Industry Analysis & Industry Trends
If variety is the spice of life, then seasoning, sauce and condiment producers lie at its heart. With a highly diverse product range, the industry has managed to remain resilient despite changing consumer trends, falling incomes and the economic recession. Major players have responded to these obstacles with timely and clever product introductions that incorporate emerging trends into their products and promotional.... purchase to read more
Industry Report - Industry Analysis Chapter
The Hot Sauce Production industry powered through the economic downturn, aided by positive demographic consumption trends, a growing number of hot sauce producers and brands, rising demand from the food-service sector and growing supermarket shelf space for hot sauce in line with consumer demand. According to figures from the US Department of Agriculture (USDA), between 2006 and 2011, US per capita consumption of chili peppers has grown at an average annual rate of 1.7% to 6.9 pounds, demonstrating rising demand for spicy food among consumers. Over the same period, IBISWorld estimates that the US Hot Sauce Production industry has grown at an annualized rate of 5.8%, including an increase of 8.0% in 2011 to $1.0 billion... purchase to read more