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Alginate casings Market Expected to Reach $1.4 Billion by 2032—Allied Market Research

 
2022
Alginate casings Market

Report Code : A16863

quote The Alginate Casings Market is experiencing a significant upswing driven by multiple industry trends. Derived from seaweed, alginate casings have emerged as a sustainable and eco-friendly alternative to conventional casings, gaining traction in the food industry. quote

Roshan Deshmukh - Manager
Food and Beverages at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Alginate casings Market," The alginate casings market size was valued at $516.80 million in 2022, and is estimated to reach $1.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

The alginate casing is used in making sausages and processed meat products. Casings have been referred to as the oldest form of packaging materials for sausage. Casings determine the final size and shape of the sausage product. These alginate casings serve as processing molds, containers during handling and shipping, and as merchandising units for display of sausages and meat products. The sausage production was limited to the amount of available animal intestines, but due to the development of technology now they are made from extract of brown algae, known as alginate casing. 

These coatings are edible in nature and are useful to extend the life of different fruits and vegetables. These alginate casings are also used to enclose the sausages, which provide a good taste and texture to them. Alginate casings can be used differently as a film in food packing or a fermenter for meat products. It also provides various benefits such as reducing dehydration, enhancing the product appearance, and also controls respiration. Many key players and companies globally are producing various new formulations and products in the alginate casing market to cater to the increasing Alginate casings Market Trends for natural derived casings 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 market witnessed the same adverse effects due to the complete lockdown and the closure of the packaged food manufacturing industry thus leading to negative impact on the market. Post-COVID-19, the condition has improved and almost all the sectors of the economy are becoming operational after the upliftment of restrictions due to COVID-19. Situations globally and among food manufacturing industries are improving due to the availability of raw materials, which is helping the industry to increase production and cater to the increasing demand.

The Alginate casings Market Analysis is expected to witness significant Alginate casings Market Growth, owing to increasing inclination of consumer toward naturally derived casings. Also, increasing sausage demand and meat products among consumers is also driving the market demand. In addition, alginate casings have the advantages of appearance, texture, and cooking performance, thus, making them one of the preferred choices among sausage manufacturers and are expected to drive the market during the forecast period. The consumer inclination toward naturally derived casings coupled with rise in awareness of animal cruelty for manufacturing of animal-based casing have led both manufactures and consumers shift toward alginate casing, which is expected to positively impact the market during the forecast period.

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. Also, manufacturers are adopting new strategies to expand their operations in the market, which are new product launches and product innovations. The new launches are expected by the manufacturers to fulfill the needs of their customers and ensure better market coverage. Also, the increasing R&D efforts to maximize production and minimize waste in the alginate casings industry is making a positive impact to the market.

The Alginate casings Market Forecast 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 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).   

On the basis of type, the market is classified into basic, colored, and flavored. The flavored segment occupied the major share of the market in 2022 and is projected to maintain its dominance during the forecast period, owing to rising demand for flavored sausages among consumers.  Also, the increasing popularity of vegan in the food market around the globe has pushed manufacturers to use edible casing and also to focus on alginate-based edible casing.

Depending on application, it is categorized into meat, vegan, and fish. The meat segment occupied the major share of the market in 2022 and is projected to maintain its dominance during the forecast period, owing to higher demand for sausages and production of various sausage flavors by market players. 

Depending on end user, it is bifurcated into the food industry, and pet food industry. The food industry segment occupied a major share of the market in 2022 and is projected to maintain its dominance during the forecast period, owing to rising population, which has led to higher demand for sausage and other meat products. 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 owing to their low labor and production cost. Food product manufactures are also focusing on naturally derived casings instead of animal casing owing to consumer inclination for vegan food products. Furthermore, a busy and hectic life is expected to boost demand for ready-to-eat meat products and snacks, which in turn is expected to boost the growth of the alginate casing market. It also provides the food with crispy bites and soothing texture. All these factors collectively increase the Alginate casings Market opportunities

Depending on usage, it is divided into halal, kosher, and others. The halal segment occupied a major share of the market in 2022 and is projected to maintain its dominance during the forecast period, owing to rising awareness among consumers regarding halal certification of food products, especially among Muslim meat product consumer. 

In 2022, North America accounted for 42.3% of the global alginate casings market share and is expected to maintain its dominance during the forecast period. However, Asia-Pacific is expected to possess the highest CAGR of 13.6%, owing to rise in population and higher demand for sausage and meat products in the region. 

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. 

Key findings of the study

  • By type, the flavored segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
  • By application, the meat segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
  • By end user, the food industry segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
  • By usage, the halal segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
  • By region, North America was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.

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quote Alginate casings Market 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 quote

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