Microcrystalline Cellulose Market, By Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care), By Source (wood-based and non-wood based), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI91519 | Publish Date: April 2024 | No. of Pages: 180

Global Microcrystalline Cellulose Market By Overview

Introduction:

Microcrystalline Cellulose Market was valued at US$ 1.3 billion in 2024 and is projected to grow at a CAGR of 7.1% to reach US$ 2.4 billion by 2034.

Microcrystalline cellulose (MCC) is a very useful substance which is produced from plants, and has exceptional chemical properties that make it suitable for use in a variety of industrial purposes, such as a thickening agent, absorbing substance, filler, anti-cracking agent, fat substitute, and as a binder. This refined wood pulp called microcrystalline cellulose (MCC) finds application in a number of industries, including food, cosmetics, and medicinal fields. It is a naturally occurring polymer made up of 1-4 beta glycosidic bonds joining glucose units.

The process for producing MCC involves purifying, drying, and partially hydrolyzing high-purity wood cellulose and other fibrous plant material. Reactive extrusion, steam explosion, acid hydrolysis, and enzyme-mediated synthesis are further commercially available methods for its production. It serves as additional suspending agent and stabilizer in various industries.

In the food industry, MCC is used as a bulking agent, emulsifier, fat substitute, anti-caking substance, and as an agent to improve texture of different substances. MCC also has a variety of uses as an additive in the drug industry. For instance, it is used in pharmaceutical sector for additional medication and nutrition release, it is added to tablets, oral fluids, medicinal gels, chewable and mouth-dispersing tablets, and other nutritional supplements. As a result, it is mostly employed in the food and beverage, and healthcare sectors. MCC is also a suitable fit as a component in the production of many different products, including paints and coatings, rubber, dye absorbers, cosmetics and personal care items, etc. because of its notable functional qualities.

Introduction - Microcrystalline Cellulose Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Microcrystalline Cellulose Market By Dynamics

Microcrystalline Cellulose Market Key Drivers:

Growing Pharmaceutical Sector

  • MCC is used as a stabilizer, binder, film-forming agent, and suspension agent that is added by the pharmaceutical industry to capsule compositions, medications, and other topical treatment preparations. In the pharmaceutical field, MCC is an essential and widely used additive. In pharmacological formulations, it serves as a solvent and binder and is indispensable. The need for MCC is increasing by the growing need for medicines due to factors like, an aging population, an increase in the frequency of chronic illnesses, and changes in drug delivery technologies.

Higher Requirement in Food and Beverages industry

  • Microcrystalline cellulose acts as a multipurpose component, and is therefore used in a wide range of food and beverage products. Due to its special qualities, which include its capacity to thicken, bind, stabilize, and enhance substance, it is a crucial resource for producers looking to improve efficiency and who look forward to cater to client requirements. Additionally, consumers are choosing healthier foods as a result of growing health and nutritional consciousness. As a result, companies are able to meet this need of customers as MCC may improve functioning while lowering sugar and calorie content of products.

Microcrystalline Cellulose Market Restrains:

Substitutes for Different Food and Medicinal Products

  • Although MCC has several novel properties which are useful for the industry, there are other substances which occasionally serve to have comparable purposes, therefore undermining MCC's superiority in the sector. Many novel ingredients for medications that can perform comparable tasks to MCC in a solid medication formulation are making their way onto the pharmaceutical sector's industry. The need for MCC from these industries in the upcoming years may be impacted by these developments in the final-user sector.

Environmental issues

  • Considerations about sustainability are raised by the effects of MCC manufacturing and usage on the environment, notably with regard to energy use, rise in trash production, and deforestation. As it needs a large amount of tree wood, which is produced by clearing natural resources like forests, it may impact the market growth as it would lead to numerous ecological issues and regulatory constraints which are associated with this technique. Therefore, various materials including cotton crops, bamboo farming, corn, banana, and soybean crops, etc., are replacing the wood-based manufacturing of MCC.

