Global Hot Sauce Market - Forecast(2022 - 2027)

Report Code: FBR 98255 Report Format: PDF + Excel

Global Hot Sauce Market Overview

Global Hot Sauce Market size is estimated to reach $3.9 billion by 2027, growing at a CAGR of 5.8% during the forecast period 2022-2027. Hot sauce is nothing more than a condiment prepared from hot chilies that has a variety of culinary applications and is used in diverse cuisines to confer a spicy and bold flavor. Vegetables, capsaicin extracts, chili pepper, vinegar, citrus juice, seasonings, and salt are the featuring ingredients of hot sauce. Many times, mustard oil is also taken into account to highlight the flavor or add additional heat. It is mainly categorized into very hot, medium hot, and mild hot; whereas, Aji, Cascabel, Cayenne, and Anaheim are the most persistently used peppers to formulate the same. The presence of chemical compounds like capsaicin in the hot sauce adds nutritional benefits as it is a sound source of carotenoids and nutrients like lutein, carotene, zinc, and vitamin C. Besides, the presence of antioxidants makes hot sauce extremely useful in treating acidity, high blood pressure, and premature aging complications. Moreover, proliferating usage in food preparation, enlarging fast and RTE food consumption among urban dwellers, culture exchanges, broadening disposable incomes, and augmenting predilection for spicy food among younger people are factors set to drive the growth of the Global Hot Sauce Market for the period 2022-2027.

Report Coverage

The report: “Global Hot Sauce Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Hot Sauce Market.

By Type: Extremely hot, Medium hot, and Minor hot.
By Packaging: Glass Jars, Bottles (Glass and Plastic), Sachets, and Others.
By Distribution Channel: Offline (Supermarket/Hypermarkets, Convenience stores, brick-and-mortar) and online.
By End User: Foodservice Providers and Households.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).

Key Takeaways

  • Geographically, the North America Global Hot Sauce Market accounted for the highest revenue share in 2021. The growth is owing to diverse cultures, heavy consumption of RTE food, high disposable incomes, and the presence of prominent players in the said market. Furthermore, Asia-Pacific is poised to dominate the market over the period 2022-2027.
  • Enlarging longings for peppery food, spiraling foodservice industry, strengthening the retail network, and growing living standards of people in developing countries are said to be preeminent drivers driving the growth of the Global Hot Sauce Market. Whereas, strangled demand and supply and health hitches accompanied by excess consumption are said to reduce the market growth.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Hot Sauce Market report.

Global Hot Sauce Market Share, By Geography (%) in 2021

Global Hot Sauce Market Share

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Global Hot Sauce Market Segment Analysis-By End-User

The Global Hot Sauce Market based on the end-user type can be further segmented into foodservice providers (restaurants, hotels, cafés, street vendors, and others) and households. The households segment held the largest share in 2021. The growth is owing to rising awareness among people regarding the existence of such products. As a result, hot sauce has found its way into millions of kitchens worldwide. Also, cultural exchanges because of globalization are providing people a more inclusive exposure to diverse cuisines. Moreover, the food service segment is estimated to be the fastest-growing with a CAGR of 6.5% over the forecast period 2022-2027. This growth is owing to the humungous requirement of condiments like hot sauce as serving food is the core business of these hospitality venues. Also, relaxation in the COVID-19 restrictions is reviving the demand.

Global Hot Sauce Market Segment Analysis-By Distribution Channel

The Global Hot Sauce Market based on distribution channels can be further segmented into Offline (Supermarket/Hypermarkets, Convenience stores, brick-and-mortar) and online. The offline segment held the largest share in 2021. The growth is owing to benefits like instant purchase options, one-stop solutions, easy returns, wide-ranging existence in impoverished areas, sale support, and others. Furthermore, the online segment is estimated to be the fastest-growing with a CAGR of 6.7% over the forecast period 2022-2027. This growth is owing to ever-growing digitalization. With rising smartphone users, the percentage of the tech-friendly population is witnessing a sheer surge. Moreover, owing to conveniences like 24/7 availability, better deals, strong marketing strategies, better product comparison, and tine saving nature of e-commerce purchases have allured millions of people around the world. In addition to that, to enhance customer experience, many e-commerce companies have started offering to save day delivery to customers which is anticipated to propel growth further.

