Press release
Artificial Casings Market is projected to reach $5.14 billion by 2029
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Opportunities and Challenges
The demand from developing countries in Southeast Asia, Latin America, and Africa, along with the emergence of vegetarian sausage casings, presents lucrative opportunities for market players. However, the preference for natural sausage casings over artificial ones is expected to hinder market growth significantly.
Market Dynamics
Population Growth and Meat Consumption
The rising global population, especially in urban areas, drives the demand for artificial casings. The global population reached 7.9 billion in 2021 and is projected to reach 8.5 billion by 2030. Urbanization, improved living standards, and rising incomes influence the affordability and demand for sausages and processed meat products.
Increased Meat Production and Consumption
Data from the OECD indicates a rise in meat consumption and production. For instance, the average American adult consumed 97.5 kg of meat in 2020, up from 90 kg in 2017. By 2030, this is projected to increase to 99.5 kg per person in the U.S. and 37.3 kg globally. This increase in meat consumption drives the demand for artificial casings.
Key Market Segments
• By Type: Collagen casings are expected to dominate the market in 2022 due to their lower production cost, edible nature, standard diameter, uniformity, and strength. The vegetarian casings segment is projected to register the highest CAGR.
• By Application: Animal-based sausages are expected to account for the largest market share in 2022. However, the plant-based sausages segment is anticipated to grow rapidly due to the shift towards healthy, sustainable, and environment-friendly sausage varieties.
• By Distribution Channel: The offline segment is estimated to hold the largest market share in 2022, while the online segment is expected to grow at a higher CAGR.
By End User: Food processing companies are expected to dominate the market in 2022, driven by high sausage demand. The food service providers segment is projected to register the highest CAGR
Browse in depth: https://www.meticulousresearch.com/product/artificial-casings-market-5035
.Regional Insights
North America is expected to hold the largest market share in 2022, attributed to a well-established food & beverage industry and high meat consumption. The Asia-Pacific region is projected to grow at the highest CAGR, driven by increasing fast food demand, spending on processed products, and urbanization.
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Key Players
The market is highly fragmented, with key players including Viscofan, S.A. (Spain), Devro plc (U.K.), Selo B.V. (Netherlands), Shenguan Holdings (Group) Limited (China), DAT-Schaub Group (Denmark), ViskoTeepak Holding Ab Ltd (Finland), Fibran S.A. (Spain), Viskase Companies, Inc. (U.S.), Nippi. Inc. (Japan), FABIOS S.A. (Poland), Kalle GmbH (Germany), Oversea Casing Company (U.S.), and Nutra Produkte AG (Switzerland).
*Related research:
1. Europe Artificial Casings Market: https://www.meticulousresearch.com/download-sample-report/cp_id=4303
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Mr. Khushal Bombe
Meticulous Market Research Inc.
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