Global Cellulose Gel Market Share 2024, Forecast To 2033
22 Aug, 2024
The cellulose gel market has grown strongly in recent years, expanding from $1.33 billion in 2023 to $1.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. This growth is driven by increasing demand for low-fat and low-calorie foods, the rising use in the pharmaceutical industry, heightened health awareness, the growth of the processed food industry, and an increase in convenience food consumption. Looking ahead, the market is expected to see robust growth, reaching $1.83 billion in 2028 at a CAGR of 6.7%, due to rising consumer preference for clean label products, growth in the pharmaceutical industry, increased use in cosmetics and personal care products, expansion in vegan and vegetarian food options, and greater applications in the food industry for texture improvement. Key trends during this period include the adoption of sustainable practices, advancements in production techniques, the development of novel applications, the integration of smart technologies, and implementation in the food and beverage industries.
Global Cellulose Gel Market Key Driver
The increasing demand for processed food products is anticipated to boost the growth of the food enzyme market. Processed food products, altered through mechanical, physical, or chemical means, are driven by factors such as fast-paced lifestyles, technological advancements in food processing, urbanization, and higher disposable incomes. Cellulose gel, used in sauces, dressings, desserts, and ready-to-eat meals, enhances processed foods by improving texture, stability, and shelf life. Agriculture and Agri-Food Canada reported in October 2023 that exports of processed food and beverage products reached an all-time high of $54.3 billion in 2022, a 14.1% increase from 2021. This rising demand for processed food products is driving the growth of the cellulose gel market.
Get A Free Sample Of The Cellulose Gel Market ReportGlobal Cellulose Gel Market Segments
The cellulose gel market covered in this report is segmented –
1) By Source: Wood Cellulose, Cotton Cellulose
2) By Derivative Type: Commodity Cellulose Pulp, Cellulose Ethers, Cellulose Esters, Microcrystalline Cellulose, Nanocellulose, Other Derivatives
3) By Property: Thickening Agent, Stabilizer, Binder, Anti Repository Agent, Lubricator, Emulsifier, Excipient
4) By Application: Food And Beverages, Oil And Refining, Pharmaceutical, Paint Industry And Textile, Cosmetics And Personal Care Industry, Paper Coating And Household Care, Other Applications
By Geography:The regions covered in the cellulose gel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Cellulose Gel Industry Players
Thermo Fisher Scientific Inc., Shin Etsu Chemical Co. Ltd., Asahi Kasei Corporation, DuPont de Nemours Inc., International Flavors & Fragrances Inc., AkzoNobel N.V., Avantor Inc., FMC Corporation, Clariant AG, Roquette Frères, 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 & Söhne GmbH + Co KG, DMV-Fonterra Excipients GmbH & Co. KG, CFF GmbH & Co. KG, Maple Biotech Private Limited, Mingtai Chemical Co. Ltd., Sigachi Industries Limited, Accent Microcell Limited, CelluForce Inc
Purchase The Global Cellulose Gel Market Report Directly And Get A Swift DeliveryCellulose Gel Market Overview
Cellulose gel, also known as cellulose gum or carboxymethylcellulose, is a plant-based stabilizing ingredient derived from the structural components of certain plants, primarily cotton or trees. It is a refined form of insoluble fiber that can be found in common fruits and vegetables.
Cellulose Gel Global Market Report 2023 provides data on the global cellulose gel market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cellulose gel market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.