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.
However,
high cost of cheese powder, which is the main ingredient of cheese
sauce is expected to hinder growth of the market. Furthermore, rising
prevalence of diabetes, heart diseases, and obesity are factors that
are expected to restrain growth of global cheese sauce market over
the forecast period. According to the Centers for Disease Control and
Prevention (CDC), around 36.5% of the U.S. adults have obesity and
the prevalence of obesity was higher among the adults and middle-aged
population, which in turn is expected to hinder growth of the market.
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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.
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