Cheese sauce market expected to hit CAGR of 3.7% by 2029
The global cheese sauce market is estimated to value at more than US $2.8 billion in 2020, and is projected to register a CAGR of 3.7% in terms of revenue over the forecast period. The first five-year cumulative revenue (2020–2024) is projected to be around $15.2bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Cheese sauce, also called as cheddar sauce, is often used to prepare Italian, French and English dishes. It is made up of butter, flour, milk, pepper, salt, and cheese. Cheese sauce often made using cheddar cheese, however, it can also prepare by using gouda, gruyere, etc. It is also used in cooking pasta and dressing salads, nachos, meat, etc.
Cheese sauce is also known as cheddar sauce or cheddar cheese sauce. Cheese sauce is commonly used for preparation of English, French and Italian cuisines. It is made using butter, milk, flour, salt, pepper, and any kind of cheese. Cheese sauce is mostly made using cheddar cheese, however, it can also be made with gruyere, gouda, etc. It is primarily used for cooking pasta and dressing nachos, salads, meat, among other cuisines.
Increasing numbers of fast food outlets and multi-cuisine restaurants is one of the key factor driving growth of the global cheese sauce market. Increasing number of nuclear families in emerging countries and increasing popularity cross cultural fast food such as pizza, burgers, pastas, etc. among consumers, particularly in young population is expected to be another major factor propelling growth of the target market. In addition, ample availability of varied cheese sauces such as continental and regional flavours enable consumers to enhance the taste of various cuisines is expected to fuel growth of the global cheese sauce market over the forecast period.
However, overconsumption of cheese can cause severe health issues such as diabetes, obesity, high cholesterol, cardiovascular diseases, etc. which is expected to hamper growth of the global cheese sauce market. High cost of cheese sauce is one more factor which may limit growth of the global market.
Global Cheese Sauce Market: Segmental Snapshot
The global cheese sauce market report has been segmented on the basis of product type, distribution channel, and region. The product type segment includes jalapeno, nacho, cheddar, and others. The distribution channel segment includes hypermarket, supermarket, convenience stores, online channels, food service industry, and packaged food industry. The regions covered in the analysis include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Product Type: The cheddar segment is expected to register highest CAGR of over 3.9% over the forecast period
By Distribution Channel: The supermarket segment is expected to register highest CAGR of over 4.5% over the forecast period
By Region: The North America market is expected to register highest CAGR of over 3.8% over the forecast period
The research report on the global cheese sauce market includes profiles of major companies such as Nestlé S.A., Unilever Plc, Campbell Soup Company, TreeHouse Foods Inc, Conagra Brands Inc, The Kraft Heinz Company, Savencia Fromage & Dairy, DairiConcepts LP, The TATUA Co-operative Dairy Company Ltd. (Tatua), and Hexa Food Sdn. Bhd.
“Global Cheese Sauce Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global cheese sauce market for 2019–2029.
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