The trend of vegan food has witnessed significant traction over the last few years, and manufacturers operating in food and beverage industries are focused on reinventing their products to tap this opportunity for increasing their sales and market presence. Vegan pasta market is one of the beneficiary markets and has gained significant traction as the pasta has already been amongst the most consumed convenience foods, globally. Popular brands including Ronzoni Explore Cuisine, Mueller's and Barilla are focused on offering a variety of vegan pasta, which is pushing the market growth to a greater extent. These brands are prod0omaintly focused on selling their products through Aldi, Walmart, and other retailers. Historically, the growth of the vegan pasta market in developed regions such as North America and Europe witnessed higher growth. However, over the forecast period, developing countries in ASIAN countries are anticipated to showcase ample growth, creating lucrative opportunities for manufacturers.
MARKET DYNAMICS
Shifting eating preference among millennials is anticipated to influence the market growth of the vegan pasta significantly. Vegan pasta is still a premium product. However, increasing consumer awareness towards healthier lifestyles, rising consciousness to attain a healthier diet is expected to increase demand and to reduce fat and cholesterol may foster market share for vegan pasta products. Manufacturers operating in the vegan pasta market are focused on obtaining organic and vegan certification.
MARKET SCOPE
The "Global Vegan Pasta Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vegan pasta with detailed market segmentation by product type, by source, by packaging type and by distribution channel. The global vegan pasta market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vegan pasta market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vegan pasta market is segmented on the product type into penne, spaghetti, elbows, fettuccine and linguine, filled pasta, and others. On the basis of source the vegan pasta market is segmented into wheat, rice, legumes, buckwheat, oats, others. By packaging type the vegan pasta market is segmented into boxes, trays, packets and pouches. Moreover, on the basis of distribution channel, the global vegan pasta is segmented into hypermarkets/supermarkets, convenience stores, discount stores, food and drink, specialty stores, independent small groceries, and e-commerce (online retail).
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global vegan pasta market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vegan pasta market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vegan pasta market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vegan pasta market in these regions.
MARKET PLAYERS
The reports cover key developments in the vegan pasta market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from vegan pasta market are anticipated to lucrative growth opportunities in the future with the rising demand for vegan pasta in the global market. Below mentioned is the list of few companies engaged in the vegan pasta market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vegan pasta market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Barilla Group
- Ebro Foods, Inc.
- TreeHouse Foods Inc.
- Dakota Growers Pasta Company
- De Cecco Company
- Nestlé S.A.
- Delverde Industrie Alimentari S.p.a.
- RFM Corporation
- Grupo La Moderna
- General Mills, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.