Global Sausage Casings Market 2019-2023 | Industry Analysis and Forecast | Technavio
LONDON--(BUSINESS WIRE)--Jan 9, 2019--Technavio’s global sausage casings market research report forecasts the market to grow at a CAGR of nearly 4% during the forecast period.
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Technavio’s global sausage casings market research report forecasts the market to grow at a CAGR of nearly 4% by 2023. (Graphic: Business Wire)
The rising number of organized retailing outlets that offer processed meat products will be one of the major trends in the during 2019-2023. An increase is being witnessed in the number of organized retailing stores such as supermarkets that offer meat products due to the rapid growth in the demand for processed meat from quick food restaurants and households. The factors such as low cost, less time for cooking, and cheap prices of processed meats have increased their popularity among restaurants and households.
According to Technavio analysts, one of the key drivers for the global sausage casings market is the increasing household consumption of processed meat:
Global sausage casings market: Increasing household consumption of processed meat
There has been an increase in the consumption of processed meat for household preparations. The time available for cooking has reduced because of the increased urban population and hectic work life. The processed food industry offers minced meat in the form of sausages that is easy to cook at a minimal time. This has led to increased demand for sausage casings over the last decade and is expected to continue during the forecast period.
According to a senior research analyst at Technavio, “The modern work style patterns have promoted the need for processed food items as they are tasty, low-cost, and time-saving. The convenience in packaging sausages to workplaces in the form of sandwich, burgers or hot dogs have increased the popularity for sausages in the household application. The demand for sausages and hence, sausage casings is expected to rise due to the rising urban population.”
Global sausage casings market: Segmentation analysis
This global sausage casings market analysis report provides market segmentation by product (artificial and natural) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the artificial segment held the largest sausage casings market share in 2018, contributing to nearly 55% of the market. This product segment will dominate the global market throughout the forecast period.
The EMEA region held the largest share of the market in 2018, accounting for close to 43% share. It was followed by APAC and the Americas respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 01/09/2019 05:16 AM/DISC: 01/09/2019 05:16 AM