Americans spent 1.7 billion
USD on hot dogs last year & that is just at supermarkets. It does not count
wieners purchased at restaurants & sports facilities or from street seller.
And no day is better for hot dog consumption than the Fourth of July,
when Americans are expected to eat near about 150 million of them, that is
enough to stretch from Washington D.C., to Los Angeles more than 5 times.
While those numbers are counted
high, overall hot dog sales are in down trend. According to IRI, a
Chicago based market-research firm, sales dropped more than 3% in 2012 from
2011, following 2 consecutive years of small declines. Figures for this year
are looking soft as well. The fall is surprising in light of the slow-moving
economy—hot dogs are usually considered the ideal recession foodstuff.
Hot dogs are typically popular
among children, for example, so the declining birth rate in America may be to
blame. Changing immigration patterns & demographic profile may also act
behind. Some study reveals that higher raw material costs are leading to higher
retail price points. Consumers are very sensitive to that. The biggest
challenge facing this industry is the constant rising costs of raw materials,
especially beef prices, over the past few years, which usually translates into its
falling fortunes.
According to Josh Ozersky - a
food journalist & historian, the hot dog will become increasingly
marginalized as the U.S. palate broadens. More Americans & especially
younger Americans now eat nachos or tacos than hot dogs, he added. But what
about the many outlets that serve nachos on hot dogs? It instantly indicates
the desperate state of the hot dog. That is actually like a middle-aged Hollywood
actress who gets Botox & breast implants to try to stay relevant.
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