Cellulose Gel Market By Source (Wood Pulp, Refined Cotton), By Application (Food & beverages, Oil & Refining, Pharmaceutical, Paint Industry & Textile, Cosmetics and Personal Care Industry, Paper Coating & Household Care, Others), By Property (Thickening Agent, Stabilizer, Binder, Anti-Repository Agent, Lubricator, Emulsifier, Excipient): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global cellulose gel market size was valued at $1.4 billion in 2021, and is projected to reach $2.2 billion by 2031, registering a CAGR of 4.5% from 2022 to 2031. Cellulose is a molecule comprised of carbon, hydrogen, and oxygen, and is found in the cellular structure of virtually all plant matter. This organic compound, which is considered the most abundant on earth, is even excreted by some bacteria. Cellulose provides structure and strength to the cell walls of plants and provides fiber in our diets. Although some animals, such as ruminants, can digest cellulose, humans cannot. It falls into the category of indigestible carbohydrates known as dietary fiber.
In recent years, cellulose has become a popular food additive due to its unique chemical and physical properties when combined with water. The most economical sources of industrial cellulose are cotton and wood pulp, though cellulose can be found in majority of plant matter.
Food industries are promoting their food products by labeling them vegan, owing to the growth in veganism and rise in the trend of flexitarian diet. Growth in the food industry and dynamic changes in consumption pattern has generated the demand for plant-based food products, which, in turn, spurs growth of the cellulose gel market during the forecast period. Growth in urbanization and awareness regarding harmful effects of chemical-added artificial ingredients-based food products create massive demand for plant-based, ready-to-eat and functional drink products, packaged food products, and frozen food products, as it indirectly adds to the growth of the global cellulose gel market. However, the availability of substitutes hampers the market growth. For instance, products such as xanthan gum, pectin, and guar gum are the perfect substitutes for cellulose gel. Functionalities of xanthan gum, pectin, guar gum, and cellulose gel are similar as they have widespread applications owing to the thickening, binding, suspending, emulsifying, and lubricating properties. These also act as good stabilizing agents, viscosity modifiers, and coating agents. Therefore, they find wide applications in food & beverages, pharmaceutical, cosmetics & personal care, oil & refining, and household care industries. The presence of substitute products in the market affects the sales of cellulose gel, in turn limiting the market growth.
In addition, growth of online retail platform is anticipated to surge the demand and supply of cellulose gel during the forecast period. Many retailers are collaborating or operating their own web-based retail stores where customers can learn more about the organization and its products. The availability of diverse product options and price comparison on online shopping sites has resulted in an increase in the number of online shoppers. Furthermore, it also leads to ease in accessibility and availability of the products required which is expected to boost the market growth in the future.
The cellulose gel market is segmented into source, application, property, and region. On the basis of source, the market is categorized into wood pulp and refined cotton. By application, the market is classified into food & beverages, oil & refining, pharmaceutical, paint & textile, cosmetics & personal care, paper coating & household care, and others. By property, the market is divided into thickening agent, stabilizer, binder, anti-repository agent, lubricator, emulsifier, and excipient. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the report are Ashland Global Specialty Chemicals Inc., Cellulose Solutions Private Limited, E. I. du Pont de Nemours and Company, J. Rettenmaier & Söhne GmbH + Co KG, J.M. Huber Corporation, Libraw Pharma, Mingtai Chemical Co., Ltd., Sigachi Industries Limited, Somaiya Group, Spectrum Chemical Mfg. Corp.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cellulose gel market analysis from 2021 to 2031 to identify the prevailing cellulose gel market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cellulose gel market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cellulose gel market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
Wood Pulp
Refined Cotton
By Application
Food beverages
Oil Refining
Pharmaceutical
Paint Industry Textile
Cosmetics and Personal Care Industry
Paper Coating Household Care
Others
By Property
Thickening Agent
Stabilizer
Binder
Anti-Repository Agent
Lubricator
Emulsifier
Excipient
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Asean
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Turkey
Saudi Arabia
Rest of LAMEA
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