Global Artificial Casings Market: Trends, Growth, and Forecast 2024-2030


Posted July 18, 2024 by ankitabarure

the demand from developing countries in Southeast Asia, Latin America, and Africa and the emergence of vegetarian sausage casings are expected to create lucrative opportunities for players operating in this market.

 
The Artificial Casings Market is projected to reach $5.14 billion by 2029, growing at a CAGR of 6.6% from 2022 to 2029. In terms of volume, the market is expected to reach 51.93 billion meters by 2029, with a CAGR of 3.8% from 2022 to 2029. Key factors driving this growth include the increase in global meat consumption and production, the growing preference for artificial casings among sausage manufacturers, the shift from natural to artificial casings due to operational challenges, and the rising number of foodservice chains.
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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.
Consequently, companies in the artificial casings space adapted their strategies to meet the growing demand for vegan sausages. Key developments include:
• Loryma and Viscofan Collaboration (April 2020): Developed a recipe for vegan sausages based on wheat.
• Kalle GmbH (April 2019): Launched the vegan-suitable NaloProSpice PR casing with animal-free glue.
• Nestlé (January 2020): Introduced plant-based sausages in Europe and the U.S.
• Impossible Foods (January 2020): Expanded its sausages to 139 Burger King outlets in the U.S.
• High Peaks (January 2020): Launched premium plant-based sausages in the U.S.
• Alpha Foods (February 2020): Raised $28 million for its portfolio of vegetarian products.
• Lightlife (February 2020): Launched plant-based breakfast sausages.
• Dunkin’ and Beyond Meat Partnership (July 2019): Introduced the New Beyond Sausage Breakfast Sandwich in Manhattan.
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.
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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.
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.
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).
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Issued By ankitab
Country India
Categories Advertising , Blogging , Internet
Tags artificial casings market
Last Updated July 18, 2024