Based on the findings of the prior tempeh market survey, it is anticipated that the market’s value will approximate US$ 4.2 billion in 2023. Furthermore, tempeh sales are poised for substantial growth with a projected compound annual growth rate (CAGR) of 5%, potentially reaching approximately US$ 6.8 billion by 2033. Tempeh is a fermented soybean product that …
Tag Archives: Tempeh Market Industry Size
Tempeh Market Growth: Sales Expected to Reach US$ 6.8 Billion by 2033 with 5% CAGR, Fueled by Rising Demand for Meat Analogues and Plant-Based Foods
From 2023 to 2033, the global tempeh market is predicted to rise at a 5% CAGR and are predicted to reach around US$ 6.8 billion by 2033. A sizable portion of the population wishes to either avoid or reduce their meat consumption by becoming vegan or vegetarian or by becoming flexitarians or meat reducers. As a result, high-quality …