Sausage/Hotdog Casings Market to Witness Robust Expansion by 2023
Casing, sausage casing, or sausage skin is the material that encloses the filling of a sausage. Casings are divided into two categories, natural and artificial. Artificial casings, such as collagen, cellulose, plastic, and extruded casings, are relatively new to the field.
Artificial casings are made of collagen, cellulose, or even plastic and may not be edible. Artificial casings from animal collagen can be edible, depending on the origin of the raw material.
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Global Sausage/Hotdog Casings Market: Forecast by Type / Application / Region
Viscofan accounted for 14.21% global Sausage/Hotdog Casings market share in 2016. Other players accounted for 7.34%, 6.17%, including Viskase, Devro.
Global consumer market share are mainly distributed in Asia-Pacific. It has unshakable status in this field. Asia-Pacific takes the consumption market share of 46.36% in 2016, Europe followed by with 24.83% in 2016.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, the slow down price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the United States recovery trend is slightly, investors are still optimistic about this area; the future will still have more new investment enter the field.
Over the next five years, LPI(LP Information) projects that Sausage/Hotdog Casings will register a 3.3% CAGR in terms of revenue, reach US$ 7700 million by 2023, from US$ 6550 million in 2017.
Global Sausage/Hotdog Casings Market: Key Players
Beijing Qiushi Agriculture Development Co., LTD
International Casings Group
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United States Sausage/Hotdog Casings Market Research Report 2018
Europe Sausage/Hotdog Casings Market Research Report 2018
North America Sausage/Hotdog Casings Market Research Report 2018
Asia-Pacific Sausage/Hotdog Casings Market Research Report 2018
China Sausage/Hotdog Casings Market Research Report 2018
EMEA Sausage/Hotdog Casings Market Research Report 2018
Global Sausage/Hotdog Casings Market Research Report 2018
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