Seitan Market Set to Reach US$106.9 Million by 2032, with a Steady CAGR of 4.8%

Posted on 2024-02-13 by Future Market Insights in Food & Beverage // 0 Comments

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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Key Companies Profiled

Wheaty
Sweet Earth Foods
Vbites Foods Ltd.
LIMA
Upton’s Naturals
Maya
Amy’s Kitchen, Inc.
Meatless B.V.
Morningstar Farms
MGP Ingredients, Inc.
The Nisshin MGP Ingredients, Inc.
Ollio Group Ltd.
Garden Protein International, Inc.
Others

Seitan Market by Category

By Product Type:

Organic
Conventional

By Application:

Food Industry
- Salad
- Sauce
- Burger
- Sandwich
- Meat Substitute
Beverage Industry
- Alcoholic Drinks
- Non-Alcoholic Drinks

By Distribution Channel:

Hypermarket
Supermarket
Specialty Stores
Online Stores
Others

By Region:

North America
Latin America
Europe
Middle East and Africa
East Asia
South Asia
Oceania

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Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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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