Hot Dog & Sausage Production in the US - Industry Market Research Report

Hot Dog & Sausage Production in the US - Industry Market Research Report

  • March 2020 •
  • 36 pages •
  • Report ID: 5103859 •
  • Format: PDF
Top dog: Hot dog popularity and growing interest in gourmet sausage will keep the industry out of decline

Abstract

Hot Dog & Sausage Production
The Hot Dog and Sausage Production industry manufactures products that hold a fixed place in consumers’ diets. Industry specialties like hot dogs, bratwursts, Italian sausages, pepperoni and breakfast sausages are popular inclusions in a variety of meals. Industry products have a slight advantage over other meat products. Hot dogs and sausages are typically priced below other fresh whole cuts of meat like steaks, chicken breasts, pork chops or bacon. Therefore, when meat prices rise across the board, budgeting consumers switch from pricier meats to hot dogs and sausages. Increasing merger and acquisition (M&A) activity and rising demand from international markets will drive industry growth over the next five years. The two largest industry players, Tyson Foods Inc. (Tyson) and Smithfield Foods Inc. (Smithfield), underwent significant M&A activity over the past five years. As consolidation trends continue, Tyson and Smithfield, along with other food-manufacturing powerhouses will leverage brand value and economies of scale to increase their market share, pushing up their revenue and profit growth.

Operators in this industry primarily produce hot dogs and sausages from slaughtered animals or a combination of meat byproducts from slaughtered animals.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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