(Food-Beverage-News.Com, August 09, 2018 ) Hot Dog and Sausages market is anticipated to grow at 3.1% CAGR from 2018to 2023 and it is estimated that the Global market was valued at USD 73.37 billion in 2018 and is expected to reach USD 85.47 billion by 2023.
The Hot dog is a mixture of meat and fat that are finely ground together into a paste and kept in cold conditions while making and stuffing. It is a cooked sausage that is grilled or steamed and served in a partly sliced bun. Sausage is a food item consisting ground meat, fat, various spices, and herbs, which are stuffed together into a casing.
The growing demand for low-calorie, organic food products is a trend gaining much prominence across the globe. Looking to avoid the risk of overweight and obesity, an increasing number of consumers are now demanding organic versions of hot dogs and sausages as well. Hot dogs and sausages are among the most preferred fast foods for kids and youth and as a result, households with kids and college students form the most attractive consumer group for hot dogs and sausages. The growing population of individuals between the ages of 20 and 30 is a key factor driving this market. Major sporting events also contribute to the rising demand, according to a survey by the National Hot Dog and Sausage Council. The rising instances of obesity is a key factor reducing the consumption of hot dogs and sausages as consumers shift toward healthier and less fatty alternatives.
The Global market is segmented on the basis of Type and Product. On the basis of Type, it is segmented into Refrigerated Breakfast Sausages, Refrigerated Dinner Sausages, and Cocktail Sausages. On the basis of product, it is segmented into Pork, Beef, Chicken, and Others. The snacks and bar segment has seen the highest rise in the consumer market owing to the wellness and health trends. Pork dominated this market segment while chicken is expected to be the most attractive segment for the hot dogs and sausages market due to rising health awareness among consumers. There has been a shift in consumer preferences from red meat to chicken since the cholesterol content in red meat is much higher as compared to chicken. Furthermore, chicken does not contain trans-fat, which is one of the main factors leading to coronary diseases.
On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific held the largest share of the market followed by North America and Europe. The Asia Pacific market is driven by a rise in the preference for fast food among the younger generation in the developing countries. One of the major factors contributing to this factor is an increase in the number of individuals belonging to the age group of 20-30. The hot dogs and sausages market in the Middle East and Africa is projected to register significant growth due to the increasingly busy lifestyles of the working class, growth in the frequency of major sporting events, and an increase in the number of households with kids.
The market is dominated by companies like Bar-S Foods Co., ConAgra Foods, Inc., Bob Evans Farms, Inc., Johnsonville Sausage, LLC, Sara Lee Food & Beverage, Family Dollar Stores, Inc., Boklunder, Atria Plc., Animex, Campofrio Food Group, Elpozo, Sigma Alimentos, JBS Argentina, and Tyson Foods Inc.
About MarketDataForecast
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
