global
hot dogs and sausages market and provides details pertaining to
the size and performance of the market throughout the forecast
period. In 2014, the value of the hot dogs and sausages market was
pegged at US$64.7 bn and is likely to rise to US$80.4 bn by 2021 at a
3.1% CAGR. By volume, this market is anticipated to grow from 5.6 bn
kilos in 2014 to 6.4 bn kilos by 2021 at a 1.8% CAGR therein.
Hot
dogs and sausages are two of the most convenient foods available in
the market today. These foods are consumed in almost every part of
the world and by almost every individual, old or young. The rising
demand for convenience foods is a recent trend that has gained rapid
momentum over the years.
The
market is fueled by a number of trends, including the association of
hot dogs and sausages with sporting events and certain national
festivals in developed countries, the growing consumption of hot dogs
and sausages by almost every demographic segment, a surge in the
number of households with children, busy lifestyles of the urban
population, and unique marketing strategies employed by key players.
The
global hot dogs and sausages market has been studied on three
parameters: Meat type, product type, and geography.
By
type of meat, the hot dogs and sausages market has been segmented
into beef, pork, chicken, and others.
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On
the basis of product type, the market for hot dogs and sausages has
been divided into refrigerated breakfast sausages, refrigerated hot
dogs, frozen hot dogs and sausages, refrigerated dinner sausages,
cocktail sausages, and others. Among these, cocktail sausages emerged
as the dominant product segment in terms of volume and value in 2014.
This segment is expected to retain its lead through 2021.
On
the basis of geography, the market for hot dogs and sausages market
has been categorized into Asia Pacific, Latin America, North America,
Europe, and the Middle East and Africa. Accounting for a 39.9% share
in 2014, Asia Pacific dominates the global hot dogs and sausages
market in terms of volume and revenue. This region is anticipated to
retain its lead through 2021 owing to rapid urbanization and a
massive consumer base. Europe followed next with a 26.9% share in the
overall hot dogs and sausages market in 2014. Europe too is projected
to maintain its position as the second largest market throughout the
forecast period. The Middle East and Africa region is expected to
expand at the highest CAGR from 2015 to 2021, with the Middle East
recording a 3.4% CAGR and Africa presenting a 2.9% CAGR therein.
The
global hot dogs and sausages market has a large number of players,
which lends the global and regional markets a high degree of
competition. The leading companies operating in this space are John
Morrell Food Group, Animex, Boklunder, Fresh Mark, Inc., Venky’s
(India) Ltd., Kent Quality Foods, Inc., Elpozo, Qualtia, CPF, Atria
Plc., JBS Argentina, Family Dollar Stores, Inc., Armour-Eckrich, Bob
Evans Farms, Inc., Prabhat Poultry Private Ltd., Sara Lee Food &
Beverage, Campofrio Food Group, Sigma Alimentos, Bar-S Foods Co.,
ConAgra Foods, Inc., Ayamas, Purefoods Hormel Company Inc.,
Johnsonville Sausage, LLC, Tyson Foods Inc., and Maple Lodge Farms
Ltd.
Global
Hot Dogs and Sausages Market by Meat Type
- Pork
- Beef
- Chicken
- Others
Global
Hot Dogs and Sausages by Product Type
- 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
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