Product Code: ETC382704 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India hot dog and sausages market import shipment witnessed a significant decline with a CAGR of -46.8% from 2020 to 2024. However, there was a notable uptick in growth between 2023 and 2024, showing signs of a potential rebound. The market appears to be stabilizing after a period of contraction.
The India hot dog and sausages market size was valued at USD 245 million and is expected to register a CAGR of 7% owing to increasing urbanization coupled with rapid economic development which has resulted in tremendous changes within India food culture as consumers have become more open towards new food items like frankfurters/hot dogs sold via retail outlets, grocery stores or even street vendors across cities offering convenience foods prepared from processed meat items having low cost yet greater taste appeal when compared other snacks options making it one of most preferred choice amongst working individuals primarily between 18-34 age group who generally prefer having them after long work hours or while travelling when they look out for quick meal option that can provide them all necessary essential nutrients required throughout day without much fussing over preparation process involved since majority hot dog/sausage product available come pre cooked ready form thereby requiring minimal efforts on part of customer if any before consumption which add up their overall convenience level immensely thus driving higher adoption rates both domestically as well abroad.
In the India hot dog and sausages market, the key drivers of expansion are changing consumer preferences and an increasing inclination towards convenience food options. As urbanization and busy lifestyles become more prevalent, consumers seek quick and ready-to-eat meal solutions, propelling the demand for hot dogs and sausages. Moreover, the influence of Western food culture and the growing popularity of fast-food chains have further fueled the market`s growth.
The India hot dog and sausages market faces obstacles in terms of vegetarian preferences and religious dietary restrictions. India diverse cultural landscape and the large vegetarian population impact the widespread acceptance and demand for hot dog and sausage products.
The hot dog and sausages market were adversely affected by the closure of restaurants, eateries, and entertainment venues during the lockdowns. With people staying at home and avoiding non-essential outings, the demand for ready-to-eat food items like hot dogs and sausages declined, impacting the market`s growth.
As the fast-food culture gains popularity in India, the hot dog and sausages market has seen substantial growth. Key players dominating this market include Al-Kabeer Exports Pvt. Ltd., Venky`s India Ltd., Capital Foods Pvt. Ltd., and Godrej Tyson Foods Ltd.