Artificial Casings Market Worth 3,955.7 USD Million By 2022
The
Global Artificial Casings Market will
grow at a CAGR of 5.7% from 2017 to 2022 to reach USD 3,955.7 million by 2022,
according to the latest publication by Meticulous Research®. The
global artificial casings market is driven by increase in the global population
and subsequent rise in the meat consumption and production, accelerating
investments from leading players, increasing preference to artificial casings
by sausage manufacturers, casings manufacturers’ shift from natural casings to
artificial casings due to operational challenges, and rising number of food
restaurant chains. In addition, emerging economics such as Southeast Asia,
Latin America, and Africa provides significant opportunities to the
manufacturers in the global artificial casings market. However, consumer
preference to natural casings over artificial casings restrict growth of this
market to some extent
.
The global artificial
casings market is mainly segmented by type (collagen casings, cellulose
casings, plastic casings, fibrous casings, value added casings, textile
casings, and net casings), and by geography (North America, Europe,
Asia-Pacific, Latin America, and Middle East & Africa).
In case of artificial
casing types, the collagen casings commanded the largest share in the global
artificial casings market in 2016. The cost to produce sausages by using
collagen casings is significantly lower than making sausages in gut because of
higher production speeds and lower labor requirements. This is the key reason
behind the largest share of this segment in the global artificial casings
market.
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Geographically, North
America accounted for the largest share in the global artificial casings market
in 2016, followed by Europe, and Asia-Pacific. The largest share of this region
is mainly attributed to the well established food and beverage industry, huge
consumption of sausage and processed meat products, and increasing number of
fast food restaurant chains. However, Asia Pacific market is expected to
witness a rapid growth during the forecast period mainly attributed to rapidly
increasing population and urbanization, growing popularity for western-style
sausages, growing meat processing industry, and rising expenditure pattern.
The leading companies
have employed various strategies to expand their product and application
offerings, global footprint, and augment their market share. The key strategies
followed by most companies in the global artificial casings market were
agreements & partnerships and acquisitions. The key players in the global
artificial casings market are Viscofan SA (Spain), Devro PLC (U.K.), Selo (The
Netherlands), Shenguan Holdings (Group) Limited (China), DAT-Schaub Group
(Denmark), ViskoTeepak (Finland), FIBRAN, S.A. (Spain), Viskase Companies, Inc.
(U.S.), Innovia Films Limited (U.K.), Colpak (South Africa), Nippi, Inc.
(Japan), FABIOS S.A. (Poland), Nitta Casings Inc. (U.S.), Kalle GmbH (Germany),
Oversea Casing Company LLC. (U.S.), and DeWied International Inc. (U.S.).
About Meticulous Research®
MeticulousResearch® is founded in 2010 and incorporated
as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company
under the Companies Act, 1956. Since its incorporation, the company has become
the leading provider of premium market intelligence in North America, Europe,
Asia-Pacific, Latin America, and Middle East & Africa.
Viren
Shrivastava
AVP- Global Sales and Marketing
Meticulous Research®
Tel: +1-646-781-8004
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