Microcrystalline cellulose (MCC) is a versatile ingredient used in various industries including pharmaceuticals, food, cosmetics, and others. MCC is derived from wood pulp and is primarily used as a bulking agent, binder, and disintegrant in the production of tablets, capsules, and other forms of solid dosage forms. MCC is also used as an anti-caking agent and texturizer in the food industry.
The global microcrystalline cellulose market is is projected to grow from USD 1.2 Billion in 2022 to USD 1.85 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.78% during the forecast period (2022 - 2030). The increasing demand for MCC in the pharmaceutical industry is one of the major drivers of market growth. MCC is used in the production of tablets, capsules, and other solid dosage forms due to its excellent binding and disintegrating properties. The growing demand for generic drugs and the increasing focus on preventive healthcare are also expected to boost the demand for MCC.
The food industry is another major consumer of MCC. MCC is used as an anti-caking agent and texturizer in food products such as powdered drink mixes, grated cheese, and seasoning blends. The increasing demand for convenience foods and the growing trend of clean label products are expected to drive the demand for MCC in the food industry.
Regional analysis
The Asia Pacific region is expected to dominate the microcrystalline cellulose market due to the presence of a large pharmaceutical industry and a growing food industry in the region. China and India are the major consumers of MCC in the Asia Pacific region. The North American and European regions are also expected to witness significant growth in the MCC market due to the increasing demand for MCC in the pharmaceutical and food industries.
However, the availability of substitutes such as starch, lactose, and other cellulose derivatives may hinder the growth of the microcrystalline cellulose market. The fluctuation in the price of raw materials such as wood pulp may also affect the growth of the market.
In conclusion, the microcrystalline cellulose market is expected to grow at a significant rate in the coming years due to the increasing demand for MCC in the pharmaceutical and food industries. The market players are focusing on expanding their product portfolio and geographical presence to cater to the growing demand for MCC.
Key Players
MRFR recognizes the following companies as the Key Players in the Global Microcrystalline Cellulose Market— DuPont, Asahi Kasei Corporation, JRS Pharma, and Roquette Frères, Mingtai Chemical Co., Ltd., Accent Microcell Pvt. Ltd., JRS Pharma, Pharmatrans-Sanaq AG, DFE Pharma, Weiming Pharmaceutical MFG. Co., Ltd and Sigachi Industries Pvt. Ltd.
Market Research Futures (MRFR) is a global market research firm that prides itself on providing complete and accurate analysis of various markets and consumers around the world. MRFR’s approach combines proprietary information with a variety of data sources to provide clients with a broader understanding of the latest significant developments, anticipated events, and actions taken in response.
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