Fibrous Casings Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Jan-2020 | List of Tables : 140 | List of Figures : 166 | No. of Pages : 170 | Report Code : FACT1719MR |

Functional Properties of Fibrous Casings to Increase Adoption, with Rapid Uptake in Europe and North America

The casings market has witnessed a seismic shift from natural casings to artificial casings. This trend is expected to continue during the forecast period. Fibrous casings are artificial casings that have garnered significant traction, owing to their differentiated properties like high mold resistance and longer shelf life. Demand for fibrous casings has seen a substantial rise in established markets like Europe and North America, and is expected to facilitate growth of fibrous casings market. The fibrous casings market is expected to be on a steady course in comparison with other artificial casings and is projected to grow at CAGR of ~ 4.3% during the forecast period.

Clear Casings to Emerge as Lucrative Pocket in Fibrous Casings Market

Consumer preference for meat product variants such as salami, pepperoni, and sausages has facilitated the growth of processed meat industry. High demand for sausage meat has increased preference for clear fibrous casings, which is integral to mould meat in sausages. Manufacturers working on product quality and functionality are expected to garner significant demand from processed meat industry. Clear fibrous casings are expected to grow 1.6X by 2029 over its value in 2019 and present an absolute opportunity of around US$ 50 Mn during forecast period.

East Asia Poised to Grow 1.9X in Fibrous Casings Market

East Asia fibrous casings market is projected to grow by 1.9X through 2029 from 2019.Its prolific growth can be attributed to China which has exceeded other countries in terms of meat production and consumption. While China currently ranks low in terms of per capita consumption of fibrous casings, adoption is expected to increase with growth of processed meat industry. The new Foreign Investment Policies in China effective from 1st January, 2020 are expected to supplement the growth of processed meat industry, which in turn will give impetus to the fibrous casings market in China.

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Establishment of Long-term Supply Agreements will be under Manufacturers’ Spotlight

With limited scope of development for companies through lateral integrations, gaining a foothold in fibrous casings market is highly dependent on establishing a strong presence in emerging regions such as China, Mexico and India. Establishing new contracts and increasing collaborations with domestic processed meat manufacturers as well as domestic distributors of sausage casings is expected to create steady demand for fibrous casings. Exploring untapped markets will in turn increase revenue share of manufacturers.

Innovative Fibrous Casings to Substantially Increase Adoption

Fibrous casings market is highly consolidated with only 5 manufacturers controlling the market. The room for lateral integrations in the market are extremely low and product differentiation remains only strategy for maintaining share in fibrous casings market. Innovations in fibrous casings market have been concentrated on increasing the functionality of the products. Viskase Companies, Inc. and ViskoTeepak are some fibrous casings manufacturers, which have 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.  Other players in the fibrous casings market are expected to increase investments in product development with the addition of naturally sourced materials.

  • In 2019, ViskoTeepak showcased their products at IFFA 2019. IFFA is one of the international trade fairs for the meat industry.
  • In 2018, Viscofan acquired Globus Group, Australia and New Zealand based distributors, to increase their presence in Oceania region.
  • In 2017, Viskase Companies, Inc. acquired Walsroder Casings Group. This acquisition was aimed to augment portfolio of Viskase and increase the presence in European nations
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Global Fibrous Casings Market – Scope of the Report

The fibrous casings market is anticipated to observe a significant growth in the forecast period of 2019 to 2029, according to a Fact.MR study. The study propounds key trends that are currently shaping the growth of the fibrous casings market. This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the fibrous casings market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of fibrous casings.

The fibrous casings market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence growth trajectory of the fibrous casings market. The report initially imparts an overview of the fibrous casings market, considering current and future prospects in growth, to unveil attractive facets pertaining to the adoption of fibrous casings across key regional markets.

An in-depth assessment on few of the fibrous casings manufacturers offered in the report enables the report readers to gain detailed insights that are derived from fibrous casings manufacturers across regional markets. A list of key companies operating in the fibrous casings market provided in the report adds to the credibility of this exhaustive research study.

Global Fibrous Casings Market: Opportunity Analysis

The report offers a detailed study on different factors influencing demand, sales, and revenue generation in the fibrous casings market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the fibrous casings market, which in turn, is likely to trigger the adoption of fibrous casings. An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.

A detailed forecast on the global fibrous casings market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global fibrous casings market.

Global Fibrous Casings Market: Segmentation

Segmentation table of the global fibrous casings market has been provided below on the basis of Product Type, Calibre Size, Application, Sales Channel, and Region.

Product Type

Calibre Size

Application

Sales Channel

Region

Clear casings

Small Calibre

Sausages & Salami

Direct Sales

 North America

Mahogany casings

Medium Calibre

Pepperoni

Modern Trade

 Latin America

Red casings

High Calibre

Luncheon Meats

Specialty Stores

 Europe

Specialty casings

 

Other Food Products

Online Retail

 East Asia

 

 

 

Other Sales Channel

 South Asia & Oceania

 

 

 

 

 Middle East and Africa

This taxonomy is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.

Global Fibrous Casings Market: Analysis on Market Size Evaluation

Market valuation at the global and regional scale for the global fibrous casings market is offered in terms of “US$ Mn” A Y-o-Y growth comparison on the key fibrous casings market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on consumption across several regions where fibrous casings is witnessing growing demand.

Global Fibrous Casings Market: Scrutinized Assessment on Regional Segments

Weighted chapters have been included in the report on the global fibrous casings market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth of the global fibrous casings market in the near future.

Country-specific assessment on the demand for fibrous casings has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.

Global Fibrous Casings Market: In-depth Analysis on Competitive Landscape

The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of fibrous casings, along with company’s strategies, identification, and analysis. Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.

The intensity mapping of the market players operating in the global fibrous casings market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global fibrous casings market.

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Fibrous Casings Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029