Market Introduction
Cheese sauce, also called as cheddar sauce or cheddar cheese sauce, mainly comprises dehydrated salts, cheese powder, emulsifying salts, and fillers such as flour, starch, buttermilk, whey, or skim milk. It is used as an ingredient in cooking pasta and is also poured over meats and vegetables. Cheese sauce contains large amount of calcium and protein due to the presence of cheese.
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Market Dynamics
By the launch of new products, manufacturers are targeting consumers with busy lifestyles and this in turn is driving growth of the market. For instance, in April 2014, Simplot Australia Pty Ltd., a food manufacturer launched a range of cheese sauce products for consumers who are looking for tasty, simple, and nutritious meal ideas. Furthermore, increasing consumption of cheese and cheese products is projected to drive the market growth. According to the Canadian Dairy Information Center, per capita consumption of cheese in Canada was valued at 12.7 kg in 2015, which further increased to 13.4 kg in 2016.
Market Trends
On the basis of product type, the jalapeno cheese sauce segment is expected to show a significant growth in the cheese sauce market over the forecast period. This is attributed to advantageous health benefits of jalapeno, as it contains vitamin A, vitamin C, and various minerals such as magnesium, iron, phosphorous, and others, which helps in maintaining healthy muscular functioning and healthy RBC’s.
Online channels segment is significantly gaining traction, as it offers a wide range of products through a single website and offers free delivery. According to the Coherent Market Insights, the global online retail segment was valued at US$ 2,171.22 billion in 2016 and is expected to reach US$ 9,572.96 billion by 2025.
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Market Outlook
North America is projected to witness significant growth in global cheese sauce market over the forecast period, owing to increasing disposable income and increasing demand for cheese products in variety of dishes. According to the World Bank Organization, the GDP per capita in the U.S. was US$ 56,469 in 2015 and increased up to US$ 57,638.16 in 2016. However, increasing cases of botulism in the U.S. due to consumption of contaminated food containing toxins, is negatively impacting the growth of market. According to the Centers for Disease Control and Prevention (CDC), some of the examples of contaminated foods causing botulism included cheese sauce, carrot juice, wrapped baked potatoes, and others. Also, the cheese used in cheese sauce should comply with the standards of identity for cheese and cheese based products, as stated in the U.S. Food and Drug Administration (FDA), 21 Code of Federal Regulation (CFR).
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Cheese Sauce Market Taxonomy
On the basis of product type, the cheese sauce market is segmented into:
Jalapeno
Nacho
Cheddar
Others
On the basis of distribution channel, the cheese sauce market is segmented into:
Hypermarket
Supermarket
Online Channels
Convenience Stores
Others
Remarkable Attributes of Cheese Sauce Market Report:
The current status of the global Cheese Sauce market, current market & the two regional and region level.
In-Depth Understanding of Facets Activating the Development of the global Cheese Sauce marketplace.
Current market isolation Relating to Identifying portions like Cheese Sauce Merchandise Sort, end-use Software
The innovative perspective of this global Cheese Sauce current market with layouts that are standard, and also prime chances.
The research of this market enticing place regarding product sales of Cheese Sauce.
Various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for Cheese Sauce market, research and consulting firms, new entrants, and financial analysts.
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