Meticulous Research® – a leading global market research company published a research report titled “Collagen Casings Market by Type (Edible, Non-Edible), Caliber (Small, Large), Application (Fresh Sausages, Processed Sausages (Pre-cooked, Smoked, Cured), End User (Food Service Providers, Food Retail), Distribution Channel - Forecast To 2028".
According to this latest publication from Meticulous Research®, the collagen casings market is expected to grow at a CAGR of 5.9% from 2021 to 2028 to reach $2.04 billion by 2028. In terms of volume, the collagen casings market is expected to grow at a CAGR of 2.1% from 2021 to 2028 to reach 18.99 billion meters by 2028.
The growth of this market is mainly attributed to an increase in the global population and subsequent rise in meat consumption and production; increasing preference to collagen casings by sausage manufactures; casings manufacturers’ shift from natural casings to collagen casings due to operational challenges; and rising number of fast-food restaurant chains. Moreover, growing demand from emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa is expected to create lucrative opportunities for players operating in this market. However, consumer preference for natural casings over collagen casings is expected to hinder the growth of this market to some extent.
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Based on type, the collagen casings market is segmented into edible and non-edible collagen casings. The edible collagen casings segment accounted for the largest share of the overall collagen casings market in 2021. The leading position of this segment is mainly attributed to its cost benefits and increasing consumer acceptance. Factors such as edible nature, standard diameter, uniformity, and strength are further contributing to its large adoption. This segment is also expected to grow at the fastest CAGR during the forecast period.
Based on caliber, the collagen casings market is segmented into large and small calibers. The small calibers segment accounted for the largest share of the global collagen casings market in 2021. The leading position of this segment is mainly attributed to its low cost, edible nature, and increased demand for poultry products, particularly in regions where beef and pork are not eaten for cultural or religious reasons.
Based on application, the collagen casings market is segmented into fresh and processed sausages. The processed sausages segment accounted for the largest share of the overall collagen casings market in 2021. The leading position of this segment is mainly attributed to increased demand for ready-to-go premium meat products, a greater variety of processed products available in multiple distribution channels, and increasing preference by craft food producers for innovative processing technologies such as smoking technology. This segment is also expected to grow at the fastest CAGR during the forecast period. In addition, processed sausages are further segmented into pre-cooked, smoked, and cured sausages. The pre-cooked sausages segment accounted for the largest share of the overall collagen casings market for processed sausages in 2021.
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Based on end user, the collagen casings market is segmented into food processing organizations, food service providers, food retail, and others. The food processing organizations segment accounted for the largest share of the overall collagen casings market in 2021. Increasing demand for sausages has led to the large-scale production of sausages in food processing organizations.
Based on the distribution channel, the global collagen casings market is mainly segmented into offline and online. The offline distribution channel segment accounted for the largest share of the overall global collagen casings market in 2021. The large share of this market is mainly attributed to the growing number of modern groceries; advances in the physical infrastructure of brick-and-mortar grocers due to easy access and availability; and higher-quality meat products offered. However, the online distribution channel segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to faster accessibility and cost-effectiveness; increasing internet and smartphone penetration; and increasing consumer wealth.
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Geographic Review
Geographically, North America accounted for the largest share of the overall collagen casings market in 2021. The leading position of North America is primarily attributed to the well-established meat processing industry, huge availability of sausage and processed premium meat products, high consumer demand for ready-to-eat and ready-to-cook meat products, increasing number of fast-food restaurant chains, and presence of a large number of sausages manufacturers. However, the Asia-Pacific region possesses lucrative growth potential for the collagen casings market during the forecast period. This is mainly attributed to the increasing outside food consumption, rising expenditure on meat and healthy products, growing westernization culture, and growing population & urbanization.
Key Players:
The key players operating in the global collagen casings market are Viscofan, S.A. (Spain), Devro plc, Shenguan Holdings (Group) Limited, DAT-Schaub Group (Part of Danish Crown Amba), ViskoTeepak Holding Ab Ltd. (Finland), Fibran, S.A. (Spain), Nippi, Inc. (Japan), FABIOS S.A. (Poland), Oversea Casing Company (U.S.), LEM Products, and Selo B.V. (The Netherlands).
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Key questions answered in the report-
• What is the current value of revenue generated by collagen casings across the globe?
• At what rate is the demand for global collagen casings projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for collagen casings across the globe?
• What are the major factors impacting the growth of this market at global and regional levels? What are major opportunities for existing market players and new entrants in the market?
• What impact does the current COVID-19 pandemic have on the collagen casings market at various levels in the value chain?
• Who are the major players in the global collagen casings market? And also, what are their specific product offering in the meat sausages industry?
• What recent developments have taken place in the global collagen casings market, and how are these strategic developments creating a global impact?
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