North America Microbial Cellulose Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Application (Food & Beverages, Food Packaging, Biomedical, Cosmetics, and Others)
Market Report I 2023-08-22 I 74 Pages I The Insight Partners
The North America microbial cellulose market was valued at US$ 6,416.11 million in 2022 and is expected to reach US$ 12,435.67 million by 2028; it is estimated to grow at a CAGR of 11.7% from 2022 to 2028.
Increasing Demand for Microbial Cellulose in Healthcare Industry
Microbial cellulose has gained significant attention across the biomedical & healthcare industry. Microbial cellulose is composed of a densely woven three-dimensional network nanofiber. It possesses excellent water-binding capacity, high tensile strength, and low thrombogenicity. It is used as a soft human tissue repair material in wound dressing. In cases of severe burns, microbial cellulose acts as an excellent wound-healing agent as it aids the process of wound healing and epidermal regeneration.
Moreover, microbial cellulose is hypoallergenic, noncytotoxic, and nonirritating, and shows perfect skin adhesion in hard-to-reach wounds and injuries. Microbial cellulose is an ideal material for prosthetic blood vessels and cardiovascular components since it adapts perfectly to irregular anatomical contours. For diabetic patients, microbial cellulose is used for the dressing of diabetic feet and venous ulcers. Microbial cellulose also finds application in tissue engineering to make cartilage tissue implants, cornea implants, dura implants, and other medical implants. Manufacturers are developing products that cater to the rising demand for microbial cellulose in the healthcare & pharmaceuticals industry. Thus, the widespread applications of microbial cellulose in the healthcare industry propel its demand, thereby bolstering the microbial cellulose market growth.
North America Microbial Cellulose Market Overview
The microbial cellulose market in North America is segmented into the US, Canada, and Mexico. North America holds many growth opportunities for microbial cellulose manufacturers owing to increasing demand from various end-use industries such as plastics & polymers, cement additives, healthcare, food & beverages, and cosmetics. The US Food Drugs and Administration (FDA) considers microbial cellulose a GRAS (generally recognized as safe) food additive. It is used in conventional desserts, plant-based meat, low cholesterol diet, food/beverage additives, food packaging, and others. The textile industry in North America is conducting research & development activities and collaborating with other market players to develop eco-friendly, sustainable products made from bacterial cellulose. For instance, in May 2022, von Holzhausen, a California-based company, signed a collaboration agreement with Nanollose, a leading Australia-based research and development company, to develop next-gen vegan leather from bacterial cellulose. Similarly, in May 2022, Ashland Global Holdings Inc. launched 'natrathix' bio cellulose, a nature-derived, biodegradable thickener for skin care. Such initiatives by key players in the region are contributing to the market growth.
North America Microbial Cellulose Market Revenue and Forecast to 2028 (US$ Million)
North America Microbial Cellulose Market Segmentation
The North America microbial cellulose market is segmented based on application and country. Based on application, the North America microbial cellulose market is segmented into food & beverages, food packaging, biomedical, cosmetics, and others. The food & beverages segment held the largest market share in 2022.
Based on country, the North America microbial cellulose market is segmented into the US, Canada, and Mexico. The US dominated the North America microbial cellulose market share in 2022.
