Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 8.4% over the past five years, to reach an estimated $33.2bn in 2023.
Trends and Insights
- Revenue for the Tofu and Bean Curd Production industry in China is expected to grow at an annualized 8.4% over the five years through 2022.
- Additional trends and insights available with purchase
Biggest companies in the Tofu & Bean Curd Production in China
| Company
2022 | Market Share (%)
2022 | Revenue ($m)
2022 | Profit ($m)
2022 | Profit Margin (%)
2022 |
|---|---|---|---|---|
Hangzhou Huayuan Bean Food Co. Ltd. | ||||
Hebei Gaobeidian DouDou Food (Group) Co. Ltd. | ||||
Jiaxing Jiajiale Foods Co. Ltd. |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Tofu, Bean curd products and Fermented bean curd. Tofu is the largest segment of the Tofu & Bean Curd Production in China.
Trends and Insights
<B>Tofu</B>
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Revenue for the Tofu and Bean Curd Production industry in China is expected to grow at an annualized 8.4% over the five years through 2022. In 2022, revenue is expected to grow by 8.7%, to reach $33.2 billion, mainly driven by increasing domestic demand during the COVID-19 pandemic. Exports are estimated to account for only 8.4% of industry revenue in 2022.
What's included in this industry?
Tofu productionBean curd productionFermented bean curd productionSoy milk productionTofuBean curd productsFermented bean curdCompanies
Hangzhou Huayuan Bean Food Co. Ltd.Hebei Gaobeidian DouDou Food (Group) Co. Ltd.Jiaxing Jiajiale Foods Co. Ltd.Purchase this report to view all 5 major companies in this industry.
Related Terms
GENETICALLY MODIFIED ORGANISM (GMO)HAZARD ANALYSIS AND CRITICAL CONTROL POINTSTOFUIndustry Code
1392 - Tofu & Bean Curd Production in China
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Domestic Goods Prices - Agricultural - Crops - Grains. Soybeans are the main raw materials used to manufacture tofu and bean curd products. Therefore, increasing domestic soyb...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
<B>Tofu</B>
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Industry activity is concentrated in Shandong, Hunan and Sichuan provinces. Producers in these regions make up 35.6% of industry revenue.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Economies of scale. Economies of scale enable enterprises to be more efficient and increase profit margins.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Established in 2000, Hangzhou Huayuan Bean Food Co. Ltd., formerly Hangzhou Huayuan Bean Curd Products Factory, has an annual processing capacity of 40,000 tons of soybean. Th...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Hangzhou Huayuan Bean Food Co. Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Hebei Gaobeidian DouDou Food (Group) Co. Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Jiaxing Jiajiale Foods Co. Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Hangzhou Huayuan Bean Food Co. Ltd., and factors influencing its performance in the industry
- Description and key data for Hebei Gaobeidian DouDou Food (Group) Co. Ltd., and factors influencing its performance in the industry
- Description and key data for Jiaxing Jiajiale Foods Co. Ltd., and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Ministry of Commerce and local commercial departments govern the Tofu and Bean Curd Production industry in China.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Tofu & Bean Curd Production industry in China in 2023?
The market size of the Tofu & Bean Curd Production industry in China is $33.2bn in 2023.
How many businesses are there in the Tofu & Bean Curd Production in China industry in 2023?
There are 896 businesses in the Tofu & Bean Curd Production industry in China, which has declined at a CAGR of 4.6% between 2018 and 2023.
Has the Tofu & Bean Curd Production industry in China grown or declined over the past 5 years?
The market size of the Tofu & Bean Curd Production industry in China has been at a CAGR of 8.4% between 2018 and 2023.
What is the forecast growth of the Tofu & Bean Curd Production industry in China over the next 5 years?
The Tofu & Bean Curd Production in China market is forecast to over the five years from 2023 to 2028
What are the biggest companies in the Tofu & Bean Curd Production market in China?
The biggest companies operating in the Tofu & Bean Curd Production market in China are Hangzhou Huayuan Bean Food Co. Ltd., Hebei Gaobeidian DouDou Food (Group) Co. Ltd. and Jiaxing Jiajiale Foods Co. Ltd.
What does the Tofu & Bean Curd Production in China include?
Tofu production and Bean curd production are part of the Tofu & Bean Curd Production industry.
Which companies have the highest market share in the Tofu & Bean Curd Production in China?
The company holding the most market share in China is Hangzhou Huayuan Bean Food Co. Ltd..
How many people are/were employed in the Tofu & Bean Curd Production in China in 2023?
There are 124k employed in the Tofu & Bean Curd Production industry in China 2023.
Widen your competitive advantage with related industries
Related Domestic Industries
- This industry uses rice flour, flour and bean flour as raw materials to produce bread, cakes, mooncakes, pastries, and desserts.
- This industry uses flour (or rice powder), sugar, oil, milk, eggs, and other raw materials to produce a variety of small flat sweet biscuits and other bakery products.
- This industry uses soybean, defatted soybean, wheat and bran as raw materials to produce various soy sauce and sauce products through microbial fermentation.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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