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2023

Alginate Casings Market

Alginate casings Market Size, Share, Competitive Landscape and Trend Analysis Report by Application (Meat, Vegan, Fish), by End User (Food industry, Pet food Industry), by Usage (Halal, Kosher, Other), by Type (Basic, Colored, Flavored): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: Amit Jain | Roshan Deshmukh
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The global alginate casings market size was valued at $516.8 million in 2022, and is projected to reach $1.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

The alginate casings are edible casing 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 shelf-life of different fruits, vegetables, and products related to poultry. These alginate casings are majorly used to enclose sausages, which provide a good taste and texture to them. Alginate casings can be used differently as a film in food packing. They also provide various benefits such as reducing dehydration, enhancing the product appearance, and also controlling respiration.

Alginate casings Market

The demand for the alginate casing is increasing vigorously owing to the fact that casing is extracted from vegan source, while the producers are struggling to extend their production capacities. The major factors that drive 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 the income level influences the affordability of the sausage and the processed meat products. Also, increase in 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 continuous manufacturing process, hence leading to lower production cost as compared to other casings.

Also, unlike cellulose casings, there is no peeling step, thus saving material costs, as alginate casings are substantially more economical than natural intestine, collagen, and cellulose casings. Food product manufactures are also focusing on naturally derived casings instead of animal casing owing to consumer inclination for vegan food products. It also provides food with crispy bites and soothing texture, thus making it the preferred choice among consumers.

Moreover, during the time of 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 shutdown of supermarkets and hypermarkets, hotels, and quick service restaurants. But post COVID-19, consumer inclination towards healthy food has driven the demand for sausages, thus leading to an increase in demand for alginate casings market. Day-by-day, the conditions are improving and almost all the sectors of the economy are becoming operational after the uplifting 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 increase in production and led to positive impact on industry.

The market in North America is dominating the global alginate casing market due to the rising demand for the meat and the process meat products in the region of U.S. and Canada, leading to increase in the production of algae-based casing. Also, the increasing population urbanization, meat production, and the consumers preference for natural derived casings, such as alginate casings are making positive impact to the market. Also, rising income level of consumers in the region is influencing the affordability of sausage and the process meat products is increasing the demand for the alginate casing and thus, making positive impact to the market.

Several other regions like Germany and France in Europe are having higher demand for the alginate casing as consumer inclination towards naturally derived casings in vegetarian food products such as cheese, and vegetable. In addition, a large number of sausage manufacturers are adopting automatic manufacturing and thus, alginate casings are in higher demand as they are best suited for automatic manufacturing of sausage. Moreover, the changing food consumption pattern of consumers and increasing demand for meat is positively impacting the market. A growing preference for vegetarian food and inclination of consumers toward healthy lifestyle are expected to hamper the market growth in the future.

The Alginate casings Market Forecastis 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 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 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).

Alginate casings Market by Type

By type, the Alginate casings industry is segmented into basic, colored, and flavored. The flavored segment accounted for a major Alginate casings Market Share in 2022 and is expected to grow at a significant CAGR during the forecast period. Flavored casings are in higher Alginate casings Market Demand among consumers, owing to the wide range of flavors they offer to veg and non-veg products. In addition to flavors, these casings are available in various colors, thus making food products more appetizing.

Alginate casings Market by Application

By application, the Alginate casings Market is segmented into meat, vegan, and fish. The meat segment accounted for a major share of the market in 2022 and is expected to grow at a significant CAGR during the forecast period. The increase in population and rise in consumer demand for various types of meat is the major driver for market growth. Increasing purchasing power and inclination of consumers toward meat food products also drives the market growth.

Alginate casings Market by End User

By end-user, the market is segmented into the food industry, and pet food industry. The food industry segment accounted for a major share of the market in 2022 and is expected to grow at a significant CAGR during the forecast period. Increasing population across the globe coupled with shifting of the consumers to urban cities is making a positive impact on the market as consumers' taste and preferences for food are changing rapidly. Also, consumers are shifting toward alternate sources of food to get vitamins and nutrition due to health as well as environmental concerns, which is the major key factor for the Alginate casings Market Growth.

Alginate casings Market by Usage

By usage, the Alginate casings Market is segmented into halal, kosher, and others. The halal segment accounted for a major share of the market in 2022 and is expected to grow at a significant CAGR during the forecast period. The halal meat market is witnessing growth as people are becoming more aware of the health benefits it provides. Growing population of the Muslims religion followers globally coupled with the increasing awareness among Muslims for not consuming non-haram food leads to increase in the demand for halal food products.

Alginate casings Market by Region

By region, the Alginate casings Market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, The Netherlands, Switzerland, and 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). The North America region accounted for a major share of the market in 2022 and is expected to grow at a significant CAGR during the forecast period. Technological advancements and the increase in consumer preference for alginate casing over artificial casing coupled with rise in number of fast-food restaurants chains and increase in demand for the sausages and the meat-based food are the key drivers of the market.

