Asia Pacific Tofu Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 360.89 Million |
|
|
Market Size (2029) | USD 668.99 Million |
|
Largest Share by Distribution Channel | Off-Trade |
|
|
CAGR (2024 - 2029) | 13.14 % |
|
Largest Share by Country | China |
|
|
Market Concentration | Low |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
Asia Pacific Tofu Market Analysis
The Asia-Pacific Tofu Market size is estimated at 360.89 million USD in 2024, and is expected to reach 668.99 million USD by 2029, growing at a CAGR of 13.14% during the forecast period (2024-2029).
360.89 Million
Market Size in 2024 (USD)
668.99 Million
Market Size in 2029 (USD)
11.01 %
CAGR (2017-2023)
13.14 %
CAGR (2024-2029)
Largest Segment by Country
18.62 %
value share, China, 2023
With the customers' shift toward vegan alternatives raised in China, tofu has emerged as an ideal meat substitute, as it is already an integral part of the culture.
Largest Segment by Distribution Channel
67.27 %
value share, Off-Trade, 2023
Online channel is likely to drive the growth of tofu sales through off-trade channels. The onset of the experiential economy has prompted customers to prefer this channel.
Fastest-growing Segment by Country
13.74 %
Projected CAGR, Indonesia, 2024-2029
The rapidly growing consumer interest in healthy living and healthy eating, considering tofu as a modern-style plant-based food, has become the major factor for tofu in Indonesia.
Fastest-growing Segment by Distribution Channel
13.42 %
Projected CAGR, On-Trade, 2024-2029
The region's growing vegan population has led numerous food service outlets to add tofu items to their menus. This also promoted the launch of vegan restaurants in the region.
Leading Market Player
10.56 %
market share, Misuzu Corporation Co. Ltd, 2022
Technological advancements in tofu processing, catering to increased production, and the company鈥檚 product portfolio are expanding its presence in the APAC tofu market.
- In the Asia-Pacific region, tofu's sales value from the off-trade segment increased by 28.33% in 2020 from 2019, primarily due to the COVID-19 pandemic. In 2020, many households purchased plant-based foods, including tofu, from supermarkets and online channels as restaurants and foodservice outlets were shut. Moreover, consumers stockpiled meat substitute products due to panic buying amid pandemic-induced lockdowns.
- The off-trade segment is the dominant distribution channel through which tofu products are consumed in the Asia-Pacific region. Of all the sub-segments of the off-trade segment, the supermarkets and hypermarkets segment is the major channel, and it accounted for 68% of the market share in 2021. The growth of these retail formats, along with factors like business expansion and the increase in supermarkets and hypermarkets, positively impacted the meat substitute market in the region. The major retailers in China, including Walmart China, Sun Art Retail Group Ltd, and Carrefour China, have started selling plant-based tofu products with a separate shelf space to attract consumers.
- The on-trade segment is likely to be the fastest-growing distribution channel for the consumption of meat substitutes in the Asia-Pacific region. It is projected to record a CAGR of 14.97% in the forecast period. There is a growing demand for plant-based food across the country, and consumers are more interested in innovative variants. Thus, restaurants and the foodservice sector are continuously launching innovative tofu variants, such as hot pot, Chinese-style barbeque, and tofu snacks, and are expected to innovate more tofu products in the forecast period to cater to the growing demand from consumers.
Understand The Key Trends Shaping This Market
Download PDF
Rising demand for tofu dishes at foodservice outlets boosting the segment sales
- The segment has seen significant growth of 19.1% by value from 2020 to 2022. Tofu is a part of traditional Asian cuisine. It is a common ingredient in dishes with subtle regional variations in methods of production, texture, flavor, and usage. Giants like Impossible Foods, Just, KFC, and Cargill are innovating their products and entering the Chinese market, which accounts for the largest meat consumption within the APAC market.
