2 United Kingdom Tempeh Market by Product
10.2.6.4.3 United Kingdom Tempeh Market by Distribution Channel
10.2.6.5 Russia Tempeh Market
10.2.6.5.1 Russia Tempeh Market by Category
10.2.6.5.2 Russia Tempeh Market by Product
10.2.6.5.3 Russia Tempeh Market by Distribution Channel
10.2.6.6 Rest of Europe Tempeh Market
10.2.6.6.1 Rest of Europe Tempeh Market by Category
10.2.6.6.2 Rest of Europe Tempeh Market by Product
10.2.6.6.3 Rest of Europe Tempeh Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Tempeh Market Overview
10.3.2 Asia-Pacific Tempeh Market Forecasts and Analysis
10.3.3 Asia-Pacific Tempeh Market Forecasts and Analysis - By Category
10.3.4 Asia-Pacific Tempeh Market Forecasts and Analysis - By Product
10.3.5 Asia-Pacific Tempeh Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Tempeh Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Tempeh Market
10.3.6.1.1 Australia Tempeh Market by Category
10.3.6.1.2 Australia Tempeh Market by Product
10.3.6.1.3 Australia Tempeh Market by Distribution Channel
10.3.6.2 China Tempeh Market
10.3.6.2.1 China Tempeh Market by Category
10.3.6.2.2 China Tempeh Market by Product
10.3.6.2.3 China Tempeh Market by Distribution Channel
10.3.6.3 India Tempeh Market
10.3.6.3.1 India Tempeh Market by Category
10.3.6.3.2 India Tempeh Market by Product
10.3.6.3.3 India Tempeh Market by Distribution Channel
10.3.6.4 Japan Tempeh Market
10.3.6.4.1 Japan Tempeh Market by Category
10.3.6.4.2 Japan Tempeh Market by Product
10.3.6.4.3 Japan Tempeh Market by Distribution Channel
10.3.6.5 South Korea Tempeh Market
10.3.6.5.1 South Korea Tempeh Market by Category
10.3.6.5.2 South Korea Tempeh Market by Product
10.3.6.5.3 South Korea Tempeh Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Tempeh Market
10.3.6.6.1 Rest of Asia-Pacific Tempeh Market by Category
10.3.6.6.2 Rest of Asia-Pacific Tempeh Market by Product
10.3.6.6.3 Rest of Asia-Pacific Tempeh Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Tempeh Market Overview
10.4.2 Middle East and Africa Tempeh Market Forecasts and Analysis
10.4.3 Middle East and Africa Tempeh Market Forecasts and Analysis - By Category
10.4.4 Middle East and Africa Tempeh Market Forecasts and Analysis - By Product
10.4.5 Middle East and Africa Tempeh Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Tempeh Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Tempeh Market
10.4.6.1.1 South Africa Tempeh Market by Category
10.4.6.1.2 South Africa Tempeh Market by Product
10.4.6.1.3 South Africa Tempeh Market by Distribution Channel
10.4.6.2 Saudi Arabia Tempeh Market
10.4.6.2.1 Saudi Arabia Tempeh Market by Category
10.4.6.2.2 Saudi Arabia Tempeh Market by Product
10.4.6.2.3 Saudi Arabia Tempeh Market by Distribution Channel
10.4.6.3 U.A.E Tempeh Market
10.4.6.3.1 U.A.E Tempeh Market by Category
10.4.6.3.2 U.A.E Tempeh Market by Product
10.4.6.3.3 U.A.E Tempeh Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Tempeh Market
10.4.6.4.1 Rest of Middle East and Africa Tempeh Market by Category
10.4.6.4.2 Rest of Middle East and Africa Tempeh Market by Product
10.4.6.4.3 Rest of Middle East and Africa Tempeh Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Tempeh Market Overview
10.5.2 South and Central America Tempeh Market Forecasts and Analysis
10.5.3 South and Central America Tempeh Market Forecasts and Analysis - By Category
10.5.4 South and Central America Tempeh Market Forecasts and Analysis - By Product
10.5.5 South and Central America Tempeh Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Tempeh Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Tempeh Market
10.5.6.1.1 Brazil Tempeh Market by Category
10.5.6.1.2 Brazil Tempeh Market by Product
10.5.6.1.3 Brazil Tempeh Market by Distribution Channel
10.5.6.2 Argentina Tempeh Market
10.5.6.2.1 Argentina Tempeh Market by Category
10.5.6.2.2 Argentina Tempeh Market by Product
10.5.6.2.3 Argentina Tempeh Market by Distribution Channel
10.5.6.3 Rest of South and Central America Tempeh Market
10.5.6.3.1 Rest of South and Central America Tempeh Market by Category
10.5.6.3.2 Rest of South and Central America Tempeh Market by Product
10.5.6.3.3 Rest of South and Central America Tempeh Market by Distribution Channel

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. TEMPEH MARKET, KEY COMPANY PROFILES
12.1. HENRY'S TEMPEH INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. LIGHTLIFE FOODS, INC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. LALIBELA FARM
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. OLIVER'S MARKETS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MIGHTY BEAN TEMPEH
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. TOFURKY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NOBLE BEAN
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NUTRISOY PTY LTD
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SCHOUTEN
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TEMPEA NATURAL FOODS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
12.11. TOTALLY TEMPEH
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
12.12. PRIMASOY
12.12.1. Key Facts
12.12.2. Business Description
12.12.3. Products and Services
12.12.4. Financial Overview
12.12.5. SWOT Analysis
12.12.6. Key Developments
12.13. TABLE UNDER A TREE
12.13.1. Key Facts
12.13.2. Business Description
12.13.3. Products and Services
12.13.4. Financial Overview
12.13.5. SWOT Analysis
12.13.6. Key Developments
12.14. GWEN TEMPEH
12.14.1. Key Facts
12.14.2. Business Description
12.14.3. Products and Services
12.14.4. Financial Overview
12.14.5. SWOT Analysis
12.14.6. Key Developments
12.15. SBC TEMPEH MANUFACTURERS
12.15.1. Key Facts
12.15.2. Business Description
12.15.3. Products and Services
12.15.4. Financial Overview
12.15.5. SWOT Analysis
12.15.6. Key Developments
12.16. TOFU NAGEL MANUFAKTUR CHRISTIAN NAGEL GMBH
12.16.1. Key Facts
12.16.2. Business Description
12.16.3. Products and Services
12.16.4. Financial Overview
12.16.5. SWOT Analysis
12.16.6. Key Developments
12.17. RHAPSODY NATURAL FOODS
12.17.1. Key Facts
12.17.2. Business Description
12.17.3. Products and Services
12.17.4. Financial Overview
12.17.5. SWOT Analysis
12.17.6. Key Developments
12.18. NOFFOODS
12.18.1. Key Facts
12.18.2. Business Description
12.18.3. Products and Services
12.18.4. Financial Overview
12.18.5. SWOT Analysis
12.18.6. Key Developments
12.19. IMPULSE
12.19.1. Key Facts
12.19.2. Business Description
12.19.3. Products and Services
12.19.4. Financial Overview
12.19.5. SWOT Analysis
12.19.6. Key Developments
12.20. SOYBOY
12.20.1. Key Facts
12.20.2. Business Description
12.20.3. Products and Services
12.20.4. Financial Overview
12.20.5. SWOT Analysis
12.20.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS

The List of Companies

1. Henry's Tempeh Inc.
2. Lightlife Foods, Inc
3. Lalibela Farm
4. Oliver's Markets
5. Mighty Bean Tempeh
6. Tofurky
7. Noble Bean
8. Nutrisoy Pty Ltd
9. Schouten
10. TEMPEA NATURAL FOODS
11. Totally Tempeh
12. Primasoy
13. Table Under a Tree
14. GWEN TEMPEH
15. SBC Tempeh Manufacturers
16. Tofu Nagel Manufaktur Christian Nagel GmbH
17. RHAPSODY NATURAL FOODS
18. Noffoods
19. Impulse
20.SoyBoy

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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