Press release
Microbial Cellulose Market Size, Share & Growth Research Report, 2023-2032
The report titled "Microbial Cellulose Market By Growth Medium (Synthetic, Natural), By Application (Food And Beverage, Medical, Cosmetics And Personal Care, Paper, Textile, Others): Global Opportunity Analysis And Industry Forecast, 2023-2032" was recently published by Allied Market Research. According to this report, the global microbial cellulose industry reached $20.7 million in revenue in 2022 and is projected to reach $64.5 million by 2032, with a compound annual growth rate (CAGR) of 12.2% from 2023 to 2032.Prime determinants of growth
The global microbial cellulose market is driven by the rising demand for microbial cellulose from medical and cosmetics and personal care industries coupled with rapid development of the food & beverage industry. However, high cost associated with microbial cellulose production is anticipated to hinder the growth of the market. Nevertheless, the surge in demand for personal care ingredients and products is expected to offer lucrative opportunities for market growth in the coming years.
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Microbial cellulose exhibits favorable interactions with both hydrophilic and hydrophobic biopolymers, making it valuable in biomedical applications. In recent research, there has been a growing interest in utilizing microbial cellulose to reinforce biopolymer-based biocomposites, with a focus on its antibiofilm properties for treating biofilm-mediated chronic wounds and infections.
The prime drivers of growth in the global microbial cellulose market include increasing demand from the medical and cosmetics industries, as well as the rapid expansion of the food and beverage sector. However, the high production cost associated with microbial cellulose remains a challenge for market growth. Nonetheless, the rising demand for personal care products and ingredients is expected to present lucrative opportunities for market expansion in the foreseeable future.
The synthetic growth medium segment held the largest share of the market revenue in 2022, contributing to over two-thirds of the total revenue, and is expected to maintain its lead position throughout the forecast period. The Hestrin-Schramm medium (HS) is a popular synthetic medium used for microbial cellulose production, although optimization of its composition can further enhance microbial cellulose yield. On the other hand, the natural growth medium segment is anticipated to grow at a CAGR of 12.3% from 2023 to 2032, offering a cost-efficient alternative to synthetic media.
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The medical segment to maintain its lead position during the forecast period
Based on application, the medical segment accounted for the largest share in 2022, contributing to more than one-third of the global microbial cellulose market revenue, and is projected to maintain its lead position during the forecast period. Microbial cellulose is primarily employed for biomedical applications including wound dressing, tissue engineering, carriers for drug delivery, and artificial skin and blood vessels. Primarily, "never-dried" microbial cellulose membranes have been utilized for wound dressing applications, because of their excellent tensile properties, biocompatibility, water-holding capacity, permeability to gases, and high porosity, permitting them to maintain a suitable moist environment and absorb wound exudates. The food & beverage segment is projected to grow at a CAGR of 12.7% from 2023 to 2032. Microbial cellulose is used as a bacterial cellulose gel, known as Nata, which is consumed as a dessert; multifunctional food components in order to retain the properties of food & beverages as a stabilizer, thickener, and texture modifier. Besides, it can be used as a food packing material owing to its biodegradability and edibility. Also, microbial cellulose is used in food packaging as a film and coating.
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for around two-fifths of the global microbial cellulose market revenue and is likely to dominate the market during the forecast period. The same region is projected to grow at a CAGR of 12.5% from 2023 to 2032. Microbial cellulose is exceptionally promising with multiple dermo-pharmacological applications owing to its biological properties, such as high-water absorption; purity; morphology; high mechanical strength; no toxic characteristics; and high biocompatibility. Moreover, it can replace synthetic, petroleum-derived, and toxic-ecological personal care ingredients. Further, the cosmetics sector in Southeast Asia is rising rapidly due to the growing middle-class population and the increasing purchasing power of the populace.
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Key players in the global microbial cellulose market include BORREGAARD AS, AXCELON BIOPOLYMERS CORPORATION, BOWIL BIOTECH SP. Z O.O., MERCK KGAA, BACPOLYZYME, ASHLAND, HYSSES, BIOESQUE, HBBE, and HNB BIO CO., LTD. These companies have adopted various strategies such as new product launches, collaborations, and expansions to strengthen their market presence and gain a competitive edge. The report provides a comprehensive analysis of these players' business performance, operating segments, product portfolios, and strategic initiatives to offer insights into the competitive landscape of the market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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