Global Nanocellulose Market to Reach USD 2,788.7 Million by 2033, Facilitated by Thriving F&B Industry

December 17, 2024 | Healthcare

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According to the latest report by IMARC Group, titled “Nanocellulose Market Report by Product Type (Nanofibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose, Microfibrillated Cellulose (MFC), and Others), Application (Pulp and Paperboard, Composites, Pharmaceuticals and Biomedical, Electronics, Food and Beverages, and Others), and Region 2025-2033” the global nanocellulose market size reached USD 673.0 Million in 2024. Nanocellulose is a material derived from plant fibers or other cellulose sources. It is characterized by its nanoscale dimensions, which feature a high surface area and unique mechanical properties. It is often used as a lightweight, high-strength alternative to other materials and is known for being biodegradable and renewable. It is also utilized in cosmetic and skincare products as a thickening agent or emulsifier and for its moisture-retaining properties.

Global Nanocellulose Market Trends:

There is an increase in the use of nanocellulose as a texture enhancer in the preparation of various food products and beverages, such as sauces, gravies, dressings, ice cream, meat, bread, pastries, chips, energy bars, and puddings. This, along with the flourishing food and beverage (F&B) sector, represents one of the major factors impelling the market growth around the world. Moreover, the rising focus on environmental sustainability among the masses is catalyzing the demand for eco-friendly materials like nanocellulose, which is biodegradable and derived from renewable sources worldwide. In addition, nanocellulose is used in the pharmaceutical industry as a stabilizer in drug formulations and researched for controlled drug delivery systems. This, coupled with the growing need for prescription drugs due to the increasing occurrence of chronic medical ailments among the masses, is influencing the market positively. Apart from this, the rising focus on energy-efficient solutions in different industry verticals like electronics and energy storage is driving the use of nanocellulose due to its high surface area and effective conductivity. Looking forward, the market value is projected to reach USD 2,788.7 Million by 2033, expanding at a CAGR of 16.26% during 2025-2033.

Market Summary:

Based on the product type, the market has been segmented into nanofibrillated cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose, microfibrillated cellulose (MFC), and others. At present, microfibrillated cellulose (MFC) dominates the market.
On the basis of the application, the market has been segregated into pulp and paperboard, composites, pharmaceuticals and biomedical, electronics, food and beverages, and others. Pulp and paperboard currently account for the biggest share in the market.
Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Europe enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being Borregaard AS, Cellucomp Ltd, CelluForce, FiberLean Technologies Ltd, GranBio Technologies, Kruger Inc., Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Sappi Ltd, and Stora Enso Oyj.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Product Types Covered	Nanofibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose, Microfibrillated Cellulose (MFC), Others
Applications Covered	Pulp and Paperboard, Composites, Pharmaceuticals and Biomedical, Electronics, Food and Beverages, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Borregaard AS, Cellucomp Ltd, CelluForce, FiberLean Technologies Ltd, GranBio Technologies, Kruger Inc., Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Sappi Ltd, Stora Enso Oyj, etc..
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Nanocellulose Market to Reach USD 2,788.7 Million by 2033, Facilitated by Thriving F&B Industry

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