The Latin America, Middle East and Africa Alginate Casings Market would witness market growth of 12.0% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Alginate Casings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $22.8 Million by 2030. The Argentina market is showcasing a CAGR of 12.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 11.6% during (2023 - 2030).
A noteworthy trend is technology integration in its production. Advanced manufacturing processes, including 3D printing and precision engineering, enhance its quality and consistency. This improves production efficiency and allows for greater customization of casings to meet specific product requirements.
Additionally, 3D printing in this offers several advantages. It allows for the production of casings with intricate patterns or textures that enhance the visual appeal of the final product. Moreover, the precision of 3D printing ensures uniform thickness and consistency.
According to the United States Department of Agriculture data, UAE is the second largest food service sector within the Arab Gulf Cooperation Council (GCC) region after Saudi Arabia. In 2021, the value of the UAE hotel, restaurant, and institutional sector totalled $12.3 billion, almost a 17 percent increase from 2020. Hence, the rising food service and food and beverage sectors in LAMEA are expected to drive the demand for this in the region.
Based on End User, the market is segmented into the Food Industry, and Pet Food Industry. Based on Usage, the market is segmented into Halal, Kosher, and Others. Based on Application, the market is segmented into Meat, Fish, and Vegan. Based on Type, the market is segmented into Flavored, Colored, and Basic. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Alginate Casings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $22.8 Million by 2030. The Argentina market is showcasing a CAGR of 12.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 11.6% during (2023 - 2030).
A noteworthy trend is technology integration in its production. Advanced manufacturing processes, including 3D printing and precision engineering, enhance its quality and consistency. This improves production efficiency and allows for greater customization of casings to meet specific product requirements.
Additionally, 3D printing in this offers several advantages. It allows for the production of casings with intricate patterns or textures that enhance the visual appeal of the final product. Moreover, the precision of 3D printing ensures uniform thickness and consistency.
According to the United States Department of Agriculture data, UAE is the second largest food service sector within the Arab Gulf Cooperation Council (GCC) region after Saudi Arabia. In 2021, the value of the UAE hotel, restaurant, and institutional sector totalled $12.3 billion, almost a 17 percent increase from 2020. Hence, the rising food service and food and beverage sectors in LAMEA are expected to drive the demand for this in the region.
Based on End User, the market is segmented into the Food Industry, and Pet Food Industry. Based on Usage, the market is segmented into Halal, Kosher, and Others. Based on Application, the market is segmented into Meat, Fish, and Vegan. Based on Type, the market is segmented into Flavored, Colored, and Basic. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Market Report Segmentation
By End User- Food Industry
- Pet Food Industry
- Halal
- Kosher
- Others
- Meat
- Fish
- Vegan
- Flavored
- Colored
- Basic
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Alginate Casings Market by End User
Chapter 5. LAMEA Alginate Casings Market by Usage
Chapter 6. LAMEA Alginate Casings Market by Application
Chapter 7. LAMEA Alginate Casings Market by Type
Chapter 8. LAMEA Alginate Casings Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- 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.
Methodology
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