Entertainment Newswire

Entertainment-Newswire.Com

Entertainment, Music, Books, Plays, Video Games, Film
Entertainment News

Hot Sauce Market Report, Industry Overview, Growth Rate and Forecast 2024

 



(Entertainment-NewsWire.com, August 02, 2019 ) According to the latest report by IMARC Group, titled “Hot Sauce Market Research Report and Forecast 2019-2024”, the global hot sauce market size reached US$ 4.1 Billion in 2018. Hot sauce, also known as chili sauce, is a type of condiment made from vinegar, chili peppers, garlic and salt. Many commercial varieties of mass-produced chili sauce exist, out of which some are canned with red tomato while others are fermented to add a distinct flavor element. They are widely used in the preparation of Asian, African and Latin American dishes. However, cross-cultural interaction has led to a rise in the consumption of hot sauces across the globe.

Request for a free sample copy of this report: https://www.imarcgroup.com/hot-sauce-market/requestsample

Global Hot Sauce Market Trends:

Hot sauce consists of a chemical called capsaicin that provides a distinctive spicy flavor to it. The sauce also contains vitamins, carbohydrates, minerals and antioxidants, which help in improving metabolism and eye health, and reducing the risk of cancer and congestion. Apart from this, with the rising number of fast-food chains and restaurants, the demand for hot sauce has increased as it is extensively used as a flavor enhancer in these establishments. Further, the easy availability of raw materials and longer shelf-life have resulted in the rising adoption of hot sauce. Looking forward, the market value is projected to reach US$ 5.5 Billion by 2024, exhibiting a CAGR of 5.4% during 2019-2024.

Explore full report with table of contents: https://www.imarcgroup.com/hot-sauce-market

Key Market Segmentation:

Market Breakup by Product Type:

1. Medium Hot Sauce
2. Mild Hot Sauce
3. Very Hot Sauce

Based on the product type, the market has been segmented as mild, medium and very hot sauces. Amongst these, mild hot sauce is the most popular product type, holding the largest market share.

Market Breakup by Application:

1. Cooking Sauce
2. Table Sauce

The market has been segregated on the basis of the application into cooking sauce and table sauce. Cooking sauce currently holds the majority of the overall market share.

Market Breakup by End-Use:

1. Commercial
2. Household

On the basis of the end use, the commercial sector dominates the market, representing the largest segment. The commercial sector is followed by the household sector.

Market Breakup by Packaging:

1. Jars
2. Bottles
3. Others

Based on the packaging, the report finds that hot sauce is mostly packaged in jars, followed by bottles and others.

Market Breakup by Distribution Channel:

1. Supermarkets and Hypermarkets
2. Traditional Grocery Retailers
3. Online Stores
4. Others

The market has been categorized based on the distribution channel into supermarkets and hypermarkets, traditional grocery retailers, online retailers and others. At present, supermarkets and hypermarkets are the largest distribution channels across the globe.

Market Breakup by Region:

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa

Region-wise, North America exhibits a clear dominance in the global hot sauce market. Other major regions include Asia Pacific, Europe, Latin America, and Middle East and Africa.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being McIlhenny Company, McCormick and Co., Huy Fong Food, Baumer Foods, Garner Foods, B&G Foods, Kraft Heinz, Salsa Tamazula, Bruce Foods, Schwartz.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Services Pvt. Ltd.

Richard Lewis

6317911145

sales@imarcgroup.com

Source: EmailWire.Com

Source: EmailWire.com

Entertainment: Movie, Television Previews
Advertisement on Entertainment

Press release distribution services: Submit press release to major media. Unlimited press release service

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

CityRegions.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2012 GroupWeb Media LLC. All Rights Reserved.


GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
CityRegions.com - Newswire and Press Release service of GroupWeb Media LLC