Microcrystalline Cellulose Market Current & Future Trends, Leading Players, Industry Segments, Regional Forecast By 2028

The outlook for global microcrystalline cellulose market is expected to remain positive with increased industrial application in a host of end-use industries, specifically food and beverages industry given the shifting consumer preference towards healthy and fibrous food.

The global demand for microcrystalline cellulose (MCC), as per a recently concluded market study by Future Market Insights (FMI), is projected to grow at a moderate rate of 4.5 percent, in 2019. The global volume sales of microcrystalline cellulose is projected to reach approximately 139,899 tons in 2019, generating a revenue of approximately US$ 537.7 Million, during the same period.

Request a sample to obtain authentic analysis and comprehensive market insights @

https://www.futuremarketinsights.com/reports/sample/rep-gb-1017

Segmental Analysis Insights

By Application: Substantial Microcrystalline Cellulose Demand Recorded in F&B Industry

• Given its non-toxicity, 99+% dietary fiber and some salts, and most of all biodegradability, pharmaceutical remains the top most application of microcrystalline cellulose—used as a tableting agent. In addition, chemical purity, low reactivity, better disintegrating property, and greater flowability makes microcrystalline cellulose the primary binder in oral suspensions, sprays, and lotions apart from oral tablets and capsule formulations. In terms of application, the pharmaceutical segment dominated the global microcrystalline cellulose demand with about 40 percent market share, by 2022-end.
• However, in the coming years, the demand in food and beverages industry is expected to grow multifold, considering regulatory authorities’ nod to microcrystalline cellulose as an approved food ingredient. The food & beverages segment is estimated to witness robust growth gaining a substantial market share—primarily driven by increasing acceptance of microcrystalline cellulose as bulking and anticaking agent in products such as soups, sauces, and drinks. In addition, microcrystalline cellulose also acts as a as a fat alternative, minus any calorific value. Apart from the Food and Drug Administration, the European Union too has approved microcrystalline cellulose as a thickener, stabilizer or emulsifier under the E-number E460(i) regulation.
• The cosmetics and personal care industry is expected to witness significant demand for microcrystalline cellulose in the coming years, considering its superior absorption capacity with low bulk quality. Moreover, application of microcrystalline cellulose as an alternative to synthetic gels or polymers will drive the product demand.

Ask Us Your Questions About This Report @

https://www.futuremarketinsights.com/ask-question/rep-gb-1017 

 By Material Type: Wood-Based Microcrystalline Cellulose to Remain Dominant

• Wood-based microcrystalline cellulose is projected to hold a lion’s share, with over 90 percent market share, considering wood remains the most preferred raw material for microcrystalline cellulose production, creating further lucrative opportunities for the manufacturers.
• Although a very miniscule market share, non-wood based microcrystalline cellulose is expected to witness robust growth in the coming years, giving the increasing demand for environmental-friendly and cost-effective processing methods for non-wood based raw materials. However, higher processing cost and lower quality of the final product, will limit the demand for non-wood based microcrystalline cellulose, as per FMI report.
• “Raw materials make up the highest cost in the production of microcrystalline cellulose. These include fibrous materials such as wood pulp, cotton, and mineral acids—account for up to 65 percent of the total product cost. Energy and power account for only 8 percent to 12 percent of the overall production cost. The manufacturers’ margins can rise to more than 15 percent to 20 percent”, explains a senior analyst, while giving the cost-teardown analysis.

Regionally, China Exhibits Significant Demand for Microcrystalline Cellulose

• Expanding urban landscape coupled with steady growth of the pharmaceuticals industry, will push China and India to the fore, while both the regions collectively accounting for more than one-fourth of the market share by 2028-end. Moreover, changing dietary trends (growing inclination towards protein-rich diet) will further fuel microcrystalline cellulose demand in APAC.
• Market for microcrystalline cellulose in India is expected double in terms of value between 2022 and 2028, with an increase in demand in food and beverages industry.
• Western Europe and North America are projected to remain relatively mature markets, exhibiting growth rates of 4.5 percent and 3.2 percent, respectively.
• Latin America microcrystalline cellulose market lies in the high growth low valued region and is expected to follow the same trend, through 2028.

To remain ‘ahead’ of your competitors, get customized report@

https://www.futuremarketinsights.com/customization-available/rep-gb-1017

The global microcrystalline cellulose market showcases a moderately fragmented landscape, with tier-1 companies including DowDupont Inc., and Asahi Kasei Corporation showing dominance over approximately 45-50 percent market share. The local, tier-3 manufacturers of microcrystalline cellulose such as Mingtai Chemical Co., Ltd., Accent Microcell Pvt. Ltd, and Sigachi Industries Pvt. Ltd account to nearly 30-35 percent market share, having a relatively stronger hold on the regional geographies, compared to tier-2 manufactures—holding about 10-15 percent market share.

• Key players and research institutions are focusing on improving the quality of the final product using environmental-friendly solvents.
• Market participants are also investing production capacity expansion to meet the growing demand, amidst market consolidation efforts in the global microcrystalline cellulose landscape.
• Players are also focusing on feasibility study and development of distribution networks and efficient supply chains in the microcrystalline cellulose market.

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Fracking Fluids And Chemicals Market: Fracking fluids and chemicals are a cluster of chemicals used in hydraulic fracturing. Hydraulic fracturing is a breaking process of underground rock carried out by injecting fluid along with sand and additives at high pressure to release natural gas and oil. 

Octreotide Market: Octreotide basically lowers the variety of hormone such as insulin, glucagon, growth hormone and others, Octreotide reduces chemical messengers such as gastrin, vasoactive intestinal peptide that cause disease symptoms.

Soy-Based Chemicals Market: The chemicals derived from soybean are a reliable alternative to traditional petroleum and crude derived chemicals and ensure sustainability and reduced carbon footprints.

Polyetheramine Market: Polyetheramines are typically the curing agents which contain polyether and amine moieties, are majorly used to increase toughness, flexibility, hydrophobicity or hydrophilicity of the end-products.

Butyl Elastomers Market: Butyl elastomer, commonly known as butyl rubber, is basically a synthetic rubber produced by co-polymerization of isobutylene with isoprene. Butyl rubber possesses several superior physical and chemical characteristics which makes it extremely useful across various industries.

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

Unit No: 1602-006 
Jumeirah Bay 2 
Plot No: JLT-PH2-X2A 
Jumeirah Lakes Towers 
Dubai 
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

© Scoop Media