Selbyville, Delaware, March 08, 2018 (GLOBE NEWSWIRE) --
Nanocellulose Market is set to cross USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc. Nanocellulose market is driven by its applications in the food & beverage packaging materials, due to its exceptional characteristics which help prevent the food content spoilage and blocks the oxygen entry in it. Moreover, the product is used to substitute polystyrene-based foams and also helps improving the shelf life, thus improving the overall food quality. An innovative packaging technology well known as “active packaging” integrates the usage of these nanocellulose in packaging materials which aid to regulate the food bacterial external contamination. This technology is fascinating a huge attention in the food packaging industry due to the rising buyer demands for preservative-free and minimum processed eatables. Furthermore, the nanocellulose market will further be augmented by the integration of nanomaterials in food packaging. This will lead to a reduction in food waste as it preserves the freshness of packed food.
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Another driving factor for nanocellulose market is the Asia Pacific region which has a vast growing population with enormous rising income levels of consumers. Increasing number of developing countries in this region, coupled with exponential growth rates will spur the personal care and cosmetics industry in Asia Pacific. People living in the developing countries of this region have started to improve their lifestyles and standard of living due to the growth in the corporate culture. This has led to increasing awareness of personal grooming and hygiene. Rising use of cosmetic products, fragrances, and other personal care products will propel the cosmetic and personal care industry, eventually boosting the nanocellulose market in future.
Moreover, due to recent technological advancements and product development, there is a lesser awareness of these composites in the industry. Manufacturers in various industries do not know about these submicroscopic particles and their properties. This unawares of the product will result in slower nanocellulose market growth in the forecast timespan.
Browse key industry insights spread across 200 pages with 263 market data tables & 30 figures & charts from the report, “Nanocellulose Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/nanocellulose-market
In the nanocellulose market, nanofibrillated cellulose segment is said to gain the highest share of over USD 540 million by 2024 owing to its superior properties. Bacterial nanocellulose will grow at a highest CAGR of over 40% to capture a market share close to USD 27 million by 2024.
The composites segment in the nanocellulose market is said to gain market share slightly lesser than 40% by the end of the forecast spell wing to its huge applications. In terms of revenue, the food and beverage segment is said to surpass USD 90 million by 2024 in the overall nanocellulose market. In terms of revenue, oil & gas segment is said to grow at a highest CAGR in the future years.
North America is said to capture over 40% share in the entire nanocellulose market by 2024 owing to technological upgradations and industrial and manufacturing developments in this region. Asia Pacific will exhibit growth at a lucrative rate to surpass USD 210 million by the end of the forecast period.
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Microcrystalline Cellulose (MCC) Market Forecast, 2017 – 2024
Microcrystalline Cellulose (MCC) Market size was over USD 630 million in 2015 and is forecast to surpass USD 1 billion by 2024, growing at more than 7% CAGR from 2016 to 2024. Increasing application scope in pharmaceuticals and cosmetic sectors accompanied by FDA approval as safe ingredient to consume are among the key factors driving global microcrystalline cellulose (MCC) market size growth.
https://www.gminsights.com/industry-analysis/microcystalline-cellulose-mcc-market
Dietary Fibers Market Forecast, 2016 – 2024
Dietary Fibers Market from food applications will observe over 12.5% CAGR up to 2024. Growing awareness as well as the tremendous development of the organic food industry is driving the segment growth. Beverages will be valued over USD 2.5 billion by 2024. Energy and sports drinks are the major products driving the segment growth. New and upgraded flavour & ingredient combinations and alternatives to carbonated soft drinks will be key driving factors.
https://www.gminsights.com/industry-analysis/dietary-fibers-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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