Microcrystalline Cellulose Market Analysis by Raw Material Source (Wood-Based, and Non-Wood-Based); and by Application (Food & Beverage, Pharmaceutical, and Cosmetics & Personal Care) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 4614 | Published Date: Apr 13, 2023
The global microcrystalline cellulose market size is estimated to reach ~USD 1850 Million by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of microcrystalline cellulose was ~USD 920 Million. The growth of the market can be attributed to the increasing applications in the end-user industries as a binder, fillers, or disintegrants. Microcrystalline cellulose (MCC) is also used as an anti-cracking, emulsifying, fat replacer, and absorbing agent. The increasing use of MCC in pharmaceuticals is also estimated to boost market growth in the coming years. As per the estimations, a 20%-90% concentration of MCC is used in the manufacturing of tablet formulations in pharmaceutical industries.
The increasing utilization in the cosmetics sector and personal care products are estimated to fuel the market growth. The application of MCC in paints, detergents, coatings, and dye absorbents is estimated to boost the market growth. As per the reports, more than 860 million gallons of paint was consumed in the U.S. as of 2021. The growing research and development regarding the uses are expected to drive market growth. The ongoing clinical research on the inclusion of MCC in diabetic supplements is also estimated to drive market growth in the coming years. Also, the use of MCC in the place of carboxymethyl cellulose for the evaluation of viruses in the plaque assays is anticipated to hike the market growth in the coming years.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~6% |
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Base Year Market Size (2022) |
~ USD 920 Million |
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Forecast Year Market Size (2035) |
~ USD 1850 Million |
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Regional Scope |
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Growth Drivers
The percentage of American people in need of gluten-free food was over 28% as of 2019 owing to the presence of celiac disease or severe gluten allergy among them.
Challenges
The global microcrystalline cellulose market is segmented and analyzed for demand and supply by raw material source into wood-based, and non-wood-based. Out of these types, the non-wood-based segment is estimated to gain the largest market share of about ~58% in the year 2035. The growth of the segment can be attributed to the increasing use of non-wood-based sources which include cotton linters, oil palm fronds, oil palm biomass residue, corn cob, cotton fabric, ramie, jute, wheat straw, soybean hulls, and alfa fiber for the manufacturing of microcrystalline cellulose. The price of non-wood-based materials is also cheaper than wood-based materials and is estimated to drive market segment growth in the coming years. The increasing concern among people about the destruction of trees across the world is anticipated to propel market segment growth in the coming years. Also, the market segment growth is attributed to the increasing use of food and beverage products across the world. The value of the food and beverage industry in India as of 2023 was estimated to be over USD 960 billion according to the reports.
The global microcrystalline cellulose market is also segmented and analyzed for demand and supply by application into food & beverage, pharmaceutical, and cosmetics & personal care. Amongst these three segments, the pharmaceutical pharmacies segment is expected to garner a significant share of around ~36% in the year 2035. The growth of the market segment is attributed to the increasing use of MCC in the pharmaceutical sector for various purposes. The MCC is used in the pharmaceutical excipients as a binder, film-forming agent, disintegrant, and suspension agent, among other things. The growing number of chemical industries preparing excipients and formulations required for tablet preparation is estimated to propel the market segment growth in the coming years. The increasing number of diseases and the rising number of hospitals and pharmacies are also estimated to drive market segment growth in the coming years.
Our in-depth analysis of the global microcrystalline cellulose market includes the following segments:
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By Raw Material Source |
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By Application |
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The market share of microcrystalline cellulose in North America, amongst the market in all the other regions, is projected to be the largest with a share of about ~33% by the end of 2035. The growth of the market can be attributed majorly to the increasing investment from the prominent players of the market in drug development and research programs. The growing number of digestive disorders in people with the adoption of changed food habits and increasing consumption of sugary beverages is estimated to propel market growth. Also, the presence of celiac disease in many adults owing to the consumption of spicy and processed food products is anticipated to drive market growth in the coming years. The number of pharmaceutical industries to meet the demand owing to the increasing population in the region is estimated to propel the market growth in the coming years. The need for the production of high-quality medications to prevent the spread of many diseases during and pandemic is also estimated to hike the market growth. As of the 2021 report, 150 children out of 190 were diagnosed with celiac disease in the U.S. in a pediatric screening study.
The Asia Pacific microcrystalline cellulose market is estimated to be the second largest, registering a share of about ~29% by the end of 2035. The growth of the market can be attributed majorly to the increasing economic standards of the people in the region with growing employment rates. The rising number of industries such as paints, coatings, and ceramics with the rising construction sector in the region is estimated to propel the market growth in the region. The escalating number of hospitals, clinics, and pharmacies is anticipated to increase the production of pharmaceutical formulations during the forecast period.Rising demand for processed food items owing to everyone's hectic work schedule is also expected to boost market growth. The market growth is also attributed to the increasing use of MCC in end-user sectors as in the food industry for various purposes. Increasing preference for skin care and personal care products with rising disposable income of people in the region is estimated to propel the market growth.
Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing growth in the food sector. MCC's growing use in the food industry as an important ingredient in the preparation of cakes, ice creams, gels, and the production of processed and canned foods is expected to drive market growth during the forecast period. The extensive use of MCC in the pharmaceutical sector is also estimated to drive market growth in the region. The presence of key players in the market in the region is also expected to boost the market growth as per the market analysis. The market growth is also attributed to the increasing expenditure on research and development to increase the production of MCC for other uses in the market. The growing developments and plan to launch new products in the region are also anticipated to propel the market growth in the region.
Asahi Kasei Chemicals Corporation completed the second plant construction for Celous microcrystalline cellulose in Kurashiki, Japan, and Okayama to meet the increasing MCC demand around the world.
DFE Pharma GmbH & Co.KG initiated a new partnership agreement with Azelis, a specialist in the food ingredients and chemicals industry. The agreement was to distribute DFE pharma excipients including Pharmacel, Pharmacel Smcc90, high-quality MCCs, co-processed MCC, and Nutracel used in the manufacturing of oral dosage forms as filler and binder.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: The expansion of the chemical industry worldwide, and the growing food & beverage industry are some major factors driving the growth of the market.
Ans: The market size of microcrystalline cellulose is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2035.
Ans: Availability of alternatives such as cotton crops, soybean crops, and new advancements in the pharma industry are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Asahi Kasei Chemicals Corporation, Rayonier Advanced Materials, Roquette, DFE Pharma GmbH & Co.KG, JRS Pharma GmbH & Co.KG, Avantor Performace Materials Inc., Gujarat Microwax Limited, Sigachi Industrial Pvt. Ltd., FMC Corporation., Accent Microcell Pvt. Ltd, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by raw material source, application, and by region.
Ans: The non-wood-based segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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