USD 3.23 billion
Report ID:
SQMIG15A2095 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
118
|Figures:
77
Global Artificial Casing Market size was valued at USD 3.23 billion in 2021 and is poised to grow from USD 3.43 billion in 2022 to USD 5.5 billion by 2030, growing at a CAGR of 6.1% in the forecast period (2023-2030).
The global artificial casing market is growing due to the rising popularity of meat in the market. The market for casings is increasing as a result of a growing demand for animal proteins due to their nutritional advantages. The substance that encases the filling of a meat sausage is called artificial casing. Due to the strong demand for beef sausages, the artificial casing business has seen considerable increase in recent years. Collagen, cellulose, or artificial films like nylon are the basic components of artificial casing. The need for artificial casings is increasing in part because natural casings are more expensive, less readily available, and more difficult to get animal intestines worldwide.
The growing interest of the artificial casing market can also be due to the global growth of the food service market. The market for artificial casings in meat packaging is expanding as a result of the increasing availability of frozen meat products through different distribution channels. A wider customer base is being drawn in by the development of various artificial casings in various shapes, sizes, and looks. In the upcoming years, it is projected that technological development to enhance the process and total manufacturing of artificial casings will drive market expansion in the coming years.
Value-added casings, a new type of artificial casing that Kalle GmbH presented to the market. By transmitting smoke, colour, and seasoning to the filler surface, newly added value-added casings, in contrast to the present artificial casings, completely remove production processes. In response to growing consumer nutritional trends, production costs are decreased by up to 20% while product safety is increased.
Global Market Size
USD 3.23 billion
Largest Segment
Collagen Casings
Fastest Growth
Collagen Casings
Growth Rate
6.1% CAGR
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The global artificial casings Market is segmented based on type, application, distribution channel, end user, and region. In terms of type, the global artificial casings market is segmented into collagen casings (edible collagen casing, non-edible collagen casing), cellulose casings, and plastic casings. Based on application, the market is grouped into animal-based sausages (fresh sausages, processed sausages), and plant-based sausages. Based on distribution channel, the market is classified into Offline, and Online. With respect to segmentation by end-user, the market is grouped into food processing companies, food retailers, food service providers, and others. Demographically, the market is widespread into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Type
The artificial casings market is separated into collagen casings, cellulose casings, and plastic casing. The market is anticipated to be dominated by the collagen casings segment. Due to higher production rates and less human demand, this segment's large market share is mostly driven by its lower cost of manufacturing as compared to gut casings and other artificial sausage casings. The demand for collagen casings is also impacted by the advantageous qualities of these materials, such as their edibility, uniformity, strength, and standard diameter.
Analysis by End User
The artificial casings market is segmented by end users into food processing businesses, food large retailers, food retailers, and others. According to estimates, the artificial casings industry is dominated by the segment of food processing businesses. However, it is forecast that during the forecast period, the segment of food service providers will record the highest CAGR and emerge as the fastest growing segment during the forecast period. Factors such as the rise in fast food systems are designed on by the busy lives of the working population, coupled with the proliferation of food distribution channels are also what drive the growth of this segment.
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North America is expected to emerge dominant in the artificial casing market. The region's food business has undergone significant transformations recently, which can be attributed to research, technological development, and packaging designs. The market for artificial casings is expanding thanks in part to the meat industry's gratifying expansion. The region's need for artificial casings is being driven by the rise in prepared food lines in supermarkets and hypermarkets.
Asia pacific expected to exhibit promising growth and emerge as the fastest growing region during the forecast period, on account of the booming food industry. The region's millennial population is driving demand for food products like sausages and hot dogs by adopting the right diet quality. However, throughout the forecast period, the market in Asia-Pacific is anticipated to see the highest CAGR. This region's market is expanding as a result of rising fast food demand, rising processed goods spending, and expanding urbanisation and westernisation.
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Drivers
Increasing Innovation & Technological Advancement for the production of casing
Sausage Casings Market Growth
Restraint
Rising Animal Welfare Concerns
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The market analysis includes a section specifically devoted to the major players in the global collagen artificial casings market. Here, our analysts give an overview of each major player's financial statements, along with information on their key developments, product benchmarking, and SWOT analysis. A business summary and financial data are also included in the portion of the company profile. The businesses offered in this section can be altered to meet the needs of the customer.
Top Player's Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global artificial casing market analysis, advancements in the healthcare sector, the growing number of technological applications, the rising use of collagen-based biomaterials, and the expanding tendency toward protein and nutricosmetics consumption all support the expansion of this market. The growth in per capita income also unlocks previously unexplored geographic regions, and the expanding food processing sector offers significant opportunities for growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.23 billion |
Market size value in 2031 | USD 5.5 billion |
Growth Rate | 6.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Artificial Casing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Artificial Casing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Artificial Casing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Artificial Casing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2095
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