Microcrystalline Cellulose Global Market Outlook 2023: By Top Competitors, Business Growth, Trend, Size, Raw Material, Segmentation, Revenue & Expansion Strategies: MRFR

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 is naturally occurring-partially depolymerized cellulose, obtained from wood pulp with mineral acids.

Pune, India - May 3, 2019 /MarketersMedia/ —

Microcrystalline Cellulose Market Segmentation:

Microcrystalline cellulose market is segmented as per the raw material, end-user, and region.
There are only two raw material sources available, namely wood based, and non-wood based. Out of these, the non-wood based raw material source is likely to dominate the market due to the excessive demand for synthetically produced and cheap products.

Based on end-user, the market is segmented into pharmaceuticals, food & beverage, cosmetic & personal care, and others.

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Competitive Analysis:

Some of the prominent players of the microcrystalline cellulose are FMC Corporation (the U.S), Mingtai Chemical Co. Ltd. (Canada), DFE Pharma (Germany), Dupont (the U.S.), Avantor (the U.S.), Mitsubishi Chemical Corporation (Japan), Asahi Kasei Corporation (Japan), Blanver (Brazil), JRS PHARMA (the U.S.), FrieslandCampina (the Netherlands), Accent Microcell Pvt. Ltd (India), Sigachi Industries Pvt. Ltd. (India), Libraw Pharma (India), Huzhou City Linghu Xinwang Chemical Co., Ltd (China) and Shandong Xinda Biotechnology Co., Ltd (China) among others.

Market Overview:

Microcrystalline cellulose is a partially depolymerized, naturally occurring cellulose form wood pulp. It has properties such as anti-caking, bulking, and texturizing that are majorly required for keeping processed food fresh. The unique properties such as powder porosity, moisture sorption, and swelling capacity. Being a chemically inert substance, it has very less absorption capacity and does not dissolute during digestion. Due to this reason, it is highly used in excipient production in pharmaceuticals and is the major driver of the global microcrystalline cellulose market. The other driver for the global market growth is it being a fat substitute, primarily used in low-fat processed food.

The increasing demand for pharmaceuticals with the growing population consumes a major quantity of microcrystalline cellulose followed by food and beverage industry. The global market growth is also driven by the cosmetic and personal care industry. The unique properties of extender, binder, and texturizer are extensively used in personal care products. The growing demand for personal care products with the concerned grooming and self-care population is expected to increase the market growth.

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.

Regional Analysis:

The global microcrystalline cellulose market is segmented into five key regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is the major contributor to the market growth due to the increasing food & beverage industries. The increasing number of pharmaceutical and food & beverage industries in this region in expected to fuel the market growth in near future. The regulatory association named the U.S Pharmacopeial Convention has identified microcrystalline cellulose as an excellent excipient, which has propelled the market growth. The U.S contributes significantly to the market share in terms of revenue followed by Canada. Europe is another substantial region contributing to the market growth owing to the pharmaceutical and cosmetic industries in this region. Asia Pacific is expected to hold a considerable share of the market in coming years. Countries such as China are concentrated to the production of microcrystalline cellulose due to the low raw material and labor cost. The U.S is the major producer of microcrystalline cellulose followed by China.

In Latin America & Africa, the growing medical support and availability of pharmaceutical at ease is expected to fuel the market growth during the forecast period. However, poor health and safety standards may hinder the market growth in this region.

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