United Kingdom Tofu Market Size (2024 - 2029)

United Kingdom Tofu Market Analysis

The United Kingdom Tofu Market size is estimated at USD 139.54 million in 2024, and is expected to reach USD 276.78 million by 2029, growing at a CAGR of 14.68% during the forecast period (2024-2029).

As a result of the pandemic, a shift was observed in food consumption patterns, and people preferred vegan foods and plant-based nutrition in their daily diet. Due to urbanization, capitalization, and fast lifestyles, people need quick and better nutrition, which is driving the tofu market. Also, people have become more mindful of their diet and health, which, in turn, resulted in an increasing number of manufacturers, like Tofu King, The Tofoo Co., and others, expanding their presence in the country to meet the propelling demand.

Altogether, the growing vegan population and an increasing number of lactose-intolerant people are the key factors driving the demand for tofu as a meat substitute across the United Kingdom. Furthermore, there has been a rising demand for plant protein nutrients among consumers. Thus, this growing awareness about the health benefits of such nutrients led to the increasing growth of vegan protein sources, like tofu.

Expansion and innovations are the key strategies preferred by major companies to strengthen their market dominance. Major players are constantly trying to expand their product portfolio to gain larger consumer base. For instance, in June 2022, Tofu Tasty debuted Craft Tofu Knots exclusively at Waitrose stores, following the increasing consumer interest in the dried tofu delicacy in the United Kingdom. Tofu knots are created from the top layer of dried soy milk that has been hand-twisted into various shapes, similar to pasta but with a staggering 45% protein content.

United Kingdom Tofu Industry Segmentation

Tofu is made of condensed soy milk, and it is widely known as a vegan alternative to dairy and meat products. It is available in the market in different textures that can be silken, soft, firm, or extra firm. The UK tofu market is segmented by distribution channels into supermarkets/hypermarkets, convenience/grocery stores, online retail stores, and other distribution channels. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).