Microcrystalline Cellulose Market Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

In the food, pharmaceutical, cosmetic, and polymer composite industries, microcrystalline cellulose, a refined form of wood pulp, is widely used. This is due to its biocompatibility, high surface area, and nontoxicity, as well as renewability and biodegradability of its mechanical properties. It serves as an emulsifier, stabiliser, anti-caking agent, texture modifier, stabiliser, fat substitute, and suspending agent in processed food products.

Microcrystalline Cellulose Market
One of the main drivers of the growth of the global microcrystalline cellulose market is the expanding use of microcrystalline cellulose in numerous industries. For instance, microcrystalline cellulose is utilised in beverages as a stabilising, gelling, suspending, and anti-caking agent. In order to extend the shelf life of frozen food, ice cream, and canned meat, it is also used as a cold and hot stabiliser. Due to its tastelessness, odorlessness, and chemical inertness qualities, MCC (Microcrystalline Cellulose) is also widely used in pharmaceuticals.

Microcrystalline Cellulose Market Was Valued At US$ 1,029.2 Million In 2021 In Terms Of Revenue, Exhibiting A CAGR Of 6.7% During The Forecast Period (2022 To 2030).

The International Trade Administration predicts that the global pharmaceutical market will increase from approximately US$ 1.22 trillion in 2021 to US$ 1.42 trillion by 2021. Over the course of the forecast period, the microcrystalline cellulose market is anticipated to grow with the help of the pharmaceutical industry's steady expansion. With a market share of 30.47% in 2021, North America led all other regions in terms of revenue in the global microcrystalline cellulose market. This can be attributed to the steadily expanding food and pharmaceutical industries, as microcrystalline cellulose is widely used as a functional ingredient in foods and beverages and is in high demand in pharmaceuticals.

In addition, rising demand for low-fat food due to an increase in the number of obese people in the region is a factor anticipated to support market growth over the forecast period. This is due to MCC's growing use in sauces, dairy products, salad dressings, and frozen desserts as a cellulose-based fat substitute.

Microcrystalline Cellulose Market Segmentations-

·        By Source Type: Wood Based, Non-wood Based

·        By End-use Industry: Pharmaceutical, Food & Beverages, Cosmetics & Personal Care, Others

Microcrystalline cellulose applications are not universally regulated, which is anticipated to impede market expansion during the forecast period. The laws governing the use and applications of microcrystalline cellulose differ in every nation. Key players find it challenging to comply with such national regulations, which deters investment in the Microcrystalline Cellulose sector and restrains market expansion.

It is anticipated that growing demand from a variety of industries, including personal care & cosmetics, paints & coatings, and pharmaceuticals, will continue to drive market expansion. Applications in the food & beverage industry are being driven by a rise in demand for processed foods like ready-to-eat meals and bakery goods. Additionally, the market is being stimulated by consumers' shifting preferences for products made with plant-based ingredients in personal care and cosmetics.

Top Companies involved are- Huzhou City Linghu Xinwang Chemical Co., Ltd., Rayonier Advanced Materials, DFE Pharma, Mingtai Chemical Co., Ltd, JRS Pharma, Asahi Kasei Corporation, Dupont, Avantor Inc., Sigachi Industries Pvt. Ltd, Foodchem International Corporation, Quadra Chemicals

 

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