Hot Dogs and Sausages Market: Reporting and Evaluation of Recent Industry Developments

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. Transparency Market Research identifies this trend to be immensely lucrative for players.

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The competitive landscape of most of the regional hot dogs and sausages markets is extremely fragmented, Transparency Market Research observes, with the exception of the MEA region. In Asia Pacific, the leading revenue contributor to the global hot dogs and sausages market, the top five players accounted for a share of just over 30% in 2014. These players are Shineway Group, Venky’s, Goodman Fielder Ltd., Nippon Meat Packers Inc., and People’s Food Holdings Ltd.

One of the leading growth strategies adopted by a number of key players in the global hot dogs and sausages market is product line expansion through constant mergers and acquisitions. A case in point would be ConAgra Food Inc. In 2014, the company acquired Ralcorp, a leading producer of private brand foods in the U.S. to strengthen its share in the packaged foods market.

“Continuously engaging in R&D activities for the development of new products in the meat and meat products segment is also a successful strategy adopted by several companies,” the author of the study said. A recent example would be the introduction of hot dog ATMs, wherein the customer places their order on the screen and the selected food item is moved from the refrigerator to the microwave to deliver fresh hotdogs in just a few minutes.

Sporting Events Contributing toward Increased Demand for Hot Dogs and Sausages

Hot dogs and sausages are among the most preferred convenience foods for kids and youth around the world 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.

“The demand for hot dogs and sausages varies from region to region and by season as well,” the TMR analyst observes. For instance, holiday months see a surge in demand for breakfast sausages. Major sporting events in the U.S. also contribute to the rising demand, according to a survey by the National Hot Dog and Sausage Council. The consumption of hot dogs and sausages during major leagues and at prominent ballparks in the U.S. is much higher than at any other time of the year.

Alarming Rise in Obesity Cases Likely to Restrict Demand

“The soaring incidence of obesity around the world is a key factor curbing the consumption of hot dogs and sausages as consumers shift toward healthier and less fatty foods,” the author of the study finds.

The World Health Organization states that in 2014, around 1.9 bn adults were overweight and 600 mn were diagnosed with obesity. The WHO also finds an increase in the number of child obesity cases, which continues to threaten the demand for hot dogs and sausages.

Global Demand for Hot Dogs and Sausages to Grow at 1.8% CAGR over Forecast Period

In terms of revenue, the opportunity in the global hot dogs and sausages market was pegged at US$64.7 bn in 2014 and is estimated to be worth US$80.4 bn by 2021, expanding at a CAGR of 3.1% from 2015 to 2021. By volume, the market for hot dogs and sausages is anticipated to expand at a CAGR of 1.8% during the forecast period.

Among the different types of products, cocktail sausages led the hot dogs and sausages market by volume as well as revenue in 2014. The global cocktail sausages market is likely to reach US$19.2 bn by 2021. Among the different types of meat, pork was the leading revenue generator for the hot dogs and sausages market. By geography, Asia Pacific led the global hot dogs and sausages market in 2014 and the region is expected to retain its position through 2021.

This review is based on the findings of a TMR report titled “Hot Dogs and Sausages Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

Global Hot Dogs and Sausages Market, by Product

• Pork
• Beef
• Chicken
• Others

Global Hot Dogs and Sausages Market, by Application

•   Frozen Hot Dogs and Sausages
• Refrigerated Breakfast Sausages
• Refrigerated Dinner Sausages
• Refrigerated Hot Dogs
• Cocktail Sausages
• Others

Hot Dogs and Sausages Market is Estimated to Reach US$80.4 bn by 2021

Hot Dogs and Sausages Market: Snapshot

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.

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.

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Demand for Hot Dogs and Sausages on the Rise in MEA

The global hot dogs and sausages market has been geographically segmented into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America.

In terms of revenue, Asia Pacific is expected to be the leading regional market for hot dogs and sausages, accounting for a share of more than 39% during the forecast period. The Middle East and Africa region, on the other hand, is predicted to be the fastest growing hot dogs and sausages market.

The Asia Pacific hot dogs and sausages market is fueled by the rising preference for fast food among the younger generation in the developing economies of China and India. One of the major factors contributing to this factor is the increasing number of individuals belonging to the age group of 20-30.

The hot dogs and sausages market in the Middle East and Africa is anticipated to witness significant growth during the forecast period due to the increasingly busy lifestyles of the working class, the growing frequency of major sporting events, and an increasing number of households with kids. In addition, extensive marketing strategies adopted by hot dogs and sausages manufacturing companies are slated to fuel the market in this region over the course of the forecast period.

