Vegan Pasta Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2027
Global Vegan Pasta Market: Overview
The global vegan
pasta market is set to chart a robust growth rate over the forecast
period of 2019 to 2027. Transparency Market Research notes that a number of new
avenues would present themselves over this period, and players would try to
leverage these along with B2C sales channels. A major focus of players in the
market would be to tap into specialty stores for expansion purposes.
It is also
quite pertinent to note here that the trajectory will take a higher curve over
the forecast period owing to a number of prominent factors. One of the most
significant one is increase in number of people moving away from animal-based
products.
Global Vegan Pasta Market: Competitors Landscape
The global
vegan pasta market is witnessing a number of notable developments in its vendor
landscape, which is both fragmented and competitive. Players take several
measures to grow and this is also contributing to growth in the market.
·
Barilla Group
·
Bionaturae LLC.
·
TreeHouse Foods Inc.
·
Windmill Organics
·
Dakota Growers Pasta Co.
·
George DeLallo Company
·
Seggiano, Schnitzer
·
Pastificio Lucio Garofalo S.p.A.
·
MXO Global, Inc. (Tolerant Organics)
Some of the
most commonly used strategies to lay claim to a notable market share include a
mix of organic and inorganic moves such as key alliances and product
development. Technology advancement, innovation, and product portfolio
diversification are quite significant in the global vegan pasta market. Better
products with healthier ingredients are hitting the market every now and then.
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Global Vegan Pasta Market: Key trends and drivers
The global
vegan pasta market is growing steadily at the back of numerous growth factors.
A glimpse into the same is outline below:
·
Moral ethics are also driving consumers away from animal-based
products. As awareness regarding cruelty to animals arises along with a feeling
of wrong done by killing another animal for food, the demand for plant-bases
products is witnessing an upward facing growth curve. Here, it is significant
to note that veganism is also widely promoted by social media influencers such
as A Shooting Star and the Yoga Girl. It is also quite pertinent to note here
that these have hundreds of millions of followers online who are getting
inspired every day.
·
Environmental concerns are driving up demand for vegan products,
food and otherwise. Animal rearing and meat processing industry is known to
impact natural resources like air and water negatively by its heavy consumption
and release of methane. In a day, an average ruminant produces somewhere about
250 to 500 liters of gas. This is set to drive the conscious and aware
millennial populace towards vegan product, helping the global vegan pasta
market grow substantially.
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Global Vegan Pasta Market: Regional Analysis
Regions that
are anticipated to chart an impressive growth over the forecast period stated
above are Europe and North America. It is quite pertinent to note here that
despite being meat eating nations traditionally, the number of people opting
for vegetarianism and veganism is huge and growing each year. In the United
Kingdom, a pre-dominantly meat-eating country, about 150,000 people called
claimed themselves to be vegan in the year 2014 and about 600,000 people
claimed to be vegans in the year 2019. This comes to about 1.16% of the
population in the country. A similar scenario is also noted in the United
States of America. Asia-Pacific will lead market players to new and lucrative
growth opportunities.
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