Meticulous Research®—a leading global market research company, published a research report titled ‘Europe Artificial Casings Market by Type (Collagen Casing, Cellulose Casing, Plastic Casing, Fibrous Casing, Vegetarian Casing), Application (Vegan Sausages), Distribution Channel (Online), End User (Food Processing Companies, Retailers) - Forecast to 2030.’
According to this latest publication from Meticulous Research®, in terms of value, the Europe artificial casings market is expected to reach $1.49 billion by 2030, at a CAGR of 6.1% from 2023 to 2030. In terms of volume, the Europe artificial casings market is expected to reach 15,026.2 million meters by 2030, at a CAGR of 3.8% from 2023 to 2030.
The growth of this market is attributed to an increase in the population growth in Europe and subsequent rise in meat consumption and production, the increasing acquisitions from leading players, increasing preference for artificial casings among sausage manufacturers, casings manufacturers’ shift from natural casings to artificial casings due to operational challenges, and rising number of foodservice chains. Additionally, the emergence of vegetarian sausage casings provides significant growth opportunities for companies operating in this market. However, the higher preference for natural sausage casings over artificial sausage casings among consumers hinders the growth of the artificial casings market in Europe.
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The Europe artificial casings market is segmented based on type, application, distribution channel, end user, and country.
Based on type, the Europe artificial casings market is segmented into collagen casings, cellulose casings, plastic casings, fibrous casings, textile casings, net casings, and vegetarian casings. In 2023, the collagen casings segment is expected to account for the largest share of the Europe artificial casings market. The large market share of this segment is mainly attributed to its lower production cost compared to natural casings and other types of artificial sausage casings. Furthermore, the functional properties of collagen casings, such as edibility, standard diameter, uniformity, and strength, drive their market demand. However, the vegetarian casings segment is slated to register the highest CAGR during the forecast period.
Based on application, the Europe artificial casings market is segmented into animal-based sausages and plant-based sausages. In 2023, the animal-based sausages segment is expected to account for the larger share of the Europe artificial casings market. The large market share of this segment is attributed to the increased consumption of processed meat products, the high popularity of collagen casing, and consumers’ rising preference for protein-rich diets. However, the plant-based sausages segment is slated to register a higher CAGR during the forecast period. The rapid growth of this segment is attributed to the shift toward healthy, tasty, sustainable, and environment-friendly vegetarian products among consumers.
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Based on distribution channel, the Europe artificial casings market is segmented into offline and online. In 2023, the offline segment is expected to account for the larger share of the Europe artificial casings market. The large market share of this segment is mainly attributed to the increased availability of food products, the increasing number of modern groceries offering high-quality food products, and the enhanced shopping experience offered by brick-and-mortar stores. However, the online segment is slated to register a higher CAGR during the forecast period. The rapid growth of this segment is attributed to the ease of use and cost-effectiveness offered by online shopping platforms, the increasing internet and smartphone penetration, and the increasing purchasing power of consumers.
Based on end user, the Europe artificial casings market is segmented into food processing companies, food service providers, food retailers, and other end users. In 2023, the food processing companies segment is expected to account for the largest share of the Europe artificial casings market. The large market share of this segment is attributed to the increased production of sausages due to the growing preference for innovative food products, subsequently driving the demand for artificial casings. However, the food service providers segment is expected to register the highest CAGR during the forecast period.
Based on country, Germany is expected to account for the largest share of the Europe artificial casing market in 2023. Germany’s major market share is attributed to the presence of several sausage manufacturers and the increasing demand for convenience food products in the country. However, the Netherlands is slated to register the highest CAGR during the forecast period.
Key Players
The key players operating in the Europe artificial casings market are Viscofan S.A. (Spain), Devro PLC (U.K.), Selo (Netherlands), DAT-Schaub Group (Denmark), ViskoTeepak (Finland), FIBRAN S.A. (Spain), Viskase Companies, Inc. (U.S.), Innovia Films Limited (U.K.), FABIOS S.A. (Poland), Kalle GmbH (Germany), Oversea Casing Company LLC. (U.S.), and Nutra Produkte AG (Switzerland).
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Key questions answered in the report-
• Which are the high-growth market segments in terms of type, application, distribution channel, end user, and country?
• What is the historical market for artificial casings across Europe?
• What are the market forecasts and estimates for the period of 2023–2030?
• What are the major drivers, restraints, challenges, opportunities, and trends in the Europe artificial casings market?
• Who are the major players in the Europe market, and what are their market shares?
• Who are the major players in various countries, and what are their market shares?
• How is the competitive landscape?
• What are the recent developments in the Europe artificial casings market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the Europe artificial casings market, and how do they compete with the other players?
Browse in-depth report on: https://www.meticulousresearch.com/product/europe-artificial-casings-market-4303
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