Transparency Market Research has published a new market report titled “Hot Dogs and Sausages Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.” According to the report, the global hot dogs and sausages market was valued at USD 64.76 billion in 2014 and is estimated to reach USD 80.45 billion in 2021, growing at a CAGR of 3.1% from 2015 to 2021. In terms of volume the global hot dogs and sausages market was valued at 5,664.7 Kg-million in 2014 and is expected to reach 6,443.6 Kg-million by 2021, growing at a CAGR of 1.8% over the forecast period. Among different regions, the Middle East and Africa (MEA) market is expected to grow at the highest CAGR both in terms of revenue and volume over the forecast period. The Middle East and Africa hot dogs and sausages market in terms of revenue and volume is projected to grow at a CAGR of 3.4% and 2.9% respectively from 2015 to 2021. In terms of revenue and volume, Asia Pacific held the largest market for hot dogs and sausages in 2014 and is expected to retain its position as the market leader over the forecast period.
Browse the full Hot Dogs and Sausages Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021. report at http://www.transparencymarketresearch.com/hot-dogs-sausages-market.html
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The major factors driving the growth of the hot dogs and sausages market are increasing number of households having kids, popularity of hot dogs and sausages among younger generation and busy lifestyle of working class globally.
Among the different product categories of hot dogs and sausages, cocktail sausages held the largest market share in both value and volume terms in 2014 and is expected to remain the market leader by 2021.
Major players like Bar-S Foods Company, ConAgra Foods Inc, Bob Evans Farms Inc, and Johnsonville Sausage LLC among others are expected to capture the attention of consumers due to their cost...