Workers in the industry like hot sauce? Maybe, but it happens that Hot Sauce was one spot ahead of Sustainable Building Construction and was ranked 8th in the fastest growing industries in 2012.
Since 2000 the US market for Hot Sauce has increased 150%. The past 10 years the world wide industry growth rate has an average revenue growth rate of 9.3%. If this trend continues the Hot Sauce Industry is expected to be a $1.3 Billion industry by 2017.
This growth in US markets has been driven by demographic consumption trends, and a higher influx of immigration. Asians and Latinos traditionally have a high tolerance for spice, which has helped make spicy food more conventional.
Like the Craft Beer Industry, maybe this growing industry will have the market share shift away from the market leaders.To learn about a few craft hot sauce companies check out these 11 funny craft hot sauce brands.
Hot Sauce is a passions of mine but so is rock climbing. What's better than getting back from a day of climbing then getting charged up with some more hot sauce. If you happen to be in the same area as me (Dublin Ireland) this is a great website to get into the Dublin Rock Climbing scene: http://www.expatclimbing.com