The Latin America, Middle East and Africa Tempeh Market would witness market growth of 11.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Tempeh Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $208.8 Million by 2031. The Argentina market is showcasing a CAGR of 12.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11% during (2024 - 2031).
Many grocery stores are creating dedicated sections for plant-based foods, with these prominently featured alongside other plant-based proteins like tofu and seitan. This trend supports consumer interest in plant-based diets and enhances their visibility. Retailers offer diverse soya products, including flavored varieties, pre-cooked options, and soya-based snacks, catering to different consumer preferences and culinary needs.
Moreover, restaurants and foodservice providers are increasingly incorporating them into their menus, driven by the rise in vegan and vegetarian options. This is featured in burgers, salads, and bowls, offering a flavorful and nutritious alternative to traditional meat. Some fast food chains are introducing soya-based items in their plant-based menu offerings. This trend reflects the growing consumer demand for plant-based options in quick-service restaurants.
with the UAE food service industry expanding, many restaurants and cafés are incorporating diverse plant-based options to cater to a growing health-conscious and vegan population. This is increasingly featured as a nutritious and versatile ingredient in various dishes, from salads and wraps to main courses. The rise of high-end and specialty restaurants in the UAE leads to innovative uses. Chefs experiment with them in gourmet dishes, appealing to consumers seeking novel, high-quality dining experiences. The growth of Brazil’s food processing sector is leading to the establishment of new production facilities and expansion of existing ones, enhancing the production capacity for them. This growth supports the rising demand for plant-based proteins among Brazilian consumers. According to the Brazilian Food Processors Association (ABIA), the country’s food processing sector registered revenues of US$231 billion in 2023, an increase of 7.2% compared to 2022. The result represents 10.8% of the national GDP. In conclusion, the rising food service sector and expansion of the food processing sector in the region are driving the market's growth.
Free Valuable Insights: The Worldwide Tempeh Market is Projected to reach USD 9.5 Billion by 2031, at a CAGR of 8.9%
Based on Distribution Channel, the market is segmented into Foodservice and Retail (Hypermarkets & Supermarkets, Convenience Stores, Online, and Other Retail Channel Types). Based on Source, the market is segmented into Soya Beans, Multi-grain, and Other Sources. Based on Type, the market is segmented into Fresh, Frozen, and Ready-to-Eat. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Distribution Channel
By Source
By Country
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