- However, the Indian tofu market is expected to see high growth and is projected to witness a CAGR value of 13.60% during the forecast period (2023-2029). As customers shift their food choices to vegan alternatives, tofu has emerged as an ideal meat substitute. Tofu is regarded as a very good source of protein that is also eco-friendly and devoid of cruelty. Tofu may have increased in popularity among consumers as an acceptable replacement and impulsive buy as a result. The number of vegetarians is also high in the country, which was over 34 million as of 2021, driving the sales. People who generally eat meat out of home only are also now looking for alternative meat options in the dine-in.
- The tofu market in the region is expected to see positive growth during the forecast period (2023-2029), with all the countries projected to witness a CAGR value of more than 13.17%. Soybean is a major raw material for tofu production. In certain parts of the region where soybean production is relatively low, it has to be imported to satisfy the industry's production volume. Asia-Pacific will continue to be a huge market for tofu, as it is already an integral part of the culture. Countries will need to step up their production of soybeans and coagulants needed for the production of tofu to decrease reliance on other nations.
Asia-Pacific Tofu Market Trends
Uncertainty in soybean production is causing a spike in prices
- In 2022, the average price of tofu in Asia-Pacific was USD 6.03/kg. The highest price in 2022 was recorded in Malaysia and Australia at USD 7/kg. In Australia, tofu is sold as a premium product and, therefore, has a higher price markup. Although cheaper options are available, Australian consumers have a higher preference for tofu made from Australian ingredients. Demand is also more for tofu with the "Australian Grown Certified" label, while tofu made from organic soybeans is sold for a higher premium.
- The price of tofu in Japan was USD 6/kg in 2022. Following Russia鈥檚 invasion of Ukraine, Japanese retailers are facing higher import costs for soybeans, although demand remains strong. The war in Ukraine, the weaker Yen, and increased imports from China caused soybeans produced overseas to cost around 30% more in 2022 than the previous year and 75% more than in 2015. Despite these rising costs, average tofu prices remained at about USD 0.50-0.60 per 300 grams, which was almost the same as in 2015. Imported soybeans now make up about 12% of a block of tofu, up from around 6-7% in 2020.
- Governments in Asia-Pacific aim to increase domestic soybean production to reduce their excessive reliance on crop imports. In 2022, China imported more than 96 million tons of soybeans, which made up nearly 85% of its domestic consumption. However, China seeks to boost domestic soybean production by 40% over the next four years to change this situation. According to the 14th Five Year Plan on crop farming released by the Ministry of Agriculture and Rural Affairs (MARA) in January 2022, China plans to increase soybean production from 16.4 million tons in 2021 to 23 million tons by 2025 to improve self-sufficiency.
Understand The Key Trends Shaping This Market
Download PDF
Asia Pacific Tofu Industry Overview
The Asia-Pacific Tofu Market is fragmented, with the top five companies occupying 22.76%. The major players in this market are Invigorate Foods Pvt. Ltd, Miracle Soybean Food International Corporation, Misuzu Corporation Co. Ltd, PSC Corporation Limited and Vitasoy International Holdings Ltd (sorted alphabetically).
Asia Pacific Tofu Market Leaders
Invigorate Foods Pvt. Ltd
Miracle Soybean Food International Corporation
Misuzu Corporation Co. Ltd
PSC Corporation Limited
Vitasoy International Holdings Ltd
Other important companies include Hangzhou Bean Food Co. Ltd., Leong Guan Food Manufacturer Pte Ltd., Morinaga Milk Industry Co. Ltd, Pulmuone Corporate.
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download PDF
Asia Pacific Tofu Market News
- June 2022: Morinaga Nutritional Foods launched Mori-Nu Yuzu Flavored Silken Tofu, known for its velvety smooth texture. The product has a firm texture, is versatile, and can be added to desserts or blended for preparation.
- May 2022: PSC announced the acquisition of C.K.H. Food Trading Pte Ltd and 123 Mart Pte Ltd. Which took effect from January 1, 2022.
- April 2022: Pulmuone quadruples its annual tofu production capacity to 60 million packs to secure nationwide distribution coverage in China
Free with this Report
We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.
