Increase in the Global Population and Subsequent Rise in the Meat Consumption and Production Fuelling the Growth of Artificial Casing MarketPublished On: May 9, 2016
Increasing global population, especially urban population plays a key role in the increased use of artificial casings worldwide. According to the Department of Economic and Social Affairs of United nations, the world population reached 7.3 billion in 2015, an addition of approximately one billion people in the span of the last twelve years. Further, this population is projected to increase by more than one billion people within the next 15 years, reaching 8.5 billion in 2030, and to increase further to 9.7 billion in 2050 and 11.2 billion by 2100. Moreover, according to World Health Organization, the urban population in 2014 accounted for 54% of the total global population, up from 34% in 1960, and continues to grow further. The global urban population is expected to grow approximately 1.84% per year between 2015 and 2020, 1.63% per year between 2020 and 2025, and 1.44% per year between 2025 and 2030. As a result, consumers are being exposed to a much wider choice and better availability of sausage within the urban environment, compared to those who are living in rural areas. This urbanization trend contributes significantly towards improved living standards and rising incomes which in turn influence the affordability of sausage and processed meat products to a greater extent.
This rise in the global population has led to the significant increase in the meat and sausages consumption and production worldwide. According to data from the Organisation for Economic Co-operation and Development (OECD), in 2014, the average American adult consumed 90 kilograms (198 pounds) of meat, while the global average during that same year was 34 kilograms (75 pounds). By 2024, these numbers are projected to increase to 94.1 kilograms (207.5 pounds) per person in the U.S. and 35.5 kilograms (78.3 pounds) globally. Also, Annual meat production is projected to increase from 218 million tonnes in 1997-1999 to 376 million tonnes by 2030.
This rising meat production and consumption have direct impact on the increased demand of artificial sausages casings such as collagen casing, cellulose casing, plastics casing, and fibrous casing from sausage manufactures worldwide.
According to the latest publication from Meticulous Research™, the global artificial casings market is expected to grow at a CAGR of 6.5% from 2016 to 2021 to reach USD 4,023.9 million by 2021
About Meticulous Research™
Meticulous Research™ is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research™ produces global reports and custom studies for North America, Europe, Latin America, Asia¬-Pacific, and Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Connect with us on Twitter- https://twitter.com/MeticulousR123