The global hot dogs and sausages market was valued at US$ 75,369.78 million in 2019 and is projected to reach US$ 94,134.38 million by 2027; it is expected to grow at a CAGR of 2.9 during the forecast period of 2020 to 2027.
Hot dog is a grilled or steamed food in which a sausage is served inside a partially sliced bun. Sausage is a composite mixture of miniscule meat bits. Hot dog can also be referred to as a sausage. .It is used for wrapping around lean meats for the purpose of providing moisture while it is cooked. As hot dogs and sausages is savory and salty in taste, it is used in the form of grease to fry or cook other dishes. The taste and texture of hot dogs and sausages vary depending upon regions such as American style hot dogs and sausages, Canadian hot dogs and sausages, and Irish hot dogs and sausages. The development of new products with diverse tastes, flavors, and types of hot dogs and sausages can create new market growth opportunities. Most of the market players adopt business strategies, such as new product development and product innovation, to survive in the global competitive market. The food processing industry offers contributions to each country’s GDP. Hence, the companies and market players associated with food processing must always be updated to survive in the market competition. Increasing number of elderly population is turning to healthier sausage options, including organic hot dogs and sausages. Pork or beef sausages contain trans-fat, which is one of the main factors triggering coronary heart disease. Thus, in order to avoid the risk of being obese or overweight, a major number of consumers are demanding organic hot dogs and sausages that are low in sugar or fat content. The young consumers (34 years or less in age) highly prefer organic hot dogs and sausages globally, as they are perceived to be a source of plant protein with lower ecological footprints than pork and beef. This trend is also driving a high number of young consumers to buy sausage brands that are certified organic or have healthier animal husbandry practices.
Based on product, the global hot dogs and sausages market is segmented into pork, beef, chicken, and others. The pork segment led the hot dogs and sausages market with the highest market share in 2019. The pork meat is among the largely consumed red meat in the world. It is an excellent nutritional value source that provides vitamins, such as Vitamin B6, thiamin, phosphorus, niacin, zinc, protein, and other nutrients. Pork is also considered suitable for a healthy heart. In the market, different types of flavors of hot dogs and sausages are available. Swine are raised and bred as livestock by various small scale and large scale swine farmers. The quality of the health of the animal is managed during the breeding process. The pork meat-related products such as hot dogs and sausages business have limitations in the Islamic regions and countries as pork consumption is forbidden. Also, pork is illegal in Islamic countries. This has restricted the pork hot dogs and sausages market in regions such as the Middle East and other Islamic countries.
Geographically, the hot dogs and sausages market is segmented into North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa (MEA). North America held the largest share of the global hot dogs and sausages market, followed by Europe and Asia Pacific. The food & beverages companies operating in North America are continuously enhancing the overall business processes to meet rising demands of the customers in the best possible way. Several domestic and international companies have a strong foothold in North America. Key players operating in the North America hot dogs and sausages market include Hormel Foods, LLC and Smithfield Foods. In the region, the US is one of the largest consumers of hot dogs and sausages, followed by Canada and Mexico. The US is a developed market for hot dogs and sausages due to rising consumption of convenience products and surging demand from the working population due to busy lifestyle. Canada is among the leading producers of pork meat. Approximately 50% of all Canadian pork is further processed into cooked and cured products. Mexico is another important economy that is contributing to North America’s hot dogs and sausages market. The availability of an extensive range of hot dogs and sausages products in the market, along with a rise in disposable income, is expected to drive the growth of the market in Mexico.
The COVID-19 outbreak first started in Wuhan, China, during December 2019 and it has spread across the globe at a rapid pace. The US, India, Brazil, Russia, Mexico, South Africa, Spain, and Argentina are among the most affected countries in terms of confirmed cases and reported deaths as of September 2020. According to the WHO, there are ~31,823,658 confirmed cases and 976,134 death cases across the globe. COVID-19 has affected economies and undertakings due to lockdowns, travel bans, and business shutdowns. The global food & beverages industry is one of the major business suffering serious disruptions, for example, restrictions in the supply of ingredients required for the production of various food items affect the industry.. This has severely affected the global hot dogs and sausages market.
Bar-S Foods; Carolina Packers (Bright Leaf Hotdogs); Animex Foods; Hormel Foods, LLC; Johnsonville, LLC; Kunzler & Company, Inc.; Tyson Foods, Inc.; Vienna Beef; Smithfield Foods, Inc.; and The Kraft Heinz Company are among the major players present in the global hot dogs and sausages market.
Overall size of the global hot dogs and sausages market has been derived using primary and secondary sources. The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global hot dogs and sausages market. Additionally, multiple primary interviews were conducted with industry participants and commentators to validate and analyze the data. The participants who take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders specialized in the hot dogs and sausages market.