Global Hot Sauce Market Segment Analysis-By Geography

The Global Hot Sauce Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest share with 41% of the overall market in 2021. The growth in this segment is owing to the factors such as heightened demand for diversified food flavors. Hot sauce has become an indispensable part of kitchens in Canada and the US. The US is widely known as a melting pot of cultures as every year millions of people of different ethnicity and culture migrate to the U.S. in search of better jobs and career prospects. Therefore, diverse cuisine culture is paving way for the global hot sauce market. Moreover, owing to developed economies people in Canada and the US enjoy high purchasing power which is another factor propelling the growth of the aforementioned market in the said segment. In addition, the trend for ready-to-eat foods is wat higher in North American countries as compared to other parts of the world. However, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to the rising economic prosperity of developing nations. Moreover, countries like India are a continent in themselves as they are home to diverse cultures and cuisines. Additionally, bettering retail chains' networks has its fair share in propelling the market growth.

Global Hot Sauce Market Drivers

The enlarging adoption of RTE foods with expanding modernization is anticipated to boost market demand

Because of a lack of adequate resources and industrialization people in bucolic areas don’t get proper excess to growth opportunities. Therefore, every year millions flee their homes to cities in their quest of searching for a good job and leading a happy life. As a result, the urban population around the globe is mounting quite rapidly. For instance, as of 2022 urban stands around 4.46 billion; however, the figure is anticipated to reach 6.68 billion by the year 2050. As the urban population is rising, so are the living standards of people. The trend of ready-to-eat and fast foods have heightened in recent years which is driving the growth of the global hot sauce market.

Rising GDP per capita is expected to boost market demand

Besides countries like Luxembourg, Liechtenstein, and Ireland that have per capita over $110,000, the GDP per capita of several European Union countries has reached over $65,000 which is way higher compared to other parts of the world. As a result, people residing in these countries enjoy quality lifestyles. However, the world is witnessing a drastic shift in wealth from west to east. Asia has emerged as a new wealth center as exports from developing countries like China and India are sky-rocketing. According to a report published by Global Times, despite the pandemic, Chia’s GDP per capita income in 2021 reached $12,551. Later that year, China declared itself free from extreme poverty. Consequently, with growing affluence, it is becoming easy for people to make purchases easily.

Global Hot Sauce Market Challenges

Health issues connected with overconsumption coupled with demand and supply mismatch owing to the pandemic are anticipated to hamper the market growth

The downside of consuming too much hot sauce is that it can set complications like loose motions, vomiting, and severe digestion issues in motion. Similarly, spicy foods increase the threat of developing piles problems over time which can challenge the growth of the global hot sauce market. In a survey by Kalsec, in the U.S., among consumers aged 18 and older, 80% of consumers enjoy hot and spicy foods. Over half of those surveyed eat spicy foods at least once a week. In addition, the frequency of consumption and heat levels of hot and spicy foods continues to rise causing many health issues. In addition to that, there is a gigantic disparity between demand and supply as the world is seeing a new virus variant every 2 or 3 months.

Global Hot Sauce Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. The Global Hot Sauce market top 10 companies include-

1. Garner Foods
2. Kraft Heinz
3. McIlhenny Company
4. McCormick
5. B&G Foods
6. Schwarts
7. Baumer Foods
8. Conagra Brands
9. Unilever PLC
10. Campbell Soup Company

Recent Developments

  • On December 30, 2020, Maryland, United States-based McCormick & Company (a firm well-known for its condiments, spices, and seasoning mixes) declared that it has successfully acquired a full ownership interest in US-based FONA International (a company that manufactures flavors). A payment of $710 (cash) was made by McCormick to bring the acquisition to a close.
  • On December 1, 2020, New Jersey, United States-based branded food company “B&G Foods” announced that it has successfully acquired oil brand Ionic Crisco from Ohio, United States-based food manufacturing company “The J.M. Smucker Company.” The total value of the transaction stands around $550 million (all in cash). Besides an oil brand, B&G has added a manufacturing facility to its Assets.
  • On August 2, 2019, New Jersey, United States-based Campbell soup Company (a firm that deals in snack and food processing business) announced that it has successfully reached an agreement with US-based investment firm “KKR.” According to the agreement Campbell agreed to sell some of its operations to KKR. Moreover, Campbell will receive an astounding payment of $2.2 billion on completion of the deal.

