The Latin America, Middle East and Africa Vegetarian Casing Market would witness market growth of 9.2% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Vegetarian Casing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $73.4 million by 2031. The Argentina market is experiencing a CAGR of 10.1% during (2024 - 2031). Additionally, The UAE market would exhibit a CAGR of 8.1% during (2024 - 2031).
The rise in plant-based food innovation has led to developing a wide range of meat alternatives, from burgers and sausages to deli slices and hot dogs. Vegetarian casings play an essential role in producing these products, helping achieve the desired texture and consistency. With growing awareness of health, sustainability, and animal welfare, vegetarian casings have become integral to the success of the plant-based meat sector.
Vegetarian casings are also used to produce plant-based cheese and other dairy substitutes. Some plant-based cheese products require a casing to maintain shape and enhance shelf life. Vegetarian casings are ideal for these applications, offering a plant-based alternative to traditional cheese wrappings. Although vegetarian casings are primarily used in the food industry, they also have applications in non-food sectors, such as the pharmaceutical industry for vegetarian capsules. In these applications, vegetarian casings made from ingredients like hydroxypropyl methylcellulose (HPMC) or pullulan replace gelatin capsules.
Brazil, with its thriving food processing sector contributing $208 billion in 2022, is another key player in the growth of the market. As the largest sector in Brazil’s economy, food processing represents 10.8% of the country’s GDP and encompasses over 38,000 companies, most of which are small and medium-sized enterprises (SMEs). Brazil's growing demand for vegetarian and plant-based alternatives is driven by the shift in consumer preferences towards healthier, sustainable, and ethical food choices. With the rise of vegetarian and vegan products in the food industry, food processors are increasingly incorporating vegetarian casings into their production processes, making these products more accessible to a larger population. Therefore, the UAE and Brazil are witnessing significant economic growth in their food service and processing sectors.
Free Valuable Insights: The Worldwide Vegetarian Casing Market is Projected to reach USD 3.38 Billion by 2031, at a CAGR of 6.0%
Based on Application, the market is segmented into Edible Casing, and Non-Edible Casing. Based on Source, the market is segmented into Natural, and Synthetic. Based on Type, the market is segmented into Plant-Based, Algae-Based, and Cellulose-Based. Based on Form, the market is segmented into Pre-Cut Casing, and Roll/Sheets. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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