The major players operating in the alginate casing industry focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the alginate casing market include Qingdao Hyzlin Biology Technology Development Co., FMC Corporation, Vaessen Schoemaker, D2 Ingredients, LP, VISKOTEEPAK, Cargill, Incorporated, Reiser, J. RETTENMAIER & SHNE GMBH CO. KG, Promar Sp. z o.o., ceamsa, Stern-Wywiol Gruppe GmbH & Co. KG, Kalle GmbH, DuPont, Albert Handtmann Holding GmbH & Co. KG, and Ruitenberg Ingredients B.V.

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 2022 to 2032 to identify the prevailing alginate casings market opportunities.
  • The 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.
  • 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.

 

Alginate casings Market Report Highlights

Aspects Details
Market Size By 2032
Market Size By 2032

USD 1.4 billion

Growth Rate
Growth Rate

CAGR of 10.9%

Forecast period
Forecast period

2022 - 2032

Report Pages
Report Pages

432

Alginate casings Market By Application
By Application
  • Meat
  • Vegan
  • Fish
Alginate casings Market By End User
By End User
  • Food industry
  • Pet food Industry
Alginate casings Market By Usage
By Usage
  • Halal
  • Kosher
  • Other
Alginate casings Market By Type
By Type
  • Basic
  • Colored
  • Flavored
Alginate casings Market By Region
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
Key Market Players

Algaia, Reiser, J. Rettenmaier & Sohne GmbH Co KG, Qingdao Hyzlin Biology Development Co.,Ltd., ViskoTeepak Holding Ab Ltd, Albert Handtmann Holding GmbH & Co. KG, FMC Corporation, Promar Przedsiebiorstwo Produkcyjno Handlowe Sp. z o. o, Stern-Wywiol Gruppe GmbH & Co. KG, D2 Ingredients, LP, Kalle GmbH, CEAMSA, Vaessen-Schoemaker B.V., Ruitenberg Ingredients B.V., DuPont de Nemours, Inc.

Analyst Review

According to the CXO's of the top companies, the alginate casing market is expected to grow due to the trend of urbanization, which has great impact on the living standards of consumers and rising purchasing power has also led to consume different food products such as sausages and other packaged food items. Also, the increasing popularity of vegans in the food market around the globe has pushed manufacturers to use edible casing and also to focus on natural-based edible casing. The increasing shift of consumers towards protein-based diets is making a positive impact on the alginate casing market across the globe. Also, alginate casings are a cost-effective alternative to other expensive natural casings and also have lower labor costs and production costs. As consumer preference toward health and wellness has changed drastically as they want healthy and natural-derived casings instead of animal-derived casings thus leading to rising demand for alginate casings market. Also, manufacturers are replacing their synthetic and animal casings with alginate casings owing to their rapid production and lower cost as compared to other alternative casings, which is expected to propel the market growth.

The CXOs further added that the market is driven by product innovation which has led to the development of an alginate casing with a longer shelf life that can be used in various meat products and sausages. The growing demand for effective taste and preferences of the consumer in the alginate casings market is the key attraction for the leading market players, thus leading to huge investments in the industry. E-commerce is expected to play a significant role in the growth and development of the alginate casing market. The utilization of internet technology coupled with the growing adoption of smartphones and the increase in e-commerce platforms is expected to boost the sale of sausages and other processed meat positively and significantly. The increase in popularity of various food delivery platforms, such as Deliveroo, Grubhub, Dunzo, Faasos, Eatfit, Scootsy, and Zomato is boosting the sales of sausages, and thus, contributing to market growth. Moreover, increasing R&D efforts to reduce waste and maximize production, which results in higher productivity, is expected to have a positive impact on the market.

Author Name(s) : Amit Jain | Roshan Deshmukh
Frequently Asked Questions?

The Alginate Casings Market is poised for several upcoming trends globally. Increased focus on sustainability and eco-friendly packaging solutions will drive the adoption of alginate casings. Growing consumer awareness of health and environmental issues will further boost the demand for natural and plant-based alternatives. Innovations in alginate casing technology, catering to specific food applications, are anticipated. Additionally, strategic collaborations and partnerships within the industry are expected to play a pivotal role in shaping the market's future landscape, ensuring continued growth and adaptation to evolving consumer preferences.

alginate casings are commonly used in the food industry, particularly in the production of sausages and other processed meats. Alginate casings offer versatility and are suitable for various applications within the meat processing sector. They provide benefits such as improved moisture retention, enhanced product shelf life, and a natural casing option for health-conscious consumers. However, market trends and applications may evolve, so it's advisable to check more recent sources for the latest information on the leading applications of alginate casings in the market.

North America

Alginate Casings Market to Reach $1,424.9 Million, Globally, by 2032 at 10.9% CAGR

The major players analyzed for the global alginate casings industry are FMC Corporation, Promar, Agersol Alignate, Visko Teepak, Reiser, Handtmann, F&D Technology, Merck, Qingdao Hyzlin Biology Technology Development Co., JRS Group, Hydroslo GmbH & Co. kg, Vaess, Ceamsa, D2 Ingredients, LP, and KIMICA. These major players have undertaking various marketing strategies, such as product launch, technological development, and acquisition to expand their market reach.

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Alginate Casings Market

Global Opportunity Analysis and Industry Forecast, 2023-2032