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.

Global Hot Dogs and Sausages Market: Lack of Time to Cook Elaborate Meals Trigger Wave of Convenient Food Items, Says TMR

Transparency Market Research states that the competitive landscape in the global hot dogs and sausages market is quite fragmented due to presence of several players. Nippon Meat Packers Inc., Shineway Group, Goodman Fielder Ltd., Venky’s, and People’s Food Holdings Ltd. held a share of around 30% in the global market in 2014. Mergers and acquisitions is expected to winning strategy of players in the global market to expand their base in the global market and win bigger consumer bases.

The research report states that the opportunity in the global hot dogs and sausages market is expected to be worth US$80.4 bn by 2021 from US$64.7 bn in 2014. The rise is estimated to be around 3.1% CAGR between 2015 and 2021. The growing popularity of eating convenient meals that offer adequate nutrition is expected to fuel the growth of the global market.

Asia Pacific Emerges as Leading Regional Segment as Young Population Seeks Convenient Meal Options

The various products available in the global market are beef, pork, chicken, mutton, and others. Amongst all of these, chicken hot dogs and sausages are expected to lead the global market due to the increasing awareness amongst consumers about eating lean meat. The growing preference for eating healthy has declined the sales of red meat-based hot dogs and sausages as these are known to contain high cholesterol. Owing to these reasons, the chicken sausages segment is projected to rise at a CAGR of 2.0% in terms of volume.

Geographically, the global hot dogs and sausages market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific is projected to lead the global market in the near future as it poised to account for a share of 39% during the forecast period. The growth of the regional market will be fueled by the increasing preference for fast food and convenient meal options. The growing younger generation in emerging economies of India and China are projected to make a significant contribution to the rising revenue of the regional market.

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Sports Events and League Up Consumption of Hot Dogs and Sausages

The lack of time to cook elaborate meals has significantly driven the global hot dogs and sausages market. Today, various types of hot dogs and sausages have become popular amongst children, especially college students, as quick meals. The increasing population between the age group of 20 to 30 years of age is expected to be an important element in defining the trajectory of the global market. The revenue earned by the global hot dogs and sausages market is also dependent on the season and region. “For instance, the holiday season in Asia Pacific and North America makes a significant contribution to the sales of hot dogs and sausages,” states the lead author of this research report. The National Hot Dog and Sausage Council states that the hot dogs and sausages are consumed excessively during sport events and leagues than any other time in the year.

High Prevalence of Obesity Dissuades Consumers from Eating Red Meat

The key challenge for the global hot dogs and sausages market is the high prevalence of obesity in various parts of the world, which is attributable to the increasing consumption of fast food. In 2014, about 1.9 bn people were reported to be overweight and 600 mn obese by the World Health Organization. The alarming rise in obesity due to excessive consumption of meat, pork, and other types of unhealthy food items has dissuaded consumers from including these in their daily meals.

The review of the overall market is based on Transparency Market Research’s report, titled “Hot Dogs and Sausages Market (Meat Type - Pork, Beef, Chicken; Product - Frozen Hot Dogs and Sausages, Refrigerated Breakfast Sausages, Refrigerated Dinner Sausages, Refrigerated Hot Dogs, Cocktail Sausages) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

Global Hot Dogs and Sausages Market, by Product

• Pork
• Beef
• Chicken
• Others

Global Hot Dogs and Sausages Market, by Application

• Frozen Hot Dogs and Sausages
• Refrigerated Breakfast Sausages
• Refrigerated Dinner Sausages
• Refrigerated Hot Dogs
• Cocktail Sausages
• Others

Middle East Africa to Present Immense Opportunities to Hot Dogs and Sausages Vendors

The global hot dogs and sausages market is largely influenced by varied consumption trends and patterns across different seasons, age groups, and regions. Out of all age groups, hot dogs and sausages are most preferred by kids and college students. The increasing population of individuals between the ages of 20 and 30 is, therefore, a key factor driving the global hot dogs and sausages market.

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Holiday months or even weekends witness a surge in demand for sausages and hot dogs. As per a report by the National Hot Dog and Sausage Council, the sales of hot dogs and sausages increase by manifolds during major leagues in the US.

Rising Demand for Low-Calorie Products to Cause Shift towards Organic Hot Dogs and Sausages

An alarming increase in the number of obesity cases is threatening the demand for hot dog and sausages. As per a report by the World Health Organization (WHO), 1.9 billion adults were overweight and 600 million were obese in 2014. In order to cope up with the challenge, vendors are shifting towards organic versions of hot dogs and sausages that offer reduced risk of overweight and obesity. Vendors are also investing large capital in research and development of innovative products. For instance, hot dog ATMs have been deployed in many parts of the US. These ATMs enable customers to place an order on the screen and in just a few minutes, they receive fresh hot dogs.

Increasing Youth Population to Augur Well for Asia Pacific

Asia Pacific is the leading regional market by revenue. The growth in this region can be attributed to the continuously expanding retail sector and growing preference for fast food. A large part of the population of countries such as India, Malaysia, China, and the Philippines belong to the age group of 20-30. These demographics are likely to spur the operational expansion of hot dogs and sausages manufacturers in the APAC region.

MEA to Emerge as Most Lucrative Market

The Middle East and Africa will grow at a significant CAGR between 2015 and 2021. The increasing number of households with kids, growing frequency of major sports league, and changing lifestyles are the key drivers of the regional market. Moreover, the innovative marketing strategies used by hot dogs and sausages vendors are slated to propel the growth of the market in the MEA region.

Hot Dogs and Sausages Market is Estimated to be Worth US$80.4 bn by 2021, Expanding at a CAGR of 3.1% from 2015 to 2021

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. Transparency Market Research identifies this trend to be immensely lucrative for players.

Download Free exclusive Sample of this report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4650

The competitive landscape of most of the regional hot dogs and sausages markets is extremely fragmented, Transparency Market Research observes, with the exception of the MEA region. In Asia Pacific, the leading revenue contributor to the global hot dogs and sausages market, the top five players accounted for a share of just over 30% in 2014. These players are Shineway Group, Venky’s, Goodman Fielder Ltd., Nippon Meat Packers Inc., and People’s Food Holdings Ltd.

One of the leading growth strategies adopted by a number of key players in the global hot dogs and sausages market is product line expansion through constant mergers and acquisitions. A case in point would be ConAgra Food Inc. In 2014, the company acquired Ralcorp, a leading producer of private brand foods in the U.S. to strengthen its share in the packaged foods market.

“Continuously engaging in R&D activities for the development of new products in the meat and meat products segment is also a successful strategy adopted by several companies,” the author of the study said. A recent example would be the introduction of hot dog ATMs, wherein the customer places their order on the screen and the selected food item is moved from the refrigerator to the microwave to deliver fresh hotdogs in just a few minutes.

Sporting Events Contributing toward Increased Demand for Hot Dogs and Sausages

Hot dogs and sausages are among the most preferred convenience foods for kids and youth around the world 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.

“The demand for hot dogs and sausages varies from region to region and by season as well,” the TMR analyst observes. For instance, holiday months see a surge in demand for breakfast sausages. Major sporting events in the U.S. also contribute to the rising demand, according to a survey by the National Hot Dog and Sausage Council. The consumption of hot dogs and sausages during major leagues and at prominent ballparks in the U.S. is much higher than at any other time of the year.

Alarming Rise in Obesity Cases Likely to Restrict Demand

“The soaring incidence of obesity around the world is a key factor curbing the consumption of hot dogs and sausages as consumers shift toward healthier and less fatty foods,” the author of the study finds.

The World Health Organization states that in 2014, around 1.9 bn adults were overweight and 600 mn were diagnosed with obesity. The WHO also finds an increase in the number of child obesity cases, which continues to threaten the demand for hot dogs and sausages.

Global Demand for Hot Dogs and Sausages to Grow at 1.8% CAGR over Forecast Period

In terms of revenue, the opportunity in the global hot dogs and sausages market was pegged at US$64.7 bn in 2014 and is estimated to be worth US$80.4 bn by 2021, expanding at a CAGR of 3.1% from 2015 to 2021. By volume, the market for hot dogs and sausages is anticipated to expand at a CAGR of 1.8% during the forecast period.

Among the different types of products, cocktail sausages led the hot dogs and sausages market by volume as well as revenue in 2014. The global cocktail sausages market is likely to reach US$19.2 bn by 2021. Among the different types of meat, pork was the leading revenue generator for the hot dogs and sausages market. By geography, Asia Pacific led the global hot dogs and sausages market in 2014 and the region is expected to retain its position through 2021.

This review is based on the findings of a TMR report titled “Hot Dogs and Sausages Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”