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Vegan Pasta Market Type (Penne, Spaghetti, Elbows, Fettuccine & Linguine, Filled Pasta, Others) Nature (Organic, Conventional ) Category (Dried, Fresh) Source (Wheat, Rice, Legumes, Buckwheat, Oats, Others) Packaging (Boxes, Packets, Tray, Pouches, Others) Distribution Channel (Hypermarkets/ Supermarkets, Convenience Stores, Specialty Stores, Independent Small Groceries, E-Commerce, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Sep 2020 | 156 Views
 
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Vegan is a type of vegetarian diet that provides nutrition without the use of animal products and their end products such as eggs, milk, cheese, fat, meat, stock, caviar, and roe. The vegan diet excludes eggs, meat, dairy, and all other animal-derived products such as collagen, honey, and gelatin. Consumption of vegan food has many potential benefits such as low cholesterol level, anxiety & stress-inducing hormones such as cortisol and adrenaline, and insulin. This is changing consumer perception toward animal-derived products and further fueling the growth of the vegan food market. 

 

The trend of veganism has gained traction over the past few years, manufacturers of food & beverage industries are focusing on tapping this opportunity to increase their sales, by reinventing their product. Pasta being the most preferred convenient food is also gaining traction in its vegan segment. Several popular brands have started offering various types of vegan pasta, boosting the growth of the global vegan pasta market further. Initially, the growth of vegan pasta was high in developed regions like North America and Europe. But now, developing countries have also started to show ample lucrative opportunities. The brands are selling their vegan pasta at the all-vegan section of retail stores like Costco, Whole Foods, and Walmart. Also, certifications on the labels of food products help the consumers to get an insight about the product being vegan. Although the vegan pasta market is at its infancy stage, still vegan pasta market is expected to see growth during the forecast period.

Market scope and structure analysis:

                  Report Metric

                                                 Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

Product, Type, Nature, Category, Source, Packaging, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Barilla Group, Windmill Organics, Plamil Foods, Sweet Earth, Eden Food, Dakota Growers Pasta Co., Archer Daniels Midland, Amy’s Kitchen, TreeHouse Foods Inc., Daiya Foods, Bionaturae LLC, Schnitzer, and Pastificio Lucio Garofalo S.p.A.

 

COVID-19 Scenario Analysis: 

  • It is predicted that the COVID-19 outbreak will benefit the vegan industry.
  • Due to an increase in veganism, there is an expected rise in the demand for plant-based food items.
  • People are motivated to move away from meat due to diseases driven by animal-based products. 
  • Due to the health benefits of the vegan diet, especially its capability to boost the immunity will drive the consumers towards the consumption of vegan products, in the COVID-19 pandemic situation.
  • But, disruption in the supply chain is still a major challenge, faced during COVID-19, by the suppliers.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rise in trend of veganism, rapidly changing lifestyle, consumers' inclination toward a healthy diet, availability of a wide range of vegan pasta, less preparation time, and vegan pasta being high quality and healthier product stimulate the growth of the vegan pasta market. 

Although increase in competition due to the entrance of many players, vegan pasta being a premium product with a high price can hamper the market growth for the vegan pasta. Along with this lack of awareness regarding vegan products and their health benefits also slows down the growth of the vegan pasta market, globally. 

However, an increase in number of consumers who are preferring vegan food, changes in eating behavior of consumers toward healthier food, penetration of internet as a distribution channel, and rise in awareness about vegan products propel the growth of the global vegan pasta market. In addition, innovation in vegan food products, the advent of new different types of pasta in the vegan segment, and improved marketing strategies are few other opportunities that drive the global vegan pasta market growth.

Key Segments Covered:

                 Segments

                                Sub-segments

  Type

  • Penne
  • Spaghetti
  • Elbows
  • Fettuccine & Linguine
  • Filled Pasta
  • Others

  Nature

  • Organic
  • Conventional

  Category

  • Dried
  • Fresh

  Source

  • Wheat
  • Rice
  • Legumes
  • Buckwheat
  • Oats
  • Others

  Packaging

  • Boxes
  • Packets
  • Tray
  • Pouches
  • Others

  Distribution Channel

  • Hypermarkets/ Supermarkets,
  • Convenience Stores
  • Specialty Stores
  • Independent Small Groceries
  • E-Commerce
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global vegan pasta industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global vegan pasta market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global vegan pasta market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global vegan pasta market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Vegan Pasta Market Research Report:

  • What are the leading market players active in the vegan pasta market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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