Microcrystalline Cellulose Market Research Size, Share, Report, Analysis, Trends & Forecast to 2023

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Microcrystalline Cellulose Market Research
Report- Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Microcrystalline Cellulose Market - 2023
Global Microcrystalline Cellulose
Market By Raw Material (Wood And Non-Wood),
End-Use Industry (Pharmaceuticals, Food
Beverage, Cosmetic Personal Care, And Others),
And Region Microcrystalline Cellulose Market
Overview Microcrystalline cellulose is
naturally occurring-partially depolymerized
cellulose, obtained from wood pulp with mineral
acids. It is also synthesized by microbial
organisms such as fungi, bacteria, algae, and
also marine animals. It is primarily used as an
emulsifier, texturizer and as an anti-caking
agent. It is an excellent extender used in
pharmaceuticals and personal care products. High
adoption of microcrystalline cellulose as a
bulking agent and fat substitute in food
production is also positively driving the market.
Being a cellulose derivative and chemically
inert, it is not degraded during digestion and
has no significant absorption, which makes it
suitable for pharmaceuticals, commonly in vitamin
supplements, pellets, and tablets. The GRAS
committee has identified it as safe when taken in
normal quantities. However, higher consumption
may lead to bowel movement and purgative
effect. The pharmaceutical is the leading
industry with a maximum consumption of
microcrystalline cellulose. The steady growth of
the pharmaceuticals in developed economies such
as Italy, Germany, and France is another driver
of the market. Its application as an excipient in
most of the pharmaceutical formulations is a
propelling factor for the market. The increasing
geriatric population coupled with other factors
need a constant advancement in the
pharmaceuticals, which, in turn, raises the
demand for microcrystalline cellulose. Rapid
growth in the food beverage industry and
increasing demand for low-fat processed food is
expected to favor the market growth during the
forecast period. The rising demand for the
low-fat packaged food products in developing
economies due to the globalization and
health-conscious consumers has fuelled the market
growth. Packaged and processed food products need
to be kept fresh for a longer period, for which
the bulking, texturizing, and the anti-caking
agents are required. These properties of
microcrystalline cellulose are the key drivers of
the market growth.
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Microcrystalline Cellulose Market - 2023
Regional Analysis The microcrystalline cellulose
market is segmented into five major regions
North America, Europe, Asia Pacific, Latin
America, and the Middle East Africa. North
America is dominating the global market owing to
the technological developments in the food and
pharmaceuticals sector in this region. The U.S
accounts for a major market share in terms of
revenue followed by Canada and is the major
manufacturer of the product. The U.S.
Pharmacopeial Convention has esteemed
microcrystalline cellulose as an excipient, which
has boosted the pharmaceuticals and surged the
market growth. The rising demand for low-fat
processed food by health-conscious consumers is
likely to favor the market growth during the
forecast period. The growing cosmetic and
personal care industries in the European
countries are the major drivers of the market.
Countries such as Germany, U.K, France, and Italy
are the major contributor owing to the largest
markets for cosmetics and personal care products.
The Asia Pacific is likely to emerge as the
fastest growing market in the coming years. The
availability of low-cost raw materials and labor,
specifically in China, have favored the market
growth. Improving medical support and easy
availability of pharmaceuticals in Latin America
and Africa are expected to boost the market
growth in the coming future. Rapid civilization
in countries such as Mexico, South Korea,
Thailand, and Brazil is expected to propel the
market growth due to the growing demand for
packaged food in these regions. Segmentation The
global microcrystalline cellulose market is
segmented on the basis of raw material, end-user,
and region. Based on the raw material, the
global market is segregated into wood and
non-wood. The non-wood based microcrystalline
cellulose is likely to grow during the forecast
period. On the basis of the end-user, the market
is divided into pharmaceuticals, food beverage,
cosmetics personal care, and others. The
market is segmented into North America, Asia
Pacific, Europe, Latin America, and the Middle
East Africa geographically.
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Microcrystalline Cellulose Market - 2023
Key Players Some of the key players in the global
microcrystalline cellulose are FMC Corporation
(the U.S), Mingtai Chemical Co. Ltd. (Canada),
Dupont (the U.S.), Blanver (Brazil), JRS PHARMA
(the U.S.), Avantor (the U.S.), Mitsubishi
Chemical Corporation (Japan), Asahi Kasei
Corporation (Japan), FrieslandCampina (the
Netherlands), Accent Microcell Pvt. Ltd (India),
DFE Pharma (Germany), Sigachi Industries Pvt.
Ltd. (India), Libraw Pharma (India), Huzhou City
Linghu Xinwang Chemical Co., Ltd (China), and
Shandong Xinda Biotechnology Co., Ltd
(China). Intended Audience Microcrystalline
cellulose Manufacturers Traders and distributors
of microcrystalline cellulose Research and
development institutes Potential investors Raw
material suppliers Nationalized laboratory
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