According to latest research conducted, the Sausage casings market is expected to grow at a CAGR of 3-5% for the forecast period of 2021 to 2028.
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.
What is Driving Demand for Sausage Casing?
This market is rising in demand owing to rapidly increasing meat consumption, population growth and urbanization. Also, the rising consumer preference to natural casings over artificial casings is also highly impacting the growth of the sausage casings in the forecast period of 2021 to 2028.
The rising urbanization, increase in disposable income, along with the increasing number of fast-food restaurant chains are anticipated to flourish the growth of the market owing to the above-mentioned reasons and is also is projected to grow substantially during the forecast period.
Furthermore, the increasing preference for convenience food products, including in the emerging countries along with the developed regions, is also expected to push the growth of this market during the above-mentioned forecast period.
The major factor which actively drives the demand of sausage casings market is the increasing demand from commercial food restaurants. Likewise, the increasing meat processing industry in emerging markets will further offer various growth opportunities for the growth of this market over the forecast period of 2021 to 2028.
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Demand & Role of Sausage Casing
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period.
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 global market. There has been an increase in the consumption of processed meat in household preparations as well. The time available for cooking has reduced because of the increased urban population and hectic work life.
The processed food industry offers minced meat in the form of sausages that is easy to cook at a minimal time. This has led to increased demand for sausage casings over the last decade and is expected to continue during the forecast period.
Asia Pacific Demand Market Outlook for Sausage Casing
Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the increasing meat production and consumption, rising westernization along with the growing population and urbanization within this region.
Asia-Pacific possesses lucrative growth potential for this market during the forecast period. This is mainly attributed to the rising number of fast-food restaurant chains, rising expenditure on sausage casings, growing westernization, growing population & urbanization.
Most of the demand for casings in this region will be driven by developing countries, including Indonesia, Thailand, and India, due to the increasing livestock production and processing and growing focus on processed meat products.
The need for convenience is the major driver behind this region’s growing processed meat markets. A majority of the market demand in the Asia Pacific market is still mostly projected to come from China.
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Europe Demand Outlook for Sausage Casing
Europe leads the sausage casings market because of the rapidly rising preference to the convenience products in this particular region.
The prominent position of Europe in this market is primarily attributed to the presence of a large number of sausage manufacturers, changing food consumption patterns in favor of convenience food, and a surge in meat and sausage consumption.
Who are the Key Manufacturers and Suppliers of Sausage Casing?
The major players covered in the casing market report are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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