In 2032, the vegan pasta market is anticipated to be worth USD 176 million. According to Future Market Insights (FMI), the market as a whole is anticipated to increase at a CAGR of 9% from 2022 to 2032, reaching a worth of USD 416.7 Million.
Veganism’s growing popularity, consumers’ preference for a healthy diet, rapidly changing lifestyles, less preparation time, the availability of a diverse range of vegan pasta, and vegan pasta’s status as a high-quality and healthier product all contribute to the market’s expansion.
Despite the fact that competition has increased due to the entry of many new players, the fact that vegan pasta is a premium product with a high price can stifle market growth for vegan pasta. This misunderstanding of vegan products and their health benefits also stifles the global expansion of the vegan pasta market.
The global vegan pasta market, on the other hand, is expanding due to an increase in the number of consumers who prefer vegan food, changes in consumer eating habits toward healthier foods, internet penetration as a distribution channel, and increased awareness about vegan products. In addition, the introduction of new types of vegan pasta, as well as improved marketing strategies, are some of the other opportunities fueling the global vegan pasta market growth.
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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.
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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.
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?
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