Published By : 26 Oct 2016 | Published By : QYRESEARCH
Hot dogs and sausages are gaining popularity globally due to the convenience, taste, and variety being offered by them. The global hot dogs and sausages market is fuelled by the changing consumption patterns and trends in different regions. In addition, the swift advancement of the sector of retail in developing economies came up as a huge opportunity for players operating in the global hot dogs and sausages market.
Absence of Trans-fat in Chicken to Increase its Demand over Red Meats
Hot dogs and sausages can be made out of different meats such as lamb, mutton, chicken, beef, and pork. Of these, although the market is led by the segment of pork, still the segment of chicken came up as the most lucrative segment in the market owing to the rising health awareness in consumers. Due to the high presence of cholesterol in red meats as compared to chicken, the demand for chicken is on the rise globally.
Another factor fuelling the segment of chicken is that chicken doesn’t comprise trans-fat, one amongst the key reasons giving rise to coronary heart diseases. Furthermore, the cost of chicken is cheaper and there are almost no taboos or religious barriers related to its consumption. This is a key factor that will work in favor of the segment of chicken hot dogs and sausages, particularly in the Middle East region. The segment of pork, on the other hand, is predicted to hold lucrative opportunities in the growth of the hot dogs and sausages market within Asia Pacific, particularly in China.
Asia Pacific to Lead Market with a Share of over 39% between 2015 and 2021
Regionally, on the basis of revenue, Asia Pacific is predicted to lead the market for hot dogs and sausages and is poised to take up a share of over 39% from 2015 to 2021. This is due to the increasing inclination toward fast food in the younger population within India and China. On the other hand, the region of the Middle East and Africa is expected to emerge as the most lucrative market for hot dogs and sausages.