Vegan Pasta Market Key Findings by 2031
The vegan pasta market is expected to register a CAGR of 8% during 2023–2031. Increasing trend of health snacking and better-for-you products is likely to remain key market trends.
Vegan Pasta Market Analysis:
- The vegan pasta market has grown at a great pace and reached an impressive level, following the growing demand for plant-based and cruelty-free food and the increase in the vegan population, because of a greater concern for health and the environment.
- One of the main factors that is encouraging market growth is the gradual inclination of online stores and supermarkets to bring in vegan pasta, aside from their traditional counterparts. The online retailing sector has also served as the pivot in reaching out to the consumer segments.
- The market has a large number of emerging and established key players that intensify competition. As the market is expanding, many manufacturers of both traditional and vegan pasta are innovating to achieve production at lower costs without compromising on product quality.
Vegan Pasta Market Overview
- The development of veganism is influencing the expansion of the vegan pasta market. Veganism is a dietary style that avoids consuming any animal products.
- Rising consciousness about animal ethics and environmental sustainability has made many people embrace veganism. This has resulted in a high demand for vegan food, including vegan pasta.
- Health-conscious consumers are beginning to turn to vegan products, particularly among the new generation, to enhance their well-being. Vegan diets are often associated with lower cholesterol levels, reduced incidence of chronic diseases, and increased intake of essential nutrients. Vegan pasta made from legumes, whole grains, and vegetables fits in perfectly with this newly emerging consumer demand.
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Vegan Pasta Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Vegan Pasta Market: Strategic Insights
Shejal
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Vegan Pasta Market Drivers and Opportunities
Rising Demand for Plant-Based Products
- A key factor contributing to the vegan pasta market is people’s rising inclination towards staying healthy. Plant-based diets are becoming more and more popular among consumers seeking a healthy lifestyle. Being made primarily from wholegrain legumes, vegetables, or wholegrain flour, vegan pasta are excellent source of wholesome carbs and nutrients.
- Consumers increasingly prefer vegan pasta due to concerns related to animal welfare and sustainable consumption. Vegan pasta can satisfy consumers′ values. For instance, consumers can enjoy vegan pasta due to their commitment to vegetarianism. By selecting vegan dishes, consumers can avoid the consumption of animal products and reduce carbon footprints.
Opportunities
Inclination of Younger Population Towards Vegan-Friendly Products
- The increasing popularity of veganism, especially among younger generations, and the growing awareness of the negative impacts of the livestock industry on animals and the environment is boosting vegan pasta demand among the younger generation.
- Companies can develop innovative and high-quality vegan pasta and establish their brand image in the market using various marketing strategies. The online retailing channel can play a vital role in market expansion and provide their brand product to more consumers within minimum possible cost. These factors can help achieve economies of scale opening new opportunities in the market in the future.
Vegan Pasta Market Segmentation
The scope of the global vegan pasta market has been segmented on the based-on source, category, and distribution channel.
- Based on source, the vegan pasta market is divided into wheat, chickpea, lentils and beans, and others.
- based on category, the market is divided into organic and conventional.
- Based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others
Vegan Pasta Market Share Analysis by Geography
- Vegan Pasta Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering vegan pasta market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the vegan pasta market in these regions.
Vegan Pasta Market Report Scope
Vegan Pasta Market News and Recent Developments:
The vegan pasta market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- Nuovo Pasta, the world's leading artisan pasta manufacturer, is proud to announce the Plant-Based Vegan collection, another decadent creation to satisfy your pasta cravings now 100% vegan. Nuovo has created award-winning pasta made fresh in the USA following a time-honored tradition of innovation. Each handmade style tortellini, filled with the perfect combination of chef-crafted ingredients and non-dairy artisan (plant-based) cheeses is sure to delight. This amazing and unique vegan pasta is made from Italy's ancient grain Kamut. (Source – Nuovo Pasta, Newsletters, Oct 2022)
- The Kraft Heinz Not Company LLC (“The Kraft Heinz Not Company”) launched KRAFT NotMac&Cheese, the first-ever, plant-based KRAFT Mac & Cheese in the United States. KRAFT NotMac&Cheese is the third innovation to launch in a year from The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) and TheNotCompany, Inc. (“NotCo”) joint venture, which aims to create mouthwatering, plant-based foods for all. (Source – The Kraft Heinz Company, Press Release, November 2023)
Vegan Pasta Market Report Coverage and Deliverables
The “Vegan Pasta Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
- Vegan Pasta market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Vegan Pasta market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Vegan Pasta market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the vegan pasta market.
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/Word format, we can also share an Excel data sheet based on request.
