Seitan Market Expected to Reach US$ 106.9 Million by 2032

According to the recent seitan market analysis report by Future Market Insights, a market research and competitive intelligence provider, sales of Seitan is estimated to reach a value of nearly US$ 106.9 Million by 2032, by surging at 4.8% CAGR through the decade.

Because seitan flour has a mild flavour, it can readily mix into any recipe and absorb the flavours of many different components. Because of its high protein content and low carbohydrate content, seitan demand has been primarily influenced by the current consumer shift towards vegetarian and vegan diets.

Seitan, a protein-rich vegetarian meat substitute made from wheat gluten, has seen a dramatic growth in popularity. Seitan-based products are in great demand as a result of its recent surge in popularity among health-conscious clients and vegans. The seitan market is poised for significant expansion as a result of its numerous culinary applications and attractiveness as a sustainable food.

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Proliferation of e-commerce websites and the easy availability of seitan whole foods through an increasing number of online retail channels is anticipated to drive the globa seitan market. Other factors, such as extensive promotional events by athletes and celebrities to promote the consumption of vegetarian products in order to maintain a healthy lifestyle is expected to further fuel the seitan market opportunities in the coming days.

To compete in this business, seitan market key players are offering a variety of options based on service, pricing, goods, location, and quality. Sonic Drive-Throughout, Wendy’s, and Burger King, for example, have grown their vegan fast-food businesses in the Mexico, Thailand, China, South Korea, India, United States, Turkey, Brazil, and Australia.

Soy free seitan is also a popular vegan protein choice for those who are sensitive to or allergic to soy-based goods like tempeh and tofu. However, the global seitan market is predicted to grow in response to the growing demand for plant-based foods in various parts of the world.

Key Takeaways from Market Study

  • North America is expected to have 38% seitan market share.
  • Only US holds 65 % Seitan market share in North American Market.
  • Europe is expected to have 31 % Seitan market share.
  • Germany alone holds 22 % Seitan market share in European Market.
  • Asia is expected to have 20 % Seitan market share.
  • China leads with 32 % Seitan market share in Asian Market.
  • Seitan market manufacturers are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

The growing focus on the consumption of Seitans in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run”, –says a lead analyst at Future Market Insights.

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Competitive Landscape

Seitan flour products have a strongly competitive global market. Industry giants such as Beyond Meat, Impossible Foods, and Oatly are supporting a spike in plant-based food alternatives as they partner with eateries and huge corporations.

Some of the leading seitan producing companies are LIMA, Upton’s Naturals, Vbites Foods Ltd., Snack Pellets Wheaty, Maya, Meatless B.V., The Nisshin MGP Ingredients, Inc., Sweet Earth Foods, Ollio Group Ltd., MGP Ingredients, Garden Protein International, Inc., Amy’s Kitchen, Inc., and Morningstar Farms, Inc. among others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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