Relevant Reports:

Europe Sauces, Dressings & Condiments Market – Forecast (2022 - 2027)

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Packaged Japanese Traditional Foods Market – Forecast (2022 - 2027)

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Spices Market – Forecast (2022 - 2027)

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1. Global Hot Sauce Market - Overview
    1.1 Definitions and Scope
2. Global Hot Sauce Market - Executive Summary
3. Global Hot Sauce Market– Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis-Global
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Global Hot Sauce Market– Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Global Hot Sauce Market– Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index-Global
    5.3 Case Studies of Successful Ventures
6. Global Hot Sauce Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Global Hot Sauce Market– By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Global Hot Sauce Market - By Type (Market Size –$Million/$Billion) 
    8.1 Extremely hot
    8.2 Medium hot
    8.3 Minor hot
9. Global Hot Sauce Market - By Packaging (Market Size –$Million/$Billion) 
    9.1 Glass Jars
    9.2 Bottles (Glass and Plastic)
    9.3 Sachets
    9.4 Others
10. Global Hot Sauce Market – By Distribution Channel (Market Size –$Million/$Billion) 
    10.1 Offline (Supermarket/Hypermarkets, Convenience stores, brick-and-mortar)
    10.2 Online
11. Global Hot Sauce Market – By End-User (Market Size –$Million/$Billion) 
    11.1 Foodservice Providers
    11.2 Households
12. Global Hot Sauce Market- By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico  
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific 
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Rest of South America
    12.5 Rest of World
        12.5.1 Middle East
        12.5.2 Africa
13. Global Hot Sauce Market- Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Global Hot Sauce Market– Industry Competition Landscape (Premium)
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key Companies
        14.1.3 Market Share by Countries – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Global Hot Sauce Market– Key Company List by Country Premium (Premium)
16. Global Hot Sauce Market- Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies*"

