Dublin, December 31, 2020 (GLOBE NEWSWIRE) – Added to report “US Non-Dairy Cream Cheese Market” ResearchAndMarkets.com’s offering.
The US Non-dairy Cream Cheese Market was estimated to be $ 45.6 million in 2019 and is projected to grow at a CAGR of 24.47% in the projected period 2020-2025. Non-dairy cream cheese is made from a variety of plant sources such as soy, almond, cashew and others. The increase in consumers favoring vegan and non-dairy products has led to increased demand for non-dairy products. Non-dairy cream cheese is available in several flavors to cater to the varied preferences among customers. Recent studies have shown that non-dairy products help reduce diabetes and maintain heart health. These health benefits have also driven the demand for non-dairy cream cheese.
The report covers an in-depth study of the following segments of the U.S. Non-Milk Cream Cheese Market:
- By type; Cream cheese, Ricotta, sour cream, and Vegan topping and spreading
- By Source- Soy, Coconut, Cashew, Almond and others
- The Flavor; Plain, strawberry, Cheddar style, herb, spice, combination flavors, other
- The Sales Channel; Online, Offline
Main Takeaways;
- In 2019, the combination flavors account for a large revenue share in the U.S. Non-Milk Cream Cheese Market due to wider application and how it meets the various consumer preferences.
- The Strengths, Weaknesses, and Opportunities of the prominent players operating in the market will also be analyzed in detail in the U.S. Non-Milk Cream Cheese Market report.
- Increased health awareness has increased the demand for vegan and non-dairy products. This in turn is going to drive the demand for non-dairy cream cheese as well.
Drivers – US non-dairy cream cheese market
Increase in the number of vegans
There has been an increase in the consumption of vegan products by the population in recent years. Growing consumption of vegan products is increasingly driven by demand for plant-based alternatives such as coconut, almond, soy etc. driving the growth of the U.S. Non-Dairy Cream Cheese Market. According to the Vegan Food Association, 2-6% of the U.S. population is vegan. People have begun to avoid animal products to prevent animal cruelty and also to promote their health by making healthier food choices.
Increasing incidence of lactose intolerance among users
Rising lactose intolerance among consumers and changing food habits are some of the factors driving the growth of the market. According to the Organization for Healthcare Research and Quality, approximately 25% of the U.S. population suffers from lactose intolerance. This has led to an increase in demand for non-dairy products.
Challenges; US non-dairy cream cheese market
The high cost of non-dairy products compared to dairy products is a major reason for the growth of the market. This is due to the high cost of plant stores as well as the costs associated with the production process of these products. The risk of cross-contamination of the raw materials is another challenge as eliminating the milk from all products is challenging.
The outlook for the U.S. non-dairy cream cheese industry
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies that have captured players in the U.S. Non-Milk Cream Cheese Market. The top 10 companies are Daiya Foods Inc., Galaxy Nutritional Foods Inc., Lyrical Foods, Inc., Tofutti Brands, Inc., Follow Your Heart, Huyery Miyoko, Trader Joe’s, Violife, Bute Island Foods Ltd, and Tesco plc.
Key topics covered:
1. US Non-dairy Cream Cheese Market – Market Review
2. US Non-dairy Cream Cheese Market – Executive Summary
3. US Non-Dairy Cream Cheese Market – Comparative Analysis
4. US Non-Dairy Cream Cheese Market – Market Forces
5. US Non-Dairy Cream Cheese Market – Basic Analysis
6. US Non-Dairy Market – By Type (market size – $ million / $ billion)
7. US Non-dairy Cream Cheese Market – By Source (Market Size – $ Million / $ Billion)
8. US Non-dairy Cream Cheese Market – By Taste (Market Size – $ Million / $ Billion)
9. US Non-dairy Cream Cheese Market – By Sales Channel (Market Size – $ Million / $ Billion)
10. US non-dairy cream cheese market – entropy
11. Non-Dairy Cream Cheese Market Company Analysis
11.1 Company Income, Products, M&A, Developments
11.2 Daiya Foods Inc.
11.3 Galaxy Inc. Nutrition.
11.4 Lyrical Foods, Inc.
11.5 Tofutti Brands, Inc.
11.6 Follow your heart
11.7 Miyoko Creamery
11.8 Trader Joe’s
11.9 Fiddle
11.10 Isle of Bute Food Limited
11.11 Tesco plc
For more information about this report, visit https://www.researchandmarkets.com/r/9ze9r
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We bring you the latest data on international and regional markets, key industries, major companies, new products and the latest trends.
Research and Markets also offers Custom Search services providing targeted, complete and unique search.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900