LONDON--(BUSINESS WIRE)--The global sausage casings market is expected to post a CAGR of almost 4% during 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Rising urbanization and hectic work life have reduced the time available for cooking. The processed food industry offers minced meat in the form of sausages that requires minimal cooking time. This factor has increased the consumption of processed meat. The rising sales of sausages have increased the demand for sausage casings over the last decade, which is expected to continue during the forecast period. Consequently, the sausage casings market growth will be substantial throughout the forecast period.
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As per Technavio, the rising number of organized retailing outlets offering processed meat products will have a positive impact on market growth over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2019-2023.
Global Sausage Casings Market: Rising Number of Organized Retailing Outlets Offering Processed Meat Products
The rising number of organized retailing outlets that offer processed meat products is one of the key trends in the sausage casings market. The need for processed meat from quick food restaurants and households has increased its sales in supermarkets. Factors such as low cost, less time for cooking, and low prices of processed meats have increased their popularity among restaurants and households, which will boost the market.
“Apart from the rising number of organized retailing outlets offering processed meats, rapidly proliferating quick food restaurants and increasing meat-processing industry in emerging nations are a few other crucial factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Sausage Casings Market: Segmentation Analysis
This market research report segments the global sausage casings market by product (artificial and natural) and geographical regions (the Americas, APAC, and EMEA).
EMEA led the market in 2018, followed by APAC and the Americas. During the forecast period, EMEA is expected to maintain its dominance over the global market. This is due to the high consumption of meat in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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