DUBLIN, Jan. 18, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/ldbqkc/global_hot_dog) has announced the addition of the "Global Hot Dog and Sausages Market 2015-2019" report to their offering.
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 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.
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.
The key vendors in the market are
- Fleury Michon
- Goodman Fielder
- Hormel Foods
- Tyson Foods
Other vendors in the market include
- Empire Dogs
- Fresh Start Bakeries
- Nathans Famous
- Sausage Saloon
- Tasty Bake
- TC Fines
- The Galloping Goose Sausage
- Vienna Beef
For more information visit http://www.researchandmarkets.com/research/ldbqkc/global_hot_dog
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SOURCE Research and Markets