Asia Pacific Tofu Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Price Trends
2.1.1. Tofu
2.2. Regulatory Framework
2.2.1. Australia
2.2.2. China
2.2.3. India
2.2.4. Japan
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
3.1. Distribution Channel
3.1.1. Off-Trade
3.1.1.1. Convenience Stores
3.1.1.2. Online Channel
3.1.1.3. Supermarkets and Hypermarkets
3.1.1.4. Others
3.1.2. On-Trade
3.2. Country
3.2.1. Australia
3.2.2. China
3.2.3. India
3.2.4. Indonesia
3.2.5. Japan
3.2.6. Malaysia
3.2.7. South Korea
3.2.8. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. Hangzhou Bean Food Co. Ltd.
4.4.2. Invigorate Foods Pvt. Ltd
4.4.3. Leong Guan Food Manufacturer Pte Ltd.
4.4.4. Miracle Soybean Food International Corporation
4.4.5. Misuzu Corporation Co. Ltd
4.4.6. Morinaga Milk Industry Co. Ltd
4.4.7. PSC Corporation Limited
4.4.8. Pulmuone Corporate
4.4.9. Vitasoy International Holdings Ltd
5. KEY STRATEGIC QUESTIONS FOR MEAT SUBSTITUTES INDUSTRY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- TOFU PRICE PER METRIC TON, USD, ASIA-PACIFIC, 2017 - 2023
- Figure 2:
- VOLUME OF TOFU MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 3:
- VALUE OF TOFU MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 4:
- VOLUME OF TOFU MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 5:
- VALUE OF TOFU MARKET BY DISTRIBUTION CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VOLUME SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 7:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 8:
- VOLUME OF TOFU MARKET SOLD VIA OFF-TRADE, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VALUE OF TOFU MARKET SOLD VIA OFF-TRADE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VOLUME OF TOFU MARKET SOLD VIA OFF-TRADE CHANNELS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 11:
- VALUE OF TOFU MARKET SOLD VIA OFF-TRADE CHANNELS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 12:
- VOLUME OF TOFU MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VALUE OF TOFU MARKET SOLD VIA CONVENIENCE STORES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VALUE SHARE OF TOFU MARKET SOLD VIA CONVENIENCE STORES SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 15:
- VOLUME OF TOFU MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE OF TOFU MARKET SOLD VIA ONLINE CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VALUE SHARE OF TOFU MARKET SOLD VIA ONLINE CHANNEL SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 18:
- VOLUME OF TOFU MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE OF TOFU MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE SHARE OF TOFU MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 21:
- VOLUME OF TOFU MARKET SOLD VIA OTHERS, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE OF TOFU MARKET SOLD VIA OTHERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VALUE SHARE OF TOFU MARKET SOLD VIA OTHERS SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 24:
- VOLUME OF TOFU MARKET SOLD VIA ON-TRADE, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE OF TOFU MARKET SOLD VIA ON-TRADE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VOLUME OF TOFU MARKET BY COUNTRY, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 27:
- VALUE OF TOFU MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VOLUME SHARE OF TOFU MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 29:
- VALUE SHARE OF TOFU MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 30:
- VOLUME OF TOFU MARKET, METRIC TONS, AUSTRALIA, 2017 - 2029
- Figure 31:
- VALUE OF TOFU MARKET, USD, AUSTRALIA, 2017 - 2029
- Figure 32:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AUSTRALIA, 2022 VS 2029
- Figure 33:
- VOLUME OF TOFU MARKET, METRIC TONS, CHINA, 2017 - 2029
- Figure 34:
- VALUE OF TOFU MARKET, USD, CHINA, 2017 - 2029
- Figure 35:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CHINA, 2022 VS 2029
- Figure 36:
- VOLUME OF TOFU MARKET, METRIC TONS, INDIA, 2017 - 2029
- Figure 37:
- VALUE OF TOFU MARKET, USD, INDIA, 2017 - 2029
- Figure 38:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 39:
- VOLUME OF TOFU MARKET, METRIC TONS, INDONESIA, 2017 - 2029
- Figure 40:
- VALUE OF TOFU MARKET, USD, INDONESIA, 2017 - 2029
- Figure 41:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDONESIA, 2022 VS 2029
- Figure 42:
- VOLUME OF TOFU MARKET, METRIC TONS, JAPAN, 2017 - 2029
- Figure 43:
- VALUE OF TOFU MARKET, USD, JAPAN, 2017 - 2029
- Figure 44:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, JAPAN, 2022 VS 2029
- Figure 45:
- VOLUME OF TOFU MARKET, METRIC TONS, MALAYSIA, 2017 - 2029
- Figure 46:
- VALUE OF TOFU MARKET, USD, MALAYSIA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MALAYSIA, 2022 VS 2029
- Figure 48:
- VOLUME OF TOFU MARKET, METRIC TONS, SOUTH KOREA, 2017 - 2029
- Figure 49:
- VALUE OF TOFU MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 51:
- VOLUME OF TOFU MARKET, METRIC TONS, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VALUE OF TOFU MARKET, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 53:
- VALUE SHARE OF TOFU MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 54:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 55:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 56:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Tofu Industry Segmentation
Off-Trade, On-Trade are covered as segments by Distribution Channel. Australia, China, India, Indonesia, Japan, Malaysia, South Korea are covered as segments by Country.
- In the Asia-Pacific region, tofu's sales value from the off-trade segment increased by 28.33% in 2020 from 2019, primarily due to the COVID-19 pandemic. In 2020, many households purchased plant-based foods, including tofu, from supermarkets and online channels as restaurants and foodservice outlets were shut. Moreover, consumers stockpiled meat substitute products due to panic buying amid pandemic-induced lockdowns.
- The off-trade segment is the dominant distribution channel through which tofu products are consumed in the Asia-Pacific region. Of all the sub-segments of the off-trade segment, the supermarkets and hypermarkets segment is the major channel, and it accounted for 68% of the market share in 2021. The growth of these retail formats, along with factors like business expansion and the increase in supermarkets and hypermarkets, positively impacted the meat substitute market in the region. The major retailers in China, including Walmart China, Sun Art Retail Group Ltd, and Carrefour China, have started selling plant-based tofu products with a separate shelf space to attract consumers.
- The on-trade segment is likely to be the fastest-growing distribution channel for the consumption of meat substitutes in the Asia-Pacific region. It is projected to record a CAGR of 14.97% in the forecast period. There is a growing demand for plant-based food across the country, and consumers are more interested in innovative variants. Thus, restaurants and the foodservice sector are continuously launching innovative tofu variants, such as hot pot, Chinese-style barbeque, and tofu snacks, and are expected to innovate more tofu products in the forecast period to cater to the growing demand from consumers.
| Distribution Channel | ||||||
| ||||||
| On-Trade |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| South Korea | |
| Rest of Asia-Pacific |
Need A Different Region Or Segment?
Customize Now
Market Definition
- Meat Substitutes - It is a food product made from vegetarian or vegan ingredients, eaten as a replacement for meat. Meat substitutes typically approximate qualities of specific types of meat, such as mouthfeel, flavor, appearance, or chemical characteristics.鈥�
- Tempeh - It is a high protein Asian food prepared by fermenting soybeans with a Rhizopus.鈥�
- Textured Vegetable Protein - Food items made from consumable protein sources like soybean, pea, wheat, hemp, etc., are known as textured vegetable proteins. Each unit will withstand hydration during cooking and other processes used in preparing the food for consumption because it has structural integrity and a distinguishable texture.鈥�
- Tofu - Tofu is a soft food product prepared by treating soybean milk with coagulants.鈥�
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or W眉rstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hy艒go prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
Need More Details on Market Definition?
Ask a Question
Research Methodology
糖心vlog传媒 follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.鈥�
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.鈥�
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.鈥�
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
Get More Details On Research Methodology
Download PDF
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
