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Pulished Date September, 2021
ID: 12178
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North America Vegan Cheese Market by Application (Snacks, Dips & Sauces, And Bakery & Confectionery), by Source (Soy Milk, Almond Milk, Coconut Milk, and Rice Milk), by Product Type (Mozzarella, Parmesan, Cheddar, Cream Cheese), and country, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2021-2026

Pulished: September, 2021
ID: 12178
Pages: 125

North America Vegan Cheese Market Size Share Trends Analysis 2021-2026:

North America Vegan Cheese Market is expected at USD 0.6 billion in 2021 and is anticipated to extent an over of USD 1.4 billion by the end of the assessment period. The North America Vegan Cheese Market is likely to knowledge reasonable growth highest of a CAGR of 8.2% through the estimate period (2021-2026).

Vegan cheeses range from fresh and soft cheeses to grated, cured and cultured hard cheeses such as vegetable Parmesan. The important characteristic of vegan cheese is the elimination of all animal products. Vegan cheese can be complete with mechanisms resulting from vegetables, such as milks (plant milks), fats and proteins. It can also be made from seeds, such as walnuts, sunflower, sesame, and soy, the other components are spices, potatoes, rice, tapioca, nutritional yeast, and coconut oil.

Recent Developments

The Very Good Food Company Inc. has announce that it has accomplished the acquisition of The Cultured Nut Inc., a popular producer of artisanal vegan cheese on the west coast of Canada, with current distribution of sales to various grocery store retailers and online, including some whole food stores. Cultured Nut is a plant-based cheese company that offers several innovative products to the market, including plant-based block cheeses, cream cheese and butter, as well as many products in development.

Market Drivers and Restraints:

Vegan cheese is increasingly used in baked goods, vegan snacks, and fast food items like pizza and hamburgers because it does not contain cholesterol. Herbal alternatives are no longer considered niche items that require limited storage space. Also, a healthy plant-based diet can be cheaper than an omnivorous diet. Another encouraging factor is customer health awareness, which drives sales of plant-based foods. Historically, the health and wellness industry has performed well and health-related spending has increased significantly. Increased customer perception of lactose intolerance is one of the main drivers of the vegan cheese market. As a result, vegan cheese, vegan meat, and vegan yogurt are becoming more common among consumers. According to a 2018 National Library of Medicine report, about 65% of the human population has difficulty digesting lactose after infancy. The change in lifestyle, coupled with the high spending on income from high-quality products, has contributed to a change in the eating habits of consumers and has made many desserts and flavors available to consumers. Plant-based cheese is gaining popularity in bakeries and fast food outlets. Fast food restaurants like McDonald's have also started selling plant-based fast food, such as plant-based burgers and fries, to take advantage of the growing demand for plant-based cheese.

Market Segmentation:

By Source

  • Soy Milk
  • Almond Milk
  • Coconut Milk
  • Rice Milk

The almond milk segment dominated the vegan cheese market in North America in 2019. Almond milk cheese is one of the most widely used sources for making vegan cheese. Almond milk naturally contains a higher fat content, which gives the cheese a smoother texture without an astringent taste.

By Application

  • Snacks
  • Dips & Sauces
  • Bakery & Confectionery

Product Type

  • Mozzarella
  • Parmesan
  • Cheddar
  • Cream Cheese

Impact of COVID-19 on North America Vegan Cheese Market

Companies in the North American vegan cheese market are seizing this opportunity as more and more consumers have become health conscious and aim to improve their immune power. Consumers are turning to herbal products to reduce the incidence of possible allergies and eczema. Growing awareness of the immune properties of plant-based cheese is likely to keep the market going.

Regional Analysis:

Assessing the growth of the vegan cheese market in North America involves assessing Canada and the United States. US vegan cheese market is dominating with the largest shares. Vegan cheese is a plant-based alternative to cheese made from dairy products. Composed of ingredients such as coconut milk, almonds and cashews, among others, it is used in the same way as dairy cheese. Parmesan cheese, mozzarella, ricotta, cheddar and other products available and made with vegan ingredients are used in vegan diet preparations such as vegan pizza and vegan burgers. Followed by US, Canada vegan cheese market is leading with the prominent shares. Although meat has traditionally been viewed as a crucial part of Canada's diet, citizens of the country are becoming increasingly aware of nutritional choices and meat consumption. In 2020, around 40% of consumers in a Canadian survey said they were ready to minimize their meat consumption, while around 9% intended to do the same. Additionally, Canada is home to nearly 2.3 million vegetarians, as well as 850,000 vegans, the majority located in British Columbia. As a result, these factors are expected to drive the growth of the North American vegan cheese market during the forecast period.

