Seitan Market – Global Industry Analysis and Forecast (2023-2029)

Seitan Market was valued US$ 127.51 Mn in 2022 and is expected to grow US$ 183.04 Mn by 2029, at a CAGR of 5.3% during the forecast period.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Seitan Market: Overview
Seitan also well-known as wheat gluten is a popular vegan meat alternative prepared totally out of hydrated gluten the main protein present in wheat. Apart from gluten, seitan still contains high protein & minerals and low carbs & fats, making it a nutritious food. In recent years, the growing consumer move toward vegetarian and vegan diet has mostly influenced the consumption of seitan for its rich protein content and very low carbs. Also, seitan has a relatively neutral taste, permitting it to take on essences of multiple seasonings very well and blend into any meal. It is also attractive for a popular vegan protein option among people who are sensitive and allergic to soy-based products, such as tempeh and tofu. High demand for plant-based food products in many regions across the globe is expected to convert into the development of the seitan market.To know about the Research Methodology :- Request Free Sample Report

Fast food restaurant chains are proposing a wide range of substitutes in terms of add-ons, including beverages, desserts, combo meals, and thrilling offers to invite more customers. As seitan is a vegan meat substitute, it is progressively being used to make numerous dishes in fast-food restaurants, like sandwiches, burgers, salads, and hotdogs. The restaurant industry, particularly in developed countries, for example, the US and Western European countries, is vastly competitive. To survive in this competitive business, companies are offering variations based on service, price, products, location, and quality. Numerous popular fast-food chains serving vegan food, including Sonic Drive-In, Wendy's, and Burger King have amplified their existence in numerous countries, such as the US, Turkey, Mexico, Thailand, China, South Korea, India, Brazil, and Australia. Therefore, the increasing number of fast-food outlets is recognized as a key factor driving the seitan market growth in the future.

On the other hand, the variations observed in the costs of the cereals are expected to hamper the growth of the industry in the upcoming yearsforecast period.

By product type, the conventional seitan segment will account for the largest market share of xx% within the global seitan market by 2029. On the other hand, the organic seitan segment will have a faster growth rate than the conventional seitan segment because of the upward popularity of organic food products.

Region-wise, the Asia Pacific is expected to hold the largest market share of the global market by 2029. The Asia Pacific regional market growth iscan be attributed to the enormous demand for vegan products in the flourishing foodservice sector. Also, growing health concerns in countries of Europe together with a fast fluctuating standard of living & demographics are expected to drive the growth of the seitan industry in the European region.

The objective of the report is to present a comprehensive analysis of the Global Seitan Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Seitan Market dynamics, structure by analyzing the market segments and project the Global Seitan Market size. Clear representation of competitive analysis of key players By Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Seitan Market make the report investor’s guide.
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Global Seitan Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 127.51 Mn.


Forecast Period 2023 to 2029 CAGR:
5.3%
Market Size in 2029:
US $ 183.04 Mn.


 Segments Covered:
by Product
Conventional Seitan
Organic Seitan


by Application
Food Industry
Beverage Industry


by Distribution Channel
Hypermarket
Supermarket
Specialty Stores
Online Stores
Others



Seitan Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Wheaty
2. Sweet Earth Foods
3. LIMA
4. Upton's Naturals
5. Maya
6. Vbites Foods Ltd.
7. Morningstar Farms
8. Meatless B.V.
9. The Nisshin MGP Ingredients, Inc.
10. Ollio Group Ltd.
11. MGP Ingredients, Inc.
12. Garden Protein International, Inc.
13. Amy’s Kitchen, Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Seitan Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Seitan Market?
Ans: The Global Seitan Market is growing at a CAGR of 5.3% during forecasting period 2023-2029.

3. What is scope of the Global Seitan market report?
Ans: Global Seitan Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Seitan market?
Ans: The important key players in the Global Seitan Market are – Wheaty, Sweet Earth Foods, LIMA, Upton's Naturals, Maya, Vbites Foods Ltd., Morningstar Farms, Meatless B.V., The Nisshin MGP Ingredients, Inc., Ollio Group Ltd., MGP Ingredients, Inc., Garden Protein International, Inc., Amy’s Kitchen, and Inc..

5. What is the study period of this market?
Ans: The Global Seitan Market is studied from 2022 to 2029.