Global Hot Dogs and Sausages Market to Surpass US$ 95.13 Billion by 2027 – Coherent Market Insights
SEATTLE--(BUSINESS WIRE)--May 8, 2019--The global hot dogs and sausages market was valued at US$ 72.27 billion in 2018 and is expected to exhibit a CAGR of 3.0% over the forecast period (2019–2027).
Key Trends and Analysis of the Global Hot Dogs and Sausages Market:
Hot dogs and sausages are considered among the healthy food items, owing to the presence of meat base sausage, which is rich in proteins and thus, provides health benefits such as muscle strengthening. Sausage meat can be obtained from various sources and can be categorized as pork, beef, chicken, turkey, and veal.
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Moreover, among meat types, beef segment held significant share in global hot dogs & sausages market in 2018 due to its popularity among the populace. For instance, according to the research commissioned by the National Hot Dog and Sausage Council (NHDSC) conducted for America region in June 2017, majority of Americans said beef hot dogs are their preferred choice, as around 61% choose beef as their preferred meat in hot dogs, whereas pork type ranked second with share of 12%, and turkey was third accounting 7%. Moreover, research also revealed that 38% of individuals who eat hot dogs said they prefer a natural casing on a hot dog, while 25% said they like to have their hot dogs skinless, and 25% had no preference.
Various key players are focused on launching new products and flavors to cater to increasing demand from customers. For instance, in June 2015, Johnsonville LLC introduced its Butcher Shop premium line of smoked-cooked sausages. These sausages are available in six different flavors including Cheddar Beer, Jalapeno Cheddar, Polish Sausage, Smoked Bratwurst, Cheddar Cheese, and Andouille.
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Key Market Takeaways:
- The global hot dogs and sausages market is expected to exhibit a CAGR of 3.0% during the forecast period (2019–2027)
- Among regions, North America is expected to hold significant share in global hot dogs & sausages market over the forecast period, owing to rising popularity of healthy & convenience food items among the populace in the region. According to the research commissioned by the National Hot Dog and Sausage Council (NHDSC) and conducted online by The Harris Poll in September 2018, sausages are preferred choice for breakfast among majority population of the overall America region. The study concluded that around 89% of Americans eat sausage, out of which, around 74% like to eat sausage for breakfast and 59% like to have it for dinner. Study also reveals that around 61% of those who eat sausage like it savory, while 54% like their sausage spicy.
- Some of the major players operating in the global 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.
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SOURCE: Coherent Market Insights
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PUB: 05/08/2019 08:30 AM/DISC: 05/08/2019 08:30 AM