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Hot Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global hot sauce market reached a value of US$ 4.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Hot sauce or chili sauce is manufactured using chili peppers, vinegar and other ingredients. It is used as condiments, dressings and seasonings. Hence, it can be consumed along with cooked food or used as an ingredient in cooking to add complementary or contrasting flavours. It has become a significant part of the modern kitchen; however, the preparation styles and flavours are different across the globe.

 

 
 

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The demand for hot sauce has been witnessing significant growth with increasing popularity of Pan Asian and Latin American cuisines across the globe. Introduction of innovative sauce flavours with health beneficial attributes have further augmented the demand for hot sauce. In addition, increasing consumption of fast and frozen foods among the busy city-dwellers, especially in the emerging countries, has also led to an increased usage of hot sauce, thereby creating a positive impact in the market. Apart from that, increasing urban population, modernization of storage and logistics, rising number of expatriates in countries and cultural exchanges are some of the other factors that catalyse the growth of the hot sauce market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hot sauce market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on product type, application, end-use, packaging and distribution channel.

Breakup by Product Type

 

 
 

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  • Mild Hot Sauce
  • Medium Hot Sauce
  • Very Hot Sauce


Amongst these, mild hot sauce represents the biggest segment, accounting for the largest market share.

Breakup by Application

  • Cooking Sauce
  • Table sauce


Amongst these, cooking sauce represents the biggest segment, accounting for majority of the market share.

Breakup by End-Use

  • Commercial
  • Household


Amongst these, commercial sector represents the biggest segment, accounting for majority of the market share.

Breakup by Packaging

  • Jars
  • Bottles
  • Others


Amongst these, jars represent the leading segment, accounting for the highest market share.

Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Traditional Grocery Retailers
  • Online Stores
  • Others


Amongst these, supermarkets and hypermarkets represent the biggest distribution channel, accounting for the largest market share.

Breakup by Region

 

 
 

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  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa


Amongst these, North America represents the leading market, accounting for the majority of the hot sauce market share.

Competitive Landscape:

The report has also examined the competitive landscape of the market. Some of the major players include McIlhenny Company, McCormick and Co., Huy Fong Food, Baumer Foods, Garner Foods, B&G Foods, Kraft Heinz, Salsa Tamazula, Bruce Foods, Schwartz, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Application, End-Use, Packaging, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered McIlhenny Company, McCormick and Co., Huy Fong Food, Baumer Foods, Garner Foods, B&G Foods, Kraft Heinz, Salsa Tamazula, Bruce Foods and Schwartz
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
    2.4    Market Estimation
        2.4.1    Secondary Sources
        2.4.2    Bottom-Up Approach
        2.4.3    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hot Sauce Market
    5.1    Market Overview
    5.2    Market Trends
    5.3    Impact of COVID-19
    5.4    Market Breakup by Region
    5.5    Market Breakup by Product Type
    5.6    Market Breakup by Application
    5.7    Market Breakup by End-Use
    5.8    Market Breakup by Packaging
    5.9    Market Breakup by Distribution Channel
    5.10    Market Forecast
    5.11    SWOT Analysis
        5.11.1    Overview
        5.11.2    Strengths
        5.11.3    Weaknesses
        5.11.4    Opportunities
        5.11.5    Threats
    5.12    Value Chain Analysis
        5.12.1    Overview
        5.12.2    Raw Material Procurement
        5.12.3    Manufacturing
        5.12.4    Marketing
        5.12.5    Distribution
        5.12.6    End-Use
    5.13    Porters Five Forces Analysis
        5.13.1    Overview
        5.13.2    Bargaining Power of Buyers
        5.13.3    Bargaining Power of Suppliers
        5.13.4    Degree of Competition
        5.13.5    Threat of New Entrants
        5.13.6    Threat of Substitutes
    5.14    Price Analysis
        5.14.1    Key Price Indicators
        5.14.2    Price Structure
        5.14.3    Margin Analysis
6   Market Breakup by Region
    6.1    North America
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Europe
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Asia Pacific
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Latin America
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Middle East and Africa
        6.5.1    Market Trends
        6.5.2    Market Forecast
7    Market Breakup by Product Type
    7.1    Medium Hot Sauce
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Mild Hot Sauce
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Very Hot Sauce
        7.3.1    Market Trends
        7.3.2    Market Forecast
8   Market Breakup by Application
    8.1    Cooking Sauce
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Table Sauce
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by End-Use
    9.1    Commercial
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Household
        9.2.1    Market Trends
        9.2.2    Market Forecast
10    Market Breakup by Packaging
    10.1    Jars
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Bottles
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Others
        10.3.1    Market Trends
        10.3.2    Market Forecast
11    Market Breakup by Distribution Channel
    11.1    Supermarkets and Hypermarkets
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Traditional Grocery Retailers
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Online Stores
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Others
        11.4.1    Market Trends
        11.4.2    Market Forecast
12    Hot Sauce Manufacturing Process
    12.1    Product Overview
    12.2    Raw Material Requirements
    12.3    Manufacturing Process
    12.4    Key Success and Risk Factors
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1     McIlhenny Company
        13.3.2     McCormick and Co
        13.3.3     Huy Fong Food
        13.3.4    Baumer Foods
        13.3.5     Garner Foods
        13.3.6    B&G Foods
        13.3.7    Kraft Heinz
        13.3.8    Salsa Tamazula
        13.3.9    Bruce Foods 
        13.3.10     Schwartz

List of Figures

Figure 1: Global Hot Sauce Market: Major Drivers and Challenges
Figure 2: Global: Hot Sauce Market: Value Trends (in Billion US$), 2015-2020
Figure 3: Global: Hot Sauce Market: Breakup by Region (in %), 2020
Figure 4: Global: Hot Sauce Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Hot Sauce Market: Breakup by Application (in %), 2020
Figure 6: Global: Hot Sauce Market: Breakup by End-Use (in %), 2020
Figure 7: Global: Hot Sauce Market: Breakup by Packaging (in %), 2020
Figure 8: Global: Hot Sauce Market: Breakup by Distribution Channel (in %), 2020
Figure 9: Global: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 10: Global: Hot Sauce Industry: SWOT Analysis
Figure 11: Global: Hot Sauce Industry: Value Chain Analysis
Figure 12: Global: Hot Sauce Industry: Porter’s Five Forces Analysis
Figure 13: North America: Hot Sauce Market: Value Trends (in Billion US$), 2015 & 2020
Figure 14: North America: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 15: Europe: Hot Sauce Market: Value Trends (in Billion US$), 2015 & 2020
Figure 16: Europe: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 17: Asia Pacific: Hot Sauce Market: Value Trends (in Billion US$), 2015 & 2020
Figure 18: Asia Pacific: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 19: Latin America: Hot Sauce Market: Value Trends (in Billion US$), 2015 & 2020
Figure 20: Latin America: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 21: Middle East and Africa: Hot Sauce Market: Value Trends (in Billion US$), 2015 & 2020
Figure 22: Middle East and Africa: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 23: Global: Hot Sauce Market (Medium Hot Sauce): Value Trends (in Billion US$), 2015 & 2020
Figure 24: Global: Hot Sauce Market Forecast (Medium Hot Sauce):  Value Trends (in Billion US$), 2021-2026
Figure 25: Global: Hot Sauce Market (Mild Hot Sauce): Value Trends (in Billion US$), 2015 & 2020
Figure 26: Global: Hot Sauce Market Forecast (Mild Hot Sauce):  Value Trends (in Billion US$), 2021-2026
Figure 27: Global: Hot Sauce Market (Very Hot Sauce): Value Trends (in Billion US$), 2015 & 2020
Figure 28: Global: Hot Sauce Market Forecast (Very Hot Sauce):  Value Trends (in Billion US$), 2021-2026
Figure 29: Global: Hot Sauce Market (Cooking Sauce): Value Trends (in Billion US$), 2015 & 2020
Figure 30: Global: Hot Sauce Market Forecast (Cooking Sauce):  Value Trends (in Billion US$), 2021-2026
Figure 31: Global: Hot Sauce Market (Table Sauce): Value Trends (in Billion US$), 2015 & 2020
Figure 32: Global: Hot Sauce Market Forecast (Table Sauce):  Value Trends (in Billion US$), 2021-2026
Figure 33: Global: Hot Sauce Market (Commercial): Value Trends (in Billion US$), 2015 & 2020
Figure 34: Global: Hot Sauce Market Forecast (Commercial):  Value Trends (in Billion US$), 2021-2026
Figure 35: Global: Hot Sauce Market (Household): Value Trends (in Billion US$), 2015 & 2020
Figure 36: Global: Hot Sauce Market Forecast (Household):  Value Trends (in Billion US$), 2021-2026
Figure 37: Global: Hot Sauce Market (Jar): Value Trends (in Billion US$), 2015 & 2020
Figure 38: Global: Hot Sauce Market Forecast (Jar):  Value Trends (in Billion US$), 2021-2026
Figure 39: Global: Hot Sauce Market (Bottle): Value Trends (in Billion US$), 2015 & 2020
Figure 40: Global: Hot Sauce Market Forecast (Bottle):  Value Trends (in Billion US$), 2021-2026
Figure 41: Global: Hot Sauce Market (Other Packagings): Value Trends (in Billion US$), 2015 & 2020
Figure 42: Global: Hot Sauce Market Forecast (Other Packagings):  Value Trends (in Billion US$), 2021-2026
Figure 43: Global: Hot Sauce Market: Sales Through Supermarkets and Hypermarkets (in Billion US$), 2015 & 2020
Figure 44: Global: Hot Sauce Market Forecast: Sales Through Supermarkets and Hypermarkets (in Billion US$), 2021-2026
Figure 45: Global: Hot Sauce Market: Sales Through Traditional Grocery Retailers (in Billion US$), 2015 & 2020
Figure 46: Global: Hot Sauce Market Forecast: Sales Through Traditional Grocery Retailers (in Billion US$), 2021-2026
Figure 47: Global: Hot Sauce Market: Sales Through Online Stores (in Billion US$), 2015 & 2020
Figure 48: Global: Hot Sauce Market Forecast: Sales Through Online Stores (in Billion US$), 2021-2026
Figure 49: Global: Hot Sauce Market: Sales Through Other Distribution Channels (in Billion US$), 2015 & 2020
Figure 50: Global: Hot Sauce Market Forecast: Sales Through Other Distribution Channels (in Billion US$), 2021-2026
Figure 51: Hot Sauce Manufacturing: Process Flow

