$24.8bn
$X.Xbn
29,562
399
$X.Xbn
Hot dog and sausage producers enjoy solid market acceptance for their products. While demand for sausage products is seasonal, being highest in the summertime, the industry's low price point has insulated producers from consumer concerns about red meat's link to heart disease. Revenue surged especially high in the years following the pandemic as drought lifted the price of meat products and inflation in 2022 continued to push sausage prices upwards. Due to these uncharacteristically strong years of growth, industry-wide revenue has been growing at a CAGR of 5.1% over the past five years and is expected to total $24.8 billion in 2024, when revenue will jump an estimated 1.6%.
Industry revenue has grown at a CAGR of 5.1 % over the past five years, to reach an estimated $24.8bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Tyson Foods, Inc. | 6,735.8 | 674.5 | 10.0 | |
Smithfield Foods Inc. | 2,054.6 | 163.9 | 8.0 | |
Kraft Heinz Co | 666.3 | 59.3 | 8.9 |
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Industry revenue is measured across several distinct product and services lines, including Hot dogs (except from poultry), Dinner sausage products (except from poultry) and Breakfast sausage products (except from poultry) . Hot dogs (except from poultry) is the largest segment of the Hot Dog & Sausage Production in the US.
Dinner sausages command premium prices
Operators in this industry primarily produce hot dogs and sausages from slaughtered animals or a combination of meat byproducts from slaughtered animals.
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NAICS 31161 - Hot Dog & Sausage Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising red meat prices have driven growth. Spikes in input costs have been passed downstream through price hikes, bolstering revenue growth. The price of red meat will fall o...
Learn about an industry's products and services, markets and trends in international trade.
Sausage products are seasonal. Dinner sausages and hot dogs are the most popular products, but consumer preference for breakfast sausages in the winter months helps offset th...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Plains have the most producers. By locating near upstream farms, sausage production facilities can save on input costs.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price is key for most consumers. Sausage producers need to leverage economies of scale to undercut competitors and boost sales, especially when disposable income falls.
Learn about the performance of the top companies in the industry.
Sustainability issues are taking center stage. Tyson and Kraft Heinz have rolled out initiatives to curb emissions, which are helping them avoid EPA fines and elevating their...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Food quality laws protect consumers. The FDA and USDA enforce stringent regulations that govern ingredient handling, processing, storage, sanitation, distribution and labelin...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Sausage producers are losing profit. The combination of spiking input costs and supply chain issues has limited producers’ ability to control prices and forced them to face p...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Hot Dog & Sausage Production in the US industry in United States is $24.8bn in 2024.
There are 399 businesses in the Hot Dog & Sausage Production in the US industry in United States, which has grown at a CAGR of 1.9 % between 2019 and 2024.
The market size of the Hot Dog & Sausage Production in the US industry in United States has been growing at a CAGR of 5.1 % between 2019 and 2024.
Over the next five years, the Hot Dog & Sausage Production in the US industry in United States is expected to decline.
The biggest companies operating in the Hot Dog & Sausage Production market in United States are Tyson Foods, Inc., Smithfield Foods Inc. and Kraft Heinz Co
Manufacturing red meat hot dogs and sausages and Manufacturing poultry meat hot dogs and sausages are part of the Hot Dog & Sausage Production in the US industry.
The company holding the most market share in United States is Tyson Foods, Inc..
The level of competition is high and steady in the Hot Dog & Sausage Production in the US industry in United States.