New York City, New York Jun 16, 2021 (Issuewire.com) - According to the latest report by IMARC Group, titled “Hot Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global hot sauce market size reached a value of US$ 4.5 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Hot sauce or chili sauce is prepared using chili peppers mixed with other ingredients like salt, vinegar, vegetables, fruits, garlic, etc. It is commercially made by combining chili pepper paste with red tomato puree, which is then cooked to achieve a distinct flavor. Hot sauce adds a complementary or spicy flavor to a variety of dishes. As a result, it is used as a condiment, dressing, and seasoning ingredient in numerous cuisines worldwide.
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Global Hot Sauce Market Trends:
The increasing popularity of Pan Asian, African, and Latin American cuisines across the globe is one of the key factors for the global hot sauce market growth. Moreover, the introduction of new and innovative sauce flavors that are also beneficial to health is further augmenting the demand for different hot sauce variants worldwide. In addition to this, the growing consumption of processed and frozen foods, particularly among the working population, has also led to an increased usage of hot sauce, thereby creating a positive impact on the market. Additionally, the expanding urban population, wide product availability in flexible packaging materials, and introduction of organic product variants, are some of the other factors catalyzing the growth of the global hot sauce market.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- McIlhenny Company
- McCormick & Company, Inc.
- Huy Fong Foods, Inc.
- Baumer Foods Inc.
- TW Garner Food Company
- B&G Foods, Inc.
- The Kraft Heinz Company
- SALSA TAMAZULA SA DE CV.
- Bruce Foods
Breakup by Product Type:
- Mild Hot Sauce
- Medium Hot Sauce
- Very Hot Sauce
Breakup by Application:
- Cooking Sauce
- Table sauce
Breakup by End-Use:
- Commercial
- Household
Breakup by Packaging:
- Jars
- Bottles
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Traditional Grocery Retailers
- Online Stores
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Media Contact
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