Vegan Pasta Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Vegan Pasta Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : August, 2020 | Food and Beverages | PPT format

Report Digest

Global Vegan Pasta Market: Overview

The global vegan pasta market is all set to gain stupendous amount in revenues on the back of rising trend of veganism. Vegan pasta is gaining traction among the worldwide population owing to its ability to minimize the health-related issues. The report performs the segmentation of the global vegan pasta market on the basis of product type, distribution channels, and region. Broadly, the vegan pasta market is segmented into fresh vegan pasta and dried vegan pasta on the basis of product type. Major distribution channels of the vegan pasta market are online channels, supermarkets, hypermarkets, and others.

Global Vegan Pasta Market: Growth Dynamics

The world is witnessing significant increase in various diseases such as obesity and heart-related diseases. As a result, numerous people from all across the world have changed their lifestyle together with eating habits. In recent period, there is increased awareness about the overall health among people living in all worldwide locations. People are inclined toward eating healthy food products. A wide range of population from all across the world is inclined toward the consumption of plant-based and gluten-free food products. This factor is helping in increasing the sales of the products from the global vegan pasta market.

Vendors working in the global vegan pasta market are focused on increasing the nutritional values of the products they offer. To achieve this target, they are innovating their products. One of such efforts is incorporating lentils in manufacturing vegan pasta. Red, green, and black lentils are known to have high nutritional values such as protein, fiber, iron, calcium, and vitamin b6. Thus, the inclusion of lentils in the manufacturing is working as a driver for the global vegan pasta market.

Global Vegan Pasta Market: Competitive Analysis

The global vegan pasta market is moderately fragmented in nature. Presence of many active players in the market connotes that the competitive landscape of the market for vegan pasta is highly intense. To deal with this scenario, players working in the market are executing various strategic moves. Some market players are strengthening their production capabilities. As a result, the market for vegan pasta is witnessing stupendous growth avenues.

Several vendors are focused on launching innovative products to attract the new customer base while maintaining the existing ones. Many enterprises are growing investment on marketing their products. All these moves are expected to drive the growth of the global vegan pasta market.

The list of important players in the global vegan pasta market includes:

  • Pastificio Lucio Garofalo S.p.A.
  • Seggiano
  • Barilla Group
  • TreeHouse Foods Inc.
  • Windmill Organics
  • George DeLallo Company
  • MXO Global, Inc. (Tolerant Organics)
  • Schnitzer
  • Bionaturae LLC
  • Dakota Growers Pasta Co.

Global Vegan Pasta Market: Regional Assessment

The global vegan pasta market is spread across five key regions, namely, North America, South America, Europe, Asia Pacific, and Middle East and Africa. Among the important regions, Europe seems to be one of the dominating the market for vegan pasta in recent years. One of the key reasons for this growth is increased inclination of people living in this region toward consuming plant-based food products. As a result, the vegan pasta market is predicted to show two-fold growth in the upcoming period. Vegan pasta is gaining popularity in North America as well.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.