Data Bridge Market Research analyses that the tempeh market was valued at a USD 133 million in 2021 is expected to reach the value of USD 421.22 million by 2029, at a CAGR of 15.50 % during the forecast period of 2022-2029.
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The Tempeh Market Cell report meticulously considers various factors such as market type, organizational size, on-premises availability, end-users' organizational type, and geographical presence in North America, South America, Europe, Asia-Pacific, and the Middle East & Africa for thorough data analysis. As a result, this market research report encompasses a multitude of parameters. The analysis and estimations presented in the Bacteriophages Therapy report provide insights into product launches, upcoming products, joint ventures, marketing strategies, developments, mergers and acquisitions, and their impact on sales, marketing, promotions, revenue, import, export, and CAGR values.
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Key Growth Drivers: Drivers
Rising demand from the various end user industries
Tempeh is becoming more popular in both developed and developing countries due to the numerous health benefits it provides, including the ability to build a stronger immune system, increase antibodies, reduce sugar, regulate appetite, lower cholesterol levels, and improve muscle growth. This is a key factor that is expected to drive global market growth during the forecast period. Furthermore, rising tempeh consumption among health-conscious individuals and rising tempeh availability in various distribution channels such as hypermarkets or supermarkets, e-commerce, convenience stores, and others around the world. These are the major factors expected to support the target market's growth over the forecast period.
Rising working population globally as well as rise in busy lifestyle
Growing demands for ready-to-eat tempeh among individuals due to busy lifestyles, as well as an increase in the number of working population globally, resulting in increased demand for tempeh globally, are other factors expected to drive global market growth. Furthermore, rising lactose intolerance among individuals and an increasing vegan population worldwide, resulting in increased demand for tempeh, are among the other factors expected to boost target market growth.
Report Scope:
- Analysis of market trends influencing the beverage stabilizers market's growth.
- Examination of trends within key regional and country-level markets based on type, function, and application.
- Providing a comprehensive overview of the Dye-Sensitized Solar Cell market.
- Evaluation of historical, current, and projected market sizes in terms of volume and value.
- Offering a neutral perspective on market performance.
- Essential information for market players seeking to maintain and expand their market presence.
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Key players:
- Beyond Meat (U.S.)
- Impossible Foods Inc. (U.S.)
- Danone SA (France)
- Garden Protein International, Inc. (Canada)
- Amy's Kitchen Inc. (U.S.)
- Plamil Foods Ltd. (U.K.)
- The Hain Celestial Group, Inc. (U.S.)
- Sahmyook Foods (South Korea)
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