Microcrystalline Cellulose Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - JRS, Accent Microcell, Xinda biotchnology, FMC

The Microcrystalline Cellulose Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.10% during the review period (2022 to 2027)

Microcrystalline Cellulose Market Overview

Microcrystalline cellulose is purified cellulose that has partially depolymerized particles. It combines mineral acids with alpha-cellulose which is found as a pulp from fibrous plant content. Air, dilute acids, and most organic solvents are usually insoluble. Still, it is partially soluble in a 20% alkali solution. It has a extensive variety of applications in prescription excipients and can be used specifically for dry powder tableting. There are numerous ways to synthesize microcrystalline cellulose such as reactive extrusion, acid hydrolysis, steam explosion and enzyme mediated synthesis. Microcrystalline cellulose has big scale applications in the pharmaceutical, food & beverage, and personal care industries. In the food & beverage industry, microcrystalline cellulose is added to the processed food to create a creamy and smooth mouth feel. This is frequently used to prepare low-fat dairy products such as frozen yogurt, whipped cream, and ice cream. In the pharmaceutical industry, it is used as fillers, disintegrating agents, anti-sticking agents, adsorbents, and capsule diluents. Pharmaceuticals and cosmetics are the major end-user industries of microcrystalline cellulose. The ongoing pandemic has altered the face of the beauty industry. The lockdown imposition and other restrictions, international travel bans, and retail business closures, sales, purchases, and usage have fallen across numerous beauty segments. Still, the pharmaceutical industry experienced an increase in production due to the COVID-19 pandemic as the medicines used in hospitals worldwide have increased, thus increasing the demand for microcrystalline cellulose used in the production of drugs. Also, government support in various pharmaceutical sector countries is expected to influence the market studied positively. Growth in consumption of processed foods across the globe majorly drives the MCC Market. Growth in consumption of processed food has augmented the use of microcrystalline cellulose as an additive, which in turn boosts the market progress. Moreover, consumption of pharmaceutical products, such as tablets and capsules, is expected to fuel the demand for microcrystalline cellulose. Though, volatile prices and availability of substitute products have restricted the market growth.

Microcrystalline Cellulose Industry News

On 1 June 2022, Asahi Kasei Medical has completed its acquisition of Bionova Scientific, LLC, a provider of contract process development services and GMP-compliant contract manufacturing services to biopharmaceutical companies. Bionova Scientific will operate as a business unit within Asahi Kasei Medical’s bioprocess division. Bionova Scientific will continue to expand its business by building on its strengths as a CDMO specialized in the process design and manufacture of various types of biologics such as microcrystalline cellulose, cytokines, vaccines, hormones etc.

In May 2022, Asahi Kasei had established a group-wide data management platform called “DEEP” (Data Exploration and Exchange Pipeline) to accelerate digital transformation (DX) throughout the Asahi Kasei Group, and started its operation in April 2022. DEEP has already been utilized in the analysis of several businesses, and is expected to make further contribution to the enhancement of management and businesses.

In January 2021, Asahi Kasei's specialty solutions SBU had announced that they will build a second plant for microcrystalline cellulose at its Mizushima Works in Kurashiki, Okayama, Japan. The expansion is expected to be completed by 2023’s spring season. Asahi Kasei currently manufactures Ceolus, a microcrystalline cellulose used primarily in pharmaceuticals as tablet binder, in Nobeoka, Miyazaki, Japan. Through this expansion Asahi Kasei will enhance its market presence in Japan and adjoining countries.

Drivers

Growing application of microcrystalline cellulose in various industries is a major factor propelling growth of the global microcrystalline cellulose market. For instance, microcrystalline cellulose is used as stabilizer, gelling agent, suspending agent, and anti-caking agent in beverages. It is also used as a cold and hot stabilizer, in frozen food, ice cream, and canned meat, in order to progress the shelf life of these products. Also, MCC (Microcrystalline Cellulose) is widely used in pharmaceuticals, owing to its tastelessness, odorlessness, and chemical inertness properties. According to the International Trade Administration, in 2021, the worldwide market for pharmaceuticals is projected to grow from around US$ 1.22 trillion in 2021 to US$ 1.42 trillion by 2021. Steadily growing pharmaceutical industry is expected to support market progress of microcrystalline cellulose over the forecast period.

