LONDON--(BUSINESS WIRE)--The global sausage casings market size is poised to grow by USD 417.63 million during 2020-2024, progressing at a CAGR of almost 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The expanding urban population and changing lifestyles of consumers has increased the preference for fast foods across the world. This has resulted in a rise in the number of quick-service restaurants, including fast-food and fast-casual restaurants. Most of these restaurants use sausages to serve a variety of fast food items such as sandwiches, hot dogs, burgers, and pizzas. Therefore, the proliferation of quick food restaurants will foster the growth of the global sausage casings market during the forecast period.
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Report Highlights:
- The major sausage casings market growth came from the artificial sausage casings segment. This is due to the various benefits of artificial casings over natural casings such as easy handling, availability in uniform size and shape, resistance to breakage, and others.
- APAC was the largest market for sausage casings in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the increasing production and consumption of meat and meat products in the region.
- The global sausage casings market is fragmented. AGROKOM GROUP LLC, Danish Crown AS, Darling Ingredients Inc., Devro Plc, Kalle GmbH, Shenguan Holdings (Group) Ltd., Viscofan SA, Viskase Companies Inc., ViskoTeepak Holding Ab Ltd., and Weschenfelder Direct Ltd. are some of the major market participants. To help clients improve their market position, this sausage casings market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the sausage casings market 2020-2024 is expected to have positive impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.
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Increasing household consumption of processed meat will be a key market trend
Increasing urbanization coupled with modern workstyle patterns has reduced the time available for cooking. This has increased the consumption of convenient foods such as processed meat in the form of sausages, which are easy to cook. Also, there is an increased demand for processed food items that are tasty, low-cost, and easy to prepare. All these factors are expected to influence the growth of the global sausage casings market during the forecast period.
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Sausage Casings Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist sausage casings market growth during the next five years
- Estimation of the sausage casings market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the sausage casings market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sausage casings market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Artificial - Market size and forecast 2019-2024
- Natural - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AGROKOM GROUP LLC
- Danish Crown AS
- Darling Ingredients Inc.
- Devro Plc
- Kalle GmbH
- Shenguan Holdings (Group) Ltd.
- Viscofan SA
- Viskase Companies Inc.
- ViskoTeepak Holding Ab Ltd.
- Weschenfelder Direct Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
