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Market Research Report
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1021286

Global Seitan Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Seitan Market - 2021-2028
Published: July 30, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • ALL
  • Description
  • Table of Contents
Description

Market Overview:

Seitan is a food made from hydrated gluten and is widely used as a vegan meat substitute. Gluten, the main protein in wheat is a rich source of protein and is one of the most widely used binders in food processing. Seitan is produced by rinsing off the starch from wheat dough. It is also called wheat gluten, wheat meat, wheat protein or simply gluten. Aside from gluten, seitan has a high protein, mineral, and mineral content, as well as a low carbohydrate and fat content, making it a healthy food. Seitan consumption has been on rise with the increasing market trend in vegetarian and vegan diets, owing to its high protein content and low carbohydrate content. Furthermore, seitan has a relatively neutral flavor, allowing it to absorb the essences of a variety of seasonings and blend seamlessly into any meal, thus making it suitable alternative for meat lovers. The global seitan market valued USD XX million in 2020 and is estimated to reach USD XX million by 2028, growing at a CAGR of XX%

Market Dynamics: Growing veganism and soy allergic population is driving the market

With growing vegan population, there has been increased demand for meat substitutes including seitan. According to an article, in the last two years, the number of vegans in the United States has increased by 0.4 percent to about 3.5 percent while Vegetarian Times Magazine report "Vegetarianism in America," states that the number of vegans in the United States is rapidly increasing. Thus, with this growing vegetarian and vegan culture, the demand for seitan is likely to propel the market growth. Moreover, the growing population of people who are allergic to soy products such as tofu and tempeh are turning towards seitan as a healthier option for protein source, which is further supporting the market.

However, the availability of other meat alternatives like tofu which is highly popular in the Asia-Pacific region, is likely to pose threat to the market growth.

Market Segmentation: Organic Seitan holds the largest share due to growing demand for healthier food options

Organic seitan is the widely growing segment of the seitan market as people are getting more conscious towards their health. The growing vegan population is a evidence of people getting more serious about their health concerns, which is especially why organic lifestyle is gaining popularity. With people trying to have less processed food and more raw and nutritional food, organic seitan has seen a rise in sales as result. Moreover, various studies have also encouraged people towards consumption of organic food which can increase their nutritional content in the body. These organic seitan are made purely out of plant-based ingredients without addition of any external additives, which makes it especially healthy. In addition to this, the addition of organic flavors for marination is further supporting their growth in terms of taste.

Geographical Penetration: North America dominates the market owing to the rapid growing health concerns due to consumption of meat

North America is the major shareholder of the market with United States and Canada getting serious regarding the increasing obese population. Furthermore, the rising prevalence of chronic diseases such as cardiovascular disease due to increasing consumption of meat caused a rapid growth in the veganism trend. According to a report conducted by the CDC (Centers for Disease Control and Prevention), one person dies from cardiovascular disease every 36 seconds in the United States. While, according to the online newsletter, approximately 58 percent of Canadians want to reduce their meat intake in order to be healthier.

Competitive Landscape:

The global seitan market is highly consolidated with large number of players operating in the market. Key players in the market include Wheaty, Sweet Earth Foods, LIMA, Upton's Naturals, Maya, Vbites Foods Ltd., Morningstar Farms, Meatless B.V. and The Nisshin Ollio Group Ltd. The innovations brought in by the companies in terms of new flavors for use in marination and nutrition has helped these companies maintain their lead in the market.

Recent developments in the market

In 2019, at Natural Products Expo West, Upton's Naturals announced the launch of wheat-protein-based Jerky Bites. These snacks, come in tropical-inspired flavors, which claims to be a good source of protein and vitamin B-12.

COVID-19 Impact: Pandemic had a positive impact on global seitan market

The pandemic led to a positive consumer preference among consumers towards seitan and other plant-based meat substitutes. Consumers across the globe have been looking for sustainable food products and the concerns towards animal-derived food added to further growth during the pandemic. Also, the meat processing industry was shut down due to increasing transmission cases through livestock. With people looking for alternate solutions for protein source, plant-based meat products like seitan, tofu were seemed as a heathier option, which increased their demand during the pandemic. According to records, the Plant Based Foods Association saw a 23% rise in sales of plant-based meat products in 2020, when these goods were showcased in meat stores. LoveSeitan, a leading seitan manufacturer in U.K. witnessed a growth of 78% in terms of sales revenue in 2020. The company estimated the growth to be recorded at 74% in 2021.