The Only Bean, MXO Global Inc., Banza LLC, Barilla, Explore Cuisine, Food Directions Inc., Modern Table, Free to Eat Inc., Bonsan, and Seggiano, are among the leading players operating in the vegan pasta market.
Rising veganism and preference for plant-based food are driving the vegan pasta market growth.
Rising demand for better-for-you pasta is likely to remain the key trend in the market.
The global vegan pasta market is estimated to grow above 8% during the forecast period 2024-2031.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vegan Pasta Market - By Product Type
1.3.2 Vegan Pasta Market - By Source
1.3.3 Vegan Pasta Market - By Packaging Type
1.3.4 Vegan Pasta Market - By Distribution Channel
1.3.5 Vegan Pasta Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VEGAN PASTA MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VEGAN PASTA MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. VEGAN PASTA MARKET - GLOBAL MARKET ANALYSIS
6.1. VEGAN PASTA - GLOBAL MARKET OVERVIEW
6.2. VEGAN PASTA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VEGAN PASTA MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. PENNE, SPAGHETTI, ELBOWS, FETTUCCINE AND LINGUINE, FILLED PASTA, OTHERS
7.3.1. Overview
7.3.2. Penne, Spaghetti, Elbows, Fettuccine and Linguine, Filled Pasta, Others Market Forecast and Analysis
8. VEGAN PASTA MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
8.1. OVERVIEW
8.2. SOURCE MARKET FORECASTS AND ANALYSIS
8.3. WHEAT, RICE, LEGUMES, BUCKWHEAT, OATS, OTHERS
8.3.1. Overview
8.3.2. Wheat, Rice, Legumes, Buckwheat, Oats, Others Market Forecast and Analysis
9. VEGAN PASTA MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
9.1. OVERVIEW
9.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
9.3. BOXES, TRAYS, PACKETS AND POUCHES
9.3.1. Overview
9.3.2. Boxes, Trays, Packets and Pouches Market Forecast and Analysis
10. VEGAN PASTA MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. HYPERMARKETS/SUPERMARKETS, CONVENIENCE STORES, DISCOUNT STORES, FOOD AND DRINK SPECIALTY STORES, INDEPENDENT SMALL GROCERIES, E-COMMERCE (ONLINE RETAIL)
10.3.1. Overview
10.3.2. Hypermarkets/Supermarkets, Convenience Stores, Discount Stores, Food and Drink Specialty Stores, Independent Small Groceries, E-Commerce (Online Retail) Market Forecast and Analysis
11. VEGAN PASTA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Vegan Pasta Market Overview
11.1.2 North America Vegan Pasta Market Forecasts and Analysis
11.1.3 North America Vegan Pasta Market Forecasts and Analysis - By Product Type
11.1.4 North America Vegan Pasta Market Forecasts and Analysis - By Source
11.1.5 North America Vegan Pasta Market Forecasts and Analysis - By Packaging Type
11.1.6 North America Vegan Pasta Market Forecasts and Analysis - By Distribution Channel
11.1.7 North America Vegan Pasta Market Forecasts and Analysis - By Countries
11.1.7.1 United States Vegan Pasta Market
11.1.7.1.1 United States Vegan Pasta Market by Product Type
11.1.7.1.2 United States Vegan Pasta Market by Source
11.1.7.1.3 United States Vegan Pasta Market by Packaging Type
11.1.7.1.4 United States Vegan Pasta Market by Distribution Channel
11.1.7.2 Canada Vegan Pasta Market
11.1.7.2.1 Canada Vegan Pasta Market by Product Type
11.1.7.2.2 Canada Vegan Pasta Market by Source
11.1.7.2.3 Canada Vegan Pasta Market by Packaging Type
11.1.7.2.4 Canada Vegan Pasta Market by Distribution Channel
11.1.7.3 Mexico Vegan Pasta Market
11.1.7.3.1 Mexico Vegan Pasta Market by Product Type
11.1.7.3.2 Mexico Vegan Pasta Market by Source
11.1.7.3.3 Mexico Vegan Pasta Market by Packaging Type
11.1.7.3.4 Mexico Vegan Pasta Market by Distribution Channel
11.2. EUROPE
11.2.1 Europe Vegan Pasta Market Overview
11.2.2 Europe Vegan Pasta Market Forecasts and Analysis
11.2.3 Europe Vegan Pasta Market Forecasts and Analysis - By Product Type
11.2.4 Europe Vegan Pasta Market Forecasts and Analysis - By Source
11.2.5 Europe Vegan Pasta Market Forecasts and Analysis - By Packaging Type
11.2.6 Europe Vegan Pasta Market Forecasts and Analysis - By Distribution Channel
