Tofu Market |Global Segments, Industry Profit Growth, and Future Prospects | New MRFR Report ipsnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipsnews.net Daily Mail and Mail on Sunday newspapers.
A MALTON business has launched the UK’s first frozen tofu after enjoying its most successful year. The Tofoo Co. Ltd’s turnover was £14.7 million in 2020, an 89 per cent year-on-year increase and a significant contrast to its first year of trading in 2016, when Dave Knibbs and Lydia Smith acquired the business when turnover was £600,000. The tofu manufacturer is now the third largest brand in the chilled meat-free market, and more than one million households are now buying products regularly. To mark Veganuary this month, the company has launched Tofoo Chunkies for the frozen sector. The firm is expecting to increase turnover to £20 million by the end of 2021 following an investment in staff and resources.