LONDON, Aug. 09, 2018 (GLOBE NEWSWIRE) -- According to the latest publication from Meticulous Research®, the European artificial casings market will grow at a CAGR of 4.7% from 2018 to 2023 to reach USD 1,159.7 million by 2023, driven by increase in the population and subsequent rise in the meat consumption and production; increasing sausage manufacturers’ focus on productivity and cost reduction; accelerating acquisitions from leading players; increasing preference to artificial casings by sausage manufacturers; casings manufacturers’ shift from natural casings to artificial casings due to operational challenges; and rising number of food restaurant chains.
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The artificial casings market in Europe is mainly segmented by type (collagen casing, cellulose casing, plastic casing, fibrous casing, value added casing, textile casing, and net casing) and by geography (Germany, Italy, France, Spain, U.K., Poland, The Netherlands, Russia, and Rest of Europe).
Collagen casings hold the major share of the European artificial casings market mainly attributed to factors such as low cost of producing sausages in collagen; their standard diameter, strength, and long lengths; and growing acquisitions from leading players to improve the product portfolio of collagen casings. Also, growth in the population, especially in the urban areas which has increased the sausage consumption; and technological advancements in manufacturing of artificial casings further supports the dominance of collagen casings in the global market.
Geographically, Germany acquired a significant share in 2017, owing to the high production and consumption of processed meat products, presence of large number of artificial casings as well as sausage manufactures, and huge population base. However, Russia is expected to register the highest CAGR during the forecast period, mainly due to rising per capita meat consumption and growing economy of the country.
The key players operating in the European artificial casing market are Viscofan SA, Devro PLC, Selo, Shenguan Holdings (Group) Limited, DAT-Schaub Group, ViskoTeepak, FIBRAN, S.A., Viskase Companies, Inc., Innovia Films Limited, Colpak, Nippi, Inc., FABIOS S.A., Nitta Casings Inc., Kalle GmbH, Oversea Casing Company LLC., Biostar Group, and De Wied International Inc.
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