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Hot Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 109 pages | ID: H4F7EA61B325EN
IMARC Group

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The global hot sauce market size reached US$ 5.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

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.

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 report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application, end-use, packaging and distribution channel.

Breakup by Product Type:

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:

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 & Company, Inc., Huy Fong Foods, Inc., Baumer Foods Inc., Garner Foods, B&G Foods, Inc., The Kraft Heinz Company, SALSA TAMAZULA SA DE CV., Schwartz, and Bruce Foods.

Key Questions Answered in This Report

1. What was the size of the global hot sauce market in 2022?
2. What is the expected growth rate of the global hot sauce market during 2023-2028?
3. What are the key factors driving the global hot sauce market?
4. What has been the impact of COVID-19 on the global hot sauce market?
5. What is the breakup of the global hot sauce market based on the product type?
6. What is the breakup of the global hot sauce market based on the application?
7. What is the breakup of the global hot sauce market based on the end use?
8. What is the breakup of the global hot sauce market based on the packaging?
9. What is the breakup of the global hot sauce market based on the distribution channel?
10. What are the key regions in the global hot sauce market?
11. Who are the key players/companies in the global hot sauce market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 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 & Company, Inc .
  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 The Kraft Heinz Company
  13.3.8 SALSA TAMAZULA SA DE CV .
  13.3.9 Bruce Foods
  13.3.10 Schwartz

LIST OF TABLES

Table 1: Global: Hot Sauce Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Hot Sauce Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 3: Global: Hot Sauce Market Forecast: Breakup by Product Type (in Billion US$), 2023-2028
Table 4: Global: Hot Sauce Market Forecast: Breakup by Application (in Billion US$), 2023-2028
Table 5: Global: Hot Sauce Market Forecast: Breakup by End-Use (in Billion US$), 2023-2028
Table 6: Global: Hot Sauce Market Forecast: Breakup by Packaging (in Billion US$), 2023-2028
Table 7: Global: Hot Sauce Market Forecast: Breakup by Distribution Channel (in Billion US$), 2023-2028
Table 8: Hot Sauce: Raw Material Requirements
Table 9: Global: Hot Sauce Market Structure
Table 10: Global: Hot Sauce Market: Key Players

LIST OF FIGURES

Figure 1: Global: Hot Sauce Market: Major Drivers and Challenges
Figure 2: Global: Hot Sauce Market: Value Trends (in Billion US$), 2017-2022
Figure 3: Global: Hot Sauce Market: Breakup by Region (in %), 2022
Figure 4: Global: Hot Sauce Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Hot Sauce Market: Breakup by Application (in %), 2022
Figure 6: Global: Hot Sauce Market: Breakup by End-Use (in %), 2022
Figure 7: Global: Hot Sauce Market: Breakup by Packaging (in %), 2022
Figure 8: Global: Hot Sauce Market: Breakup by Distribution Channel (in %), 2022
Figure 9: Global: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2023-2028
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$), 2017 & 2022
Figure 14: North America: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 15: Europe: Hot Sauce Market: Value Trends (in Billion US$), 2017 & 2022
Figure 16: Europe: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 17: Asia Pacific: Hot Sauce Market: Value Trends (in Billion US$), 2017 & 2022
Figure 18: Asia Pacific: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 19: Latin America: Hot Sauce Market: Value Trends (in Billion US$), 2017 & 2022
Figure 20: Latin America: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 21: Middle East and Africa: Hot Sauce Market: Value Trends (in Billion US$), 2017 & 2022
Figure 22: Middle East and Africa: Hot Sauce Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 23: Global: Hot Sauce Market (Medium Hot Sauce): Value Trends (in Billion US$), 2017 & 2022
Figure 24: Global: Hot Sauce Market Forecast (Medium Hot Sauce): Value Trends (in Billion US$), 2023-2028
Figure 25: Global: Hot Sauce Market (Mild Hot Sauce): Value Trends (in Billion US$), 2017 & 2022
Figure 26: Global: Hot Sauce Market Forecast (Mild Hot Sauce): Value Trends (in Billion US$), 2023-2028
Figure 27: Global: Hot Sauce Market (Very Hot Sauce): Value Trends (in Billion US$), 2017 & 2022
Figure 28: Global: Hot Sauce Market Forecast (Very Hot Sauce): Value Trends (in Billion US$), 2023-2028
Figure 29: Global: Hot Sauce Market (Cooking Sauce): Value Trends (in Billion US$), 2017 & 2022
Figure 30: Global: Hot Sauce Market Forecast (Cooking Sauce): Value Trends (in Billion US$), 2023-2028
Figure 31: Global: Hot Sauce Market (Table Sauce): Value Trends (in Billion US$), 2017 & 2022
Figure 32: Global: Hot Sauce Market Forecast (Table Sauce): Value Trends (in Billion US$), 2023-2028
Figure 33: Global: Hot Sauce Market (Commercial): Value Trends (in Billion US$), 2017 & 2022
Figure 34: Global: Hot Sauce Market Forecast (Commercial): Value Trends (in Billion US$), 2023-2028
Figure 35: Global: Hot Sauce Market (Household): Value Trends (in Billion US$), 2017 & 2022
Figure 36: Global: Hot Sauce Market Forecast (Household): Value Trends (in Billion US$), 2023-2028
Figure 37: Global: Hot Sauce Market (Jars): Value Trends (in Billion US$), 2017 & 2022
Figure 38: Global: Hot Sauce Market Forecast (Jars): Value Trends (in Billion US$), 2023-2028
Figure 39: Global: Hot Sauce Market (Bottles): Value Trends (in Billion US$), 2017 & 2022
Figure 40: Global: Hot Sauce Market Forecast (Bottles): Value Trends (in Billion US$), 2023-2028
Figure 41: Global: Hot Sauce Market (Other Packagings): Value Trends (in Billion US$), 2017 & 2022
Figure 42: Global: Hot Sauce Market Forecast (Other Packagings): Value Trends (in Billion US$), 2023-2028
Figure 43: Global: Hot Sauce Market: Sales through Supermarkets and Hypermarkets (in Billion US$), 2017 & 2022
Figure 44: Global: Hot Sauce Market Forecast: Sales through Supermarkets and Hypermarkets (in Billion US$), 2023-2028
Figure 45: Global: Hot Sauce Market: Sales through Traditional Grocery Retailers (in Billion US$), 2017 & 2022
Figure 46: Global: Hot Sauce Market Forecast: Sales through Traditional Grocery Retailers (in Billion US$), 2023-2028
Figure 47: Global: Hot Sauce Market: Sales through Online Stores (in Billion US$), 2017 & 2022
Figure 48: Global: Hot Sauce Market Forecast: Sales through Online Stores (in Billion US$), 2023-2028
Figure 49: Global: Hot Sauce Market: Sales through Other Distribution Channels (in Billion US$), 2017 & 2022
Figure 50: Global: Hot Sauce Market Forecast: Sales through Other Distribution Channels (in Billion US$), 2023-2028
Figure 51: Hot Sauce Manufacturing: Process Flow


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