Microcrystalline Cellulose Market Size Analysis

According to a research survey conducted by ChemView Consulting, the Global Microcrystalline Cellulose Market was valued at US$ 685.2 Mn in 2022 and is expected to reach US$ 1,027.9 Mn by 2030 by growing at a CAGR of 5.2% between 2022 to 2030.

Food and beverage applications are driven by rising demand for processed foods such as ready-to-eat meals and bakery products. Furthermore, the market’s shifting preference for plant-based ingredients in personal care and cosmetics is encouraging product development. This has resulted in introducing and using innovative non-wood-based alternatives made from agricultural waste, which has aided market growth.

Key Market Insights

• The growing demand for Microcrystalline Cellulose from the pharmaceutical industry in significant economies worldwide is projected to fuel demand for market research in the short term. On the other hand, Microcrystalline Cellulose’s high manufacturing and production costs are projected to stifle the market’s growth.
• The worldwide cosmetic market, worth more than EUR 220 billion, expanded by more than 5%, increasing online sales by 25%. This expansion is primarily fueled by the Asia-Pacific region’s vast diversity of customer desires and the industry’s ongoing advancements. Cosmetics, particularly luxury goods, are in high demand throughout Asia-Pacific. Over half of the skincare market was accounted for by the area.
• With a population growth rate of around 1.05% per year, the global food service sector will be valued at 3.5 trillion US dollars, leading to high consumption of microcrystalline cellulose from the food service sector.
• Demand in the U.S. market is expected to rise at a 5% CAGR during the assessment period. North American demand is expected to account for 26% of the total market share in 2022. The growing preference for plant-based ingredients in personal care and cosmetics in the United States is expected to fuel market growth in the coming years.
• The Microcrystalline Cellulose market is fragmented, with only a few big competitors controlling most of the market. DuPont, Chemfield Cellulose, Accent Microcell, Sigachi Industries Limited, and DFE Pharma are only some of the market’s leading players.

Market Dynamics

Growth Driver: The Microcrystalline Cellulose Market is primarily driven by the global increase in processed food consumption. The Utilize of Microcrystalline Cellulose as an ingredient has Bolstring due to the rise in processed food consumption, boosting the market growth. Furthermore, it functions as a diluent and a binding agent in medicinal formulations. It is widely utilized in medicine formulations such as pills, capsules, and sachets. The global Microcrystalline Cellulose market is being propelled even more by the expanding manufacture of pharmaceutical products.

Market Opportunity: Wood pulp is employed to do Microcrystalline Cellulose. The expense of making Microcrystalline Cellulose from wood is high. Bio-Based sources are mostly agricultural waste, producing little or less environmental impact than wood-sourced Microcrystalline Cellulose. Microcrystalline Cellulose is being made from Bio-Based sources using new manufacturing techniques. Bio-Based sources are also less expensive than wood ones.

As a result, Bio-based Microcrystalline Cellulose has a shorter overall production cost, resulting in a lower-end product. Reduced Microcrystalline Cellulose prices are likely to increase applications or higher volume use in many segments, boosting the worldwide growth of the microcrystalline cellulose market.

Market Trend: Several vital players invest a fair share of their revenue in research and development to boost their product portfolio, with market participants focusing on technological development and utilizing a product in several applications. For instance, Currently, wood pulp is used to make. The expense of making  Microcrystalline Cellulose from wood is high. Bio-Based sources are mostly agricultural waste, producing little or less environmental impact than wood-sourced Microcrystalline Cellulose.

Cellulose has a lower overall production cost, resulting in a lower end-product. Reduced Microcrystalline Cellulose prices are likely to increase applications or higher volume use in many segments, boosting the worldwide growth of the microcrystalline cellulose market.

Regional Analysis

Is Asia-Pacific going to lead the market during the next 8 years period?

The Asia-Pacific region will likely lead the market with a 35% share in 2021. Microcrystalline cellulose demand in this area is expected to be driven by increased demand from the pharmaceutical and cosmetics sectors in China and India. The market in Asia-Pacific is expected to grow relatively faster in revenue in the coming years.

The Asia-Pacific region is home to the world’s largest producers of microcrystalline cellulose. Sigachi Industries Pvt. Ltd, Huzhou City Linghu Xinwang Chemical Co. Ltd, DuPont, Asahi Kasei Corporation, and J. Rettenmaier & Sohne GmbH + Co. KG is among the leading manufacturers of microcrystalline cellulose.

This expansion is driven primarily in the Asia-Pacific region by the infinite variety of consumer aspirations and industry innovations. The Asia-Pacific region has the highest demand for cosmetics, particularly luxury items. Over half of the skincare market was accounted for by the region.

Which country is expected to create the highest incremental dollar opportunity during the forecast period?

Over the forecast period, the Indian market is expected to grow at a healthy 6.8% CAGR creating the highest incremental dollar opportunity during the forecast period. Growth is attributed to the country’s increased production and consumption of processed food products and rising demand for personal care and cosmetic products.

