The new report by Expert Market Research titled, ‘Global Cellulose Gel Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global cellulose gel market, assessing the market based on its segments like grades, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 6.5%
• Forecast Market Size (2025): USD 1.39 billion
The significant growth of the cellulose gel market in the forecast period can be attributed to the rising awareness towards leading a healthy lifestyle and the rising demand for plant-based products in the developing economies of the world. In the food and beverage industry, cellulose gel can provide a healthier alternative to customers, as it is used in various plant-based recipes because it adds fibres and reduces the calorie content. Further, the rising consumption of baked goods and confectioneries, especially in regions like North America and Europe, which bolsters the global demand for cellulose gel.
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Industry Definition and Segmentation
Cellulose gel, also known as microcrystalline cellulose (MCC), is a food ingredient and a stabilising agent consisting of small particles of purified cellulose. Purified cellulose is abundant on earth. Cellulose gel is a refined version of insoluble fibre, which is found in fruits and vegetables. It is used in the food and beverage industry in various recipes in order to reduce the calorie content and add fibres to the diet.
On the basis of grade, the market is bifurcated into:
• Food Grade
By application, the industry is categorised into:
• Food and Beverage
• Cosmetics and Personal Care
The regional markets of the product are segmented into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The significant rise of cellulose gel in the forecast period is because of the growing demand for vegan products in the food and beverage industry. It is added in products such as bakery, beverages, ice cream, confectionery, and sauces, among others, to deliver a premium texture. Since the Coronavirus outbreak, the pharmaceutical industry has witnessed a high demand, which has propelled the cellulose gel market growth significantly. The Asia Pacific and the United States of America have witnessed a robust growth in the forecast period owing to the rising product demand from various end-use sectors and the presence of a large population. This is further bolstered by the increase in the disposable incomes of the citizens.
Key Market Players
The major players in the market are DuPont de Nemours, Inc. (NYSE: DD), Accent Microcell Pvt. Ltd., Sigachi Industries Pvt. Ltd., and DFE Pharma GmbH & Co KG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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