26 June 2019 –
The Global Canned Cheese Sauce Market is
estimated to witness substantial growth in the forecast period due to increase
in applications in multiple delicacies. Cheese sauce is the traditional sauce
used in English delicacies. It includes cheddar cheese, white sauce (aka mother
sauces) and is spiced with mustard, pepper, and Worcestershire sauce. Canned
cheese sauce is widely used in vegetables, different types of pasta, meat, and
also as a dip for several snacks. It is readily available in supermarkets and
hypermarkets.
The major driving factors of canned cheese sauce market
comprise increase in spending power of consumers, hectic lifestyle of consumers
on the global scale, rise in demand for nacho and cheddar cheese sauce for
various delicacies, change in eating habits of consumers, and rise in
popularity of fast-foods with cheese. Furthermore, rapid urbanization, low
storage cost, innovation in the product and transportation of cheese are
fuelling the growth of the market. However, rise in number of adulteration
cases and availability of several substitutes of cheese are hampering the
market growth.
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Increase in investment by the market players for innovations
in the canned cheese sauce is an emerging trend in the market. Additionally,
canned cheese sauce market is witnessing entry of new market players due to
high demand on the global scale. Nonetheless, limitation of the downstream
segment like branding, advertising, and brand building is challenging the
market.
Geographically, canned cheese sauce industry is segmented as
North America, South America, Europe, Asia Pacific and Middle East &
Africa. North America is predicted to dominate the market in the coming years
due to increase in demand from consumers. Asia Pacific is also predicted to
contribute significantly in the forecast period due to high consumption rate.
The major players in canned cheese sauce market include
Prego, Gehl Foods, Conagra, Ricos, Knorr, Kraft Foods, Ragu, Nestlé, AFP
advanced food products, Bay Valley, Kerry Group, Berner Foods, Funacho, Kewpie,
McCormick, Casa Fiesta and Tatua.
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