11.2.7 Europe Vegan Pasta Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Vegan Pasta Market
11.2.7.1.1 Germany Vegan Pasta Market by Product Type
11.2.7.1.2 Germany Vegan Pasta Market by Source
11.2.7.1.3 Germany Vegan Pasta Market by Packaging Type
11.2.7.1.4 Germany Vegan Pasta Market by Distribution Channel
11.2.7.2 France Vegan Pasta Market
11.2.7.2.1 France Vegan Pasta Market by Product Type
11.2.7.2.2 France Vegan Pasta Market by Source
11.2.7.2.3 France Vegan Pasta Market by Packaging Type
11.2.7.2.4 France Vegan Pasta Market by Distribution Channel
11.2.7.3 Italy Vegan Pasta Market
11.2.7.3.1 Italy Vegan Pasta Market by Product Type
11.2.7.3.2 Italy Vegan Pasta Market by Source
11.2.7.3.3 Italy Vegan Pasta Market by Packaging Type
11.2.7.3.4 Italy Vegan Pasta Market by Distribution Channel
11.2.7.4 Spain Vegan Pasta Market
11.2.7.4.1 Spain Vegan Pasta Market by Product Type
11.2.7.4.2 Spain Vegan Pasta Market by Source
11.2.7.4.3 Spain Vegan Pasta Market by Packaging Type
11.2.7.4.4 Spain Vegan Pasta Market by Distribution Channel
11.2.7.5 United Kingdom Vegan Pasta Market
11.2.7.5.1 United Kingdom Vegan Pasta Market by Product Type
11.2.7.5.2 United Kingdom Vegan Pasta Market by Source
11.2.7.5.3 United Kingdom Vegan Pasta Market by Packaging Type
11.2.7.5.4 United Kingdom Vegan Pasta Market by Distribution Channel
11.2.7.6 Russia Vegan Pasta Market
11.2.7.6.1 Russia Vegan Pasta Market by Product Type
11.2.7.6.2 Russia Vegan Pasta Market by Source
11.2.7.6.3 Russia Vegan Pasta Market by Packaging Type
11.2.7.6.4 Russia Vegan Pasta Market by Distribution Channel
11.2.7.7 Rest of Europe Vegan Pasta Market
11.2.7.7.1 Rest of Europe Vegan Pasta Market by Product Type
11.2.7.7.2 Rest of Europe Vegan Pasta Market by Source
11.2.7.7.3 Rest of Europe Vegan Pasta Market by Packaging Type
11.2.7.7.4 Rest of Europe Vegan Pasta Market by Distribution Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Vegan Pasta Market Overview
11.3.2 Asia-Pacific Vegan Pasta Market Forecasts and Analysis
11.3.3 Asia-Pacific Vegan Pasta Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Vegan Pasta Market Forecasts and Analysis - By Source
11.3.5 Asia-Pacific Vegan Pasta Market Forecasts and Analysis - By Packaging Type
11.3.6 Asia-Pacific Vegan Pasta Market Forecasts and Analysis - By Distribution Channel
11.3.7 Asia-Pacific Vegan Pasta Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Vegan Pasta Market
11.3.7.1.1 Australia Vegan Pasta Market by Product Type
11.3.7.1.2 Australia Vegan Pasta Market by Source
11.3.7.1.3 Australia Vegan Pasta Market by Packaging Type
11.3.7.1.4 Australia Vegan Pasta Market by Distribution Channel
11.3.7.2 China Vegan Pasta Market
11.3.7.2.1 China Vegan Pasta Market by Product Type
11.3.7.2.2 China Vegan Pasta Market by Source
11.3.7.2.3 China Vegan Pasta Market by Packaging Type
11.3.7.2.4 China Vegan Pasta Market by Distribution Channel
11.3.7.3 India Vegan Pasta Market
11.3.7.3.1 India Vegan Pasta Market by Product Type
11.3.7.3.2 India Vegan Pasta Market by Source
11.3.7.3.3 India Vegan Pasta Market by Packaging Type
11.3.7.3.4 India Vegan Pasta Market by Distribution Channel
11.3.7.4 Japan Vegan Pasta Market
11.3.7.4.1 Japan Vegan Pasta Market by Product Type
11.3.7.4.2 Japan Vegan Pasta Market by Source
11.3.7.4.3 Japan Vegan Pasta Market by Packaging Type
11.3.7.4.4 Japan Vegan Pasta Market by Distribution Channel
11.3.7.5 Rest of Asia-Pacific Vegan Pasta Market
11.3.7.5.1 Rest of Asia-Pacific Vegan Pasta Market by Product Type
11.3.7.5.2 Rest of Asia-Pacific Vegan Pasta Market by Source
11.3.7.5.3 Rest of Asia-Pacific Vegan Pasta Market by Packaging Type
11.3.7.5.4 Rest of Asia-Pacific Vegan Pasta Market by Distribution Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Vegan Pasta Market Overview
11.4.2 Middle East and Africa Vegan Pasta Market Forecasts and Analysis
11.4.3 Middle East and Africa Vegan Pasta Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Vegan Pasta Market Forecasts and Analysis - By Source
11.4.5 Middle East and Africa Vegan Pasta Market Forecasts and Analysis - By Packaging Type
