Due to the presence of a small number of major international competitors, the hot sauce market is highly competitive. During the forecast period, there will be a large number of new players entering the market and numerous advancements. Major players are concentrating on launching the newest items by joining forces and collaborating to diversify their product lines. For instance, in August 2021, Bibigo announced that they would be adding GOTCHU, an ancient Korean hot sauce, to their line-up. This sauce is commonly used in Korean dishes like Mini Wontons, Mandu, and Steamed Soup Dumplings. 'The Kraft Heinz Company', 'Unilever PLC.', 'McCormick & Company, Incorporated', 'Huy Fong Foods, Inc.', 'Tabasco (McIlhenny Company)', 'PepsiCo, Inc.', 'Louisiana Hot Sauce', 'Cholula Hot Sauce (B&G Foods)', 'Crystal Hot Sauce (Baumer Foods)', 'Frank's RedHot (McCormick & Company, Incorporated)', 'Sriracha (Huy Fong Foods, Inc.)', 'Valentina Hot Sauce (Salsa Tamazula, S.A. de C.V.)', 'Tapatío Hot Sauce (Tapatío Foods, Inc.)', 'El Yucateco (El Yucateco S.A. de C.V.)', 'Secret Aardvark Trading Co.', 'Palo Alto Firefighters', 'Trader Joe's', 'Dave's Gourmet', 'Marie Sharp's Fine Foods Ltd.', 'Mad Dog 357'