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Newstrail
Newstrail
According to the latest report by IMARC Group, titled “Hot Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global hot sauce market share reached a value of US$ 4.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Hot sauce is a condiment, salsa, or seasoning prepared using chili peppers and other ingredients, including salt, vinegar, fruits, vegetables, garlic, etc. It is commercially made by mixing the chili pepper paste with red tomato puree and cooked to achieve a distinct sp…