List of Tables

Table 1: Global Hot Sauce Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Hot Sauce Market Forecast: Breakup by Region (in Billion US$), 2021-2026
Table 3: Global: Hot Sauce Market Forecast: Breakup by Product Type (in Billion US$), 2021-2026
Table 4: Global: Hot Sauce Market Forecast: Breakup by Application (in Billion US$), 2021-2026
Table 5: Global: Hot Sauce Market Forecast: Breakup by End-Use (in Billion US$), 2021-2026
Table 6: Global: Hot Sauce Market Forecast: Breakup by Packaging (in Billion US$), 2021-2026
Table 7: Global: Hot Sauce Market Forecast: Breakup by Distribution Channel (in Billion US$), 2021-2026
Table 8: Hot Sauce: Raw Material Requirements
Table 9: Global: Hot Sauce Market Structure
Table 10: Global: Hot Sauce Market: Key Players

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Key Question Answered in this Report

The global hot sauce market was valued at US$ 4.5 Billion in 2020.

The growing adoption of intercontinental culinary trends, particularly for Pan Asian and Latin American cuisines, is one of the key factors driving the global hot sauce market.

Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of hot sauce.

Based on the product type, the global hot sauce market can be bifurcated into mild, medium, and very hot sauces. Among these, mild hot sauce currently accounts for the largest market share.

Based on the application, the global hot sauce market has been divided into cooking and table sauce. Currently, cooking sauce exhibits a clear dominance in the market.

Based on the end use, the global hot sauce market can be categorized into commercial sector and household sector, where the commercial sector holds the majority of the total market share.

Based on the packaging, the global hot sauce market has been segregated into jars, bottles, and others. Among these, jars currently account for the largest market share.

Based on the distribution channel, the global hot sauce market can be segmented into supermarkets and hypermarkets, traditional grocery retailers, online retailers, and others. Currently, supermarkets and hypermarkets exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market. 

Some of the major players in the global hot sauce market include McIlhenny Company, McCormick and Co., Huy Fong Food, Baumer Foods, Garner Foods, B&G Foods, Kraft Heinz, Salsa Tamazula, Bruce Foods, Schwartz, etc.

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