The Champagne of Hot Sauces,Dave DeWitt copy

Hot Sauces Are, Well, On Fire

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The Champagne of Hot Sauces,Dave DeWitt copy

By Dave DeWitt

According to The Wall Street Journal and Euromonitor, hot sauces have notched the fastest retail sales growth among condiments over the past five years: 23.5%. Sales in 2018 were $701.7 million. Barbecue sauces grew 12.3% over the same period of time, with retail sales of $765.4 million. Note that salsa is a separate category for condiments and estimated 2018 sales are $1 billion. Other sauce sales for comparative purposes, in millions: Soy, $879.2; Ketchup, $906.0; Salad dressing, $265.
Recent developments in the hot sauce industry:
–Harold Osborn has been named CEO of the McIlhenny Company.
–Kraft Heinz Co. will distribute a line of chile sauces by David Chang of Momofuku restaurants fame.
–McCormick & Co. has bought the number one hot sauce in the U.S. by market share, Frank’s Red Hot.
–Private equity firm L. Catterton bought Cholula hot sauce.

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Publisher | Christened the "Pope of Peppers" by The New York Times, Dave DeWitt is a food historian and one of the foremost authorities in the world on chile peppers, spices, and spicy foods.

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