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Key Factors Shaping the Vegan Pasta Market<br>Growing Popularity of Vegan Pasta among Millennials<br>Vegan pasta has gained considerable traction in the past few years, and is still a premium product. But, due to the rise in the shift of eating patterns among millennials and more and more consumers becoming vegan or flexitarians, the demand for vegan pasta is expected to increase in the years ahead. However, most of the older population still prefers traditional pasta to other variations that are available in the market.<br>Presence of Specialty Vegan Stores<br>Consumers get to know if a product is vegan or not from certifications that are available on the label of the product. Consumers while buying vegan pasta in a regular hypermarkets or supermarkets have to look through products extensively. However, there has been a rise in the launch of specialty stores that only sell an extensive range of vegan products.<br>This trend is observed more in the U.S. and Australia. This is expected to increase the demand for vegan pasta in these regions. The changing demand of consumers has prompted the hypermarkets and supermarkets in these regions to open a separate aisle for vegan products.<br>Developed Regions Remain the Largest Markets for Vegan Pasta, Followed by Oceania<br>Pasta consumption is very high across the globe. But the changing trends and rising health-conscious consumers have led manufacturers to launch products such as vegan pasta catering to consumersu2019 demand. Vegan pasta is quite popular among consumers in North America and Europe.<br>Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10641<br>This is because consumers here are well aware of product such as vegan pasta that are available in the market and the new product launches and are willing to buy products at premium prices as well. The penetration of vegan pasta is relatively less in Oceania. However, the scenario may change in the coming years with emergence of Australia as the third largest vegan product consuming countries in the world, opening a wide window of opportunities for the market players.<br>Reports suggest that the production of vegan products in Europe is witnessing a two-fold growth, with the UK topping the list, replacing Germany. About a fourth of consumers in Canada are shifting towards a vegan diet. The demand for plant-based consumables in the US is significantly increasing - ~30% in 2018 u2013 a staunch indicator for vegan pasta producers.<br>The certifications available on the label of food products provide insights to the consumers regarding vegan or meat-based. Conventional supermarkets incorporate a broad array of food products, making consumers look thoroughly before purchasing the food items. Specialty stores in countries, including the US, are being launched strictly offering a wide range of vegan consumables. As such, manufacturers of vegan pasta set their focus on penetrating into specialty stores.<br>Stakeholders Leverage B2C Sales Channel and Specialty Stores for Expanded Footprint<br>Recent surveys find that consumers believe that vegan food items are overpriced, or various food outlets offer limited vegan servings. Citing the opportunity, market forces are targeting the distribution of vegan pasta via indirect sales channel u2013 business to consumer u2013 to achieve an expanded consumer base.<br>With specialty stores snowballing in developed countries, vegan pasta makers are walking the extra mile to sell the offerings through specialty stores comprehensively. The movement of plant-based consumables is intensifying in countries including the UK, the US, and Australia u2013 a factor driving competitors to channelize vegan pasta to these regions.<br>Key Segment<br>Category<br>Fresh<br>Dried<br>Nature<br>Organic<br>Conventional<br>Source<br>Wheat<br>Rice<br>Legumes<br>Buckwheat<br>Oats<br>Others (Fava Beans, Quinoa, etc.)<br>Product<br>Penne<br>Spaghetti<br>Elbows<br>Fettuccine & Linguine<br>Filled Pasta<br>Others (Angel Hair, Farfalle, etc.)<br>Packaging<br>Boxes<br>Trays<br>Packets & Pouches<br>Distribution Channel<br>Direct (B2B)<br>Indirect (B2C)<br>Hypermarkets/ Supermarkets<br>Convenience Stores<br>Discount Stores<br>Food and Drink Specialty Stores<br>Independent Small Groceries<br>E-Commerce (Online Retail)<br>To Buy This Research Report @ https://www.futuremarketinsights.com/checkout/10641<br>Region<br>North America<br>Latin America<br>Europe<br>East Asia<br>South Asia<br>Oceania<br>Middle East and Africa<br>ABOUT US:<br>Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.<br>FMIu2019s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.<br>CONTACT US:<br>Mr. Abhishek Budholiya<br>Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,<br>Jumeirah Lakes Towers, Dubai,<br>United Arab Emirates<br>MARKET ACCESS DMCC Initiative<br>For Sales Enquiries: sales@futuremarketinsights.com <br>For Media Enquiries: press@futuremarketinsights.com<br><br><br>
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Vegan Pasta Market www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved October 2020 Report Id : REP-GB-10641 Published On : 2019-10-17 Category : Food and Beverages
