Alginate Casings Market

Global Alginate Casings Market Size, Share & Trends Analysis Report By End User, By Usage (Halal, Kosher, and Others), By Application (Meat, Fish, and Vegan), By Type (Flavored, Colored, and Basic), By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-21176 Publication Date: March-2024 Number of Pages: 214
2022
USD 513.41 Million
2030
USD 1.1 Billion
CAGR
10.4%
Historical Data
2019 to 2021

“Global Alginate Casings Market to reach a market value of USD 1.1 Billion by 2030 growing at a CAGR of 10.4%”

Analysis of Market Size & Trends

The Global Alginate Casings Market size is expected to reach $1.1 billion by 2030, rising at a market growth of 10.4% CAGR during the forecast period.

European consumers often demonstrate a strong preference for natural and sustainable products. Alginate, being derived from seaweed, aligns with these preferences. Thus, Europe region acquired 31.7% revenue share in the market. The growth in meat production in the EU may result in an increased demand for casings to meet the packaging needs of sausages and processed meat products. This, a viable alternative to traditional casings, could see expanded usage as the meat industry looks for diverse and sustainable packaging solutions.

Alginate Casings Market Size - Global Opportunities and Trends Analysis Report 2019-2030

It is biodegradable because they are derived from seaweed. This environmentally sustainable attribute attracts consumers who are environmentally aware and concerned with reducing plastic pollution and the ecological consequences associated with conventional casings. The production of alginate casings typically involves fewer resources than traditional casings made from synthetic materials.

Additionally, as per Invest India, the food processing industry in the country is among the biggest in the world, and by 2025–2026, it is projected to produce $535 billion. Likewise, as per the data released by the United States Department of Agriculture, according to the Brazilian Food Processors' Association (ABIA), the country’s food processing sector registered revenues of R$922.6 billion (US$171 billion) in 2021, an increase of 16.9 percent compared to 2020. Hence, these factors can boost the demand for the market.

However, the extraction of seaweed for alginate production involves harvesting practices that balance economic interests with environmental sustainability. Overharvesting or improper harvesting techniques can deplete seaweed resources, jeopardizing the long-term sustainability of the market. Striking a balance between harvesting for commercial purposes and ensuring ecological health poses a significant challenge. Thus, these factors can lead to a reduced demand for it in the upcoming years.

Driving and Restraining Factors
Alginate Casings Market
  • Rising preference for natural ingredients
  • Increasing emphasis on environmental sustainability
  • Growing food industry around the world
  • Raw material availability and cost fluctuations
  • Limited heat resistance and strength
  • Increasing need for regulatory support and compliance
  • Rising meat consumption in various nations
  • Increasing competition from alternative casings
  • Limited awareness and consumer acceptance

By End User Analysis

On the basis of end user, the market is divided into food industry and pet food industry. The food industry segment recorded 75.6% revenue share in the market in 2022. Changing customer preferences may influence its usage, such as an increasing need for natural and sustainable food ingredients.

By Uses Analysis

Based on usage, the market is divided into halal, kosher, and others. In 2022, the kosher segment witnessed 30.7% revenue share in the market. This certified as kosher comply with Jewish dietary laws, making them suitable for consumption by individuals who observe these dietary restrictions.

Alginate Casings Market Share and Industry Analysis Report 2022

By Application Analysis

Based on application, the market is segmented into meat, vegan, and fish. The meat segment held 66.38% revenue share in the market in 2022. A growing trend in food choices is toward more sustainable and healthful options. Alginate casings, plant-based and derived from seaweed, align with these consumer preferences.

By Type Analysis

On the basis of type, the market is divided into basic, colored, and flavored. In 2022, the colored segment witnessed 35.7% revenue share in the market. Colored casings can enhance the visual appeal of food products. Using vibrant colors can attract consumers and make the products visually appealing on store shelves.

Free Valuable Insights: Global Alginate Casings Market size to reach USD 1.1 Billion by 2030

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired 31.7% revenue share in the market. European consumers often demonstrate a strong preference for natural and sustainable products. Alginate, being derived from seaweed, aligns with these preferences.

Alginate Casings Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 513.41 Million
Market size forecast in 2030 USD 1.1 Billion
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2030
Revenue Growth Rate CAGR of 10.4% from 2023 to 2030
Number of Pages 214
Number of Tables 430
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Usage, Type, Application, End User, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included FMC Corporation, Reiser, Kalle GmbH, Albert Handtmann Holding GmbH & Co. KG, ViskoTeepak Holding Ab Ltd, D2 Ingredients, LP, J. Rettenmaier & Sohne GmbH Co KG, Vaessen-Schoemaker B.V., Qingdao Hyzlin Biology Development Co., Ltd. Compañía Español, de Algas Marinas, S.A.
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List of Key Companies Profiled

  • FMC Corporation
  • Reiser
  • Kalle GmbH
  • Albert Handtmann Holding GmbH & Co. KG
  • ViskoTeepak Holding Ab Ltd
  • D2 Ingredients, LP
  • J.Rettenmaier & Sohne GmbH Co KG
  • Vaessen-Schoemaker B.V.
  • Qingdao Hyzlin Biology Development Co., Ltd.
  • Compañía Española de Algas Marinas, S.A.

Alginate Casings Market Report Segmentation

By End User

  • Food Industry
  • Pet Food Industry

By Usage

  • Halal
  • Kosher
  • Others

By Application

  • Meat
  • Fish
  • Vegan

By Type

  • Flavored
  • Colored
  • Basic

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $1.1 billion by 2030.

Rising preference for natural ingredients are driving the Market in coming years, however, Raw material availability and cost fluctuations restraints the growth of the Market.

FMC Corporation, Reiser, Kalle GmbH, Albert Handtmann Holding GmbH & Co. KG, ViskoTeepak Holding Ab Ltd, D2 Ingredients, LP, J. Rettenmaier & Sohne GmbH Co KG, Vaessen-Schoemaker B.V., Qingdao Hyzlin Biology Development Co., Ltd. Compañía Español, de Algas Marinas, S.A.

The expected CAGR of this Market is 10.4% from 2023 to 2030.

The Halal segment is leading the Market by Usage in 2022, there by, achieving a market value of $614 Million by 2030.

The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $394.7 Million by 2030.

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