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.
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Technavio has announced its latest market research report titled Global Sausage Casings Market 2020-2024 (Graphic: Business Wire)
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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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