Global Cellulose Gel Market Report and Forecast 2024-2032

Global Cellulose Gel Market Outlook

The global cellulose gel market is expected to grow at a CAGR of 6.2% in the forecast period of 2024-2032 to reach a value of approximately USD 2.11 billion by 2032.

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North America and Europe to Significantly Contribute to the Cellulose Gel Industry Growth

North America and Europe together account for a significant share in the cellulose gel industry. The growth can be attributed to the growing shift towards a healthy lifestyle and the rising demand for plant-based products in the regions. Cellulose gel can be used in a variety of food and beverage applications, including plant-based recipes, to add fibre and reduce calorie content, thus, providing a healthier alternative to customers. Further, the consumption of baked goods and confectioneries is high in both the regions, which is significantly aiding the cellulose gel industry growth. The use of cellulose gel in food ingredients has been recognised as harmless and safe by the FDA, which is driving the demand for the product in the United States. Meanwhile, the Asia Pacific region is expected to witness a robust growth in the forecast period owing to the rising product demand from the various end-use sectors and the presence of a large population.

Cellulose Gel: Market Segmentation

Cellulose gel, also referred to as microcrystalline cellulose (MCC), is a food ingredient, precisely, a stabilising agent consisting of small particles of purified cellulose. Purified cellulose is one of the most abundant organic compounds on the earth. Cellulose gel is basically an insoluble fibre, that is, a refined version of insoluble fibre found in fruits and vegetables. It is extracted from wood, but on occasion, can also be prepared from the waste of fibrous plants, such as corn cobs. It has almost zero calorie, is entirely harmless, and is beneficial for most folks.

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By grade, the market is bifurcated into:

• Food Grade
• Industrial

Based on application, the industry can be segmented into:

• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Industrial
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Vegan Population to Augment the Growth of the Cellulose Gel Industry

The rising demand for vegan products is expected to drive the demand for cellulose gel in various applications. In the food and beverages sector, cellulose gel can be added to various products like bakery, beverages, ice cream, confectionery, and sauces, among others, to deliver premium texture. In plant-based recipes, the product can be used to enhance fibre content, increase stability, and add a satisfying, creamy texture. Meanwhile, the growing demand for stabilisers in other sectors like cosmetics and personal care and pharmaceuticals is expected to further drive the industry growth in the forecast period. Other factors aiding the industry growth include the rising disposable incomes, growing health awareness, increasing demand for nutritional beverages, and growing R&D activities.

Key Industry Players in the Global Cellulose Gel Market

The report gives a detailed analysis of the following key players in the global cellulose gel market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• DuPont de Nemours, Inc.
• Accent Microcell Pvt. Ltd.,
• Sigachi Industries Pvt .Ltd.
• DFE Pharma GmbH & Co KG
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report