HOT DOGS AND SAUSAGES MARKET ANALYSIS

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

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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: 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

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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.