The man-made sausage casing market share will post an incremental growth of USD 731.84 million, progressing at a CAGR of 6.88% during the forecast period. The rapid proliferation of quick-service restaurants will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Man-made Sausage Casing Market” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 1517.87 million.
Browse Technavio's 165-page report and in-depth TOC on "Man-made Sausage Casing Market by application (household and industrial), type (collagen casing, cellulose casing, fibrous casing, plastic casing, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa)."
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The man-made sausage casing market is segmented by application (household and industrial), type (collagen casing, cellulose casing, fibrous casing, plastic casing, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The growth of the man-made sausage casing market size in the household segment will be significant during the forecast period. The increasing interest of the millennial population in cooking is further driving the demand for man-made sausage casings.
North America is estimated to contribute 42% to the growth of the global market during the forecast period. The rise in demand for processed meat from the household sector in North America has been aided by an increase in the number of supermarkets in the region.
The rapid proliferation of quick-service restaurants will directly influence the sales of man-made sausage casing. In addition, the rising number of organized retail outlets is one of the major man-made sausage casing market trends that will positively impact the market growth. However, factors such as the increasing frequency of animal disease outbreaks will hamper the man-made sausage casing market growth.
The market is fragmented due to the presence of several players. Some of the major man-made sausage casing market vendors are Almol Australiasia Casings pl, Biostar Co., Blancasings Industriale SRL, Colpak, Danish Crown AS, Devro plc, FABIOS S.A., Fibran Group, Foodchem International Corp., Fortis Srl, Icahn Enterprises L.P., Kalle GmbH, Malabar Ingredients, Nippi Inc., Oversea Casing Co., PODANFOL S.A., SELO BV, Shenguan Holdings Group Ltd., Viscofan SA, and ViskoTeepak Holding Ab Ltd.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2023-2027.
CAGR of the man-made sausage casing market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the man-made sausage casing market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the man-made sausage casing market.
Man-made sausage casing industry growth across North America, Europe, APAC, South America, and Middle East and Africa.