International

Global artificial casings market to rise at $3,955.7 m by 2022

Casings

The global artificial casings market will reach $3,955.7 million by 2022, with a compound annual growth rate (CAGR) of 5.7% from 2017 to 2022, according to Meticulous Research's latest report.

Posted on Mar 23 ,06:41

Global artificial casings market to rise at $3,955.7 m by 2022

 

Analysts at Meticulous Research say that the consumer preference for natural casings could restrict the growth of the natural casings market to some extent. Still, the rise in the global population will determine an increase in meat consumption and production. Also, we will witness more investments in the market by leading players due to an increasing preference among sausage manufacturers for artificial casings. The rise in the number of food restaurants chains and the operational challenges are the main factors that will determine more and more sausage producers to shift from natural casings to artificial ones.

In 2016, according to the report, collagen casings accounted for the largest share in the casings market.

“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.”

The region that will witness the most rapid growth in the global market, according to the report, it is expected to be Asia Pacific due to "rapidly increasing population and urbanization, growing popularity for western-style sausages, growing meat processing industry, and rising expenditure pattern."

Emerging markets, such as Southeast Asia, Latin America, and Africa could provide the artificial casings producers with great opportunities, but these markets too shall witness restricted growth due to consumer preference for natural casings.

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