Among regions, North America held the dominant position, in terms of revenue, in the worldwide microcrystalline cellulose market in 2021, and accounted for a market share of 30.48%. This is attributed to steadily growing food and pharmaceutical industries as microcrystalline cellulose has high demand in pharmaceuticals and is extensively used as functional ingredient in food and beverages. Also, increasing demand for low fat food, owing to rising obese population in the region is a factor expected to support growth of market over the forecast period. This is because MCC is gaining popularity as a cellulose-based fat replacer and is widely used in sauces, dairy products, salad dressings, and frozen desserts.

Restraint

MCC, as such, has no available substitutes. But there are a few products which fare better than MCC and have very exact applications. A few of the available products are carboxymethyl cellulose (CMC), kappa-carrageenan, and croscarmellose sodium (CCS).  CMC is used in food & beverages to stabilize emulsions in food products such as ice creams and baking products. CMC is also utilized in pharmaceutical applications as a disintegrant, stabilizer, binder, and suspension agent. In the food & beverage industry, plant-based guar gum can also be used in ice creams and other dairy products. Though, the current high market prices of guar gum can suppress its demand to a certain extent. In the long run, if guar gum prices fall, there will be a negative impact on the development of the MCC market. Considering the overall scenario, the availability of potential substitute for MCC will not have any major impact on the market in the long run.

Opportunity

Presently, MCC is manufactured using wood pulp. Production of MCC using wood is a costly affair. Non-wood sources are primarily agricultural waste that has negligible or lesser environmental impact than wood-sourced MCC. New production techniques are underway to manufacture MCC from non-wood sources. Besides, non-wood sources are cheaper than wood sources. Hence, the overall production cost is lower for non-wood-based MCC, resulting in cheaper end-product. Reduced price of MCC will result in increased applications or higher volume consumption in various segments, which is further expected to boost the growth of the global MCC market.

What are the major Applications, Types and Regions for Microcrystalline Cellulose Market?

By Type, it is segmented into

• Wood-based


• Non-wood-based


• Others

By Applications it is segmented into

• Food and Beverage


• Pharmaceutical


• Personal Care


• Others

Microcrystalline Cellulose Market Regional Analysis

The Asia-Pacific region is predictable to dominate the market during the forecast period. The rising demand for microcrystalline cellulose from pharmaceutical and cosmetics industries in countries like China and India is projected to drive the demand for microcrystalline cellulose in this region.

According to Invest India, the pharmaceutical industry in India is expected to reach USD 65 billion by 2027 and is currently valued at USD 41 billion.The major producers of microcrystalline cellulose are based in the Asia-Pacific region. Some of the leading companies in the production of microcrystalline cellulose are Sigachi Industries Pvt. Ltd, Huzhou City Linghu Xinwang Chemical Co. Ltd, DuPont, Asahi Kasei Corporation, and J. Rettenmaier & Sohne GmbH + Co. KG, among others.

Growing preference for plant-based ingredients in personal care & cosmetics in the U.S. is expected to augment the progress of the market in the forthcoming years. Consumers are getting more aware regarding the harmful effects of harsh chemicals on skin and hair, which is fueling this trend in the U.S. North America held the second-largest Microcrystalline Cellulose Market Share. This is driven by the presence of established players in the region, with the US being the largest market. Rising demand for microcrystalline cellulose for pharmaceutical and food applications is propelling the market growth in Europe. For instance, according to International Trade Administration (ITA), in 2021, the pharmaceutical industry manufactured products in Germany were valued at USD 37.40 billion, with an growth of about 4.7% compared to the previous year.

North America

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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
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  • Australia
  
  
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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Microcrystalline Cellulose Market describes the factors driving the global progress opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Microcrystalline Cellulose Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Microcrystalline Cellulose Market Report Scope?

Key Takeaways from this Microcrystalline Cellulose Report

• Evaluate Microcrystalline Cellulose market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Microcrystalline Cellulose market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Microcrystalline Cellulose Market is studied from 2017 - 2027.

 What is the growth rate of Microcrystalline Cellulose Market?

The Microcrystalline Cellulose Market is growing at a CAGR of 6.10% over the next 5 years.

What regions does this Microcrystalline Cellulose Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.