Asia-Pacific Collagen Casing Market
The Asia Pacific region encompassed with countries including India, China, Japan, Australia, South Korea, and Rest of APAC. Rapid developments, digitalization of the economy, adequate government support, increasing education awareness, and rising incomes of the middle class are some of the attributable factors that have ensured a smooth transition of these economies from the developing stage towards a developed phase. Incline in the meat production volumes in the developing countries is the major factor driving the growth of the APAC collagen casing market.
The COVID-19 pandemic is anticipated to cause a significant economic loss in the Asia Pacific region. The governments of various Asia Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which has negatively impacted the revenue generated by the collagen casing market. The ongoing pandemic has drastically altered the status of the collagen casing industry and has negatively impacted the growth of the collagen casing market. The outbreak has declined operational efficiency and interrupted the value chains, owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruption in value chain has had a negative impact on collagen casing supply, which has impacted the growth of the collagen casing market. This, in turn, is affecting the development of the end-use industries such as food processing, food service, and food retail. However, as the economies are planning to revive their operations and start vaccine deployment across various countries, the demand for collagen casing is expected to rise globally. Rise in health awareness among the populace owing to COVID-19, coupled with the production of collagen casing from safe materials, is expected to boost the growth of the collagen casing market.
Strategic insights for the Asia-Pacific Collagen Casing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 301.03 Million |
| Market Size by 2028 | US$ 467.03 Million |
| Global CAGR (2021 - 2028) | 6.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia-Pacific Collagen Casing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The collagen casing market in APAC is expected to grow from US$ 301.03 million in 2021 to US$ 467.03 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. Collagen is a fibrous protein and is the main component of fascia, cartilage, ligaments, tendons, bones, and skin. It has some highly remarkable properties, such as high tensile strength, and along with elastin and soft keratin, collagen is responsible for skin strength as well as elasticity. Its degradation leads to wrinkles that accompany aging. Collagen casing are produced in various shapes, colors, and sizes. Collagen casing are essential in the production of a variety of value-added or processed meat products. High mechanical strength and fibrous nature of these products have boosted their demand in numerous applications, including casing for sausages and meat-based products. It has received much attention, owing to its high strength, excellent biocompatibility, and biodegradability. Collagen casing also act as a barrier for protecting sausages during production, storage, and distribution. Besides, collagen casing impregnated with nisin have been proved to possess antimicrobial activity against food spoilage bacteria and foodborne pathogens associated with ready-to-eat sausages. The benefits of using collagen casing over natural casing for sausages include lower production costs, excellent productivity of the collagen casing, ease of use of these casing, consistent size control, and most importantly, safe for consumption. Collagen casing are safe materials, and the methods used for the extraction of collagens to make the casing are free from all health risks. Further, the edible collagen casing eliminate the need to store the sausages in a chilled environment and minimize any product losses before stuffing. Higher strength and bacterial cleanliness are the key characteristics of collagen casing over the natural casing counterpart. All these factors are anticipated to propel the collagen casing market during the forecast period.
The APAC collagen casing market is segmented on the basis of type, application, end-use, and country. The product type segment is bifurcated into edible and non-edible. The edible segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. The application areas of collagen casing are fresh sausages, processed sausages, salami, and others. The fresh sausages segment dominated the market in 2020 and processed sausages segment is expected to be the fastest growing during the forecast period. The end-use segment consists of industrial food processing, food services, and food retail. The food processing segment dominated the market in 2020 and food retail segment is expected to be the fastest growing during the forecast period.
A few major primary and secondary sources referred to for preparing this report on the collagen casing market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Devro PLC, FABIOS SA, Fibran Group, Nippi Collagen NA Inc., Shenguan Holdings (Group) Limited, and Viscofan SA are among others.
The Asia-Pacific Collagen Casing Market is valued at US$ 301.03 Million in 2021, it is projected to reach US$ 467.03 Million by 2028.
As per our report Asia-Pacific Collagen Casing Market, the market size is valued at US$ 301.03 Million in 2021, projecting it to reach US$ 467.03 Million by 2028. This translates to a CAGR of approximately 6.5% during the forecast period.
The Asia-Pacific Collagen Casing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Collagen Casing Market report:
The Asia-Pacific Collagen Casing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Collagen Casing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Collagen Casing Market value chain can benefit from the information contained in a comprehensive market report.
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