Tofu News

Recent industry report about Tofu company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Tofu Market industry experts.

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Tofu News

  • February 2023: Morinaga Nutritional Foods acquired US plant-based company, Tofurky and its sister brand Moocho. Morinaga has been a tofu supplier for Tofurky products for 17 years. The acquisition of Tofurky and Moocho will help the company to strengthen the integrated supply chain and category growth for the brands.
  • September 2022: Keystone Capital has signed a definitive agreement for House Foods Holding USA to acquire 100% of Keystone Natural Holdings LLC, a leading manufacturer of tofu and plant-based foods in North America. Through this acquisition, House Foods will expand its portfolio of value-added tofu and plant-based food products and accelerate its U.S. market expansion plans. The combined company will have eight manufacturing facilities across North America.
  • July 2022: Kikkoman Corporation officially entered the Indian market by establishing its subsidiary in Mumbai, Kikkoman India Pvt. Ltd (KID).
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  • October 2024: Dsm-firmenich unveiled its latest omega-3 ingredient, life's DHA B54-0100. Each gram of life's DHA B54-0100 delivers 545mg of DHA and 80mg of EPA, amounting to a total of 620mg of omega-3s in every serving.
  • May 2024: French startup Edonia, specializing in plant-based meat alternatives derived from microalgae, successfully raised EUR 2 million in funding from Asterion Ventures. Edonia's offerings are designed to produce significantly lower CO2 emissions than both traditional meat and soy-based alternatives. By utilizing EU-approved microalgae such as spirulina and chlorella, the company aims to accelerate commercialization and deliver a flavorful, sustainable protein option.
  • February 2024: Cargill launched a new DHA algal oil, emphasizing its health benefits throughout all life stages, from supporting brain development in infants to aiding cognitive function in adults. Cargill highlighted that its DHA is derived from microalgae through a controlled fermentation process, positioning it as a more sustainable alternative to traditional fish oil sourcing.
  • October 2024: As part of its expansion strategy, One Rock Capital Partners, LLC made a strategic investment in Lewis Bakeries, Inc. Lewis Bakeries, a family-owned business located in Evansville, Indiana, specializes in manufacturing bread and baked goods. The company boasts several market-leading brands, including Lewis Bake Shop, Bunny Bread, Butternut, and Healthy Life.
  • September 2024: The Sola Company, celebrated for its fiber-rich breads devoid of added sugars, rolled out two new products at Whole Foods Market locations across the nation. The newly launched Sweet & Buttery Bread and Deliciously Seeded Bread are gracing store shelves nationwide. Both breads, perfect for sandwiches and toast, boast just 1 gram of net carbs and 4 grams of protein per slice.
  • September 2024: La Brea Bakery broadened its reach by introducing a range of its Take & Bake breads in over 1,000 Target outlets across the country. The brand highlights that its new offerings encompass French Dinner Rolls, a French Twin Pack Baguette, and French Sandwich Rolls.
  • September 2024: Vezlay Foods teamed up with the Catchy Court app to enhance accessibility to its plant-based offerings. Through this partnership with Catchy Court, a rising marketplace app known for delivering premium food products directly to consumers, Vezlay Foods guarantees that its top-tier plant-based meals and snacks are just a click away.
  • July 2024: Vezlay Foods rolled out its latest offering: Vezlay Crispy Veg Chicken. This new product is designed to entice not just vegetarians and vegans, but also those looking to cut back on meat without compromising on taste.
  • July 2024: Spice Grill Flame (SGF) India, a vegetarian restaurant chain, unveiled a fresh vegan menu featuring two distinct categories: 100% Plant-Based Protein and Vegan.
  • August 2024: Baby food startup brand Babe Burp funded INR 8 crore in a pre-series in collaboration with a venture capital fund, Gruhas Collective Consumer Fund. The purpose of this collaboration was to innovate baby food products.
  • August 2023: Sresta Natural Bioproducts has launched a new line of organic baby and children's food products. Targeting children aged six months to four years, these offerings cater to the youngest demographic. The frozen food range includes a variety of items such as bread, rotis, chapatis, and samosas.
  • December 2022: Mother Nature brand launched a parent-tested baby food range. The products are claimed to be nutritious, preservative-free, and appetizing. The products are available in 12 different fruit flavors including fruits and vegetables.
  • March 2024: Natura, based in Montreal, introduced a range of plant-based oat beverages made from 100% organic Canadian and gluten-free oats. The oat beverages are available in three flavors, Original, Vanilla, and Chocolate, and are claimed to be the only gluten-free oat drinks holding a Canadian Coeliac stamp, ensuring safety for consumers concerned about gluten.
  • February 2023: NEX-XOS introduced OBAR by OMEALS, a versatile daily bar that can serve as a meal replacement or nutrition bar. NEX-XOS specializes in producing shelf-stable foods and providing contract packaging, assembly, and distribution services. The OBAR daily bars offered by NEX-XOS are nutrient-dense, plant-based, allergen-free, gluten-free, and non-GMO.