MCC is an active ingredient used in both industries, expected to drive market demand. It is used as an anti-caking agent in many food and beverage products, including bakery and confectionery, dairy, and meat products. It is also used as a stabilizing and emulsifying agent in these products, boosting sales in the food and beverage industry.

Which Application segment is expected to create high demand during the forecast period?

The food and beverage industry is expected to continue to be the largest consumer of MCC during the assessment period. Manufacturers are attempting to diversify their applications in food and nutrition products by introducing innovative and ultra-fine variants, which is expected to boost market growth.

Which Material Type held the largest share in the Microcrystalline Cellulose Market?

Increasing R&D investments across the pharmaceutical industry would aid in drug formulation implementation. With its adaptation for industrial purposes, non-wood based microcrystalline cellulose is growing at a significant CAGR. The segment’s penetration would be driven by a decrease in wood supply combined with increased demand for pulp from emerging economies in Asia Pacific, Africa, and Latin America.

Competition Assessment

The market is moderately consolidated, with the top 5 players holding a significant share in the market. Key market players are investing in expanding their market footprint to remain competitive in the industry. Key players invest in acquisitions, mergers, new product development, and expansions. Key players are investing significantly to bolster their revenue growth by applying the MCC compound in various emerging application fields.

Some of the key developments that have taken place in the Micro Crystallin Cellulose market include:

• In July 2021, Pharmacel MCC 90, a silicified MCC variant, was launched by DFE Pharma, a global provider of pharmaceutical Excipient solutions. The new product is a synergistic solution for complex oral solid dosage formulations. It improves formulation robustness by increasing surface area, improving powder flow, and providing superior tablatibility.
• In October 2019, Rayonier Advanced Materials announced Cellulose Specialties Product Price Increases to partially offset continued inflationary pressures and maintain investment in its best-in-class, capital-intensive manufacturing capabilities to meet its customers’ high-quality product needs.

List of some of the key players present in the MCC Market:

• DowDuPont
• Rayonier Advanced Material
• FMC Corporation
• Asahi Kasei Chemicals Corporation
• Roquette
• DFE Pharma GmbH & Co.KG
• Accent Microcell Pvt. Ltd
• JRS PHARMA GmbH & Co. KG
• Sigachi Industries Pvt. Ltd
• Ming Tai Chemical Co. Ltd
• DFE Pharma
• Libraw Pharma
• Wei Ming Pharmaceutical Mfg Co. Ltd
• NB Entrepreneur
• Ankit Pulps and Boards Pvt. Ltd

Segments Covered in Report

By Source:

• Wood-based
• Non-wood based

By Process:

• Reactive Extrusion
• Enzyme-Mediated
• Steam Explosion
• Acid Hydrolysis

By Application:

• Pharmaceutical
  • Disintegrating Agents
  • Anti-Sticking Agents
  • Adsorbents
  • Capsule Diluents
  • Others
• Food & Beverage
• Cosmetics & Personal Care
• Paints & coatings
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Global Micro Crystallin Cellulose Market 2017-2030: Report Coverage and Highlights

• Assessment of the historical and current Micro Crystallin Cellulose market size (2017-2021, market projections (2022-2030), and its contribution to the parent market
• Key drivers and restraints impacting market growth
• Predictions on Critical Supply, Demand, and Technological trends and changes in consumer behavior
• Market Opportunity Analysis
• Value Chain Analysis (List of Manufacturers, Distributors, Average Margins, etc.)
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping, Benchmarking, and Advantage Analysis
• Market Share Analysis and Key Strategies Adopted by Top Players
• Key Product Innovations and Regulatory Climate
• Primary insights to understand what will shape the market growth over the next decade
• COVID-19 Impact on Microcrystalline Cellulose Market and How to Navigate
• Strategic Success Factors and Recommendations on Key Winning Strategies

• Report Includes

  Market Size Data

  • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
  • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
  • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
  • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
  • Incremental dollar opportunity generated in the forecast period would be indicated
  • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

  Market Background

  • Macroeconomic factors that impact the market developments
  • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
  • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
  • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
  • Trade analysis and analysis of key supply and demand hubs
  • Identification of hotbed opportunities existing in the market
  • Porter’s and PEST analysis to understand the business environment of the geography
  • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

  Pricing Analysis

  • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
  • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
  • Cost teardown analysis and key factors impacting pricing

  Value Chain Analysis

  • Country-wise list of raw material suppliers
    • Raw material price trends and buyers’ sentiment
    • Overview of Intelligent Sourcing Technique
    • Raw material procurement requirements
    • Vendor selection criteria
  • Country-wise list of product manufacturers
  • Country-wise list of distributors/traders
  • Country-wise list of end-users
    • End-Users/Customers consumption mapping
    • Key End-Users/Customers client list
  • Country-wise list of other key channel partners
  • Average profitability margins
  • Regional value chain dynamics

  Competition Analysis

  • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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