Report : Asia-Pacific Collagen Casing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Edible and Inedible), Application (Fresh Sausages, Processed Sausages, Salami, and Others), and End-Use (Food Processing, Foodservice, and Food Retail)
Food Processing Segment to Dominate APAC Collagen Casing Market during 2021–2028
According to a new market research study on “APAC Collagen Casing Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast Type, Application, and End -Use” is expected to reach US$ 467.03 million by 2028 from US$ 301.03 million in 2021. The market is estimated to grow at a CAGR of 6.5% from 2021 to 2028. The report provides trends prevailing in the APAC collagen casing market along with the drivers and restraints pertaining to the market growth. Incline in the meat production volumes in the developing countries is the major factor driving the growth of the APAC collagen casing market. However, issues associated with the emergence of alternatives such as plastic casings and cellulose casings hinder the growth of APAC collagen casing market.
The APAC 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 Australia, China, India, Japan, and South Korea.
The COVID-19 pandemic is anticipated to cause a significant economic loss in the Asia Pacific region. The governments of various Asia Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which has negatively impacted the revenue generated by the collagen casing market. 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. However, as the economies are planning to revive their operations and start vaccine deployment across various countries, the demand for collagen casing is expected to rise globally. Rise in health awareness among the populace owing to COVID-19, coupled with the production of collagen casing from safe materials, is expected to boost the growth of the collagen casing market.
Devro PLC, FABIOS SA, Fibran Group, Nippi Collagen NA Inc., Shenguan Holdings (Group) Limited, and Viscofan SA among the leading companies in the APAC 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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