Overview

Heating up: Due to hot sauce popularity, industry revenue will grow

IBISWorld’s Hot Sauce Production market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry growth is largely attributed to the rising popularity of hot sauces and spicy foods
  • Operators ship products internationally and compete against foreign producers for the US market
  • Increasing incomes will enable consumers to continue purchasing hot sauce

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    The Hot Sauce Production industry produces spicy sauces made from chili peppers and other ingredients which are then sold to retailers, wholesalers and other food manufacturers. Following exponential gains in the early 2000s, the industry has settled into more moderate growth in the five years to 2017. The outlook for domestic hot sauce producers remains largely positive, particularly as demand for US-made condiments continues to rise in export markets. Whereas the previous five years were characterized by increasing market acceptance and usage of hot sauces, the next five years will be characterized by growth in per capita consumption and increasing competition from foreign manufacturers and new industry entrants...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry SWOT Analysis Chapter

    The Hot Sauce Production industry is the growth stage of its life cycle. Over the 10 years to 2022, industry value added (IVA), which measures an industry's contribution to the economy, is forecast to increase at an annualized rate of 3.6%. Comparatively, US GDP is projected to grow at an annualized rate of 2.0% during the same period. The industry's growth is largely attributed to the rising popularity and mainstream adoption of hot sauces, and spicy foods in general in recent years. As the rising number of immigrants to the United States has driven per capita chili consumption up, US consumers have increasingly demanded hot sauce products. Accordingly, the total number of hot sauce producers in the United States has increased. In ..

    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Hot Sauce Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hot Sauce Production Industry are

  • Having a high profile in the market
  • Having a loyal customer base
  • Having a wide and expanding product range
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Price of fruit in the Hot Sauce Production industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Hot Sauce Production Industry?

    This industry manufactures spicy sauce made from chili peppers and other ingredients. These products are then packaged and sold directly to consumers or distributed to grocery wholesalers, supermarkets, specialty food stores and food-service contractors. This industry excludes producers of pre-made salsa and paste-style products such as hot curry or chili pastes.

    Industry Products
    Hot
    Medium
    Mild
    Industry Activities
    Developing hot sauce
    Producing hot sauce
    Distributing hot sauce

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Price of fruit
  • Trade-weighted index
  • Number of immigrants
  • Demand from food services and drinking places
  • Demand from supermarkets and grocery stores

  • Current Performance
  • Hot commodity
  • A taste of culture
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Stable demand
  • Competition heats up
  • Table: Hot Sauce Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hot Sauce Production Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Seasoning, Sauce and Condiment Production
  • Supermarkets & Grocery Stores
  • Specialty Food Stores
  • Chain Restaurants
  • Single Location Full-Service Restaurants
  • Food Service Contractors
  • Fast Food Restaurants
  • Consumers

  • Key Selling Industries
  • Fruit & Vegetable Wholesaling
  • Glass Product Manufacturing
  • Industrial Machinery & Equipment Wholesaling
  • Seasoning, Sauce and Condiment Production
  • Syrup & Flavoring Production
  • Vegetable Farming

  • Products & Services
  • Mild
  • Medium
  • Hot
  • Chart: Hot Sauce Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets and grocery stores
  • Grocery wholesalers
  • Food-service industry
  • Exports
  • Other food product manufacturers
  • Chart: Major Market Segmentation for the Hot Sauce Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Hot Sauce Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hot Sauce Production Industry

  • Industry Globalization
    Major Companies
    McIlhenny CompanyReckitt Benckiser PLCHuy Fong Foods
  • Table: McIlhenny Company - financial performance
  • Table: Reckitt Benckiser PLC - financial performance
  • Table: Huy Fong Foods - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hot Sauce Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hot Sauce Production Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Tabasco Pepper
  • A variety of chili pepper species capsicum frutescens; the core ingredient of Tabasco brand sauce
  • Capsaicin
  • Chemical compound that stimulates chemoreceptor nerve endings in the skin, especially the mucous membranes
  • Scoville Scale
  • A measurement of the spicy heat (or piquancy) of a product
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to retailers, eliminating the middleman
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hot Sauce Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hot Sauce Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hot Sauce Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear