The Latin America, Middle East and Africa Hot Sauce Market would witness market growth of 9.2% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 23.4 Kilo Tonnes, showcasing a growth of 11% (2023-2030).
Chili peppers, the primary constituent in hot sauce, contain capsaicin, a compound believed to have multiple health benefits. It has been reported that capsaicin may help relieve pain, increase metabolism, and possibly combat cancer. As consumers become increasingly health-conscious and search out functional foods, the perceived health benefits of hot sauce serve as a compelling factor driving its consumption.
Capsaicin is occasionally administered topically to help with alleviating pain. It works by stimulating pain receptors in the body and may be used to treat rheumatoid arthritis and diabetic neuropathy, a form of nerve injury caused by diabetes. According to some research, capsaicin enhances the metabolism, enhances fat burning, and suppresses appetite, all of which may contribute to weight loss. Studies in test tubes indicate that this compound may reduce inflammatory markers.
It has been demonstrated that hot sauce helps people maintain a healthy weight and prevents obesity. It lowers ghrelin levels, a hunger-inducing hormone, and increases GLP-1 levels, an appetite-suppressing hormone that will help to avoid overeating. It has been demonstrated that capsaicin-rich hot sauce can help avoid hyperinsulinemia, a condition in which the body creates excess insulin levels. The spiciness can encourage stomach secretions, which help with digestion.
With the opening of large-scale hypermarkets, supermarkets, convenience stores, online retailers, and home delivery services serving a rising population, the food retail segment in the United Arab Emirates has risen quickly during the last ten years. People in the country are leading increasingly hectic lives, which allows them to pick foods that are ready to eat. Egypt's Ready-to-Eat food industry is predicted to gain popularity due to the growing preference of Egyptians towards purchasing ready to-eat foods. This inclination towards ready-to-eat foods is anticipated to surge the market expansion in the region.
The Brazil market dominated the LAMEA Hot Sauce Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $83.8 million by 2030. The Argentina market is estimated to witness a CAGR of 9.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Hot Sauce Market is Projected to reach USD 4.5 Billion by 2030, at a CAGR of 6.6%
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.
By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By End-use (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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