The fermented and functional food market is a primary driver of the tempeh market's growth. The North America Tempeh Market is expected to register 7% CAGR.
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Global Tempeh Market to Reach $5.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Tempeh estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5.3 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027.
Frozen, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fresh segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
Tempeh Market to Witness a Healthy Growth during 2026 openpr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from openpr.com Daily Mail and Mail on Sunday newspapers.