Report Format: PDF
Published Date: Sep-2018 | 170 Pages | Report ID: VSR00630
Global Seitan Market Size was valued nearly USD 68.91 million by 2018 and is estimated to reach up to USD xx.xx million by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.1% during the forecast period that is 2017-2025. Seitan is a dough shaped chewy meat substitute which is made by the combination of wheat gluten from wheat flour with high protein content and with nutritional yeast. Seitan is a meat alternative and its market are driven by the changing dietary patterns for more plant-based protein than meat protein.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
The seitan market is estimated to be fueled by the increasing consumer awareness towards health problems such as cardiovascular diseases, body pains, cholesterol control, and others. Seitan, has a high resemblance in terms of appearance and texture with meat, thus with rising vegan population in the U.S., the use of seitan in the vegan industry is expected to boost the plant based meat market in North America. According to the United States Department of Agriculture (USDA), in 2017, there has been a rise of 600% in vegan population from 2016 in the U.S. alone, thus boosting the North America plant based meat market during the forecast period.
Market Dynamic
The market is also influenced by various environmental problems such as waste management, GHG emissions and others which are produced during animal farming. The seitan market is expected grow during forecast period due to the rise in number of vegan population and high rate of conversion from non-vegetarian to vegan food, coupled with the surge for clean and nutritional diets. According to the Department of Agriculture, in 2017, 7.5 million people are stated to be vegetarian, and there is an increase of 6 percent in terms of sales, in 2017, for plant based protein as compared to animal based protein products in United States. Thus shifting from animal based meat to plant based meat is expected to capture 49 percent of the global food supply, which would help to reduce waste, byproducts and carbon emissions. The shifting preference of consumers food consumption towards healthy and fat-free food products is expected to boost the use of seitan on plant based meat foods. According to the Academy of Nutrition and Dietetics, consumption of meat-free food helps to lower body weight, reduce cholesterol levels and blood pressure along with other benefits. Owing to these factors the seitan market is expected to boom during the forecast period 2018-2025.
Vegans vs. Non-Vegans Trends
Seitan is a starch removed dough, which makes it a protein dense substance. The seitan market is expected to grow due to the rising demand for fresh and natural food items, without compromising towards the meat-like food products. These meat-like products have given rise to various manufacturers to produce seitan product due to its growing demand. For instance, some of the companies that provide seitan food products are Arrowhead Mills, Knox Mountain, Ivy Foods, and others that offers wheat balls, sausage, chicken wheat, burgers patties, and others. The seitan food products could be stored for months without losing its taste or texture which gives it the upper hand compared to other meat alternatives, and coupled with the rise in consumption for frozen food the seitan market is expected to propel during the forecast period. According to the Department of Agriculture, in 2016, 4% of frozen products were plant based, while the total growth of frozen food increased by 23% from 2015 replacing meat products. According to Plant Based Foods Association (PBFA), plant based meat is expected to grow from niche to a major mass market with 24-26% rise in sales, with a growing revenue of 6% from 2016 to 2017 for the plant based meat market, with seitan having a share of 32% of the total meat alternative food market.
Regional Analysis
The global seitan market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The consumption of seitan is expected to on the higher side for Europe, thus, the seitan market is anticipated to be dominated by Europe followed by Asia Pacific and North America. According to the German Nutrition Society (DGE), by 2017, there was an excess consumption of meat in Europe which led to rise in gastrointestinal cancer and other cardiovascular diseases over the past five years. Thus, consumer’s preference towards plant-based meat products is expected to increase the growth for seitan market in Europe during the forecast period.
Global Seitan Market Size, Share Analysis By Region 2017
Asia Pacific is expected to be the fastest growing region for the seitan market, due to various companies which are coming through to capture the meat alternative market. According to the United States Department of Agriculture (USDA), Seitan, consist of 22.37 protein/g, with no cholesterol or others lipids such as fatty acids etc. It is made out of organic whole soybeans or organic whole wheat which makes them a mainstream product in the plant based meat market in North America. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.
Global Seitan Market Study Objective
1. To forecast the market size of seitan market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of seitan market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have major impact on the growth of seitan market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of seitan market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the seitan market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Various companies are expanding its unit under meat alternatives food products through mergers and acquisitions in Asia Pacific. For instance, in 2015, Monde Nissin Corp., assimilated Quorn Foods, a U.K. based producer of meat substitute to increase the company share and global presence over meat alternative products. Major key players for seitan market include Beyond Meat Inc., Uptons Naturals, Amy’s Kitchen Inc., Tofurky, DowDuPont Inc., and Gardein among others.
Global Seitan Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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