Microcrystalline Cellulose Market Opportunities:

  • Through the implementation of eco-friendly manufacturing procedures, the promotion of recycling and waste valorization, and the sourcing of raw materials from certified sustainable forestry methods, MCC manufacturers can investigate potential to promote environmental sustainability during the item's duration. Also, compared to MCC derived from trees, MCC made from non-wood sources, such as agricultural waste, has a minimal environmental imprint. And therefore, researchers are creating novel methods of manufacturing to create MCC from non-wood components.

Global Microcrystalline Cellulose Market By Segmentation

Microcrystalline Cellulose Market is segmented based on Application, Source and Region.

Application Insights

  • Food & Beverage: Food & Beverage industry is the fastest growing segment in this sector. As MCC can reproduce the creamy, silky texture of fat and improves the feel and texture in low-fat and gluten-free items, it is becoming quite popular in this field. Customers are looking for products that are low in fat or gluten and that have particular features. By providing practical advantages without sacrificing flavor or texture, MCC satisfies this need.
  • Pharmaceutical: Pharmaceutical industry is anticipated to dominate and expand throughout the course of the forecast period. MCC is now being utilized in a variety of methods of administration of drugs, such as chewable and effervescent pills, topical compositions, sustained-release multiparticulates and matrix tablets, and immediate-release tablets and liquids. Microcrystalline cellulose therefore plays a crucial role as a pharmaceutical excipient and API which is widely used in the drug industry.
  • Cosmetics & Personal Care: Cosmetics & Personal Care industry is driven by increased customer preference for natural, functional, and environmentally friendly items. The Cosmetics & Personal Care category therefore constitutes a continually growing and prominent participant in the MCC market. MCC is used in this industry as an alternative to harsh chemicals, as using fine grades of MCC offer a mild exfoliation that removes dead skin cells and encourages skin growth.

Source Insights

  • Wood-based: The wood based sector is expected to dominate this segment type over the forecast period as wood is the most prevalent source of MCC. The advantages of using wood pulp as the primary source for production of MCC are its high level of purity, uniformity, and the availability of easily comprehended processing techniques. Also, because of its well-controlled pore structure and superior processing qualities, wood-based MCC is frequently employed in medicines as a bulking agent, and binder. In smaller amounts, it is also used in cosmetics and personal care products, as well as in food and beverages industry as a texturizer and stabilizer.
  • Non-Wood based: The non-wood-based sector is anticipated to expand throughout the course of the projected period. The manufacturing methods for MCC using elements other than wood is getting more common. Many non-wood alternatives are being researched, and such MCC manufacturing methods are being created. MCC can be produced without promoting deforestation and related environmental problems by using non-wood sources such as cotton linter, citrus peels, and agricultural waste. Also, because of the high cost of lumber, MCC created from wood is more expensive than MCC made from other sources. Therefore, these reasons are driving the growth of this segment in the market.

Regional Insights:

Regional Insights - Microcrystalline Cellulose Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Microcrystalline Cellulose Market Regional Insights

  • North America has a large and well-established MCC market, where it is mostly used by the food and beverage, personal care, and pharmaceutical sectors. The region's thriving pharmaceutical industry and strong R&D efforts drive the need for MCC in nutritional supplements and medication compositions.
  • Asia Pacific market is estimated to witness fastest revenue share over the projected period due to increasing prevalence of personal discretionary money, changing expenditure habits, and the spread of active lifestyles. Also, as a result of the food and beverage, personal care, and pharmaceutical industries' explosive growth, this region is emerging as a major growth area for the MCC market.
  • Europe market is estimated to witness a significantly high revenue share over the forecast period owing to an increase in research and development expenditures, as well as those linked to drug discovery, clinical trials, and also due to pharmaceutical corporations' persistent attempts to supply patients with better medications, are increasing in the region. Also, because of the strengthening economy and increasing employment rate, the processed food industry is flourishing consequently leading to the growth of MCC market.
  • Latin America is an emerging region for MCC market and would experience steady growth due to increase in government schemes which are supporting the growth of the food and beverage and pharmaceutical businesses. Also, growing disposable incomes are driving up the cost of personal hygiene goods which is consequently propelling the market growth.
  • Middle East & Africa market is in its developmental stages and would be driven forward by rise in demand for functional foods, dietary supplements, and cosmetics, which is further propelled by increasing population density, changing lifestyles, and a greater emphasis on wellness.

