North America Vegan Cheese Market Growing Demand and Huge Future Opportunities by 2031

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

A recent report published by Transparency Market Research on North America vegan cheese market includes industry analysis and opportunity assessment for 2021-2031. The overall revenue generated by North America vegan cheese market is estimated to be US$ 600 Mn in 2021 and is expected to reach US$ 1.4 Bn by the end of forecast period.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐅𝐨𝐨𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The global dairy industry is experiencing unprecedented level of competitiveness and change, owing to the rise of viable plant-based alternatives in a variety of categories. Vegan cheese is increasingly being used in baking products, vegan snacks, and fast food items such as pizza and burgers since it is cholesterol-free.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82230

Plant-based alternatives are no longer considered niche items that need limited shelf space. Manufacturers will see impressive sales opportunities as the vegan cheese market continues to develop. Furthermore, a wholesome plant-based diet can be less expensive than an omnivorous diet. This is fueling the demand for mozzarella, cheddar, parmesan, ricotta, cream cheese, and other cheeses.

Another encouraging factor is the rise of customer health consciousness, which is driving up sales of plant-based foods. The health & wellness industry has historically performed well and health-related spending has increased significantly.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐟𝐨𝐫 𝐇𝐞𝐚𝐥𝐭𝐡𝐲 𝐃𝐢𝐞𝐭 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐒𝐚𝐥𝐞𝐬 𝐨𝐟 𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞

The increase in customer perception of lactose intolerance is a major driver of the global vegan cheese market. As a result, vegan cheese, vegan meat, and vegan yoghurt are increasingly common among consumers. According to a report conducted by the National Library of Medicine in 2018, approximately 65 percent of the human population has difficulty digesting lactose after infancy.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=82230

Furthermore, a growing number of grocery stores and outlets is beginning to stock plant-based cheese varieties. The change in lifestyles coupled high expenditure on high quality products income has contributed to a shift in consumer eating habits, and has made numerous desserts and flavors available to consumers.

As veganism has grown in popularity, food producers have begun to incorporate dairy-free alternatives into their product lines. Plant-based cheese is gaining popularity in bakeries and fast food restaurants. Quick food restaurants such as McDonald's have also started selling plant-based fast food such as plant-based burgers and fries in order to capitalize on the growing demand for plant-based cheese.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐀𝐝𝐨𝐩𝐭𝐢𝐧𝐠 𝐕𝐞𝐠𝐚𝐧 𝐃𝐢𝐞𝐭

The rising popularity of vegan and vegetarian food has caused a shift in the food industry. According to the Plant Based Foods Association (PBFA), the vegan retail food industry's worth grew by 11.4% in March 2020 and hit a staggering $5 billion. With more plant-based choices on grocery store shelves and restaurant menus, the food industry is responding to these demands.

Due to increased awareness of benefits of plant-based dairy products, availability at grocery stores, and increasing trend of flexitarian diet, household consumption of vegan cheese is growing at the fastest rate. It has grown in popularity among millennials due to a variety of benefits, including improved mental wellbeing and reduced severity of certain allergies.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=82230

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞

Mozzarella
Parmesan
Cheddar
Cream Cheese
Ricotta
Others

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐅𝐨𝐫𝐦

Shreds
Blocks & Wedges
Slices

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞

Food Processing
Food Service
Household/Retail

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐒𝐩𝐫𝐢𝐧𝐠 𝐖𝐚𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 -https://www.prnewswire.com/news-releases/spring-water-market-to-reach-us-497-37-bn-by-2032-awareness-of-health-benefits-of-bottled-water-spurring-demand-finds-tmr-study-301575450.html

𝐁𝐚𝐬𝐢𝐥 𝐄𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 -https://www.prnewswire.com/news-releases/basil-essential-oil-market-is-estimated-to-rise-at-a-cagr-of-6-during-the-forecast-period-observes-tmr-study-301568303.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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