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Research Methodology (1/2) Research & Intelligence Data Collection Actionable Insights Data Filter & Analysis Business Solution 1 Market profiling 2 Formulating discussion guide • Identifying key opinion leaders • Questionnaire design • In-depth interviews • Coverage across value chain 3 A Developing list of respondents • Key industry experts • Channel study • Developments • Market dynamics • Products • Conclusions Primary Research 4 SOLUTION Data collection • Market participants • Key strengths • Product portfolio • Mapping as per value chain • Key focus segments B 5 Desk Research Data validation 6 C Data analysis Primary Research # • Secondary Research # • Paid Publications# Company Analysis • Linkedin • Zoominfo • Salesforce • Avention • Company websites • Company annual reports • White papers • Financial reports • Factiva • GBI • Genios • Meltwater 7 Insights Systematic Research Approach # includes sources of databases
Vegan Pasta Market Analysis Key Factors Shaping the Vegan Pasta Market Growing Popularity of Vegan Pasta among Millennials Vegan pasta has gained considerable traction in the past few years, and is still a premium product. But, due to the rise in the shift of eating patterns among millennials and more and more consumers becoming vegan or flexitarians, the demand for vegan pasta is expected to increase in the years ahead. However, most of the older population still prefers traditional pasta to other variations that are available in the market. Presence of Specialty Vegan Stores Consumers get to know if a product is vegan or not from certifications that are available on the label of the product. Consumers while buying vegan pasta in a regular hypermarkets or supermarkets have to look through products extensively. However, there has been a rise in the launch of specialty stores that only sell an extensive range of vegan products. This trend is observed more in the U.S. and Australia. This is expected to increase the demand for vegan pasta in these regions. The changing demand of consumers has prompted the hypermarkets and supermarkets in these regions to open a separate aisle for vegan products. Developed Regions Remain the Largest Markets for Vegan Pasta, Followed by Oceania Pasta consumption is very high across the globe. But the changing trends and rising health-conscious consumers have led manufacturers to launch products such as vegan pasta catering to consumers’ demand. Vegan pasta is quite popular among consumers in North America and Europe. Sample of Research Report @https://www.futuremarketinsights.com/reports/sample/rep-gb-10641
Vegan Pasta Market Analysis This is because consumers here are well aware of product such as vegan pasta that are available in the market and the new product launches and are willing to buy products at premium prices as well. The penetration of vegan pasta is relatively less in Oceania. However, the scenario may change in the coming years with emergence of Australia as the third largest vegan product consuming countries in the world, opening a wide window of opportunities for the market players. Reports suggest that the production of vegan products in Europe is witnessing a two-fold growth, with the UK topping the list, replacing Germany. About a fourth of consumers in Canada are shifting towards a vegan diet. The demand for plant-based consumables in the US is significantly increasing - ~30% in 2018 – a staunch indicator for vegan pasta producers. The certifications available on the label of food products provide insights to the consumers regarding vegan or meat-based. Conventional supermarkets incorporate a broad array of food products, making consumers look thoroughly before purchasing the food items. Specialty stores in countries, including the US, are being launched strictly offering a wide range of vegan consumables. As such, manufacturers of vegan pasta set their focus on penetrating into specialty stores. Stakeholders Leverage B2C Sales Channel and Specialty Stores for Expanded Footprint Recent surveys find that consumers believe that vegan food items are overpriced, or various food outlets offer limited vegan servings. Citing the opportunity, market forces are targeting the distribution of vegan pasta via indirect sales channel – business to consumer – to achieve an expanded consumer base.
Vegan Pasta Market Analysis With specialty stores snowballing in developed countries, vegan pasta makers are walking the extra mile to sell the offerings through specialty stores comprehensively. The movement of plant-based consumables is intensifying in countries including the UK, the US, and Australia – a factor driving competitors to channelize vegan pasta to these regions. Key Segment Category Fresh Dried Nature Organic Conventional Source Wheat Rice Legumes Buckwheat Oats
Vegan Pasta Market Analysis 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
Vegan Pasta Market Analysis Food and Drink Specialty Stores Independent Small Groceries E-Commerce (Online Retail) To Buy This Research Report @https://www.futuremarketinsights.com/checkout/10641 Region North America Latin America Europe East Asia South Asia Oceania Middle East and Africa
Vegan Pasta Market Analysis ABOUT US: Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers. For more insights on the Vegan Pasta Market,you can request a report sample with full TOC
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