Elevating Demand and Growth Trajectory: Unraveling the Global collagen casings market, Projected to Surge from US$ 1,506 Million US dollars in 2023 to an astounding US dollars 2,672.6 million by 2033, driven by a 5.9% yearly growth, with synthetic casings revolutionizing the global banger production industry, adhering to food safety laws, showcasing technological advancements, and focusing on the European, American, and international markets.
The global collagen casings market, now valued at US$ 1,506 million, is anticipated to grow significantly between 2023 and 2033, with a predicted 5.9% annual CAGR. By the conclusion of the anticipated year, it is anticipated to amount to US$ 2,672.6 million. The usage of synthetic collagen casings is growing, which has led to a growth in the banger business. These casings replace traditional animal intestine casings and have more reliable technology, are more reasonably priced, and comply with food safety regulations.
Global collagen casings market is set to witness significant growth, surging from $1,506 million in 2023 to an astounding $2,672.6 million by 2033, exhibiting a robust 5.9% yearly growth. The rise of synthetic casings is transforming the banger production industry, aligning with food safety laws, showcasing technological advancements, and targeting European, American, and international markets.
The need for collagen casings is expected to grow rapidly in Europe, the US, and globally, with a projected global value of $2.67 billion by 2033 :
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Future Market Insights (FMI) anticipates a noteworthy growth trajectory for the global collagen casings market, currently valued at $1,506 million. Projections indicate an annual growth rate of 5.9% from 2023 to 2033, culminating in a market value of $2,672.6 million by the end of the forecast period.
Synthetic collagen casings are gaining traction, revolutionizing the banger business by replacing traditional animal intestine casings. Offering more reliable technology, cost-effectiveness, and compliance with food safety regulations, synthetic casings boast a longer shelf life, contributing to their growing popularity.
Global Collagen Casings Market: Segmentation:
- Product Type: Edible Collagen Casings, Non-edible Collagen Casings
- Caliber: Small Caliber Collagen Casings, Large Caliber Collagen Casings
- Application: Fresh Sausages, Cooked Sausages, Dry-Cured Sausages, Meat-based Snacks, Others Applications (Pork Loin, etc.)
- End Use: Industrial Food Processing, Foodservice, Private Label, Butcheries and Meat Processors, Other End-users
- Sales Channel: Business to Business Sales Channel (Food Processing, Foodservice, Private Label Brands, Butcheries and Meat Processors, Other B2B channels), Business to Customer Sales Channel (Grocery Retailers, Hypermarket or Supermarkets, Convenience Stores, Wholesalers, Food & Drink Specialty Stores, Independent Small Groceries, Online Retail, Other Retail Channels)
The global collagen casings market is estimated to be worth around US$ 1,506 million in the present year. As per the market trends, the net valuation could register an annual growth rate of 5.9% between 2023 and 2033. Furthermore, FMI predicts the market is expected to reach US$ 2,672.6 million by the end of the forecast period.
All varieties of sausages are made, preserved, and sold using collagen meat casing. The only material utilised for casings that had been on sale before was animal intestine. The use of synthetic collagen casings has increased significantly over the last 30 years as a result of industrial automation and cost savings. They adhere to the most modern regulations on food safety and traceability and have dependable technological features.
Over the past ten years, there has been a considerable growth in demand for the various types of collagen casings used in the production of sausages. Since they can be utilised on high-speed machines, are easier to use, and are uniformly sized, synthetic collagen casings are replacing natural collagen casings in this industry.
The evolution of collagen casings from natural casings in recent years is astounding. Because they speed up and improve productivity on sausage production lines, consumers all over the world appreciate the new style of smoked collagen casings.
Key Takeaways from the Collagen Casings Market Study Report:
- CAGR Projection: The collagen casings industry is anticipated to record a commendable CAGR of 5.9% over the forecast period.
- Global Market Growth: The market is poised to reach $2,672.6 million by 2033, reflecting a substantial surge from the current valuation of $1,506 million.
- Regional Dynamics: The United States collagen casings market is expected to register a CAGR of 5.1%, reaching a valuation of $548.53 million. In Europe, Germany leads the market, projected to grow at a CAGR of 5.8%.
- Product Preference: Synthetic collagen casings are witnessing increased demand, surpassing natural collagen casings due to their ease of use, uniform sizing, and compatibility with high-speed machines.
Competitive Landscape for the Collagen Casings Market Players:
Key players in the global collagen casings market include Viscofan, S.A., Devro PLC, Nippi, Inc., Shenguan Holdings (Group) Limited, Fibran, S.A., Fabryka Oslonek Bialkowych FABIOS S.A., LEM Products Inc., DeWied International (Oversea Casing Company, LLC), Nitta Casings, Inc., Weschenfelder Direct Limited, and Belkozin LLC, among others.
Recent Developments:
- LEM Products expanded its reach by selling collagen casings for various sausages, hot dogs, and fresh sausages, boasting around 800 different items through 3,500 retail locations in the United States and Canada.
- Oversea Casing Corporation, a prominent player in the market, acquired partners in Europe, Australia, the United States, South America, and China to expand its market reach last decade.
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Recent Developments by the Collagen Casings Industries
The LEM Products firm primarily sells collagen casings for smoked sausages, fresh sausages, and hot dogs. In the United States and Canada, the corporation sells around 800 different items through its recently expanded 3,500 retail locations.
Oversea Casing Corporation manufactures and sells natural and artificial casings for fresh and processed sausage, frankfurters and wieners, and deli products. To expand its market reach, the firm obtained partners in Europe, Australia, the United States, South America, and China last decade.
Global Collagen Casings Market: Segmentation
By Product Type:
- Edible Collagen Casings
- Non-edible Collagen Casings
By Caliber:
- Small Caliber Collagen Casings
- Large Caliber Collagen Casings
By Application:
- Fresh Sausages
- Cooked Sausages
- Dry-Cured Sausages
- Meat-based Snacks
- Others Applications (Pork Loin, etc.)
By End Use:
- Industrial Food Processing
- Foodservice
- Private Label
- Butcheries and Meat Processors
- Other End-users
By Sales Channel:
- Business to Business Sales Channel
- Food Processing
- Foodservice
- Private Label Brands
- Butcheries and Meat Processors
- Other B2B channels
- Business to Customer Sales Channel
- Grocery Retailers
- Hypermarket or Supermarkets
- Convenience Stores
- Wholesalers
- Food & Drink Specialty Stores
- Independent Small Groceries
- Online Retail
- Other Retail Channels
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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