The global hot sauce market is anticipated to grow from $2.71 billion in 2021 to $4.38 billion in 2028 at a CAGR of 7.1% during forecast period, 2021-2028
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The global hot sauce market reached a value of US$ 4.5 Billion in 2020. Looking forward, the publisher expects the market to exhibit moderate growth 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 flavors. It has become a significant part of the modern kitchen; however, the preparation styles and flavors 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 flavors 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.
Report Scope
Market 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.
Market Breakup by Application:
Cooking Sauce
Table sauce
Amongst these, cooking sauce represents the biggest segment, accounting for majority of the market share.
Market Breakup by End-Use:
Commercial
Household
Amongst these, commercial sector represents the biggest segment, accounting for majority of the market share.
Market Breakup by Packaging:
Jars
Bottles
Others
Amongst these, jars represent the leading segment, accounting for the highest market share.
Market 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.
Market 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.
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