The Europe Hot Sauce Market should witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 54.5 Kilo Tonnes, showcasing a growth of 5.8% (2019-2022).
The rising popularity of spicy cuisine is advantageous for the market. Hot sauce offers consumers the desired taste and heat in bold and intense flavors. Nowadays, customers desire a diversity of robust, exotic flavors. The expansion of the market can be attributed to the increasing demand for capsaicin, the compound responsible for the intensity of the hot sauce. Capsaicin has multiple health benefits, including boosting metabolism, relieving pain, aiding digestion, and possessing antioxidant properties.
The health advantages of capsaicin have encouraged health-conscious individuals to consume hot sauce. The spiciness of these sauce adds excitement to meals, and the demand for these sauce is driven by the availability of hot sauce with its distinct flavor and level of heat. Some hot sauces are produced with gentler peppers, whereas others utilize the hottest. The manufacturers of spicy sauces add flavors like garlic, onion, or cumin to increase the sauce's depth.
Consumers are increasingly incorporating spicy sauce into their meals, whether drizzled on tacos, added to soups and stews, or used as a meat marinade. This shift in consumer preferences has generated a significant market opportunity for the growth market for hot sauce manufacturers.
Europe is one of the most popular tourist attractions in the world. In recent years, Europe's hotel industry has benefited from a prolonged economic boom. The tourist and hotel sector are one of the main revenue-producing industries in this region, contributing £66 billion to GVA, according to the British government. The farm-to-table movement promotes direct relationships between producers and consumers, ensuring fresher ingredients and supporting local agriculture. The expansion of hospitality and tourism industries globally has further accelerated the globalization of different cuisines and enhancing the market's size in this region.
The Germany market dominated the Europe Hot Sauce Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $281.5 million by 2030. The UK market is estimated to grow at a CAGR of 5.3% during (2023-2030). Additionally, The France market would exhibit a CAGR of 7% during (2023-2030).
Based on Type, the market is segmented into Tabasco Pepper Sauce, Habanero Pepper Sauce, Jalapeno Sauce, Sweet & Spicy Sauce, and Others. Based on End-use, the market is segmented into Commercial, and Residential. Based on Distribution Channel, the market is segmented into Mass Merchandisers, Specialist Retailers, Convenience Stores, Online Retail, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include McIlhenny Company, Summit hill foods, Hormel Foods Corporation, Baumer Foods, Inc., The Kraft Heinz Company, McCormick & Company, Inc., Campbell Soup Company, Unilever PLC, Conagra Brands, Inc., TW Garner Food Company.
The rising popularity of spicy cuisine is advantageous for the market. Hot sauce offers consumers the desired taste and heat in bold and intense flavors. Nowadays, customers desire a diversity of robust, exotic flavors. The expansion of the market can be attributed to the increasing demand for capsaicin, the compound responsible for the intensity of the hot sauce. Capsaicin has multiple health benefits, including boosting metabolism, relieving pain, aiding digestion, and possessing antioxidant properties.
The health advantages of capsaicin have encouraged health-conscious individuals to consume hot sauce. The spiciness of these sauce adds excitement to meals, and the demand for these sauce is driven by the availability of hot sauce with its distinct flavor and level of heat. Some hot sauces are produced with gentler peppers, whereas others utilize the hottest. The manufacturers of spicy sauces add flavors like garlic, onion, or cumin to increase the sauce's depth.
Consumers are increasingly incorporating spicy sauce into their meals, whether drizzled on tacos, added to soups and stews, or used as a meat marinade. This shift in consumer preferences has generated a significant market opportunity for the growth market for hot sauce manufacturers.
Europe is one of the most popular tourist attractions in the world. In recent years, Europe's hotel industry has benefited from a prolonged economic boom. The tourist and hotel sector are one of the main revenue-producing industries in this region, contributing £66 billion to GVA, according to the British government. The farm-to-table movement promotes direct relationships between producers and consumers, ensuring fresher ingredients and supporting local agriculture. The expansion of hospitality and tourism industries globally has further accelerated the globalization of different cuisines and enhancing the market's size in this region.
The Germany market dominated the Europe Hot Sauce Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $281.5 million by 2030. The UK market is estimated to grow at a CAGR of 5.3% during (2023-2030). Additionally, The France market would exhibit a CAGR of 7% during (2023-2030).
Based on Type, the market is segmented into Tabasco Pepper Sauce, Habanero Pepper Sauce, Jalapeno Sauce, Sweet & Spicy Sauce, and Others. Based on End-use, the market is segmented into Commercial, and Residential. Based on Distribution Channel, the market is segmented into Mass Merchandisers, Specialist Retailers, Convenience Stores, Online Retail, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include McIlhenny Company, Summit hill foods, Hormel Foods Corporation, Baumer Foods, Inc., The Kraft Heinz Company, McCormick & Company, Inc., Campbell Soup Company, Unilever PLC, Conagra Brands, Inc., TW Garner Food Company.
Scope of the Study
By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Tabasco Pepper Sauce
- Habanero Pepper Sauce
- Jalapeno Sauce
- Sweet & Spicy Sauce
- Others
By End-use (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Commercial
- Residential
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Mass Merchandisers
- Specialist Retailers
- Convenience Stores
- Online Retail
- Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- McIlhenny Company
- Summit hill foods
- Hormel Foods Corporation
- Baumer Foods, Inc.
- The Kraft Heinz Company
- McCormick & Company, Inc.
- Campbell Soup Company
- Unilever PLC
- Conagra Brands, Inc.
- TW Garner Food Company
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market At a Glance
Chapter 3. Market Overview
Chapter 5. Europe Hot Sauce Market by Type
Chapter 6. Europe Hot Sauce Market by End-use
Chapter 7. Europe Hot Sauce Market by Distribution Channel
Chapter 8. Europe Hot Sauce Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- McIlhenny Company
- Summit hill foods
- Hormel Foods Corporation
- Baumer Foods, Inc.
- The Kraft Heinz Company
- McCormick & Company, Inc.
- Campbell Soup Company
- Unilever PLC
- Conagra Brands, Inc.
- TW Garner Food Company
Methodology
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