Ashland Inc; Axcelon Biopolymers Corp; Bacterial Cellulose Solutions Inc; Cellulose Lab Inc; and Polybion SL are the leading companies operating in the North America microbial cellulose market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Microbial Cellulose Market, by Application
1.3.2 North America Microbial Cellulose Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
3.2.8 Limitations and Assumptions:
4. North America Microbial Cellulose Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Materials
4.3.2 Production Process
4.3.3 End-Use Industries
4.4 Expert Opinion
5. North America Microbial Cellulose Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Wide Scope of Application
5.1.2 Increasing Demand for Microbial Cellulose in Healthcare Industry
5.2 Market Restraints
5.2.1 High Production Cost
5.3 Market Opportunities
5.3.1 Rising Demand for Sustainable Materials
5.4 Future Trends
5.4.1 Rising Applications in Cosmetics Industry
5.5 Impact Analysis of Drivers and Restraints
6. Microbial Cellulose Market- North America Market Analysis
6.1 Microbial Cellulose Market -Revenue and Forecast to 2028 (US$ Thousand)
7. North America Microbial Cellulose Market Analysis - By Application
7.1 Overview
7.2 Microbial Cellulose Market, By Application (2021 and 2028)
7.3 Food & Beverages
7.3.1 Overview
7.3.2 Food & Beverages: Microbial Cellulose Market - Revenue and Forecast to 2028 (US$ Thousand)
7.4 Food Packaging
7.4.1 Overview
7.4.2 Food Packaging: Microbial Cellulose Market - Revenue and Forecast to 2028 (US$ Thousand)
7.5 Biomedical
7.5.1 Overview
7.5.2 Biomedical: Microbial Cellulose Market - Revenue and Forecast to 2028 (US$ Thousand)
7.6 Cosmetics
7.6.1 Overview
7.6.2 Cosmetics: Microbial Cellulose Market - Revenue and Forecast to 2028 (US$ Thousand)
7.7 Others
7.7.1 Overview
7.7.2 Others: Microbial Cellulose Market - Revenue and Forecast to 2028 (US$ Thousand)
8. North America Microbial Cellulose Market - by Country Analysis
8.1 North America: Microbial Cellulose Market
8.1.1 North America: Microbial Cellulose Market, by Key Country
8.1.1.1 US: Microbial Cellulose Market -Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.1.1 US: Microbial Cellulose Market, by Application
8.1.1.2 Canada: Microbial Cellulose Market-Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.2.1 Canada: Microbial Cellulose Market, by Application
8.1.1.3 Mexico: Microbial Cellulose Market-Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.3.1 Mexico: Microbial Cellulose Market, by Application
9. Industry Landscape
9.1 Overview
9.2 Expansion
9.3 New Product Development
9.4 Partnerships
10. Company Profiles
10.1 Polybion SL
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Axcelon Biopolymers Corp
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Cellulose Lab Inc
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Bacterial Cellulose Solutions Inc
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Ashland Inc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Microbial Cellulose Market -Revenue and Forecast to 2028 (US$ Thousand)
Table 2. US Microbial Cellulose Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Canada Microbial Cellulose Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 4. Mexico Microbial Cellulose Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Glossary of Terms, North America Microbial Cellulose Market
LIST OF FIGURES
Figure 1. North America Microbial Cellulose Market Segmentation
Figure 2. North America Microbial Cellulose Market Segmentation - By Country
Figure 3. North America Microbial Cellulose Market Overview
Figure 4. The Food & Beverage Segment Led the Market in 2021
Figure 5. US Led the Microbial Cellulose Market in 2021
Figure 6. North America Porter's Five Forces Analysis: Microbial Cellulose Market
Figure 7. North America Ecosystem Analysis: Microbial Cellulose Market
Figure 8. North America Expert Opinion
Figure 9. North America Microbial Cellulose Market Impact Analysis of Drivers and Restraints
Figure 10. North America Microbial Cellulose Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. North America Microbial Cellulose Market Revenue Share, By Application (2021 and 2028)
Figure 12. Food & Beverages: North America Microbial Cellulose Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 13. Food Packaging: North America Microbial Cellulose Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 14. Biomedical: North America Microbial Cellulose Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 15. Cosmetics: North America Microbial Cellulose Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 16. Others: North America Microbial Cellulose Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 17. North America: Microbial Cellulose Market, by Key Country - Revenue (2021) (US$ Million)
Figure 18. North America: Microbial Cellulose Market Revenue Share, by Key Country (2021 and 2028)
Figure 19. US: Microbial Cellulose Market -Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Canada: Microbial Cellulose Market-Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Mexico: Microbial Cellulose Market-Revenue and Forecast to 2028 (US$ Thousand)
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