Artificial Casing Market Trends, Growth, Share, Size and Forecast Research Report 2027

The global artificial casings market size is projected to make considerable gains in the forthcoming years owing to the increasing meat production and consumption worldwide, states Fortune Business Insights™ in its report, titled "Artificial Casing Market Size, Share & Industry Analysis, By Type (Collagen Casings, Cellulose Casings, Plastic Casings) and Regional Forecast, 2020-2027". According to the Organisation for Economic Co-operation and Development (OECD), global meat consumption between 1998 and 2018 increased by 58%, reaching 360 million tons, with population growth accounting for 54% of this increase. Developing countries, primarily China and Indonesia, accounted for a whopping 85% in the rise in the global meat consumption in the past two decades. Underpinned by rapid population growth and rising incomes, meat consumption is slated to increase in a steady manner till 2027, as per projections of the OECD and the FAO. Artificial casings are likely to experience roaring demand amidst the increased meat production and consumption during the next decade as this packaging technology is essential in preserving the freshness of meat and making it easy to purchase in stores.

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Highlights of the Report:

Quantitative & qualitative analysis on the market size & share and the factors influencing them;
Granular assessment of the different market segments;
Valuable insights into the regional developments in the market; and
Comprehensive examination of the key players' profiles and strategies.
Driving Factor

Numerous Advantages Associated with Collagen Casings to Boost the Market

One of the primary factors driving the artificial casings market growth is the multiple benefits offered by collagen casings to meat producers. For example, collagen casings are extremely safe as these casings are made from naturally-extracted sources that are clean and pose no risks to human health. Furthermore, edible variants of these casings offer a superior yield, have high-speed stuffing capabilities, and feature longer shirred lengths. Collagen-based artificial casings are also economically viable. For instance, they do not need to be stored in chilled environments, eliminating the costs associated with using cold storage facilities. With their long shelf-life, these casings are able to maintain the freshness of sausages, giving companies the all-important competitive advantage. Given these advantages, meat producers have been heavily dependent on collagen casings and, as the demand for meat continues to grow across the globe, the adoption of these casings will inevitably surge in the coming years.

Regional Insights

North America to Dictate Market Dynamics Backed by Innovations in Packaging Technologies

North America is poised to dominate the artificial casings market share in the foreseeable future on account of the speedy advancements in packaging technologies made by companies in the region. Besides this, the market is expected to generate attractive opportunities owing to the extensive consumption of frozen food items in the US and Canada.

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In Europe, the market is set to experience robust growth on account to the high demand for pork sausages, which is further supported by the growing demand for animal protein in the region. On the flip side, increasing adoption of veganism due to the spreading awareness about animal cruelty may limit the growth of the market. Asia Pacific is expected create bright prospects for the market as a result of rising popularity of western meat products such as salamis and sausages among the expanding young populations in the region.

Competitive Landscape

Viscofan to Expand Global Footprint with Strategic Acquisitions

The Spanish meat packaging company, Viscofan, has been aggressively bolstering its global position in the artificial casings market by strategically acquiring rival companies in this industry. This strategy is not only allowing Viscofan to expand its international footprint, but it is also enabling the company to differentiate its offerings with the addition of novel products as well as allowing it to establish its presence in new markets.

Industry Developments:

December 2019: Viscofan Group announced the purchase of the collagen casing division of the Japan-based Nitta Gelatin, a leading producer and distributor of collagen products in the country, catering to the industrial, food, and pharmaceutical sectors.

November 2018: Viscofan Group entered into a deal to make cash acquisition of issued shares of Globus Group, Jupiter Pty Ltd, and Globus Group New Zealand, for an enterprise value of AUD 13.32 million. Globus Group New Zealand is Viscofan's Distributor in New Zealand and Australia.
List of Key Players Covered in the Artificial Casings Market Report:

Kalle GmbH
Selo B.V.
Nippi, Inc.
DAT-Schaub Group
Viskase Companies, Inc.
Visko Teepak Holding Ab Ltd.
Nitta Casings, Inc.
Shenguan Holdings
Devro Plc
Viscofan Group

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This release was published on openPR.