Fleeing high meat prices, consumers migrate to “sausages”

United States – Specialized economic platforms in the United States of America indicate an increase in the demand and consumption of “sausages” as a protein alternative to the more expensive meat, as a result of the rise in prices and inflation compared to previous years.

The surge in demand for sausages could be the latest sign that consumers are tightening their belts in the face of ever-rising prices, SeaWorld magazine says.

According to the Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, one producer reported “modest growth” in the sausage category, a trend that highlights how shoppers are increasingly opting for more affordable products and cutting overall spending as cumulative inflation continues to erode purchasing power.

“This sausage category tends to grow when the economy is weak,” the producer noted, because sausages are a good protein alternative to higher-priced meats and can help stretch consumers’ food budgets.

A number of corporate executives, including leaders of major restaurant chains, have warned that consumer spending is starting to slow, particularly as low-income families struggle to stretch their finances.

The switch to hot dogs is a clear example of what experts call “trading down prices.” While more savvy consumers might opt ​​for more expensive proteins like steak or chicken, price-conscious shoppers are increasingly turning to hot dogs and other less expensive alternatives.

Agencies

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2024-09-02 10:28:10

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