North America Vegan Cheese Market Analysis and Regional Forecast to 2027

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, made from plant-based ingredients, offers a nutritionally rich alternative to traditional dairy cheese, boasting high levels of protein, calcium, and essential vitamins. Its low cholesterol content is a significant draw, contributing to the prevention of cardiovascular diseases and aligning with a global shift towards healthier eating habits. The market for vegan cheese is poised for lucrative growth, especially with innovations such as microorganism-cultured vegan cheese on the horizon.

North American Market Dynamics

North America, encompassing developed and developing nations like the U.S., Canada, and Mexico, represents a significant share of the vegan protein market. Consumers in this region are increasingly adopting healthier lifestyles, driving demand for products that offer health benefits. This heightened health consciousness is a primary factor fueling the expansion of the North American vegan cheese market.

The COVID-19 pandemic significantly impacted North America, with widespread lockdowns disrupting supply and distribution chains within the food and beverage industry, particularly in the U.S., which experienced a high number of confirmed cases. This undoubtedly affected the vegan cheese market in the short term.

Despite these challenges, key players in the North American vegan cheese market, including Daiya Foods Inc., Good Planet Foods, and Kite Hill, are continuously enhancing their product portfolios to meet evolving consumer demands. Their ongoing product innovations and advancements in packaging are expected to propel the growth of the vegan cheese market throughout the forecast period.

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

North America Vegan Cheese Market 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 Market 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.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights