Hot dogs and sausages market

Hot Dogs and Sausages Market, By Product Type (Fresh, Frozen, and Others (Cured, Smoked, etc.)), By Meat Type (Pork, Beef, Chicken, and Others (Turkey, Veal, etc.)), By Distribution Channel (Supermarket, Hypermarket, Online Channels, and Convenience Stores), And by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

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Mar 2023
CMI1471
130 Pages
Excel & Pdf
Food and Beverages

Summary

The hot dogs and sausages market accounted for US$ 77 billion in 2022 and is projected to reach US$ 102.93 billion by 2030. It is expected to grow at a CAGR of 3.69% during the forecast period (2023-2030). The increase in the working population and hectic lifestyle has played a vital role in consuming ready-to-eat foods such as hot dogs and sausages. The hot dog is a bakery product made from bread and sausages, mainly made with minced meat such as pork, beef, or chicken and seasoned with spices. Furthermore, the rising customer spending on shelf-stable foods is expected to support the market's steady growth during the forecast period.

Hot Dogs and Sausages Market: Growth drivers

Hectic and fast-paced lifestyle of people due to growth in the working population

The hectic and fast-paced lifestyle of people due to growth in the working population has contributed in increasing the demand for ready-to-eat foods. The less time spent on cooking has fueled the demand for convenience and on-the-go food products such as hot dogs. The popularity of high-protein foods and the interest in natural and organic products are driving the sales. New products are present in the market with reduced fat content or increased protein content. The use of organic meat is also helping in the development of a sustainable product portfolio and supporting the product demand across the health conscious population.

Introducing unique tastes and flavors

Hot dog and sausages manufacturers are experimenting and introducing unique tastes and flavors owing to the evolving consumers' taste preferences, which can further boost the product demand. New flavors such as honey or brown sugar, Cajun, spicy, and teriyaki have hit the market in the last few years.

Hot Dogs and Sausages Market: Market restraints

Health concerns associated with the consumption of red meat

According to the World Health Organization (WHO), red meat contains heterocyclic aromatic amines and polycyclic aromatic hydrocarbons, considered carcinogens. In addition, the World Cancer Research Fund (WCRF) has recommended limiting consumption of red and processed meats as a result. The health concerns associated with the consumption of red meat are believed to restrain the growth of the hot dogs and sausages market.

Figure 1. Global Hot Dogs And Sausages Market (%), By Segment Type

Among meat type, chicken segment is expected to hold significant share in the hot dogs and sausages market over the forecast period, owing to the rising awareness regarding health concerns caused due to other meat types. Pork and beef are considered as red meat, which are type of mammalian muscle meat. According to the World Health Organization (WHO), red meat contains heterocyclic aromatic amines and polycyclic aromatic hydrocarbons, which are considered as carcinogens (cancer causing agents). Moreover, the World Cancer Research Fund (WCRF) International (an authority on cancer prevention research) recommended limiting the consumption of red & processed meat and considering poultry meat such as a chicken as a potential alternative to red meat. Therefore, chicken is a relatively safer choice for consumption and is therefore, projected to witness growth over the forecast period.

Hot Dogs And Sausages Market Report Coverage

Report Coverage	Details
Base Year:	2022	Market Size in 2022:	US$ 77 Bn
Historical Data for:	2017 to 2021	Forecast Period:	2023 to 2030
Forecast Period 2023 to 2030 CAGR:	3.69%	2030 Value Projection:	US$ 102.93 Bn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East
Segments covered:	By Product Type: Frozen Hot Dogs & Sausages, Cocktail Sausages, Others By Meat Type: Pork, Beef, Chicken, Others By Distribution Channel: Supermarket, Hypermarket, Online Stores, Convenience Stores, Others
Companies covered:	Hormel Foods corp., Nestlé S.A., San Miguel Purefoods Company, Inc., Bar-S Foods (A Sigma Company), ELPOZO ALIMENTACIÓN S.A., ANIMEX Foods Sp. z o.o. sp. k., BOB EVANS FARMS, LLC, Johnsonville, LLC., and Atria Plc.
Growth Drivers:	The hectic and fast-paced lifestyle of people due to growth in the working Introducing unique tastes and flavors
Restraints & Challenges:	Health concerns associated with the consumption of red meat

Hot Dogs and Sausages Market: Regional Insights

Among regions, North America held significant market share in the hot dogs and sausages market in 2022, owing to increasing trend of on-the-go food items. According to National Hot Dog and Sausages Council (NHDSC), top hot dog consuming cities in 2018 included Los Angeles, New York City, Philadelphia, Boston, Chicago, Phoenix, Atlanta, Detroit, Washington DC, and Tampa. The data released by NHDSC in 2018 states that Los Angeles residents consumed around 31 million pounds of hot dogs, which is more when compared to other cities such as New York City and Philadelphia.

Figure 2. Global Hot Dogs And Sausages Market Share (%), By Region

Hot Dogs and Sausages Market: Recent Developments

In January 2020, Nestle announced the launch of plant-based sausages in Europe and the U.S. Moreover, in Europe, the product would be launched in Austria, Belgium, Germany, the Netherlands, Norway, Sweden, and Switzerland.
In Oct 2021, Sweet Earth has launched their first of this type of Vegan Jumbo Hot Dogs and a new Sweet Earth Awesome Burger 2.0 in the U.S. The new Jumbo hot dogs are made using a pea and potato protein base. In addition, the Sweet Earth Awesome Burger 2.0 would be the first plant-based burger and is made with a mix of pea and fava in addition to hemp protein as the base.

Hot Dogs and Sausages Market: Key Companies

Major players operating in the hot dogs and sausages market include Hormel Foods corp., Nestlé S.A., San Miguel Purefoods Company, Inc., Bar-S Foods (A Sigma Company), ELPOZO ALIMENTACIÓN S.A., ANIMEX Foods Sp. z o.o. sp. k., BOB EVANS FARMS, LLC, Johnsonville, LLC., and Atria Plc.

Definition: A hot dog is a grilled or steamed sausage sandwich consisting of a hot dog bun along with a meat sausage. Hot dog bun is a bakery product made of a bread and a sausage is primarily composed of ground meat such as pork, beef or chicken and is seasoned with spices such as cinnamon, garlic, paprika or cumin seeds among others. Hot dogs and sausages are offered with various flavors such as honey, brown sugar, barbeque, spicy, and teriyaki.

Table of Content

Table of Contents

* Browse 24 market data tables* and 12 figures* on "Global Hot Dogs and Sausages Market” - Global forecast to 2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What are the growth estimates for hot dogs and sausages market till 2030?

The hot dogs and sausages market is estimated to reach US$ 102.93 Billion by 2030.

Which are the prominent market players across the globe?

Major players operating in the market include Hormel Foods corp., Nestlé S.A., San Miguel Purefoods Company, Inc., Bar-S Foods (A Sigma Company), ELPOZO ALIMENTACIÓN S.A., ANIMEX Foods Sp. z o.o. sp. k., BOB EVANS FARMS, LLC, Johnsonville, LLC., and Atria Plc.

What are the key factors hampering growth of the market?

Long-term consumption of sausages made from red meat are considered to be harmful, as they contain chemical known as haem that can cause cancer. This is one of the major factors that is expected to hamper growth of the market.

What are the key factors driving growth of the market?

The hectic and fast-paced lifestyle of people due to growth in the working and Introducing unique tastes and flavors are the key factors driving the market

What is the compound annual growth rate (CAGR) of the market for next 8 years?

The market is estimated to exhibit a CAGR of 3.69% over the forecast period (2023-2030).

Which region held the largest market share in the market?

Among regions, North America accounted for the largest market share in 2022