Connect with us

Hi, what are you looking for?

Global Market Study of North America Vegan Cheese

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 20212031. 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.

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.

Request Sample

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.

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.

More Trending Reports

Organic Moringa Supplements Market– “The moringa supplements market is estimated to cross the valuation of US$ 2.9 Bn by 2031. Increasing occurrences of viral illnesses and dizziness in women and children is boosting the need for iron supplements, which is likely to drive the global moringa market. Moringa supplements are plant-based, and as a result of increasing adoption of veganism globally, they are becoming popular.”

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.

Request Covid19 analysis on this market

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.

Buy Now

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.

Request Discount

About Us Section:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Contact

Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com/

You may also like:

World

Chinese premier Li Keqiang has sent a congratulatory note to newly elected Australian counterpart Anthony Albanese.

World

This is just the start of the problem, and what’s possible in terms of roaming billions of people could make this look pretty tame

Social Media

"Zuckerberg is personally involved in nearly every decision the company makes," Washington Attorney General Karl Racine wrote in the suit.

World

Key developments since Russia's invasion of Ukraine three months ago, which has claimed the lives of tens of thousands of people.