(Entertainment-NewsWire.com, December 08, 2017 ) Latin America Canned Cheese Sauce Market was worth USD XX million in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2021. Canned Cheese Sauce is the canned form of cheese sauce which is used as an additive or topping in a variety of dishes worldwide.Canned Cheese Sauce is of two types, which are namely, cheddar cheese sauce and nacho cheese sauce. Cheddar Cheese sauce can be seen as an English equivalent of the French Mornay Sauce.
Latin America Canned Cheese Sauce market is driven by the rising disposable incomes and the primary appeal of the applicability of cheese sauce in a variety of delicacies. Further, the low transportation and storage costs of the product also act as major drivers of market growth. However, the market is constrained by incidents of adulteration.
The Latin America Canned Cheese Sauce market is segmented on the basis of type, application and by region. On the basis of type, the market is segmented into cheddar cheese sauce and nacho cheese sauce. On the basis of application, the market is distributed among supermarkets and hypermarkets, independent retailers, convenience stores and online retailers.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The huge rise in spending in the Canned Cheese Sauce market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.
The major players operating in the Latin America Canned Cheese Sauce industry include Ricos, Gehl Foods, Berner, Bay Valley Foods, Conagra Food service, Newman’s Own, Frito-Lay, and Kraft Foods.
Canned Cheese Sauce Market Segmentation:
By Type: Cheddar Cheese Sauce, Nacho Cheese Sauce
By Application: Hypermarkets and Supermarkets, Independent Retailers, Convenience Stores, Online Retailers
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