Specialty Fibrous Casings Sales Are Expected to Reach a Valuation of US$ 5.7 Billion by 2033

PRESS RELEASE
Published April 22, 2023

The global fibrous casings market is projected to increase at a CAGR of 5% from 2023 to 2033. The market stands at US$ 3.5 billion in 2023 and is this expected to reach a valuation of US$ 5.7 billion by 2033-end.

Demand for clear casings is predicted to rise at the highest CAGR through 2033 owing to the functionalities they provide. The high demand for sausage meat has increased the preference for clear fibrous casings, which is integral to mold meat in sausages.

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The fibrous casing is cellulosic and lined with natural long-fiber abaca paper or Manila hemp fibers, ideally shaped for sausage casings, combining very high durability with consistent extrusion properties. It is resistant to hard fillings and is ideal for hard fillings of finely ground sausages and emulsified sausages.

Compared to rural consumers, urban customers have more choices and easier access to sausages. In addition to this, penetration of online platforms and availability of these casings on e-commerce websites such as e-Bay and Amazon is expected to improve the demand for theseproducts.

Key Takeaways:

  • North America is expected to hold significant share in the worldwide fibrous casing market due to its well-established food & beverage sector.
  • The U.S. is expected to lead the growth in North America fibrous casings market on the back of wide availability of these products through online sales channels.
  • South Korea and Japan are expected to be the most remunerative countries for the fibrous casings manufacturers.
  • In terms of application, the sausage and salami segment is expected to account for half of the share in the market.
  • Based on sales channel, the online segment will witness robust growth over the assessment period

Growth Drivers:

  • The use of fibrous casings is expected to grow significantly due to increased sausage and salami production in the food industry.
  • Growing demand for new cooking options and amplified automation in the sausage industry will contribute to the growing popularity of fibrous casings.
  • The availability and cost-effectiveness of the online shopping platforms will drive the sales of clear casings.

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Competitive Landscape

Key players in the fibrous casings market are creating advanced products to address escalating health trends such as clean-label products. To provide solutions that are both affordable and efficient in terms of production, manufacturers are concentrating on creating novel fibrous casings.

Innovations in the fibrous casings market have been concentrated on increasing the functionality of the products. Top manufacturers of fibrous casings are focused on increasing the barrier strength with the addition of viscose layers to their products. These fibrous casings have witnessed increased demand from food manufacturers as well as meat processing industry players. Leading companies are heavily investing in product development with the addition of naturally sourced materials.

Key Companies Profiled:

  • Viskase
  • ViskoTeepak
  • Walsroder
  • Wiberg
  • Viscofan
  • Futamura Chemical
  • Ahlstrom-Munksjo
  • Global Casing
  • Selo
  • Kalle

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Key Segments of Fibrous Casings Industry Research

  • By Product:
    • Clear Casings
    • Mahogany Casings
    • Red Casings
    • Specialty Casings
  • By Application:
    • Sausages & Salami
    • Pepperoni
    • Luncheon Meats
    • Other Food Products
  • By Sales Channel:
    • Direct Sales
    • Modern Trade
    • Specialty Stores
    • Online Retail Stores

Key Questions Covered in the Fibrous Casings Market Report

  • What is the projected value of the Fibrous Casings factors Industry in 2023?
  • At what rate will the global Fibrous Casings factors market size grow until 2033?
  • Which are the factors hampering the growth of Fibrous Casings factors?
  • Which region is expected to lead in the global Fibrous Casings factors market By 2033?
  • Which are the factors driving the Fibrous Casings factors Industry during the forecast period?
  • What is the expected market value of the Fibrous Casings factors market during the forecast period?

Regional Analysis For Fibrous Casings Market:

  • APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
  • North America (USA, Canada and Mexico)
  • South America (Brazil, Chile, Argentina, Rest of South America)
  • MEA (Saudi Arabia, United Arab Emirates, South Africa)

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