11.4.6 Middle East and Africa Vegan Pasta Market Forecasts and Analysis - By Distribution Channel
11.4.7 Middle East and Africa Vegan Pasta Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Vegan Pasta Market
11.4.7.1.1 South Africa Vegan Pasta Market by Product Type
11.4.7.1.2 South Africa Vegan Pasta Market by Source
11.4.7.1.3 South Africa Vegan Pasta Market by Packaging Type
11.4.7.1.4 South Africa Vegan Pasta Market by Distribution Channel
11.4.7.2 U.A.E Vegan Pasta Market
11.4.7.2.1 U.A.E Vegan Pasta Market by Product Type
11.4.7.2.2 U.A.E Vegan Pasta Market by Source
11.4.7.2.3 U.A.E Vegan Pasta Market by Packaging Type
11.4.7.2.4 U.A.E Vegan Pasta Market by Distribution Channel
11.4.7.3 Iran Vegan Pasta Market
11.4.7.3.1 Iran Vegan Pasta Market by Product Type
11.4.7.3.2 Iran Vegan Pasta Market by Source
11.4.7.3.3 Iran Vegan Pasta Market by Packaging Type
11.4.7.3.4 Iran Vegan Pasta Market by Distribution Channel
11.4.7.4 Rest of Middle East and Africa Vegan Pasta Market
11.4.7.4.1 Rest of Middle East and Africa Vegan Pasta Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Vegan Pasta Market by Source
11.4.7.4.3 Rest of Middle East and Africa Vegan Pasta Market by Packaging Type
11.4.7.4.4 Rest of Middle East and Africa Vegan Pasta Market by Distribution Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Vegan Pasta Market Overview
11.5.2 South and Central America Vegan Pasta Market Forecasts and Analysis
11.5.3 South and Central America Vegan Pasta Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Vegan Pasta Market Forecasts and Analysis - By Source
11.5.5 South and Central America Vegan Pasta Market Forecasts and Analysis - By Packaging Type
11.5.6 South and Central America Vegan Pasta Market Forecasts and Analysis - By Distribution Channel
11.5.7 South and Central America Vegan Pasta Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Vegan Pasta Market
11.5.7.1.1 Brazil Vegan Pasta Market by Product Type
11.5.7.1.2 Brazil Vegan Pasta Market by Source
11.5.7.1.3 Brazil Vegan Pasta Market by Packaging Type
11.5.7.1.4 Brazil Vegan Pasta Market by Distribution Channel
11.5.7.2 Argentina Vegan Pasta Market
11.5.7.2.1 Argentina Vegan Pasta Market by Product Type
11.5.7.2.2 Argentina Vegan Pasta Market by Source
11.5.7.2.3 Argentina Vegan Pasta Market by Packaging Type
11.5.7.2.4 Argentina Vegan Pasta Market by Distribution Channel
11.5.7.3 Rest of South and Central America Vegan Pasta Market
11.5.7.3.1 Rest of South and Central America Vegan Pasta Market by Product Type
11.5.7.3.2 Rest of South and Central America Vegan Pasta Market by Source
11.5.7.3.3 Rest of South and Central America Vegan Pasta Market by Packaging Type
11.5.7.3.4 Rest of South and Central America Vegan Pasta Market by Distribution Channel
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. VEGAN PASTA MARKET, KEY COMPANY PROFILES
13.1. BARILLA GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. EBRO FOODS, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. TREEHOUSE FOODS INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DAKOTA GROWERS PASTA COMPANY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. DE CECCO COMPANY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. NESTLé S.A.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. DELVERDE INDUSTRIE
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ALIMENTARI S.P.A.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. RFM CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. GRUPO LA MODERNA
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
13.11. GENERAL MILLS, INC.
13.11.1. Key Facts
13.11.2. Business Description
13.11.3. Products and Services
13.11.4. Financial Overview
13.11.5. SWOT Analysis
13.11.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Barilla Group
2. Ebro Foods, Inc.
3. TreeHouse Foods Inc.
4. Dakota Growers Pasta Company
5. De Cecco Company
6. Nestlé S.A.
7. Delverde Industrie
8. Alimentari S.p.a.
9. RFM Corporation
10. Grupo La Moderna
11. General Mills, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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