Global artificial casings market is expected to reach USD 3,955.7 million by 2022, supported by a CAGR of 5.7% during the forecast period of 2017 to 2022.
Global artificial casings market is mainly driven by the increase in the global population and subsequent rise in the meat consumption and production, accelerating investments 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.
In addition, emerging economics such as Southeast Asia, Latin America, and Africa provides significant opportunities to the artificial casings manufacturers. However, consumer preference to natural casings over artificial casings restricts growth of this market to some extent.
Increase in the Global Population and Subsequent Rise in the Meat Consumption and Production
Increasing Investments from Leading Players
Growing Preference to Artificial Casings by Sausage Manufacturers
Casings Manufacturers' Shift from Natural Casings to Artificial Casings Due to Operational Challenges
Rising Number of Fast Food Restaurant Chains
Consumer Preference to Natural Casings Over Artificial Casings
Emerging Economies- Southeast Asia, Latin America, and Africa