Report Scope:

Attribute            

Details

Market Size 2024

US$ 1.3 billion

Projected Market Size 2034

US$ 2.4 billion

CAGR Growth Rate

7.1%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Application - Food & Beverage, Pharmaceutical, Cosmetics & Personal Care

By Source - Wood-based and Non-Wood based

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Microcrystalline Cellulose Market report based on Application, Source and Region:

Microcrystalline Cellulose Market, By Application:

  • Food & Beverage
  • Pharmaceutical
  • Cosmetics & Personal Care

Microcrystalline Cellulose Market, By Source:

  • Wood-based
  • Non-Wood based

Microcrystalline Cellulose Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Microcrystalline Cellulose Market By Key Players

The key players operating the Microcrystalline Cellulose Market includes, DowDuPont Inc., Asahi Kasei Chemicals Corporation, Roquette Frères S.A., Rayonier Advanced Materials Inc, DFE Pharma GmbH & Co.KG, JRS Pharma GmbH & Co. KG, Avantor Performance Materials Inc., Gujarat Microwax Limited, FMC Corporation, and Ming Tai Chemical Co. Ltd..

Global Microcrystalline Cellulose Market By Key Issues Addressed

Recent Development:

  • In January 2023, Asahi Kasei Corporation, a diverse global corporation based in Japan, finished the construction of its second plant for Ceolus microcrystalline cellulose (MCC) at its Mizushima works in Kurachas Okayama, Japan. The company demonstrated its commitment to meeting the significantly increasing demand for MCC with the construction of their new plant.
  • In December 2022, JRS PHARMA (J. RETTENMAIER & SÖHNE GmbH + Co KG), announced its plans to construct a new manufacturing facility in Cedar Rapids, Iowa. It would begin its construction in fall 2022. The plant is a two-story pre-cast building that will produce microcrystalline cellulose products and would start its operations in early 2024

Global Microcrystalline Cellulose Market By Company Profile

  • DowDuPont Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Asahi Kasei Chemicals Corporation
  • Roquette Frères S.A.
  • Rayonier Advanced Materials Inc
  • DFE Pharma GmbH & Co.KG
  • JRS Pharma GmbH & Co. KG
  • Avantor Performance Materials Inc.
  • Gujarat Microwax Limited
  • FMC Corporation
  • Ming Tai Chemical Co. Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Global Microcrystalline Cellulose Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Application
    • Market Snippet, By Source
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Food & Beverage
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Pharmaceutica
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cosmetics & Personal Care
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Source, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • wood-based
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • non-wood based
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • DowDuPont Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Asahi Kasei Chemicals Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Roquette Frères S.A.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rayonier Advanced Materials Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DFE Pharma GmbH & Co.KG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • JRS Pharma GmbH & Co. KG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Avantor Performance Materials Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gujarat Microwax Limited.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Microcrystalline Cellulose Market was valued at US$ 1306.5 Billion in 2024 and is projected to grow at a CAGR of 18.70% to reach US$ 6201.8 Billion by 2034.

The Microcrystalline Cellulose Market is segmented based on Source Type, Application and Region.

Factors driving the Industrial Microcrystalline Cellulose Market include its widespread application in pharmaceuticals, food and beverage, and cosmetics industries due to its inert properties and binding capabilities.

Recruitment Marketing in the Industrial Microcrystalline Cellulose Market faces challenges such as a specialized skill set requirement for manufacturing processes and limited awareness among potential candidates about opportunities in the microcrystalline cellulose industry.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The prominent players operating in the Microcrystalline Cellulose Market includes, Asahi Kasei Corporation, Rayonier Advanced Materials, Huzhou City Linghu Xinwang Chemical Co. Ltd., Dupont, Foodchem International Corporation, Maple Biotech Pvt. Ltd., Quadra Chemicals, Avantor Inc., Chemfield Cellulose, Accent Microcell Pvt. Ltd., DFE Pharma, and others.