Leading Company

Daiya foods Inc. had the largest share of the North America Vegan Cheese Market in terms of sales revenue in 2021.

Key Players

  • Wayfare
  • Daiya foods Inc
  • Uprise foods LLC
  • Good planet foods
  • Field roast
  • Follow Your Heart
  • Galaxy nutritional foods, Inc.
  • Kite Hill
  • Miyoko's Creamery

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Vegan Cheese Market, By Product Type                         

                                6.1.1 Mozzarella              

                                6.1.2 Parmesan

                                6.1.3 Cheddar   

                                6.1.4 Cream Cheese      

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.6 Y-o-Y Growth Rate Analysis              

                                6.1.7 Market Attractiveness Index           

                6.2 Vegan Cheese Market, By Application                             

                                6.2.1 Snacks      

                                6.2.2 Dips & Sauces        

                                6.2.3 Bakery & Confectionery    

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

                6.3 Vegan Cheese Market, By Source                     

                                6.3.1 Soy Milk   

                                6.3.2 Almond Milk           

                                6.3.3 Coconut Milk          

                                6.3.4 Rice Milk  

                                6.3.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.6 Y-o-Y Growth Rate Analysis              

                                6.3.7 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Application       

                                7.2.4 By Source

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Application       

                                7.3.4 By Source

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Application       

                                7.4.4 By Source

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Application       

                                7.5.4 By Source

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Application       

                                7.6.4 By Source

8. Key Player Analysis                                    

                8.1 Wayfare                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Daiya foods Inc                         

                8.3 Uprise foods LLC                       

                8.4 Good planet foods                  

                8.5 Field roast                   

                8.6 Follow Your Heart                    

                8.7 Galaxy nutritional foods, Inc.                              

                8.8 Kite Hill                         

                8.9 Miyoko's Creamery                 

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Source, Application, Product Type and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

  1. North America Vegan Cheese Market By Product Type, From 2021-2026 ( USD Billion )
  2. North America Mozzarella Market By Region, From 2021-2026 ( USD Billion )
  3. North America Parmesan Market By Region, From 2021-2026 ( USD Billion )
  4. North America Cheddar Market By Region, From 2021-2026 ( USD Billion )
  5. North America Cream Cheese Market By Region, From 2021-2026 ( USD Billion )
  6. North America Vegan Cheese Market By Application, From 2021-2026 ( USD Billion )
  7. North America Snacks Market By Region, From 2021-2026 ( USD Billion )
  8. North America Dips & Sauces Market By Region, From 2021-2026 ( USD Billion )
  9. North America Bakery & Confectionery Market By Region, From 2021-2026 ( USD Billion )
  10. North America Vegan Cheese Market By Source, From 2021-2026 ( USD Billion )
  11. North America Soy Milk Market By Region, From 2021-2026 ( USD Billion )
  12. North America Almond Milk Market By Region, From 2021-2026 ( USD Billion )
  13. North America Coconut Milk Market By Region, From 2021-2026 ( USD Billion )
  14. North America Rice Milk Market By Region, From 2021-2026 ( USD Billion )
  15. United States Vegan Cheese Market By Product Type, From 2021-2026 ( USD Billion )
  16. United States Vegan Cheese Market By Application, From 2021-2026 ( USD Billion )
  17. United States Vegan Cheese Market By Source, From 2021-2026 ( USD Billion )
  18. Canada Vegan Cheese Market By Product Type, From 2021-2026 ( USD Billion )
  19. Canada Vegan Cheese Market By Application, From 2021-2026 ( USD Billion )
  20. Canada Vegan Cheese Market By Source, From 2021-2026 ( USD Billion )

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