The reports on the basis of end users the sausage casings market is segmented as household and industrial consumers. Globally meat consumption has increased significantly over the past few years. With the rise in number of fast food restaurants and eateries that sell meat products, the demand for global sausages casing has grown manifolds. The global market was worth US $ 4.87 billion in 2015 and it is likely to grow with CAGR of 3.2% over the next six years. Presently Europe is the largest market followed by North America and it is expected to continue its dominance over the forecast period. Moreover, Asia Pacific is likely to emerge at the fastest rate over the next six years. A majority of the growth in the Asia Pacific market is likely to come from China. Moreover, China is likely to overtake the U.S. in terms of consumption by 2023.
Rising number of fast food chains that sell meat products, busy lifestyles of the people and growing demand for meat products in the street food sector is likely to drive the demand for casings in the world market. However, cost of production and shrinking the margins are major restraints in the market. Growing reliance on artificial casing is likely to ease the cost burden on the manufacturers over the next few years.
Figure: Global Sausage Casings Market by Region
Geographic Coverage and Analysis:
Global market report published by Infinium Global Research covers the analysis of geographies such as North America, Europe, Asia Pacific, Latin America and Rest of the World. Based on the product types the casing market is segmented as natural casing and artificial casing. The natural casing segment further classified by animal intestines as cattle, sheep and pigs, while the artificial casings are classified as collagen, cellulose or plastic. Collagen casing are the widely consumed artificial sausage casings. On the basis of end users the sausage casings market is segmented as household and industrial consumers.
The report provides profiles of the companies in the global sausage casings market such as, Nitta casings Inc., Walton’s Inc., Devro, APN NATURDARM GmbH, A.W AL-WATTAR IMPORT AND EXPORT GMBH, Weschenfelder Direct Ltd, Lemproducts, Oversea Casing Company LLC, ALMOL (AUSTRALIA) CASING PTY LTD, BAODING DONGFANG CASING CO LTD.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of sausage casing market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the sauces, dressings and condiments market that will impact the demand during the forecast period.
The Market attractiveness analysis provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market.
The report also provides in depth analysis of regulatory framework pertaining to sausage casing market. This will help the companies to understand the regulatory compliance, supports, and barriers in the sausage casing market. This section highlights key amendments and their implication on sausage casing market in the short run as well as in the long run.
This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.