global
hot dogs and sausages market was valued at USD 64.76 billion in
2014 and is estimated to reach USD 80.45 billion in 2021, growing at
a CAGR of 3.1% from 2015 to 2021. In terms of volume the global hot
dogs and sausages market was valued at 5664.7 Kg-million in 2014 and
is expected to reach 6443.6 Kg-million by 2021, growing at a CAGR of
1.8% over the forecast period. Among different regions the Middle
East and Africa (MEA) market is expected to grow at the highest CAGR
both in terms of revenue and volume over the forecast period. The
Middle East and Africa hot dogs and sausages market in terms of
revenue and volume is projected to grow at a CAGR of 3.4% and 2.9%
respectively from 2015 to 2021. In terms of revenue and volume Asia
Pacific held the largest market for hot dogs and sausages in 2014 and
is expected to retain its position as the market leader over the
forecast period.
Hot
dogs and sausages are popular across the globe; however, the
consumption pattern varies from region to region. New flavors and
convenient products are boosting the hot dogs and sausages market
globally. Consumption of sausages varies by season. For example,
dinner sausages are primarily sold during summer, while consumers
prefer breakfast sausages during holiday months. In terms of market
size, cocktail sausages account for the largest market share
globally. According to a survey by the National Hot Dog and Sausage
Council, consumption of hot dogs and sausages is high at major league
ballparks in the U.S.
The
major factors driving the growth of the hot dogs and sausages market
are increasing number of households having kids, popularity of hot
dogs and sausages among younger generation and busy lifestyle of
working class people globally. Additionally, increasing youth
population is fuelling the growth of the hot dogs and sausages market
globally.
The
global hot dogs and sausages market has been segmented on the basis
of product types into frozen hot dogs and sausages, refrigerated
breakfast sausages, refrigerated dinner sausages, refrigerated hot
dogs and cocktail sausages among others. Among the different product
categories of hot dogs and sausages, cocktail sausages held the
largest market share in both value and volume terms in 2014 and is
expected to hold the position of market leader by 2021. The market
has been further segmented on the basis of meat type into pork, beef,
chicken and others.
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The
global hot dogs and sausages market has been segmented on the basis
of geography into North America, Europe, Asia Pacific, Middle East
and Africa (MEA) and Latin America. Asia Pacific dominated the global
hot dogs and sausages market in 2014, accounting for a market share
of more than 35% share of the total market, and it is expected to
retain market dominance throughout the forecast period. India, China,
New Zealand, Japan and Australia are the main contributors to the hot
dogs and sausages market in Asia Pacific. Increasing youth population
for hot dogs and sausages is a key factor driving the demand for this
market in China and India. Increasing busy lifestyle of the consumers
in China and India is another factor driving the demand for the hot
dogs and sausages market these two countries. Additionally, Japan is
a major market for hot dogs and sausages in Asia Pacific.
Europe
was the second largest market for hot dogs and sausages in 2014 and
is expected to retain its position throughout the forecast period.
Germany, U.K. and France are the major contributors to this market in
Europe. Unique marketing strategies adopted by the leading players in
the hot dogs and sausages industry are a key factor driving the
demand for this market in Europe. Additionally, product variation and
the growing demand for organic food are the other major factors
pushing the demand forward for the hot dogs and sausages market in
Europe. Germany is the market leader in the hot dogs and sausages
industry in Europe, followed by U.K. and France.
North
America accounted for the third largest market in the global hot dogs
and sausages market in 2014 and it is expected to retain its position
in the market throughout the forecast period. Hot dogs and sausages
have been prevalent in North America for a long period of time.
Consumers in New York consume more hot dogs compared to the other
countries in North America. Among the different product segments,
pork held the largest market share in the hot dogs and sausages
market in North America. U.S. was the market leader in this market in
North America in 2014 and is expected to retain its market dominance
throughout the forecast period.
Latin
America accounted for a market share of a little over 10% in 2014 and
the market share is expected to reach 12.15% by the end of the
forecast period. Brazil and Argentina are the major markets for hot
dogs and sausages in Latin America.
Middle
East and Africa (MEA) accounted for the lowest market share in 2014,
but the market is expected to witness a gradual increase in its
revenue throughout the forecast period.
The
global hot dogs and sausages market is dominated by some of the major
players operating in this industry. Major players like Bar-S Foods
Company, ConAgra Foods Inc, Bob Evans Farms Inc, and Johnsonville
Sausage LLC among others are expected to capture the attention of
consumers due to their cost effectiveness vis-à-vis branded
products.
The
Hot Dogs and Sausages Market has been segmented as follows:
Meat
types covered under this research study are:
- Pork
- Beef
- Chicken
- Others
Global
Food Preservatives Market by Product Type
Product
types covered under this research study are
- Frozen Hot Dogs and Sausages
- Refrigerated Breakfast Sausages
- Refrigerated Dinner Sausages
- Refrigerated Hot Dogs
- Cocktail Sausages
- Others
Global
Hot Dogs and Sausages Market by Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Contact
Mr.
Sudip S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
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