Why Purchase the Report?

  • Understand the current market scenario and viability of global seitan over the forecast period
  • Visualize the composition of the global seitan market in terms of type and distribution channel to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global seitan market - Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Food processing companies
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
Table of Contents
Product Code: DMFB3718

Table of Contents

1. Global Seitan Market -Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Global Seitan Market -Key Trends and Developments

3. Global Seitan Market - Executive Summary

  • 3.1. Market Snippet by Type
  • 3.2. Market Snippet by Distribution Channel

4. Global Seitan Market - Market Dynamics

  • 4.1. Market impacting factors
    • 4.1.1. Drivers
      • 4.1.1.1. Growing veganism and soy allergic population
    • 4.1.2. Restraints
      • 4.1.2.1. Deep penetration of other meat alternatives
    • 4.1.3. Opportunities
  • 4.2. Impact analysis

5. Global Seitan Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Supply chain analysis
  • 5.3. Pricing analysis
  • 5.4. Patent Analysis
  • 5.5. Regulatory Analysis

6. Global Seitan Market - COVID-19 Analysis

  • 6.1. Porter's five forces analysis
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives

7. Global Seitan Market - By Type

  • 7.1. Introduction
    • 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Type Segment
    • 7.1.2. Market attractiveness index, By Type Segment
  • 7.2. Organic*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 7.3. Conventional

8. Global Seitan Market - By Distribution Channel

  • 8.1. Introduction
    • 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Distribution Channel Segment
    • 8.1.2. Market attractiveness index, By Distribution Channel Segment
  • 8.2. Supermarkets*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 8.3. Specialty Food Stores
  • 8.4. Convenience Stores
  • 8.5. Online Sales

9. Global Seitan Market - By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key region-specific dynamics
    • 9.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 9.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 9.2.5.1. U.S.
      • 9.2.5.2. Canada
      • 9.2.5.3. Mexico
  • 9.3. South America
    • 9.3.1. Introduction
    • 9.3.2. Key Region-Specific Dynamics
    • 9.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 9.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 9.3.5.1. Brazil
      • 9.3.5.2. Argentina
      • 9.3.5.3. Rest of South America
  • 9.4. Europe
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 9.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 9.4.5.1. Germany
      • 9.4.5.2. U.K.
      • 9.4.5.3. France
      • 9.4.5.4. Italy
      • 9.4.5.5. Rest of Europe
  • 9.5. Asia Pacific
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 9.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 9.5.5.1. China
      • 9.5.5.2. India
      • 9.5.5.3. Japan
      • 9.5.5.4. Australia
      • 9.5.5.5. New Zealand
      • 9.5.5.6. Rest of Asia Pacific
  • 9.6. Middle East and Africa
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 9.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel

10. Global Seitan Market - Competitive Landscape

  • 10.1. Competitive scenario
  • 10.2. Competitor strategy analysis
  • 10.3. Market positioning/share analysis
  • 10.4. Mergers and acquisitions analysis

11. Company Profiles

  • 11.1. MGP Ingredients, Inc.*
    • 11.1.1. Company Overview
    • 11.1.2. Method Portfolio and Description
    • 11.1.3. Key Highlights
    • 11.1.4. Financial Overview
  • 11.2. Wheaty
  • 11.3. Sweet Earth Foods
  • 11.4. LIMA
  • 11.5. Upton's Naturals
  • 11.6. Maya
  • 11.7. Vbites Foods Ltd.
  • 11.8. Morningstar Farms
  • 11.9. Meatless B.V.
  • 11.10. The Nisshin Ollio Group Ltd.

12. Global Seitan Market - Premium Insights

13. Global Seitan Market - DataM

  • 13.1. Appendix
  • 13.2. About us and services
  • 13.3. Contact us