Nathan's hot dog eating contest offers the frank a rare chance to shine

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Nathan's hot dog eating contest offers the frank a rare chance to shine
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The humble hot dog is a common sight at Fourth of July celebrations, and is an established part of the American diet. But the category has been stagnant over the last several years and its reputation has been threatened by health concerns.

Nathan's Famous hot dog eating contest in Coney Island, New York is an annual event where the hot dog gets to shine.

Broadcast on ESPN, the event is also a clever marketing strategy for a company known for a food that is falling out of fashion on restaurant menus. But sales of hot dogs aren't really growing that much. Other trends in the marketplace have overtaken its popularity, industry analysts say, and health concerns have threatened its reputation. In 2015, the World Health Organization linked the consumption of processed meats, including hot dogs, to cancer.

"Hot dogs are not doing fantastically over the last few years in retail," said Megan Nelson, an analyst at market researcher Nielsen. She explained that consumers tend to put a "health halo" on foods they perceive as healthier, even if those foods contain as much fat, salt or sugar, as a more conventional counterparts.

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