Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Microcrystalline Cellulose Market Size Expected to Grow from USD 1,095.54 Million in 2023 to USD 2,010.14 Million by 2033, at a CAGR of 6.26% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Microcrystalline Cellulose Market Size, Share, and COVID-19 Impact Analysis, By Raw Material (Wood-Based and Non-Wood Based), By Applications (Pharmaceutical, Food and Beverage, and Personal Care & Cosmetics), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Alpha-cellulose is reacted with mineral acids to eliminate impurities and partially depolymerize the cellulose, resulting in microcrystalline cellulose (MCC). About 10% of the material has particles that are 5 m or smaller, and the polymerization temperature is usually lower than 400 degrees. MCC has no taste or smell and is a white, crystalline powder composed of porous particles. Additionally, MCC is used by pharmaceutical companies as a stabilizing agent, binding agent, film-forming agent, suspending agent, and disintegrant in tablet formulations, ointments, and other topical treatment bases. An essential and common excipient in the pharmaceutical sector is MCC. In medicinal formulations, it is a crucial solvent and binder. The growing pharmaceutical industry is another element driving the global MCC market. It is essential to many pharmaceutical formulations, such as tablets, capsules, sachets, and more. It is projected that quickly emerging economies such as China, Brazil, and India would see an increase in demand for MCC. However, the demand for guar gum may be somewhat suppressed by the high market prices currently in place. Long-term expansion of the MCC market will be negatively impacted if guar gum prices decline.
The non-wood based segment is expected to hold the largest share of the global microcrystalline cellulose market during the projected timeframe.
Based on raw material, the global microcrystalline cellulose market is categorized as wood-based and non-wood based. Among these, the non-wood based segment is expected to hold the largest share of the global microcrystalline cellulose market during the projected timeframe. Manufacturing MCC using materials other than wood is becoming more and more prevalent. Many non-wood alternatives are being researched, and MCC production techniques are being created.
The pharmaceutical segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the applications, the global microcrystalline cellulose market is categorized as pharmaceutical, food and beverage, and personal care & cosmetics. Among these, the pharmaceutical segment is expected to grow at the fastest CAGR during the projected timeframe. There are numerous dosage forms that are starting to use MCC, such as topical products, digestible and bubbly pills, sustained-release multiparticulates and matrix pills, immediate-release tabs and fluids, and effervescent tablets. As a result, the pharmaceutical sector has grown at the largest proportion.
Europe is projected to hold the largest share of the global microcrystalline cellulose market over the forecast period.
Europe is projected to hold the largest share of the global microcrystalline cellulose market over the forecast period. Europe is spending more on research and development, clinical trials, drug development, and pharmaceutical corporations' relentless attempts to give patients access to state-of-the-art medications. Due to the growing economy and increasing employment rate, the processed food industry and consequently the MCC market is flourishing. Growing health consciousness among consumers has led to an increase in the demand for nutrient-dense foods. With the expansion of the pharmaceutical sector and the vast production of pharmaceutical products, MCC is becoming a more significant business.
Asia-Pacific is expected to grow at the fastest CAGR growth of the global microcrystalline cellulose market during the forecast period. The low cost of labor and raw materials, particularly in developing nations like China and India, has contributed to the growth of the microcrystalline cellulose market. The growing popularity of packaged, processed, ready-to-eat, and ready-to-cook foods as a result of changing consumption habits, active lifestyles, and rising levels of personal disposable income is the reason for the increased demand for MCC.
Competitive Analysis
Major vendors in the global microcrystalline cellulose market are DuPont de Nemours, Inc., Asahi Kasei Corporation, DFE Pharma, J. RETTENMAIER & SÖHNE GmbH + Co KG, Accent Microcell Pvt. Ltd., Foodchem International Corporation, Mingtai Chemical Co., Ltd, Sigachi Industries Pvt. Ltd., Chemfield Cellulose, NB Entrepreneur, Anhui Sunhere Pharmaceutical Excipients Co., Ltd., Roquette Frères S.A., Libraw Pharma, and Others.
Key Target Audience
Key Market Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global microcrystalline cellulose market based on the below-mentioned segments:
Global Microcrystalline Cellulose Market, By Raw Material
Global Microcrystalline Cellulose Market, By Applications
Global Microcrystalline Cellulose Market, By Regional
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