At 4.5% CAGR, the South & Central America Hot Dogs and Sausages Market is Projected to be Worth US$ 10,199.08 Million by 2030, says Business Market Insights

According to Business Market Insights research, the South & Central America hot dogs and sausages market was valued at US$ 7,169.13 million in 2022 and is expected to reach US$ 10,199.08 million by 2030, registering a CAGR of 4.5% from 2022 to 2030. Growing popularity of hot dogs and sausages  and strategic initiatives by key market players attributed to the South & Central America hot dogs and sausages market expansion.        

Hot dogs and sausages have gained traction in recent years owing to their taste, convenience, and various new types available in the market. Further, the popularity of specialized products, including organically produced hot dogs and sausages, is rising among younger consumers. These factors expected to boost the demand for hot dogs and sausages. Hot dogs have long been preferred in the Western diet. Hot dogs and sausages are highly consumed in summer cookouts; ball games, especially on the Fourth of July; and many other occasions. The rise in disposable income has upsurged the demand for fast food, thereby increasing the consumption of fast food such as hot dogs and sausage, especially among the younger generation. Thus, the growing popularity of hot dogs and sausages is expected to boost the hot dogs and sausage market during the forecast period.  

increasing instances of hot dogs and sausages contamination and product recalls hamper South & Central America hot dogs and sausages market

Based on type, the South & Central America hot dogs and sausages market is segmented into pork, beef, chicken, and others. The pork segment held 41.2% share of South & Central America hot dogs and sausages market in 2022, amassing US$ 2,954.96 million. It is projected to garner US$ 3,945.74 million by 2030 to expand at 3.7% CAGR during 2022–2030. 

In terms of distribution channel, the South & Central America hot dogs and sausages market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held 71.8% share of South & Central America hot dogs and sausages market in 2022, amassing US$ 5,148.96 million. It is projected to garner US$ 7,354.07 million by 2030 to expand at 4.6% CAGR during 2022–2030.

By country, the South & Central America hot dogs and sausages market has been categorized into Brazil, Argentina, and the Rest of South and Central America. Our regional analysis states that the Rest of South and Central America captured 54.2% share of South & Central America hot dogs and sausages market in 2022. It was assessed at US$ 3,887.82 million in 2022 and is likely to hit US$ 5,313.55 million by 2030, exhibiting a CAGR of 4.0% during 2022–2030.      

Key players operating the South & Central America hot dogs and sausages market JBS Foods, Hormel Foods Corp, The Kraft Heinz Co, and Tyson Foods Inc, among others.

• In May-2023, Tyson Foods, Inc completed the acquisition of Williams Sausage Company, Inc. Merger & Acquisition, Tyson Foods, Inc completed the acquisition of Williams Sausage Company, Inc. The company aims to increase its capacity and product portfolio with this acquisition. Thus, strategic initiatives by key market players are driving the South & Central America Hot Dogs and Sausages Market.

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