Albany, NY -- (SBWIRE) -- 05/26/2017 -- Nowadays, people are increasingly accepting vegan diets due to the growing concern towards animal rights and for a better environment. According to a new study, by looking at this factor, Tofu has increasingly gained acceptance particularly as a vegetarian and vegan approved source of protein. Due to this, analysts have forecasted the global tofu market to grow at a CAGR of 4.02% during the period 2017-2021. Market Research Hub (MRH) has recently added this new study to their vast offerings, which is titled as "Global Tofu Market 2017-2021". The study delivers precise information about the market covering the major trends, factors and opportunities contributing towards the market growth.

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Tofu is one of the world's most concentrated source of high-quality vegetable protein. Tofu, also called bean curd, has gained popularity over the years especially as a vegetarian- and vegan-approved source of protein. It is a soft, cheese-like food, made out of Soya milk that is curdled with a coagulant and generally used to blend with other food types because it easily absorbs their flavor. It has a subtle flavor and can be used in sweet and salty dishes. Tofu is a naturally gluten-free and low-calorie food which contains no cholesterol. As per the research findings, the growing awareness among consumers about the health benefits of such nutrients has led to the increasing growth of the soy protein ingredients market.

The report starts by presenting the current market status of tofu, by analyzing the major regions such as APAC, EMEA and the Americas; and countries such as China, U.S. and Japan. Moreover, the report segments the market on the basis of product type, which covers processed and unprocessed tofu market. Amongst, processed tofu segment is expected to dominate the market in the coming years. Also, in terms of geography APAC region is the major revenue contributor, mainly due to the increasing demand for nutritional diet and the rising disposable income in this region.

Also, one of the major reasons for this adoption is that meat-based food poses as significant threats by increasing the risk of cancer and the awareness towards the damages to kidney due to the consumption of excess of protein. This will drive the growth of the tofu market since vegan diet followers will increasingly prefer plant-based protein alternatives such as tofu. Countless studies have suggested that increasing consumption of plant-based foods like tofu, decreases the risk of obesity and overall mortality, diabetes and heart disease.

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This study contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Top players in the market are Hain Celestial, Hgli Holding, Pulmuone, House Foods Group, MORINAGA and VITASOY. Some other prominent vendors are Eden Foods, San Jose Tofu, Tofurky, Kikkoman, Amy's Kitchen and The Nisshin OilliO.

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