DUBLIN--(BUSINESS WIRE)--The "North America Hot Dogs and Sausages Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product; Type; Distribution Channel (Supermarkets and Hypermarkets, Grocery Store, E-Commerce, and Others)" report has been added to ResearchAndMarkets.com's offering.
North America hot dogs and sausages market was valued at US$ 26,224.51 Million in 2019 and is projected to reach US$ 33,417.71 Million by 2027; it is expected to grow at a CAGR of 3.2% during 2020-2027. The report highlights key factors driving the market growth, and prominent players and their developments in the market.
The taste, convenience, and various new types of hot dogs and sausages offer to play the most crucial role in meeting the growing popularity. Preference to have hot dogs and sausages for any occasion and place is increasing. For instance, according to a Harris Poll conducted for the National Hot Dog and Sausage Council (NHDSC), in May 2016, Americans are most likely to grill a hot dog. Many of them preferred to enjoy it inside their home, with 34% of hot dog eaters said that the home is their favorite place to eat a hot dog; 22% preferred eating hot dogs in their backyard, while 19% most enjoyed their hot dogs while tailgating or inside a sporting event.
The popularity of chicken-based sausage and hot dog products is rising across the U.S. More consumers are opting for chicken over red meat because of the perception that it is a healthier option. The popularity of specialized products' including organically produced hot dogs and sausages is rising among the younger consumers. According to a Harris Poll conducted for the National Hot Dog and Sausage Council (NHDSC), in September 2016, almost 9 out of 10 respondents that are 89% of them said they enjoyed sausage, including 93% of men and 85% of women.
Hot dogs have long been preferred in the American diet. Summer cookouts, ball games - especially the Fourth of July - or just an easy meal to feed the family and many other occasions provide the perfect opportunity for the hot dog. The correlation between income levels and the demand for fast food such as hot dogs and sausage is strong.
With the rise in disposable income, the need for fast food is set to increase, which would lead to an increase in the consumption of fast food such as hot dogs and sausage, especially among the younger generation in the emerging economies. Thus, the growing popularity of hot dogs and sausage is the factor boosting the market growth.
The hot dogs and sausages market in North America is concentrated with a few very well-established players.
Key Industry Dynamics
Drivers
- Growing popularity of hot dogs and sausage
- Rising preference for convenience food products
Market Restraints
- Growing health awareness among consumers due to increasing number of lifestyle and chronic diseases
Market Opportunities
- Development of new products by the market players
Future Trends
- Adoption of organic hot dogs and sausages among health conscious population
Impact Analysis
A few of the key players in the North America hot dogs and sausages market include
- Bar-S Foods
- Carolina Packers (Bright Leaf Hotdogs)
- Hormel Foods, LLC.
- Johnsonville, LLC.
- Kunzler & Company, Inc.
- Tyson Foods, Inc.
- Vienna Beef
- Smithfield Foods, Inc.
- The Kraft Heinz Company
For more information about this report visit https://www.researchandmarkets.com/r/2zvu6i
