North America Collagen Casing Market
Income of people in the region is driving widespread investments in the food & beverage sector across the countries. The growing interest in natural and high protein foods is driving sausage consumption in the region. According to the National Hot Dog and Sausage Council (NHDSC), in 2020, Americans spent more than $7.68 Billion on hot dogs and sausages in US Supermarkets. It is noted that the residents of Los Angeles consume a higher number of hot dogs in comparison to other cities, outpacing New York and Philadelphia. The reformulation of products with increased protein content and reduced fat content is creating new growth avenues for the overall market. Further, the proliferation of flavored sausages is portrayed to supplement the overall market growth over the forecast period. Excellent physical properties of collagen casing over natural casing is the major factor driving the growth of the North America collagen casing market.
The US has the highest number of confirmed cases of COVID-19, compared to Mexico and Canada. This is likely to impact the food & beverages industry in the region as, due to the COVID-19 pandemic, the supply chain is likely to get affected. In addition, the temporary halt on the overall manufacturing processes and research and development activities will also impact market growth. 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.
Strategic insights for the North America 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$ 483.21 Million |
| Market Size by 2028 | US$ 727.52 Million |
| Global CAGR (2021 - 2028) | 6.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 483.21 million in 2021 to US$ 727.52 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028. The dominant livestock types for meat production include beef, pig, and sheep, and goats. Further, the distribution of meat types exhibits significant variations from region to region, primarily influenced by the cultural eating practices followed in the region. The pork and beef together account for nearly 60% of the total meat production. The developing countries have exhibited highly diverse patterns of food consumption and agricultural production systems. The ever-rising populations in the developing countries, coupled with lower labor costs, have favored the meat production industry in these countries. This factor provides a solid platform for the sausage production market and offers new growth opportunities to the players present in the collagen casing market.
The North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DCW, Devro PLC, FABIOS SA, Fibran Group, LEM Products, Nippi Collagen NA Inc., OVERSEA CASING COMPANY, Shenguan Holdings (Group) Limited, and Viscofan SA are among others.
The North America Collagen Casing Market is valued at US$ 483.21 Million in 2021, it is projected to reach US$ 727.52 Million by 2028.
As per our report North America Collagen Casing Market, the market size is valued at US$ 483.21 Million in 2021, projecting it to reach US$ 727.52 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
The North America 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 North America Collagen Casing Market report:
The North America Collagen Casing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Collagen Casing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Collagen Casing Market value chain can benefit from the information contained in a comprehensive market report.
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