After the most recent Seitan Market Analysis report from Future Market Insights, a provider of market research and competitive intelligence, estimates seitan sales to be worth nearly $106.9 million by 2032, growing at a CAGR of 4.8% over the decade.
Seitan flour has a very neutral flavor, which allows it to absorb the essences of a variety of spices and integrate seamlessly into any meal. Due to its high protein content and low carbohydrate content, the demand for seitan in recent years has been mainly influenced by the growing trend of consumers towards vegetarian and vegan diets.
Soy-free seitan is also a popular vegan protein choice for those sensitive or allergic to soy-based goods like tempeh and tofu. However, it is predicted that the global seitan market will grow in response to the growing demand for plant-based foods in different parts of the world.
The proliferation of e-commerce websites and the ready availability of whole foods seitan via an increasing number of online retail channels are expected to propel the global seitan market. Other factors such as B. Large promotional events by athletes and celebrities to promote the consumption of vegetarian products to maintain a healthy lifestyle are likely to further increase the market opportunities for seitan in the coming days.
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To be competitive in this business, the major players of Seitan market offer variety of options based on service, pricing, commodity, location and quality. For example, Sonic Drive-Throughout, Wendy’s and Burger King have expanded their vegan fast-food businesses in Mexico, Thailand, China, South Korea, India, the United States, Turkey, Brazil and Australia.
Important insights from the market study
- North America is expected to have a 38% market share for seitan.
- Only the US holds 65% seitan market share in the North American market.
- Europe is expected to have a market share of 31% seitan.
- Germany alone holds 22%…