  • January 2023: The Good Flour Corp. planned to develop "Patty Cakes," which are claimed to be gluten- and allergen-free protein pancake mixes designed especially for children.
  • January 2022: Schar, a German company, introduced three new gluten-free options for customers that can be conveniently stored on shelves. These products include a vegan pizza crust with ready-to-add toppings and baked lactose-free baguettes that are ready-to-eat and chocolate-coated crispy twin bars. These offerings were made available in Canada through online and offline channels.
  • April 2024: Predilecta Alimentos, as part of expanding its presence in the market, participated in one of the largest events in the supermarket and food service sector in Brazil, Super Rio Expofood 2024. Predilecta highlighted its wide range of products and preserves, including canned fruits and vegetables, seasonings, sauces, tuna, and bonito at the event.
  • April 2024: Dole PLC launched the Dole Can It Pineapple Snack Hackathon, a three-week-long competition* that challenges recipe innovators. Participants were invited to submit their best creations based on a different theme each week, giving everyone who enters the chance to win prizes. Dole Canned Pineapple offers delicious, high-quality tropical fruit that is rich in vitamin C and with no added sugar.
  • April 2024: Kronos SA announced a strategic partnership with Lariplast S.A., a company active in the food packaging industry. The partnership involves supplying barrier technology products from Lariplast to Kronos to export the final products to the American Markets.
  • June 2024: The Bull Brand launched three new ready-to-eat canned mince meals: Bolognaise Mince, Chilli Mince, and Savoury Mince. These new variants offer great value for money and are highly versatile.
  • March 2024: Conagra Brands expanded its tomato processing capabilities in Canada. The enhancements at its Dresden plant in Ontario include software updates, the installation of a new evaporator to increase tomato paste production, and introducing a dedicated production line for the Ro*tel brand.
  • March 2024: Bisto launched a new gravy specifically crafted for sausages. This thicker gravy is designed to offer a savory, slightly sweet flavor that complements and enhances the meaty taste of sausages, making sausage-based dishes more flavorful.
  • January 2024: Dabur, one of the leading firms in the Ayurvedic and personal care space, recently invested approximately INR 135 crore in expanding its manufacturing facility in South India. This move is geared toward bolstering the production capacity of its flagship products, including Dabur Honey, Dabur Red Paste, and Odonil air fresheners.
  • January 2024: APIS Honey launched Apis Organic Honey, sourced from Kashmir. The products are available in attractive glass bottles and different retail channels across India. 
  • December 2023: Better Foodie, collaborating with the California-based start-up MeliBio, unveiled their award-winning 'Vegan H*ney' in around 200 UK retailers.
  • March 2024: Under its brand Pillsbury, General Mills Inc. launched the Creamy Cakes & Stuffed Cookies. The stuffed cookies were offered in two flavors: Caramel Filled Chocolate Chip and Raspberry Filled Chocolate. These new Pillsbury Baking Creamy Cake and Stuffed Cookie Kits were made available for purchase at prices ranging from USD 2.00 to USD 5.00.
  • February 2024: Dawn Foods announced the acquisition of Royal Steensma, a renowned family-owned bakery ingredients manufacturing company headquartered in Leeuwarden, The Netherlands. The acquisition included four manufacturing plants in The Netherlands, a manufacturing facility in Thailand, and continued involvement with the Netherlands-based Food Innovation Academy (FIA) education center.
  • June 2023: Kellanova launched its Eggo lineup with three new flavors: Eggo Vanilla Bean Grab & Go Waffles, Eggo Chocolatey Chip Banana Waffles, and Eggo Berry Blast Mini Toast Waffles. The Eggo Chocolatey Chip Banana Waffles and Berry Blast Mini Toast Waffles had a suggested retail price of USD 3.59, while the Vanilla Bean Grab & Go Waffles were priced at USD 5.99.

January 2024: Kabrita officially unveiled the first and only long-term FDA-authorized goat milk-based infant formula in the United States. The long-term FDA authorization ensures consistent product availability, assuring parents of the permanence of the infant formula in the US market.

August 2023: Kendamil launched the Goat Milk Infant and Toddler Formula range in the United States. Kendamil Goat utilizes the unique and scientifically validated properties of goat milk to provide a new, naturally gentle option for babies.

March 2023: ObvioHealth, in partnership with IQVIA Consumer Health, announced the launch of a fully decentralized clinical trial with Jovie USA to offer a goat milk-based infant formula approved by the FDA in the United States. The study design was the first of its kind for infant formula, allowing parents and their newborns to participate in the trial from their homes without in-clinic visits. ObvioHealth and Jovie involved the FDA in the design of the study to increase the probability of regulatory success upon the completion of the trial.

Tofu Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029