North America Vegan Cheese Market

North America Vegan Cheese Market Forecast to 2027 – COVID-19 Impact and Analysis - By Product Type (Mozzarella, Parmesan, Cheddar, Cream Cheese, Ricotta, and Others), Form (Slices, Diced/Cubes, Shredded, Blocks, Spreads, and Others), Source (Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, and Others), and Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, Online, and Others)

Number of Pages: 88

Market Introduction

North America comprises of developed and developing countries such as the US, Canada, and Mexico. North America will account for a remarkable share in the Vegan protein market. Consumers in countries such as the US and Canada are shifting their preferences towards a healthy lifestyle and prefer products that provide health benefits. Therefore, the increasing health concern among consumers drives the growth of the vegan cheese market in North America. Also, vegan cheese product manufacturing companies in North America are continuously enhancing their product portfolio to meet the customers' demand. Some of the key players offering vegan protein products in North America are Daiya Foods Inc., Good Planet Foods, Kite Hill, and others among others. Product innovations and packaging advancements adopted by these players in the food industry is expected to drive the vegan cheese market growth during the forecast period.

Market Overview and Dynamics

The Vegan Cheese market in North America is expected to grow from US$ 847.18 million in 2019 to US$ 1479.23 million by 2027; it is estimated to grow at a CAGR of 7.3% from 2020 to 2027. Vegan cheese is prepared using plant-based ingredients instead of the traditional animal-based products. Vegan cheese is rich in proteins, calcium, vitamins, and has a high nutritional profile. There has been an increasing demand for vegan cheese owing to the change in eating patterns of the consumers all over the globe. The low cholesterol level of the vegan cheese has been the prime factor that helps in the prevention of cardiovascular disease. Development in new products like microorganism-cultured vegan cheese is expected to provide lucrative opportunities to the vegan cheese market in the upcoming years.

COVID 19 has impacted the major countries of North America. Most of the countries in the region are under lockdown, which is impacting the Vegan Cheese market. The US has the highest number of confirmed cases of the COVID-19 infection among all North American countries. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.

Key Market Segments

In terms of product type, the mozzarella segment accounted for the largest share of the North America Vegan Cheese market. In 2019 In terms of form, blocks held the largest market share in 2019. In terms of source, almond milk sector accounted for the largest share of the North America Vegan Cheese market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America Vegan Cheese market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Daiya foods Inc., Field roast, Follow your heart, Galaxy nutritional foods, Inc., Good planet foods, Kite Hill, Miyoko's Creamery, Uprise foods LLC, and Wayfare.  

Reasons to Buy Report

• Understand the North America Vegan Cheese market landscape and identify segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive market landscape in North America
• Efficiently plan mergers and acquisitions, and partnership deals in the North America Vegan Cheese market by identifying market segments with the most promising probable sales
• Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
• Obtain market revenue forecast for market by various segments for the period 2019–2027

North America Vegan Cheese Market Segmentation

North America Vegan Cheese market, by Product Type

• Mozzarella
• Parmesan
• Cheddar
• Cream Cheese
• Ricotta
• Others

North America Vegan Cheese market, by Form

• Slices
• Diced/Cubes
• Shredded
• Blocks
• Spreads
• Others

North America Vegan Cheese market – by Source

• Almond Milk
• Soy Milk
• Coconut Milk
• Cashew Milk
• Others

North America Vegan Cheese market – by Distribution Channel

• Hypermarkets and Supermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

North America Vegan Cheese Market – by Country

• • US
  • Canada
  • Mexico

Company Profiles

• Daiya foods Inc.
• Field roast
• Follow your heart
• Galaxy nutritional foods, Inc.
• Good planet foods
• Kite hill
• Miyoko's creamery
• Uprise foods LLC
• Wayfare

North America Vegan Cheese Strategic Insights

Strategic insights for the North America Vegan Cheese provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Vegan Cheese Report Scope

North America Vegan Cheese Regional Insights

The geographic scope of the North America Vegan Cheese refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.