Vegan Pasta Market is expected to reach US$ 421.6 Million by 2033, Rising at a 9.9% CAGR: FMI Study
The vegan pasta market is experiencing rapid growth as consumers increasingly seek plant-based alternatives to traditional pasta. This market offers a variety of pasta products made entirely from plant-based ingredients, catering to the growing demand for vegan and vegetarian diets.
NEWARK, Del, Oct. 09, 2023 (GLOBE NEWSWIRE) -- According to Future Market Insights, the vegan pasta market is expected to reach US$ 176 million by 2023. From 2023 to 2033, the market is expected to generate US$ 421.6 million, representing a 9.9% CAGR. With animal-based products becoming more popular, many consumers are becoming increasingly aware of what a detrimental impact they have on the environment, including a higher carbon footprint and the impact they have on the planet.Plant-based pasta is usually made from quinoa, wheat, rice, chickpeas, or lentils. The fiber content, vitamins, and minerals in these ingredients are often higher than in traditional pasta. Individuals seeking to increase their intake of whole foods and decrease processed foods can benefit from vegan pasta. With the increase in allergies and awareness of these foods and their health benefits, the demand for vegan pasta is expected to grow. Consumers often choose them as healthy snacks and breakfast items, which is expected to contribute significantly to the market's growth.
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Most vegan pasta products do not contain common allergens like eggs, dairy, or gluten. This product is suitable for those who adhere to a vegan, vegetarian, or gluten-free diet. Incorporating vegan pasta into the culinary landscape has inspired new recipes and flavor combinations. It gives diners an opportunity to experience a variety of food styles from different cultural backgrounds and dietary preferences, enriching their overall dining experience. As a result, vegan pasta is expected to become more popular in the coming years.
With a growing global population, sustainable food sources are becoming increasingly important. In addition to being more efficient than animal-based alternatives, plant-based foods, such as vegan pasta, can contribute to global food security. Vegan lifestyles are becoming increasingly popular over recent years as more and more people are seeking to avoid contributing to animal exploitation and suffering for ethical reasons. The vegan pasta is a great way for individuals to adhere to their ethical principles while eating.
*Key Takeaways from the Market Study*
· According to the report, vegan pasta market demand increased at a CAGR of 9% from 2018 to 2022.
· The United States is expected to be the most promising market for vegan pasta, capturing 15% of the market share in coming years.
· The vegan pasta industry is experiencing a notable surge, with revenues expected to reach US$ 421 million by 2033.
· The China market is expected to exhibit a CAGR of 5.7% from 2023 to 2033.
· German vegan pasta demand is estimated to exhibit a CAGR of 4.9% over the forecast period.
· Vegan pasta is expected to exhibit a CAGR of 4.7% in the United Kingdom market.
“The increasing prevalence of vegan food consumption amid growing animal cruelty concerns are driving demand for vegan pasta in various regions,” *remarks* *Nandini Roy Choudhury*, Client Partner at Future Market Insights.
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*Competitive Landscape*
Globally, vegan pasta is largely dominated by large international companies and local suppliers. Various pasta flavors are offered by food and beverage manufacturers to meet consumers' diverse taste preferences. Vegan pasta, organics, and natural food products are offered by the company to meet the demands of vegan food manufacturers. In addition to providing vegan pasta, vegan pasta producers operate small operations and export a greater number of products.
· In October 2022, Nuovo Pasta, announced the Plant-Based Vegan collection, a vegan pasta collection full of decadent flavors. Continuing a century-old tradition of innovation, Nuovo creates award-winning pasta from scratch in the United States*Key Companies Profiles in the Vegan Pasta Market*
· Barilla Group
· De Cecco Company
· Nestlé S.A.
· Delverde Industrie Alimentari S.p.a.
· RFM Corporation
· Grupo La Moderna
· General Mills, Inc.
· Pastas Gallo Company
· Bionaturae LLC.
· Windmill Organics
*Know More about What the Vegan Pasta Market Report Covers*
Future Market Insights offers an unbiased analysis of the global vegan pasta market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the vegan pasta market, the market is segmented based on category, nature, source, product, packaging, and sales channel industry type across six major regions.
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*Vegan Pasta Market Segmentation*
By Category:
· Fresh
· Dried
By Nature:
· Organic
· Conventional
By Source:
· Wheat
· Rice
· Legumes
· Buckwheat
· Oats
· Other Sources
By Product:
· Penne
· Spaghetti
· Elbows
· Fettuccine & Linguine
· Filled Pasta
· Other Products
By Packaging:
· Boxes
· Trays
· Packets & PouchesBy Sales Channel:
· Offline Sales Channel
· Supermarkets/Hypermarkets
· Departmental Stores
· Convenience Store
· Other Sales Channel
· Online Sales Channel
· Company Website
· E-commerce Platform
By Region:
· North America
· Latin America
· Western Europe
· Eastern Europe
· South Asia & Pacific
· East Asia
· Middle East & Africa*About the Food & Beverage Division at Future Market Insights*
The food & beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
*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.
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· The gluten-free pasta market size is projected to be valued at US$ 11,687.0 million in 2023 and is expected to rise to US$ 18,046.5 million by 2033.
· The global canned pasta market size is expected to reach a valuation of US$ 1,282.6 million by 2023. It is projected to accelerate at a CAGR of 4.7% during 2023 to 2033.
· The global vegan pasta sauce market is expected to be valued at US$ 45 Million in 2023 and to reach a valuation of US$ 97.7 Million by 2033.
· The vegan casing market share is valued at US$ 2.2 Billion in 2022 and is projected to grow at a CAGR of 7.3% during the forecast period to reach a value of US$ 4.4 Billion by 2032.
· The vegan flavor market is estimated to be valued at US$ 9,021 million in 2023 and is projected to grow at a CAGR of 4.8% from 2023 to 2033 to reach a value of US$ 14,406.1 million.*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.
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