Rising Preference for Convenience Food Products Drives Hot Dogs and Sausages Market Growth
According to our latest market study on “Hot Dogs and Sausages Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type and Distribution Channel,” the hot dogs and sausages market size is projected to grow from US$ 74,990.90 million in 2022 to US$ 103,331.63 million by 2030; the market is expected to record a CAGR of 4.1% from 2022 to 2030. The report highlights key factors driving the market and prominent players along with their developments in the market.
Hot dog is a type of sausage that is usually boiled or grilled and served in a bun. Sausages are made with ground meat (often beef, pork, or veal), spices, salt, breadcrumbs, onion, cereal grains such as rice or cornmeal, and other ingredients. They are usually smoked or cured before being cooked. Hot dogs and sausages are an important part of many cuisines and are popular across the world. Rising preference for convenience food products and strategic initiatives by key manufacturers to provide a diversified product portfolio drive the growth of the hot dogs and sausages market.
Hot Dogs and Sausages Market Breakdown – by Region
Hot Dogs and Sausages Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Pork, Beef, Chicken, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
Hot Dogs and Sausages Market Size Report | Share & Forecast 2030
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Hot dog and sausage manufacturers are taking several strategic initiatives such as new product launches, production capacity scaleup, mergers and acquisitions, and collaborations to satisfy growing demands by customers and enhance their market position. In February 2023, KVARØY ARCTIC announced the launch of premium salmon hot dogs in the US to offer consumers natural, delicious, and sustainable options. In June 2020, Maple Leaf announced the launch of Maple Leaf 50/50 line, including Maple Leaf 50/50 Dinner Sausages and Maple Leaf 50/50 Breakfast Sausages. These products are made with 50% premium meat and 50% natural and plant-based ingredients to deliver satisfaction, taste, and sensory experience of traditional meat products.
Manufacturers of hot dogs and sausages are acquiring other businesses to cater to the increasing demand of consumers and expanding their businesses. In May 2023, Tyson Foods, Inc completed the acquisition of Williams Sausage Company, Inc. The company aims to increase its capacity and product portfolio with this acquisition. Thus, strategic initiatives by key market players boost the global hot dogs and sausages market growth.
Impact of COVID-19 Pandemic on Hot Dogs and Sausages Market
The food & beverages industry suffered severe disruptions due to disturbances in supply chains and shutdowns of production plants amid the COVID-19 pandemic. The shutdown of various manufacturing plants and factories in regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa negatively impacted the supply chains, manufacturing, delivery schedules, and sales of products. Many businesses announced possible delays in product deliveries and slumps in their future sales. Thus, suspended operations in various industries restrained the hot dogs and sausages market growth.
Many businesses recovered as the governments of various countries eased the restrictions after the initial months of lockdown in 2020. The introduction of the COVID-19 vaccine offered further relief from the distressing pandemic situation, leading to a rise in business activities. The resumption of operations in the manufacturing units positively impacted the hot dogs and sausages market and led to the recovery of production of hot dogs and sausages products. Manufacturers overcame the demand and supply gap as they were permitted to operate at total capacity.
The report includes the segmentation of the hot dogs and sausages market as follows:
Based on type, the hot dogs and sausages market is segmented into beef, pork, chicken, and others. Based on distribution channel, the hot dogs and sausages market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The hot dogs and sausages market in North America is further segmented into the US, Canada, and Mexico. The European market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The hot dogs and sausages market in Asia Pacific is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The hot dogs and sausages market in South & Central America market is further segmented into Brazil, Argentina, and the Rest of South & Central America.
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