CELLULOSE GEL MARKET ANALYSIS

Regional Analysis

Cellulose Gel Market Outlook

• North America and Europe are the largest markets for cellulose gel. The addition of cellulose gel to food and drugs is approved by the US FDA, hence use of cellulose gel across end user industries has increased. Pharmaceutical and food industry are major drivers. Furthermore, with the rise of lifestyle diseases in this region weight management segment is projected to grow rapidly.
• Asia Pacific is estimated to be the fastest growing market due to rising population in countries such as India, China, Indonesia and Philippines. These countries will drive food processing industry and will augment growth. Moreover, China and Japan are manufacturing hubs for cellulose gel and supply cellulose gel to North American and European markets.
• Middle East is a slow growing market and is not expected to grow much in the forecast period. Though pharmaceutical industry has shown significant growth, slack growth in population has not resulted in food industry growth.
• Latin America is a developing market with Brazil and Argentina as major drivers due to strong economic and population growth in these countries.