The increasing trend of veganism all over the world drives the vegan pasta market

From digitaljournal.com

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the vegan pasta market is estimated to reach a value of USD 416.7 Mn by 2032, surging at 9% CAGR through the decade.

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 fuelling the global vegan pasta market growth.

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.

https://www.digitaljournal.com/pr/the-increasing-trend-of-veganism-all-over-the-world-drives-the-vegan-pasta-market-future-market-insights-study