Alginate casings Market By Type (Basic, Colored, Flavored), By Application (Meat, Vegan, Fish), By End User (Food industry, Pet food Industry), By Usage (Halal, Kosher, Other): Global Opportunity Analysis and Industry Forecast, 2021-2031

Alginate casings Market By Type (Basic, Colored, Flavored), By Application (Meat, Vegan, Fish), By End User (Food industry, Pet food Industry), By Usage (Halal, Kosher, Other): Global Opportunity Analysis and Industry Forecast, 2021-2031

The alginate casing market size was valued at $478.1 million in 2020 and is projected to reach $1,269.2 million by 2031, registering a CAGR of 10.5% from 2022 to 2031. The alginate casings are edible casings for vegan as well as meat products. These casings are made from the species of brown algae. These coatings are edible in nature and are useful to extend the self-life of the different fruits, vegetables, and products related to poultry. These alginate casings are majorly used to enclose the sausages, which provides a good taste and texture to them. Alginate casings can be used differently as a film in food packing. It also provides various benefits like reducing dehydration, enhancing the product appearance, and also controls respiration. The demand for the alginate casing is increasing vigorously owing to the fact that casing is extracted from vegan sources, while the producers are struggling to extend their production capacities. The major factor that drives the growth of the alginate casing market is the growing population globally, which ultimately led to higher demand for vegan and meat sausages. The trend of urbanization is having a great impact on the living standards of consumers and also rise in income level influence the affordability of sausage and processed meat products. Also, the increasing popularity of vegan sausages in the food market globally has pushed manufacturers to use alginate-based edible casing. Moreover, the increasing shift of consumers towards protein-based diets is making a positive impact on alginate casing across the globe. Also, alginate casings are a cost-effective alternative to other expensive natural casings. The alginate casing permits a continuous manufacturing process, hence leading to lower production costs as compared to other casings.

Also, unlike cellulose casings, there is no peeling step, thus savings in material costs, as alginate casings are substantially more economical than natural intestine, collagen, and cellulose casings. Food product manufacturers are also focusing on naturally derived casings instead of animal casing owing to consumer inclination for vegan food products.. It also provides food with a crispy bite and soothing texture, thus making it preferred choice among consumers. Moreover, during the time of the COVID-19 pandemic, it was observed that almost all the sectors of the economy were adversely affected globally and the alginate casings have witnessed the same adverse effect due to the shutdown of supermarkets and hypermarkets, hotels, and quick service restaurants.. But post-COVID-19, consumer inclination toward healthy food has driven the demand for sausages, thus leading to an increase in demand for alginate casings. Day by day, the conditions are improving and almost all the sectors of the economy are becoming operational after the upliftment of the restrictions due to COVID-19. Situations globally and among food manufacturing industries is improving due to the availability of raw material, which ultimately led to an increase in production and led a positive impact on the industry. The market in North America is dominating the global alginate casing market due to the rising demand for meat and processed meat products in the region of the U.S. and Canada, leading to an increase in the production of algae-based casing. Also, the increasing population urbanization, meat production, and the consumers’ preference for naturally derived casings, such as alginate casings are making a positive impact on the market. Also, the rising income level of consumers in the region is influencing the affordability of sausage and processed meat products increasing the demand for alginate casing and thus, making a positive impact on the market.

Several other regions like Germany and France in Europe are having a higher demand for alginate casing as consumer inclination towards naturally derived casings in vegetarian food products such as cheese, and vegetables. In addition, a large number of sausage manufacturers are adopting automatic manufacturing and thus, alginate casings are higher in demand as they are best suited for the automatic manufacturing of sausage. Moreover, the changing food consumption pattern of consumers coupled with increasing demand for meat is making a positive impact on the market. A growing preference for vegetarian food and the inclination of consumers toward a healthy lifestyle is going to hamper the market growth in the upcoming future. The alginate casing market is segmented into type, application, end-user, usage, and region. On the basis of type, the market is categorized into basic, colored, and flavored. By application, the market is classified into meat, vegan, and fish. By end user, the market is bifurcated into the food industry, and pet food industry. On the basis of usage, the market is divided into halal, kosher, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, The Netherlands, Switzerland, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the alginate casings market analysis from 2021 to 2031 to identify the prevailing alginate casings market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the alginate casings market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global alginate casings market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

Meat
Vegan
Fish

By End User

Food industry
Pet food Industry

By Usage

Halal
Kosher
Other

By Type

Basic
Colored
Flavored

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Italy
Germany
France
Spain
The Netherlands
Switzerland
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Thailand 
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

FMC Corporation
Vaessen Schoemaker
Promar Sp. z o.o.
VISKOTEEPAK
Reiser
Albert Handtmann Holding GmbH & Co. KG
DuPont
Cargill, Incorporated
J. RETTENMAIER & SHNE GMBH CO KG
Kalle GmbH
ceamsa
D2 Ingredients, LP
Stern-Wywiol Gruppe GmbH & Co. KG
Qingdao Hyzlin Biology Technology Development Co. 

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