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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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