Dublin, Oct. 07, 2024 (GLOBE NEWSWIRE) -- The "Cellulose Gel Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The cellulose gel market size has grown strongly in recent years. It will grow from $1.33 billion in 2023 to $1.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%.The cellulose gel market size is expected to see strong growth in the next few years. It will grow to $1.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
The increase during the historic period can be credited to a growing demand for low-fat and low-calorie foods, expanding usage in the pharmaceutical industry, heightened health consciousness, growth of the processed food sector, and increased consumption of convenience foods.
The rise in the forecast period can be attributed to increasing consumer preference for clean label products, growth in the pharmaceutical sector, expanding use in cosmetics and personal care products, growth in vegan and vegetarian foods, and rising applications in the food industry to enhance texture. Key trends in the forecast period include the adoption of sustainable practices, advancements in production techniques, development of new applications, integration of smart technologies, and implementation in the food and beverage industries.
The growth of the food enzyme market is expected to be driven by increasing demand for processed food products. Processed food products undergo mechanical, physical, or chemical alterations to make them suitable for consumption. Factors such as a fast-paced lifestyle, technological advancements in food processing, urbanization, and higher disposable incomes contribute to this rising demand.
Cellulose gel plays a crucial role in enhancing processed foods by improving texture, stability, and shelf life, and it is widely used in sauces, dressings, desserts, and ready-to-eat meals. For example, Agriculture and Agri-Food Canada reported in October 2023 that exports of processed food and beverage products reached $54.3 billion in 2022, a 14.1% increase from the previous year, representing 34.7% of the total production value. This trend underscores how the growing demand for processed food products is fueling the cellulose gel market.
Leading companies in the cellulose gel market are focusing on innovative and sustainable solutions, such as cellulose thickeners, to address environmental concerns and meet the rising demand for eco-friendly products across various industries. Cellulose thickeners enhance viscosity and stability in products used in food, pharmaceuticals, cosmetics, and more.
In September 2022, Roquette, a France-based provider of plant-based ingredients and solutions, acquired Crest Cellulose Pvt. Ltd. for an undisclosed sum. This acquisition is strategically aimed at strengthening Roquette's position in the cellulose derivatives market, enhancing its portfolio and capabilities to better serve the pharmaceutical and personal care industries. Crest Cellulose Pvt. Ltd., based in India, specializes in the production of cellulose derivatives used in pharmaceutical and personal care applications.
North America was the largest region in the cellulose gel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cellulose gel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cellulose gel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Competitive Landscape and Company Profiles
- Thermo Fisher Scientific Inc.
- Overview
- Products and Services
- Strategy
- Financial Performance
- Shin Etsu Chemical Co. Ltd.
- Asahi Kasei Corporation
- DuPont de Nemours Inc.
- International Flavors & Fragrances Inc.
Other Major and Innovative Companies
- AkzoNobel N.V.
- Avantor Inc.
- FMC Corporation
- Clariant AG
- Roquette Freres
- Sigma-Aldrich
- J.M. Huber Corporation
- Ashland Inc.
- Rayonier Advanced Materials (RYAM)
- CP Kelco U.S. Inc.
- Borregaard AS
- Lamberti S.p.a.
- Spectrum Chemical Manufacturing Corporation
- J. Rettenmaier & Sohne GmbH + Co KG
- DMV-Fonterra Excipients GmbH & Co. KG
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $1.41 Billion |
| Forecasted Market Value (USD) by 2028 | $1.83 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Cellulose Gel Market Characteristics
3. Cellulose Gel Market Trends and Strategies
4. Cellulose Gel Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Cellulose Gel Market Size and Growth
5.1. Global Cellulose Gel Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Cellulose Gel Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cellulose Gel Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Cellulose Gel Market Segmentation
6.1. Global Cellulose Gel Market, Segmentation by Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Wood Cellulose
- Cotton Cellulose
6.2. Global Cellulose Gel Market, Segmentation by Derivative Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Commodity Cellulose Pulp
- Cellulose Ethers
- Cellulose Esters
- Microcrystalline Cellulose
- Nanocellulose
- Other Derivatives
6.3. Global Cellulose Gel Market, Segmentation by Property, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Thickening Agent
- Stabilizer
- Binder
- Anti Repository Agent
- Lubricator
- Emulsifier
- Excipient
6.4. Global Cellulose Gel Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Food and Beverages
- Oil and Refining
- Pharmaceutical
- Paint Industry and Textile
- Cosmetics and Personal Care Industry
- Paper Coating and Household Care
- Other Applications
7. Cellulose Gel Market Regional and Country Analysis
7.1. Global Cellulose Gel Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cellulose Gel Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/t0udx
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