According to a new report, published by KBV research, The Global Vegetarian Casing Market size is expected to reach $3.38 billion by 2031, rising at a market growth of 6.0% CAGR during the forecast period.
The Edible Casing segment is leading the Global Vegetarian Casing Market by Application in 2023; thereby, achieving a market value of $1.70 billion by 2031. This segment’s popularity can be attributed to the growing demand for plant-based food products and an increasing number of consumers seeking vegetarian and vegan alternatives. Edible casings are primarily used in producing meat substitutes, such as plant-based sausages. They are preferred for their ability to mimic the texture and appearance of traditional animal-based casings, adding to the appeal of plant-based food products.
The Synthetic segment is experiencing a CAGR of 6.5% during (2024 - 2031). Synthetic casings are typically made from materials such as plastics or other man-made polymers, offering advantages like durability, cost-effectiveness, and versatility in food production. They are commonly used in applications where durability and preservation are crucial, especially in processed vegetarian products. As the demand for efficient food packaging and storage solutions continues to rise, the synthetic segment plays an important role in meeting these needs.
The Plant-Based segment is generating the maximum revenue in the Global Vegetarian Casing Market by Type in 2023; thereby, achieving a market value of $1.98 billion by 2031. This segment has gained significant traction due to the increasing popularity of plant-based diets and a growing consumer preference for sustainable, vegetarian, and vegan food products. Plant-based casings are often made from soy, pea protein, and other plant-derived ingredients, providing a natural, eco-friendly option for meat substitutes, particularly in products like sausages and other processed foods.
The Roll/Sheets segment captured a CAGR of 6.5% during (2024 - 2031). Roll/sheets offer flexibility for manufacturers, as they can be customized to the required dimensions based on production needs. This segment is popular for applications where larger quantities of casing are needed, allowing for more cost-effective bulk production. Roll/sheets are commonly used in the food industry for packaging and casing, providing versatility in size and shape for various plant-based products.
Full Report: https://www.kbvresearch.com/vegetarian-casing-market/
The North America region dominated the Global Vegetarian Casing Market by Region in 2023; thereby, achieving a market value of $1.38 billion by 2031. The Europe region is expected to witness a CAGR of 5.6% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 6.6% during (2024 - 2031).
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