Reports
Seitan, also known as wheat gluten, is a popular vegan meat substitute made entirely out of hydrated gluten, the main protein present in wheat. Apart from gluten, seitan still consists high protein and minerals and low carbs and fats, making it a nutritious food. In the recent years, growing consumer shift toward vegetarian and vegan diet has largely influenced the consumption of seitan for its rich protein content and extremely low carbs. Moreover, seitan has relatively neutral taste, allowing it to take on flavors of multiple seasonings very well and blend into any meal. It is also becoming a popular vegan protein option among people who are sensitive and allergic to soy-based products such as tempeh and tofu. Soaring demand for plant-based food products in various regions across the globe is anticipated to translate into the development of seitan market.
Wheaty, Sweet Earth Foods, LIMA, Upton's Naturals, Maya, Vbites Foods Ltd., Morningstar Farms, Meatless B.V., The Nisshin Ollio Group Ltd., MGP Ingredients, Inc., Garden Protein International, Inc., and Amy’s Kitchen, Inc. are among the leading players participating in seitan market.
With emerging trends of veganism, various fast-food restaurants across the globe have been serving dishes including burgers, sandwiches, hotdogs, and tacos made of meat substitutes such as seitan. Growing number of fast-food outlets globally along with increasing use of such substitutes in variety of vegan dishes is considered to be one of the key factors driving seitan market. With rising competition in restaurant or foodservice industry, especially in developed nations, well-established chains as well as regional fast-food outlets are continuously focusing on improving the product quality, menu price, service, and offerings. This in turn is likely to result into a surge in the demand for innovative ingredients such as meat substitutes and subsequently accelerate the growth of seitan market.
Substantial growth of seitan market can also be attributed to escalating vegan population on the account of rising health concerns regarding the consumption of meat products which may lead to obesity couple with disease outbreaks in livestock. Further, increase in the global demand for ready-to-eat foods is identified to be a demand driving determinant for seitan.
While product innovations are readily adopted in the seitan market, rapid penetration of e-commerce business has been encouraging key players to sell their products through online sales channels which will possibly contribute to the revenue maximization of seitan market.
On the basis of product type, the seitan market can be segmented into:
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