LIST OF TABLES

1.Global Key Manufacturers Market 2019-2024 ($M)
1.1 Pepper Sauce Market 2019-2024 ($M) - Global Industry Research
1.2 Aunt May's Market 2019-2024 ($M) - Global Industry Research
1.3 Schwartz Market 2019-2024 ($M) - Global Industry Research
1.4 Encona Market 2019-2024 ($M) - Global Industry Research
1.5 Tabasco Market 2019-2024 ($M) - Global Industry Research
1.6 Frank's Market 2019-2024 ($M) - Global Industry Research
1.7 Marie Sharp's Market 2019-2024 ($M) - Global Industry Research
1.8 Walkerswood Market 2019-2024 ($M) - Global Industry Research
1.9 Purple Pepper Hot Sauce Market 2019-2024 ($M) - Global Industry Research
1.10 Dave's Gourmet Market 2019-2024 ($M) - Global Industry Research
1.11 Biona Market 2019-2024 ($M) - Global Industry Research
2.Global Market by Type Market 2019-2024 ($M)
2.1 Medium Hot Market 2019-2024 ($M) - Global Industry Research
2.2 Very Hot Market 2019-2024 ($M) - Global Industry Research
2.3 Hot Market 2019-2024 ($M) - Global Industry Research
3.Global Key Manufacturers Market 2019-2024 (Volume/Units)
3.1 Pepper Sauce Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Aunt May's Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Schwartz Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Encona Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Tabasco Market 2019-2024 (Volume/Units) - Global Industry Research
3.6 Frank's Market 2019-2024 (Volume/Units) - Global Industry Research
3.7 Marie Sharp's Market 2019-2024 (Volume/Units) - Global Industry Research
3.8 Walkerswood Market 2019-2024 (Volume/Units) - Global Industry Research
3.9 Purple Pepper Hot Sauce Market 2019-2024 (Volume/Units) - Global Industry Research
3.10 Dave's Gourmet Market 2019-2024 (Volume/Units) - Global Industry Research
3.11 Biona Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Market by Type Market 2019-2024 (Volume/Units)
4.1 Medium Hot Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Very Hot Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Hot Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Key Manufacturers Market 2019-2024 ($M)
5.1 Pepper Sauce Market 2019-2024 ($M) - Regional Industry Research
5.2 Aunt May's Market 2019-2024 ($M) - Regional Industry Research
5.3 Schwartz Market 2019-2024 ($M) - Regional Industry Research
5.4 Encona Market 2019-2024 ($M) - Regional Industry Research
5.5 Tabasco Market 2019-2024 ($M) - Regional Industry Research
5.6 Frank's Market 2019-2024 ($M) - Regional Industry Research
5.7 Marie Sharp's Market 2019-2024 ($M) - Regional Industry Research
5.8 Walkerswood Market 2019-2024 ($M) - Regional Industry Research
5.9 Purple Pepper Hot Sauce Market 2019-2024 ($M) - Regional Industry Research
5.10 Dave's Gourmet Market 2019-2024 ($M) - Regional Industry Research
5.11 Biona Market 2019-2024 ($M) - Regional Industry Research
6.North America Market by Type Market 2019-2024 ($M)
6.1 Medium Hot Market 2019-2024 ($M) - Regional Industry Research
6.2 Very Hot Market 2019-2024 ($M) - Regional Industry Research
6.3 Hot Market 2019-2024 ($M) - Regional Industry Research
7.South America Key Manufacturers Market 2019-2024 ($M)
7.1 Pepper Sauce Market 2019-2024 ($M) - Regional Industry Research
7.2 Aunt May's Market 2019-2024 ($M) - Regional Industry Research
7.3 Schwartz Market 2019-2024 ($M) - Regional Industry Research
7.4 Encona Market 2019-2024 ($M) - Regional Industry Research
7.5 Tabasco Market 2019-2024 ($M) - Regional Industry Research
7.6 Frank's Market 2019-2024 ($M) - Regional Industry Research
7.7 Marie Sharp's Market 2019-2024 ($M) - Regional Industry Research
7.8 Walkerswood Market 2019-2024 ($M) - Regional Industry Research
7.9 Purple Pepper Hot Sauce Market 2019-2024 ($M) - Regional Industry Research
7.10 Dave's Gourmet Market 2019-2024 ($M) - Regional Industry Research
7.11 Biona Market 2019-2024 ($M) - Regional Industry Research
8.South America Market by Type Market 2019-2024 ($M)
8.1 Medium Hot Market 2019-2024 ($M) - Regional Industry Research
8.2 Very Hot Market 2019-2024 ($M) - Regional Industry Research
8.3 Hot Market 2019-2024 ($M) - Regional Industry Research
9.Europe Key Manufacturers Market 2019-2024 ($M)
9.1 Pepper Sauce Market 2019-2024 ($M) - Regional Industry Research
9.2 Aunt May's Market 2019-2024 ($M) - Regional Industry Research
