Press release
Europe Artificial Casings Market to be Worth $1.65 Billion by 2030
According to the latest report from Meticulous Research®, the Europe artificial casings market is expected to reach $1.65 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. In terms of volume, the market is projected to reach 16,558.8 million meters by 2030, with a CAGR of 3.4% over the same period.Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=4303
This growth is driven by several factors, including population growth in Europe leading to higher meat consumption and production, increasing acquisitions by leading market players, growing preference for artificial casings among sausage manufacturers, the shift from natural to artificial casings due to operational challenges, and the expansion of foodservice chains. Additionally, the rise of vegetarian sausage casings presents significant growth opportunities for companies in this market. However, the strong preference for natural casings over artificial ones among consumers poses a challenge to market growth in Europe.
Market Segmentation
The Europe artificial casings market is segmented by type, application, distribution channel, end user, and country.
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By Type: The market is divided into collagen casings, cellulose casings, plastic casings, fibrous casings, textile casings, net casings, and vegetarian casings. In 2023, the collagen casings segment is expected to dominate the market, owing to their lower production costs compared to natural and other artificial casings. The demand for collagen casings is further supported by their functional properties, such as edibility, consistent diameter, uniformity, and strength. However, the vegetarian casings segment is projected to grow at the highest CAGR during the forecast period.
By Application: The market is segmented into animal-based sausages and plant-based sausages. In 2023, animal-based sausages are anticipated to hold the larger market share, driven by increased consumption of processed meat products, the popularity of collagen casings, and a growing consumer preference for protein-rich diets. However, the plant-based sausages segment is expected to register a higher growth rate, attributed to a shift toward healthier, tastier, sustainable, and environmentally friendly vegetarian products among consumers.
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By Distribution Channel: The market is categorized into offline and online channels. In 2023, the offline segment is predicted to account for the larger market share due to the broad availability of food products, the increasing number of modern grocery stores offering high-quality items, and the enhanced shopping experiences in brick-and-mortar outlets. Nonetheless, the online segment is forecasted to grow at a higher CAGR, driven by the convenience and cost-effectiveness of online shopping, increased internet and smartphone penetration, and rising consumer purchasing power.
By End User: The market is segmented into food processing companies, food service providers, food retailers, and others. In 2023, food processing companies are expected to hold the largest market share, supported by the increased production of sausages driven by the growing demand for innovative food products. However, the food service providers segment is projected to witness the highest growth rate during the forecast period.
*Related research:https://www.meticulousresearch.com/product/artificial-casings-market-5035
By Country: Germany is anticipated to lead the Europe artificial casings market in 2023, due to the presence of numerous sausage manufacturers and growing demand for convenience foods. However, the Netherlands is expected to achieve the highest CAGR over the forecast period.
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Key Players
The report profiles key players in the Europe artificial casings market, including Viscofan S.A. (Spain), Devro PLC (U.K.), Selo (Netherlands), DAT-Schaub Group (Denmark), ViskoTeepak (Finland), FIBRAN S.A. (Spain), Viskase Companies, Inc. (U.S.), Innovia Films Limited (U.K.), FABIOS S.A. (Poland), Kalle GmbH (Germany), Oversea Casing Company LLC (U.S.), and Nutra Produkte AG (Switzerland).
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