Artificial Casings Projected at $5.87B by 2031
Meticulous Research®—a leading global market research company, published a research report titled ‘Artificial Casings Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research®, the artificial casings market is expected to reach $5.87 billion by 2031, at a CAGR of 6.5% from 2024 to 2031.
The rise in meat consumption and production around the
world, sausage manufacturers increasingly using artificial casings, casing
manufacturers switching from natural casings to artificial casings to reduce
operational complexities, and an increasing number of food chain businesses are
all driving the growth of the artificial casings market. However, rising
customer preference for natural sausage casings over artificial sausage casings
may limit market expansion to some extent.
Furthermore, expanding economies and rising demand for vegetarian sausage
casings are projected to present prospects for market participants. However,
animal sickness and health issues offer a big problem in the artificial casings
business.
Key Players
The artificial casing market is
characterized by a moderately competitive scenario due to the presence of many
large- and small-sized global, regional, and local players. The key players
operating in the artificial casings market are Viscofan, S.A. (Spain), SARIA SE
& Co. KG (Germany), Selo B.V. (Netherlands), Shenguan Holdings (Group)
Limited (China), DAT-Schaub Group (Part of Danish Crown AmbA) (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.), Nutra Produkte AG (Switzerland), Ruitenberg
Ingredients B.V. (Netherlands), and Ennio International (Australia).
The artificial casings market is
segmented based on type, application, distribution channel, and end user. The
report also evaluates industry competitors and analyzes the artificial casings
market at the regional and country levels.
The collagen casings category is anticipated to hold the
biggest proportion of the artificial casings market in 2024, accounting for
42.9% of the total, out of all the varieties examined in this analysis. Due to
faster production speeds and fewer labor requirements, this segment's reduced
production costs when compared to gut casings and other artificial sausage
casings are the main factors driving its significant market share. Collagen
casings' advantageous qualities, including their consistency, strength,
standard diameter, and edible nature, are further influencing their widespread
use.
The market for artificial casings is anticipated to be dominated by the
animal-based sausages sector in 2024, out of all the applications examined in
this study.
The growing number of modern groceries
offering high-quality food products and access to a multitude of food products
supports the segment’s dominant position.
The food-processing firms sector is predicted to hold the
largest proportion of the artificial casings market in 2024 among the end users
examined in the report. Large-scale sausage production has resulted from the
growing demand for sausages, which in turn has increased demand for artificial
casings. Furthermore, the segment's leading position in the market is a result
of improved automation in sausage production, expanding consumer appetite for
novel culinary options, and optimized production efficiencies.
Geographic Review
This research report analyzes major geographies and
provides a comprehensive analysis of North America (U.S., Canada), Europe
(Germany, France, Italy, U.K., Spain, Poland, Netherlands, Russia, Austria, and
Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of
Asia-Pacific), Latin America (Brazil, Mexico, Chile, Argentina, Colombia, and
Rest of Latin America), and the Middle East and Africa (UAE, Saudi Arabia,
South Africa, and Rest of Middle East and Africa).
Europe is estimated to dominate the artificial casings market in 2024,
accounting for 30.8%, followed by Asia-Pacific and North America. Several
crucial factors contribute to Europe's considerable market dominance, including
the presence of major sausage manufacturers.
manufacturers and their desire to
adopt artificial casings over gut casings to achieve greater product quality
and food safety, the growing meat processing sector, high availability of
sausage & processed meat products, and the presence of fast-food restaurant
chains.
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Key Questions Answered in the
Report:
·
What is
the total revenue of the artificial casings market?
·
At what
rate is the global demand for artificial casings projected to grow for the next
five to seven years?
·
What is
the historical market size and growth rate for the artificial casings market?
·
What are
the major factors impacting the growth of this market at global and regional
levels?
·
What are
the major opportunities for existing players and new entrants in the market?
·
Which
type, application, distribution channel, and end user segments create major
traction for the manufacturers in this market?
·
What are
the key geographical trends in this market? Which regions/countries are
expected to offer significant growth opportunities for the manufacturers
operating in the artificial casings market?
·
Who are
the major players in the artificial casings market? What are their specific
product offerings in this market?
·
What
recent developments have taken place in the artificial casings market? What
impact have these strategic developments created on the market?
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