Press release
Value of Global Hot Dogs and Sausages Market to surpass US$80 bn by 2021 Propelled by Growing Demand for Convenience Foods
Transparency Market Research announces the release of a report, titled “Global Hot Dogs and Sausages Market - Industry Analysis, Size, Share, Trends and Forecast 2015 - 2021.” This 120-page publication offers in-depth coverage on the 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.
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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.
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
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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