Japanese tofu sellers are facing challenges due to a surge in imported soybean prices. Despite a shrinking market, the tofu market was still above 300 billion yen ($2.25 billion) in the past year, driven by people eating more at home due to the pandemic. However, around 42% of mid-sized and small Japanese grocery stores that sell tofu saw a loss last fiscal year. Prices of overseas soybeans are expected to rise by 30% in 2022 compared to the previous year and 75% compared to 2015, while the average price of tofu has remained roughly the same since 2015.