Hot
dogs and sausages have been gaining popularity around the world owing
to the taste, convenience, and variety they offer. The hot dogs and
sausages market is being driven by varied consumption trends and
patterns across different regions and seasons. The rapid development
of the retail sector in emerging economies is a large opportunity for
players in the hot dogs and sausages market and this has spurred the
operational expansion of companies in countries such as China, India,
Malaysia, the UAE, and the Philippines.
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Revenues
of the global hot dogs and sausages market were nearly US$64.7 bn in
2014 and are estimated to reach US$80.4 bn by 2021. The market is
projected to register a 3.1% CAGR during the forecast period, reports
Transparency Market Research.
Chicken
Sausages to Emerge as Most Attractive Segment as Pork Sausages Face
Religious Barriers
Hot
dogs and sausages are made from a variety of meats: pork, beef,
chicken, mutton, and lamb. Among these, although pork led the overall
market, chicken is identified as the most attractive segment for the
hot dogs and sausages market due to growing health awareness among
consumers. There has been a global shift in consumer preference from
red meat to chicken since the cholesterol content in red meat is
higher than that in chicken. Furthermore, chicken does not contain
trans fat, which is one of the main factors triggering coronary heart
diseases. This is expected to increase the demand for chicken hot
dogs and sausages during the forecast period.
Additionally,
chicken is comparatively cheaper and there are negligible religious
barriers or taboos associated with its consumption. This is as an
important factor in the growth of the chicken hot dogs and sausages
market, especially in the Middle East. On the other hand, pork is an
attractive segment in the hot dogs and sausages market in Asia
Pacific, especially in China.
Some
of the prominent companies competing in the global hot dogs and
sausages market are 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.
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