World Artificial Casings Market to Cross USD 3.95 Bn by 2022, Predicts Meticulous Research in Its In-Demand Report Available at MarketPublishers.com
27 Nov 2017 • by Natalie Aster
LONDON – Fueled by increasing global population number, remarkable uptake in the meat consumption and production, escalating investments from top players, rising preference to artificial casings by sausage manufacturers, increasing number of food restaurants and also gradual shift of casings manufacturers from natural casings to artificial ones owing to operational costs, the world’s market for artificial casings is projected to expand at a 5.7% CAGR between 2017-2022. By late 2022, the market value is predicted to cross USD 3.95 billion. Moreover, emerging economies like Latin America, Africa and Southeast Asia provides lucrative opportunities for the artificial casings manufacturers. But, there are also certain factors that could considerably restrain further growth in the artificial casings market, for example, consumer preference to natural casings over artificial ones.
As for types, the overall market is dominated by the collagen casings sector. This is attributed to the fact that the production cost of sausages in collagen is considerably lower than sausages in gut, owing to lower labor requirements and higher production speeds.
Amidst regions, North America holds the leading position in the worldwide artificial casings market, majorly due to well-established food & beverage industry, rising number of fast food restaurant chains and also high consumption of sausages and processed meat products in the region.
New research report “Artificial Casings Market – Global Opportunity Analysis And Industry Forecast (2017-2022)” elaborated by Meticulous Market Research presents in-depth insights into the world’s artificial casings market with a profound analysis of the key market segments on the basis of types and geography. It includes data on the current market situation, reviews the historical development patterns, highlights the market dynamics with relevant info on the major market growth influencing forces, points out the prevailing market trends and also presents an insightful overview of the major market growth challenges and opportunities. Besides, this report examines the competitive landscape, gives profiles of the top companies operating in the artificial casings market, reviews the recent developments and outlines future growth prospects. Furthermore, a future outlook through 2022 is at hand.
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