Edible Segment to Dominate North America Collagen Casing Market during 2021–2028
According to The Insight Partners market research study on “North America Collagen Casing Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast Type, Application, and End -Use” is expected to reach US$ 727.52 million by 2028 from US$ 483.21 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028. The report provides trends prevailing in the North America collagen casing market along with the drivers and restraints pertaining to the market growth. Excellent physical properties of collagen casing over natural casing is the major factor driving the growth of the North America collagen casing market. However, issues associated with the advent of alternatives such as cellulose casing and plastic casing hinder the growth of North America 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. Based on country, the market is segmented into US, Canada, and Mexico.
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.
DCW, Devro PLC, FABIOS SA, Fibran Group, LEM Products, Nippi Collagen NA Inc., OVERSEA CASING COMPANY, Shenguan Holdings (Group) Limited, and Viscofan SA among the leading companies in the North America collagen casing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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