Microcrystalline Cellulose Market

The Global Microcrystalline Cellulose Market size was estimated to be US$ 900 million in 2019 and the expected CAGR through 2030 is 6.3%.

Expanding food & beverage processing industry, strong demand from pharmaceutical and cosmetics product manufacturing, and increasing investment in developing integrated cellulose manufacturing process are the prime forces influencing the growth of the global microcrystalline cellulose market. Microcrystalline cellulose is a partially depolymerized cellulose prepared by treating alpha-cellulose, derived from pulp of fibrous plants, with mineral acids.

The monocrystalline cellulose extends starches, controls ice crystal formation and stabilizes foams. It is widely used across food processing and pharmaceutical industries in ice cream, meringue, confections, whipped toppings and as a binder in cosmetics and pharmaceuticals. With the expansion of pharmaceutical industry across the globe to cater the increased demand for advanced drugs and improved formulations, the demand for microcrystalline cellulose has increased significantly during past decade.

However, high cost associated with manufacturing of microcrystalline cellulose, and increasing processes complexities is anticipated to hinder the growth of microcrystalline cellulose market. Another factor fueling the growth of microcrystalline cellulose market is expanding food & beverage industry owing to strong demand for packaged and processed food globally. Microcrystalline cellulose helps in keeping the packaged food products fresh by means of bulking, texturizing and anti-caking, thus is expected to witness prominent demand throughout the forecast period. The global microcrystalline cellulose market is expected to grow steadily during the forecast period.

Europe held the largest share of the global microcrystalline cellulose market in 2019 owing to strong demand from pharmaceutical industry. The demand for advanced drugs has increased significantly in the European countries due to expanding geriatric population and prevalence of infectious diseases, thereby fueling the demand for microcrystalline cellulose.

Asia Pacific contributed a prominent share to the global microcrystalline cellulose market in 2019 and is anticipated to be the most lucrative segment during the forecast period. Increasing investment in expansion of pharmaceutical and food & beverage industry across major countries in Asia Pacific is anticipated to fuel the growth of Asia Pacific microcrystalline cellulose market in coming years.

Microcrystalline Cellulose Market Share Analysis, by Geography (2022)

The report titled “Microcrystalline Cellulose Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global microcrystalline cellulose market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global microcrystalline cellulose market is segmented on the basis of type, applications, and geography. Based on type, the global microcrystalline cellulose market is segmented into wood based microcrystalline cellulose and non-wood based microcrystalline cellulose. Based on applications, the global microcrystalline cellulose market is segmented into food & beverages, pharmaceuticals,  personal care, and others. Based on geography, the global Microcrystalline Cellulose market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on microcrystalline cellulose. Further, market share of prominent companies in the global microcrystalline cellulose market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the microcrystalline cellulose companies.

The global microcrystalline cellulose market study would take into consideration the participants engaged throughout the supply chain of the market, along with their contribution. Product portfolio would focus on all the products under the microcrystalline cellulose business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global microcrystalline cellulose market.

Major players active in the global microcrystalline cellulose market include Accent Microcell Pvt. Ltd., Asahi Kasei Corporation, Avantor Performance Materials, Inc., BLANVER FARMOQUÍMICA LTDA, DFE Pharma GmbH & Co. KG, FMC Corporation, J. RETTENMAIER & SÖHNE GmbH + Co KG, JUKU ORCHEM PRIVATE LIMITED, Libraw Pharma MINGTAI CHEMICAL CO., LTD., and Sigachi Industrial Pvt. Ltd.