The Vegan Pasta Market is poised for robust growth from 2023 to 2033, with a remarkable 9.9% compound annual growth rate (CAGR). Starting at a market size of US$ 176 million in 2023, it is projected to nearly triple in value, reaching US$ 421.6 million by 2033. This impressive growth is driven by the increasing adoption of plant-based diets and the continuous innovation in pasta varieties to cater to a growing demand for healthier and sustainable food choices. As consumers become more health-conscious and environmentally aware, the Vegan Pasta Market is positioned to thrive in the coming years, offering a delicious and ethical alternative to traditional pasta options.
Customers demand a healthy diet, lifestyles are changing quickly, it takes less time to manufacture, there are many various types of vegan pasta available, and vegan pasta is thought to be a superior and healthier product, thus the market is growing.
Despite the increased competition brought on by the entry of numerous new competitors, the premium position and high price of vegan pasta may be able to limit market expansion. Misconceptions about vegan products and their health benefits limit the international growth potential of the vegan pasta business.
On the other hand, an increase in vegan food consumers, changes in consumer eating habits towards healthier meals, the use of the internet as a distribution channel, and greater consumer knowledge of vegan products are all contributing to the expansion of the worldwide vegan pasta market. New vegan pasta variations and improved marketing tactics are two additional potential to expand the vegan pasta business globally.
Tap into Market Opportunities and Stay Ahead of Competitors – Get Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-10641
Key Takeaways from Market Study
- The global vegan noodle market is expected to be dominated by China. Vegan foods, vegan ingredients, and vegan noodles are becoming increasingly popular among consumers in the country.
- The growing vegetarian population in India is expected to drive the growth of the vegan pasta market in the coming years.
- As the number of consumers increases in the United States, online retailers make appealing offers such as discounts and free delivery schemes to reduce the hassle of shopping, thereby increasing demand for vegan pasta.
- Brazil remains one of the most prominent vegetarian nations. This is expected to increase market demand for vegan pasta in the country.
- In the United Kingdom, a predominantly meat-eating country, approximately 160,000 people declared themselves vegan in 2017, with an additional 700,000 declaring themselves vegan by 2021. Veganism has grown in popularity over the years, so the market is expected to expand during the forecasted period.
“Pasta, the most popular convenient food, is becoming more popular in the vegan market. Several well-known brands have begun to offer various types of vegan pasta, accelerating the global vegan pasta market’s growth,” says a Future Market Insights analyst.
Competitive Landscape
Key players in the vegan noodles market are focusing their efforts primarily on emerging countries, which offer numerous lucrative opportunities for the vegan noodles market. The major players in the vegan noodles market are constantly introducing new products that are tasty and come in a variety of flavours.
- Barilla acquired Catelli, a Canadian company, in February 2021. The company’s dry pasta plant in Montreal is included in the acquisition (Quebec).
Some of the key players in the vegan noodles market include Cece’s Veggie Co., Nissin Food Products Co. Ltd., Myramen Inc., Dr. McDougall’s Right Foods, Lotus Foods Inc., House Foods America Corporation, Barilla G. e R. F.lli S.p.A, Nongshim America, Inc., and Marzetti Company.
Access the Complete Report Methodology Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-10641
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global vegan pasta market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on category (Fresh, Dried) nature (Organic, Conventional) source (Wheat, Rice, Legumes, Buckwheat, Oats, Others (Fava Beans, Quinoa, etc.)) product (Penne, Spaghetti, Elbows, Fettuccine & Linguine, Filled Pasta, Others (Angel Hair, Farfalle, etc.)) packaging (Boxes, Trays, Packets & Pouches) distribution Channel (Direct (B2B), Indirect (B2C), Hypermarkets/ Supermarkets, Convenience Stores, Discount Stores, Food and Drink Specialty Stores, Independent Small Groceries, E-Commerce (Online Retail)) region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa).
Frequently Asked Questions
- What is the value of vegan pasta market in 2021?
- What is the future growth rate of the vegan pasta market in the forecast period?
- What is the inferred global demand for vegan pasta over the forecast period?
- Who are the prominent players in the global vegan pasta market?
- Which are the countries contributing in the expansion of vegan pasta market?
- At what level does the report reflect pricing analysis?
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube