The Global Microcrystalline Cellulose (MCC) Market is experiencing robust growth and is expected to reach USD 12.81 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.1%.
Microcrystalline Cellulose Market Overview
The fine, odorless white substance known as microcrystalline cellulose (MMC) is collected from plants and used in a variety of industrial applications, including as an anti-cracking agent, fat substitute, absorption agent, emulsifier, texturizer, bulking agent, and most frequently in vitamin supplements. The markets for food and drink, medications, and cosmetics are the main uses for microcrystalline cellulose. Over 25% of the worldwide microcrystalline cellulose market is consumed by the food and beverage sector. To demonstrate its dedication to meeting the rapidly increasing demand, Asahi Kasei has finished building its second microcrystalline cellulose factory.
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Microcrystalline Cellulose Market Scope and Methodology:
The Microcrystalline Cellulose Market Report uses a wide research technique and scope to give readers a thorough understanding of the Microcrystalline Cellulose market’s environment, trends, and growth-promoting factors. A wide range of topics are covered in this report, such as the size of the market, its main drivers, opportunities, difficulties, and a competitive analysis. A comprehensive research methodology involving primary and secondary research techniques along with strong data analysis is used in the study to provide insights into the present Microcrystalline Cellulose market scenario and future estimates.
Key Market Drivers and Growth Prospects
Microcrystalline cellulose (MMC) is a plant-derived ingredient that plays a vital role across multiple sectors. In pharmaceuticals, MCC serves as an active ingredient and a stabilizer for tablet and capsule formulations. The food and beverage industry has also witnessed significant use of MCC as an anti-caking, fat replacer, and stabilizer in dairy products and frozen desserts. The market is expected to be further bolstered by the rising consumer preference for plant-based and sustainable products.
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Microcrystalline Cellulose Market Regional Insights
The European market is predicted to witness the highest CAGR during the forecast period, with demand for non-wood-based MCC driving growth. In North America, the market continues to be a strong player, with the USA maintaining dominance, largely due to its well-established food and beverage sector. Asia-Pacific, led by China and India, is expected to see fast-paced growth, with India positioning itself as a key player in the pharmaceutical industry. Countries like Vietnam and Thailand are also emerging as strong contenders, owing to their increasing manufacturing capacities and growing pharmaceutical exports.
Key Mergers and Acquisitions
The microcrystalline cellulose market is witnessing several strategic mergers and acquisitions that are shaping its future:
Sigachi Industries is leading the global market with a revenue of USD 655.9 million in 2021. The company is diversifying into the production of Croscarmellose Sodium (CCS), a modified sodium carboxymethyl cellulose used in pharmaceuticals. Sigachi is actively scouting acquisitions of API manufacturing units to expand its market reach.
Asahi Kasei Corporation, a global player in the MCC space, has recently completed the construction of its second plant for microcrystalline cellulose. This move underlines the company’s commitment to meeting the growing demand for MCC across various industries.
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Microcrystalline Cellulose Market Segmentation
by Type
Power
Gels & Creams
by Source
Wood Based
Non-Wood Based
Depending on the type of source: The wood-based and non-wood-based kinds of microcrystalline cellulose are separated by source. Compared to the non-wood type, the wood-based type is more expensive. The non-wood variety is a biodegradable wood basis made from agricultural waste, which has a smaller environmental effect. Therefore, the total cost of manufacturing and production for non-wood microcrystalline cellulose is lower. Growing consumer awareness of eco-friendly and biodegradable products opens up new markets for non-wood MCC, which is expected to hold a significant portion of the market throughout the forecast period.
by Drying process
Bulk Drying
Spray Drying
by Extraction Type
Acid Hydrolysis
Enzymatic Hydrolysis
Microbial Hydrolysis
by Application
Pharmaceutical
Food & Beverage
Cosmetics & Personal care
Other
Based on Application: The segment is separated into four categories: personal care, cosmetics, pharmaceuticals, and food and beverage. In 2021, the pharmaceutical and food and beverage segments accounted for 45% of the Microcrystalline Cellulose Market, and this share is expected to continue to expand over the course of the forecast period. Additionally, the wide range of applications in the food and beverage sector and the low compaction of replacement items contribute to the market’s expansion and present new prospects.
Microcrystalline Cellulose Market Key Players
1. Accent microcell Pvt. Ltd.
2. Ankit pulps and boards Pvt. Ltd.
3. Asahi Kasei Corporation.
4. Avantor Inc.
5. Borregaard Asa.
6. Chemfield cellulose Pvt. Ltd.
7. Fengchen Group Co. Ltd.
8. DowDupont
9. Gujarat Microwax Ltd.
10. Sigachi Industrial Pvt. Ltd.
11. Ming Tai Chemical Co. Ltd.
12. Foodchem International Corporation.
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Key questions answered in the Microcrystalline Cellulose Market are:
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