Meticulous Research® Unveils Comprehensive Report on Collagen Casings Market Growth Trends and Projections

[Redding, California , 08-03-2024] - Meticulous Research®, a distinguished global market research company, announces the publication of its latest in-depth analysis, titled "Collagen Casings Market by Type (Edible, Non-Edible), Caliber (Small, Large), Application (Fresh Sausages, Processed Sausages - Pre-cooked, Smoked, Cured), End User (Food Service Providers, Food Retail), Distribution Channel - Forecast To 2028".

According to Meticulous Research®, the collagen casings market is poised for robust growth, projected to expand at a noteworthy CAGR of 5.9% from 2021 to 2028, reaching an estimated value of $2.04 billion by 2028. In terms of volume, the market is expected to witness a steady CAGR of 2.1%, culminating in 18.99 billion meters of collagen casings by 2028.

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The growth trajectory of this market is underpinned by several factors, including the escalating global population coupled with increased meat consumption and production, burgeoning preference for collagen casings among sausage manufacturers, transition of casing manufacturers from natural to collagen casings due to operational efficiencies, and the proliferation of fast-food restaurant chains. Additionally, burgeoning demand from emerging economies across Asia-Pacific, Latin America, and the Middle East & Africa is anticipated to unlock lucrative opportunities for industry players. Nevertheless, the persistent consumer preference for natural casings over collagen variants is anticipated to marginally impede market growth.

Meticulous Research®'s comprehensive study furnishes historical market data for 2019 and 2020, estimated current data for 2021, and forecasts spanning until 2028. The market segmentation encompasses type, caliber, application, end user, distribution channel, and geographical analysis. The report delves into industry competitors and provides a granular examination at a country level.

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Key Insights from the Report:

Type: The collagen casings market is segmented into edible and non-edible collagen casings. Edible collagen casings emerged as the dominant segment in 2021, owing to cost efficiencies and heightened consumer acceptance. Notably, this segment is anticipated to register the fastest CAGR during the forecast period, propelled by its edible nature, standard diameter, uniformity, and robustness.

Caliber: Segmented into large and small calibers, the small calibers segment seized the largest share of the global collagen casings market in 2021. This dominance can be attributed to its affordability, edibility, and burgeoning demand for poultry products, particularly in regions where beef and pork consumption is restricted for cultural or religious reasons.

Application: The market segments include fresh and processed sausages, with the processed sausages segment capturing the lion's share in 2021. This dominance is fueled by heightened demand for premium ready-to-eat meat products, an expanded array of processed products available across multiple distribution channels, and a predilection for innovative processing technologies such as smoking.

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End User: Segmented into food processing organizations, food service providers, food retail, and others, the food processing organizations segment emerged as the frontrunner in 2021, driven by the escalating demand for sausages, culminating in large-scale production within these establishments.

Distribution Channel: Categorized into offline and online channels, the offline segment dominated the global collagen casings market in 2021. However, the online segment is poised for exponential growth during the forecast period, buoyed by enhanced accessibility, cost-effectiveness, escalating internet penetration, and increasing consumer affluence.

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Key Players:

The key players operating in the global collagen casings market are Viscofan, S.A. (Spain), Devro plc, Shenguan Holdings (Group) Limited, DAT-Schaub Group (Part of Danish Crown Amba), ViskoTeepak Holding Ab Ltd. (Finland), Fibran, S.A. (Spain), Nippi, Inc. (Japan), FABIOS S.A. (Poland), Oversea Casing Company (U.S.), LEM Products, and Selo B.V. (The Netherlands).

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