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Global Cheese Sauce Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
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Global Market Size Of Cheese Sauce Was 1698.06 M USD In 2018
Cheese sauce is a traditional sauce used in English cooking. It can be used in a variety of ways including being poured over meats, types of pasta, vegetables and even as a dip.
Cheese sauces are a nonstandardized cheese ingredient based on natural cheese and other ingredients. The result is a consistent, flavorful and functional cheese ingredient that adds value to prepared foods.
Cheese Sauce are mainly classified into the following types: Nacho Cheese Sauce, Jalapeno Cheese Sauce, Cheddar Cheese Sauce, etc. Cheddar Cheese Sauce is the most widely used type which takes up about 27.27% of the total in 2018 in Global.
Cheese Sauce have wide range of applications, such as Retail, Foodservice, Restaurant. And Retail was the most widely used area which took up about 61.02% of the global total in 2018.
The market size of Cheese Sauce was 1698.06 M USD in 2018 and is expected to reach 2471.97 M USD in 2025, growing at a CAGR of 5.51% from 2018 to 2025. Europe’s Sales accounted for the highest market share (46.41%) in 2018, followed by North America.
The global Cheese Sauce industry mainly concentrates in North America and Europe. The global leading players in this market are Gehl Foods, Prego, Knorr, Ricos, Kraft Foods, Ragu, Southeastern Mills, Conagra, Berner Foods, AFP, Nestlé, Bay Valley, California Creamery, Casa Fiesta, Funacho, Tatua, McCormick, Kewpie, Kerry Group, etc.
In the recent years, with high demand for healthy products at home and abroad, the consumption increase of Cheese Sauce has been obvious. In the foreseeable future, the Cheese Sauce will show an optimistic upward trend.
Although sales of Cheese Sauce bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter the Cheese Sauce field hastily.
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