Cellulose Nanocrystals Market Growth Expected to Reach $315.8 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Cellulose Nanocrystals Market," The cellulose nanocrystals market size was valued at $55.7 million in 2021, and is estimated to reach $315.8 million by 2031, growing at a CAGR of 19% from 2022 to 2031.

Nanocrystals of cellulose are chemical aggregates that can be combined to generate a crystalline form of the medicine surrounded by a thin layer of surfactant. They have several applications in materials research, chemical engineering, quantum dots for biological imaging, and nanomedicine for medication delivery. Nanocrystals can also be stacked and put to flexible substrates to produce solar panels. They have also been utilized in the production of filters that convert crude oil into diesel fuel.

Nanocrystals are also used to design and troubleshoot processes for the production of chemicals, fuels, food, pharmaceuticals, and biologicals. The growing demand for nanocrystalline cellulose in the medical, personal care, and cosmetics sectors is expected to fuel the market expansion of nanocellulose.

According to invest India, the personal care product industry in India is presently valued at $26.8 billion, and 50-60% of Indian output is shipped to Western and Middle Eastern markets, with the major exporting nations being the U.S., Hong Kong, and the UAE. Thus, the increase in demand for cellulose nanocrystals is expected to boost the growth of the nanocellulose materials market during the forecast period.

Rise in demand for processed food & beverages in the developing regions, such as Asia-Pacific and LAMEA, drives the growth of the market. In addition, steady rise in consumption of pharmaceutical products such as tablets and capsules supplement expected to increase the cellulose nanocrystals market growth.

However, the high price of wood-based cellulose nanocrystal combined with the availability of substitute products, such as cellulose nanomaterials, microfabricated cellulose, and others are expected to hamper the growth of the cellulose nanocrystals industry.

Conversely, increase in demand for cellulose nanocrystal in emerging economies is expected to create lucrative opportunities for market growth. Economic development is expected to play a key role in the market, as consumption of pharmaceutical products and processed food & beverage are expected to increase in the developing nations, thereby creating numerous growth opportunities for the market.

Rise in global population, change in lifestyles, increase in disposable income among people, and surge in personal care sector have escalated the demand for cellulose nanocrystal where they are used as an additive in mask packs and basic cosmetics. This is projected to increase the demand for cellulose nanocrystal in the personal care industry, which is anticipated to offer new opportunities in the global cellulose nanocrystal market.

The cellulose nanocrystals market is segmented on the basis of source type, application, and region. On the basis of source type, it is classified into wood, straw, cotton, and others. On the basis of application, it is divided into biomedical, pulp and paper, food & beverages, cosmetics, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

By source type, wood segment is projected to maintain its dominance throughout the forecast period and expected to grow at 19.4% of CAGR. Governments of both developed and developing economies are trying to strengthen the pharmaceutical industry, owing to the rise in the number of diseases.

In addition, the high consumption of nutritional capsules, tablets, drugs, and others has enhanced the global demand for cellulose nanocrystal, where it is used as a binder or diluting agent for the formulation of various drugs. This is anticipated to fuel the overall growth of the cellulose nanocrystal market; thus, offering the most lucrative opportunities for wood-based cellulose nanocrystals during the forecast period.

By application. The biomedical segment dominated the  cellulose nanocrystals market share in terms of revenue in 2021 with 40% share in the global market. The biomedical industry offers a facility that exceeded quality and safety requirements for producing, installing, designing, and formulating various drugs, medical devices, biomedicine, and others. The biomedical industry is again divided into biotechnology, pharmaceutical, and healthcare industries. It involves medical-grade products such as sanitizer, hand wash, vaccines, antibiotics, drugs, medicine, and others.

Cellulose nanocrystal is used widely in the pharmaceutical sector owing to its non-toxic and binding properties. Fluorescence imaging using nanocrystals has been employed in gene identification, protein analysis, enzyme activity evaluation, element tracing, cell tracking, early-stage illness diagnosis, and monitoring real-time therapy effects in medical imaging.

Philips announced the introduction of an AI-enabled MR imaging portfolio in November 2021, with the goal of improving the efficiency and sustainability of radiology operations by speeding up MR tests, which is in turn drives the market growth; thus, offering new opportunities for future growth.

Region wise, the cellulose nanocrystals market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The cellulose nanocrystals market accounted for a major market share in 2021 and is projected to grow at the highest CAGR during the forecast period. Europe cellulose nanocrystal market is one of the developed markets. This region has been the epicenter of cellulose nanocrystal consumption, as consumers in this region prefer to have low-fat dairy products.

Nanocrystals of cellulose are used as food additive and low-calorie substitute in the food processing industry. This has driven the market growth in the region. Furthermore, according to data published by, Cosmetics Europe, Germany’s cosmetics and personal care industry was valued at €13.6 billion in 2021 and is expected to experience growth during the forecast period.

Cellulose nanocrystal has a wide range of applications in the cosmetics and personal care industry where it is widely used for the formulation of skin care products. This may act as one of the key drivers responsible for the growth of cellulose nanocrystal in the growing cosmetics industry in the European region. Cellulose nanocrystal has been widely used as a binding agent in the food processing industry. These supporting factors are offering new opportunities for the cellulose nanocrystal market.

Key players operating in the global cellulose nanocrystals market include Anomera, Inc., Blue Goose Refineries, CelluComp, CelluForce, GranBio, innotech alberta, Kruger Inc., Melodea Ltd, Nanocrystacell, and Sappi.

Key Findings:

• On the basis of source type, the wood segment is expected to grow at a CAGR of 19.4%, in terms of revenue, during the forecast period.
• Depending on application, the biomedical segment is expected to grow at a CAGR of 19.5%, in terms of revenue, during the forecast period.
• Region wise, Europe garnered a major share in 2021 in terms of revenue.