Almond Milk Segment to Dominate North America Vegan Cheese Market during 2020–2027

According to a new market research study on “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, Others), and Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, Online, and Others)”, the market is expected to reach US$ 1479.23 million by 2027 from US$ 847.18 million in 2019; it is estimated to grow at a CAGR of 7.3% from 2020 to 2027. The report provides trends prevailing in the North America Vegan Cheese market, and the drivers and restraints pertaining to the market growth. The health benefits associated with Vegan Cheese as well as the rising cases of lactose intolerance among the consumers is driving the market. However, due to the higher preference of dairy cheese over vegan cheese will hinder the growth of the market in developing countries in North America.

The Vegan Cheese market in North America is segmented into product type, form, source and distribution channel. Based on form the market is segmented into slices, diced/cubes, shredded, blocks, spreads and others. In 2019, the blocks segment held the largest share of the North America Vegan Cheese market. A truckle of cheese is basically a cylindrical wheel of cheese, usually taller than it is wide, and sometimes described as barrel-shaped. Truckles vary greatly in sizes, from the wax-coated cheeses sold in supermarkets to 25-kilogram or larger artisanal cheeses. Some of our favorite cheeses in this category mainly include Parmesan, Romano, Asiago, and cheddar. When stored properly in the freezing temperature, an unopened package of these can last between two and four months. However, the outbreak of COVID-19 and lockdown imposed by the governments across North America is anticipated to have a huge disruption in the growth of various industries across North America. Although, US is the leading hub of manufacturing and largest raw material supplier for various industries, it is one of the worst affected countries due to the outbreak of COVID-19. The governments across North America are taking measure like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for coming months.

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 are among the leading companies in the North America Vegan Cheese market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The Report Segments the North America Vegan Cheese market as Follows:

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

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