Global Hot Dog and Sausages Market 2015-2019
Market outlook of the hot dog and sausages market
Technavios market research analyst projects the hot dog and sausages market to reach a market value of around USD 76 billion by the end of 2019. The diversity of the product offerings and its association with various events have been driving the growth of this market. For instance, According to NHDSC, during occasions such as Memorial Day, Independence Day and Labor Day in the US, the consumption of hot dogs is more 100 million.
The health risks associated with hots dogs and sausages is expected to deter the growth of the market during the forecast period. Most hot dogs and sausages contain a chemical compound named nitrite that are present is almost all the processed meats such as sausages, hot dogs, and bacon as well as poultry items. During the preparation of the meat, the nitrites combine with other chemicals resulting in N-nitroso compounds. On consumption, N-nitroso converts into nitrosamines within the human body which is harmful and leads to various types of cancer.
Competitive landscape and key vendors
The global hot dog and sausages market is fragmented resulting in intense competition. The vendors compete on the basis of price differentiation, product and category extension, flavor innovations and calorie intake per consumption. The market is also expected to face competition from indirect substitutes such as fruits, juices, and salads during the forecast period.
The key vendors in the market are
Other vendors in the market include Empire Dogs, Franconian, Fresh Start Bakeries, Hofmann, Kunzler, Nathans Famous, Sausage Saloon, Tasty Bake, TC Fines, The Galloping Goose Sausage, Vienna Beef, and Westaways.
Product segmentation and analysis of the hot dog and sausages market
Refrigerated breakfast sausages
Refrigerated dinner sausages
Cocktail sausages accounted for around 39% of the market shares during 2014. This segment is expected grow at a rate of 3% and retain its dominance during the forecast period.
Geographical segmentation and analysis of the hot dog and sausages market
APAC was the dominant region during 2014 with the largest share of around 40% in the global market. The report predicts this region to maintain its leadership in the market until the end of 2019, reaching a revenue of USD 30 billion. The large youth population in countries like China, Japan and India are driving the growth of this market. India is anticipated a huge growth potential area for both traditional-style flavors, as well as the American-style flavored hot dogs.
Key questions answered in the report include
What will the market size and the growth rate be in 2019
What are the key factors driving the global hot dog and sausages market
What are the key market trends impacting the growth of the hot dog and sausages market
What are the challenges to market growth
Who are the key vendors in the hot dog and sausages market
What are the market opportunities and threats faced by the vendors in the global hot dog and sausages market
Trending factors influencing the market shares of APAC, Europe, Middle East, North America, and ROW
What are the key outcomes of the five forces analysis of the global hot dog and sausages market
Technavio also offers customization on reports based on specific client requirement.
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Technavio Announces the Publication of its Research Report – Global Hot Dogs and Sausages Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Hot Dogs and Sausages Market: Fleury Michon, Goodman Fielder, Hormel Foods, Nestlé, Tyson Foods and Venky’s
Other Prominent Vendors in the market are: Empire Dogs, Franconian, Fresh Start Bakeries, Hofmann, Kunzler, Nathan’s Famous, Sausage Saloon, Tasty Bake, TC Fines, The Galloping Goose Sausage, Vienna Beef, and Westaways.
Commenting on the report, an analyst from Technavio’s team said: “An optimistic picture of the industry can be painted due to the emerging trends in the market. A major positive trend is the increasing demand for meat-free hot dogs. Due to the increase health awareness, people are demonstrating a preference for low-fat and healthy alternatives. Therefore, hot dog manufacturers are gradually coming up with hot dog and sausage products that are tasty as well as healthy.”
According to the report, the growth of the market mainly depends on the size of the younger population. Children and teenagers as well as consumers in their early twenties and mid-thirties are considered to be the primary target for the market. The larger base of this population especially in Japan and China mainly drives the market of hot dogs and sausages.
Further, the report states that the associated health risks from the hot dog consumption pose a major challenge to the market.
Fleury Michon, Goodman Fielder, Hormel Foods, Nestlé, Tyson Foods, Venky’s, Empire Dogs, Franconian, Fresh Start Bakeries, Hofmann, Kunzler, Nathan’s Famous, Sausage Saloon, Tasty Bake, TC Fines, The Galloping Goose Sausage, Vienna Beef, and Westaways.
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