9.3 Schwartz Market 2019-2024 ($M) - Regional Industry Research
9.4 Encona Market 2019-2024 ($M) - Regional Industry Research
9.5 Tabasco Market 2019-2024 ($M) - Regional Industry Research
9.6 Frank's Market 2019-2024 ($M) - Regional Industry Research
9.7 Marie Sharp's Market 2019-2024 ($M) - Regional Industry Research
9.8 Walkerswood Market 2019-2024 ($M) - Regional Industry Research
9.9 Purple Pepper Hot Sauce Market 2019-2024 ($M) - Regional Industry Research
9.10 Dave's Gourmet Market 2019-2024 ($M) - Regional Industry Research
9.11 Biona Market 2019-2024 ($M) - Regional Industry Research
10.Europe Market by Type Market 2019-2024 ($M)
10.1 Medium Hot Market 2019-2024 ($M) - Regional Industry Research
10.2 Very Hot Market 2019-2024 ($M) - Regional Industry Research
10.3 Hot Market 2019-2024 ($M) - Regional Industry Research
11.APAC Key Manufacturers Market 2019-2024 ($M)
11.1 Pepper Sauce Market 2019-2024 ($M) - Regional Industry Research
11.2 Aunt May's Market 2019-2024 ($M) - Regional Industry Research
11.3 Schwartz Market 2019-2024 ($M) - Regional Industry Research
11.4 Encona Market 2019-2024 ($M) - Regional Industry Research
11.5 Tabasco Market 2019-2024 ($M) - Regional Industry Research
11.6 Frank's Market 2019-2024 ($M) - Regional Industry Research
11.7 Marie Sharp's Market 2019-2024 ($M) - Regional Industry Research
11.8 Walkerswood Market 2019-2024 ($M) - Regional Industry Research
11.9 Purple Pepper Hot Sauce Market 2019-2024 ($M) - Regional Industry Research
11.10 Dave's Gourmet Market 2019-2024 ($M) - Regional Industry Research
11.11 Biona Market 2019-2024 ($M) - Regional Industry Research
12.APAC Market by Type Market 2019-2024 ($M)
12.1 Medium Hot Market 2019-2024 ($M) - Regional Industry Research
12.2 Very Hot Market 2019-2024 ($M) - Regional Industry Research
12.3 Hot Market 2019-2024 ($M) - Regional Industry Research
13.MENA Key Manufacturers Market 2019-2024 ($M)
13.1 Pepper Sauce Market 2019-2024 ($M) - Regional Industry Research
13.2 Aunt May's Market 2019-2024 ($M) - Regional Industry Research
13.3 Schwartz Market 2019-2024 ($M) - Regional Industry Research
13.4 Encona Market 2019-2024 ($M) - Regional Industry Research
13.5 Tabasco Market 2019-2024 ($M) - Regional Industry Research
13.6 Frank's Market 2019-2024 ($M) - Regional Industry Research
13.7 Marie Sharp's Market 2019-2024 ($M) - Regional Industry Research
13.8 Walkerswood Market 2019-2024 ($M) - Regional Industry Research
13.9 Purple Pepper Hot Sauce Market 2019-2024 ($M) - Regional Industry Research
13.10 Dave's Gourmet Market 2019-2024 ($M) - Regional Industry Research
13.11 Biona Market 2019-2024 ($M) - Regional Industry Research
14.MENA Market by Type Market 2019-2024 ($M)
14.1 Medium Hot Market 2019-2024 ($M) - Regional Industry Research
14.2 Very Hot Market 2019-2024 ($M) - Regional Industry Research
14.3 Hot Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Hot Sauce Market Revenue, 2019-2024 ($M)
2.Canada Global Hot Sauce Market Revenue, 2019-2024 ($M)
3.Mexico Global Hot Sauce Market Revenue, 2019-2024 ($M)
4.Brazil Global Hot Sauce Market Revenue, 2019-2024 ($M)
5.Argentina Global Hot Sauce Market Revenue, 2019-2024 ($M)
6.Peru Global Hot Sauce Market Revenue, 2019-2024 ($M)
7.Colombia Global Hot Sauce Market Revenue, 2019-2024 ($M)
8.Chile Global Hot Sauce Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Hot Sauce Market Revenue, 2019-2024 ($M)
10.UK Global Hot Sauce Market Revenue, 2019-2024 ($M)
11.Germany Global Hot Sauce Market Revenue, 2019-2024 ($M)
12.France Global Hot Sauce Market Revenue, 2019-2024 ($M)
13.Italy Global Hot Sauce Market Revenue, 2019-2024 ($M)
14.Spain Global Hot Sauce Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Hot Sauce Market Revenue, 2019-2024 ($M)
16.China Global Hot Sauce Market Revenue, 2019-2024 ($M)
17.India Global Hot Sauce Market Revenue, 2019-2024 ($M)
18.Japan Global Hot Sauce Market Revenue, 2019-2024 ($M)
19.South Korea Global Hot Sauce Market Revenue, 2019-2024 ($M)
20.South Africa Global Hot Sauce Market Revenue, 2019-2024 ($M)
21.North America Global Hot Sauce By Application
22.South America Global Hot Sauce By Application
23.Europe Global Hot Sauce By Application
24.APAC Global Hot Sauce By Application
25.MENA Global Hot Sauce By Application