Cellulose Gel Market Report 2024 - Cellulose Gel Market Size And Growth

"The Business Research Company recently released a comprehensive report on the Global Cellulose Gel Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to increasing demand for low fat and low calorie foods, increasing usage in the pharmaceutical industry, rise in health awareness, growth of the processed food industry, rise in convenience food consumption.

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 growth in the forecast period can be attributed to rising consumer preference for clean label products, growth in the pharmaceutical industry, increasing use in cosmetics and personal care products, growth in vegan and vegetarian food, increasing applications in the food industry for texture improvement. Major trends in the forecast period include adoption of sustainable practices, advancement in production techniques, development of novel applications, integration of smart technologies,implementation in the food and beverage industries.

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Market Drivers and Trends:
The increasing demand for processed food products is expected to propel the growth of the food enzyme market going forward. Processed food products refer to food items that have undergone various mechanical, physical, or chemical alterations from their original form to make them suitable for consumption. The fast-paced lifestyle, technological advancements in food processing, urbanization, and higher disposable incomes are leading to the rising demand for processed food products. Cellulose gel enhances processed foods by improving texture, stability, and shelf life as a versatile ingredient used in sauces, dressings, desserts, and ready-to-eat meals. For instance, in October 2023, according to Agriculture and Agri-Food Canada (AAFC), a Canada-based government department for agriculture and food-related products, in 2022, exports of processed food and beverage products reached an all-time high of $54.3 billion, marking a 14.1% increase compared to 2021. These exports represented 34.7% of the total production value. Therefore, the increasing demand for processed food products is driving the growth of the cellulose gel market.

Major companies operating in the cellulose gel market focus on innovative and sustainable solutions, such as cellulose thickeners, to address environmental concerns and meet the growing demand for eco-friendly products in various industries. Cellulose thickeners enhance the viscosity and stability of multiple products in food, pharmaceuticals, cosmetics, and other industries. For instance, in April 2022, Nouryon, a Netherlands-based specialty chemicals company, launched Bermocoll flow cellulose ethers. It delivers an optimal balance of sag resistance and leveling, along with improved spatter resistance and hiding, compared to paint systems made with standard thickeners. Moreover, the product is soluble in water. It is well suited for low-volatile organic compound (VOC) paint formulations and airless spray applications, making it a natural, more sustainable alternative for interior and exterior decorative paints.

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Major Key Players of the Market:
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

Cellulose Gel Market 2024 Key Insights:
• 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%.
• Rising Demand For Processed Foods Fuels Growth In Cellulose Gel Market
• Enhancing Product Performance With Sustainable Cellulose Thickeners
• North America was the largest region in the cellulose gel market in 2023

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This release was published on openPR.