Microcrystalline Cellulose Market Analysis 2018 – 2023 | Industry Survey, Future Demand, Regional Growth, Latest Trend, Leading Players Updates and Business Prospects

Microcrystalline Cellulose Market Analysis
Microcrystalline Cellulose Market by Raw Material (Wood and Non-Wood), End-Use Industry (Pharmaceuticals, Food & Beverage, Cosmetic & Personal Care and Others) and Region – Forecast to 2023

Market Overview:

Microcrystalline cellulose (MCC) is a partly depolymerized cellulose with shorter crystalline polymer chains. It is manufactured by controlled partial hydrolysis of pure wood pulp, followed by purification and drying. It can also be synthesized by micro-organisms such as fungi, bacteria, algae, and marine animals. MCC finds application in various industries such as pharmaceuticals, food & beverages, and cosmetics & personal care. It is widely used as filler and binder in the drug formulations and owing to strong binding performance.

The global demand for MCC is driven by the pharmaceutical industry coupled with rising health awareness among the people. Asia Pacific is the fastest growing region in the MCC market owing to expanding population and rising per capita disposable income. Growing number of people suffering from chronic diseases due to improper diet, hectic work schedule, and physical inactivity are propelling the market growth. In 2016, according to the Indian Brand Equity Foundation, per capita pharmaceutical sales in India grew at 17.6% CAGR. Also, Indian pharmaceutical sector is estimated to account for around 3.5% of the global pharmaceutical industry in value. Growing food & beverage industry with rising demand for the packaged food & beverages due to convenience and improved shelf life is driving the MCC market growth. Additionally, growing number of working women’s in the emerging economies is another important factor fuelling the product demand. The product consumption is increasing cosmetics & personal care industry by virtue of growing requirement of cosmetic product for personal grooming.

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North America and Europe region are expected to exhibit considerable growth over the forecast period with surging demand for MCC in the major end use industries. Moreover, growing healthcare industry with rising geriatric population is majorly influencing the market growth in this region.

Competitive Analysis:

Microcrystalline Cellulose is at the growth stage and is expanding rapidly across the globe especially in the Asia pacific region owing to the growing healthcare industry. Some of the growing trends noticed among the market players are acquisition and business expansion. For instance, in 2017, DowDuPont acquired FMC Corporation’s Health and Nutrition Segment, one of the leading brand, to strengthen its position in health and nutrition products and enhance business performance.

Some of the key players in the global microcrystalline cellulose are FMC Corporation (the U.S), Mingtai Chemical Co. Ltd. (Canada), DowDupont (the U.S.), Blanver (Brazil), JRS PHARMA (the U.S.), Avantor (the U.S.), Mitsubishi Chemical Corporation (Japan), Asahi Kasei Corporation (Japan), FrieslandCampina (the Netherlands), Accent Microcell Pvt. Ltd (India), DFE Pharma (Germany), Sigachi Industries Pvt. Ltd. (India), Libraw Pharma (India), Huzhou City Linghu Xinwang Chemical Co., Ltd (China), and Shandong Xinda Biotechnology Co., Ltd (China)

Industry/ Innovation/ Related News:

August, 2017- DowDuPont acquired FMC Corporation’s “Health and Nutrition segment” to strengthen its Nutrition and Health segment as world’s leading speciality food ingredients company and expand pharma applications. This acquisition will enhance the growth potential of DowDuPont with access to one of the leading brand “FMC Corporation” and a strong R&D pipeline.

October, 2014– FMC Corporation planned to invest approximately USD 100 million in food ingredient manufacturing plant in Rayong, Thailand. This investment will help the company to expand its presence and meet the growing demand from the Asia Pacific region. .

September, 2014– Mingtai Chemical Co., a leading supplier of microcrystalline cellulose, entered into an agreement with Anshul Life Sciences, a leading supplier of excipients to meet the growing customer demands in the Asia Pacific region.

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Regional Analysis:

The microcrystalline cellulose market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America is dominating the global market owing to the technological developments in the food and pharmaceuticals sector in this region. The U.S accounts for a major market share in terms of revenue followed by Canada and is the major manufacturer of the product. The U.S. Pharmacopeial Convention has esteemed microcrystalline cellulose as an excipient, which has boosted the pharmaceuticals and surged the market growth. The rising demand for low-fat processed food by health-conscious consumers is likely to favor the market growth during the forecast period. The growing cosmetic and personal care industries in the European countries are the major drivers of the market. Countries such as Germany, U.K, France, and Italy are the major contributor owing to the largest markets for cosmetics and personal care products. The Asia Pacific is likely to emerge as the fastest growing market in the coming years. The availability of low-cost raw materials and labor, specifically in China, have favored the market growth. Improving medical support and easy availability of pharmaceuticals in Latin America and Africa are expected to boost the market growth in the coming future.

Rapid civilization in countries such as Mexico, South Korea, Thailand, and Brazil is expected to propel the market growth due to the growing demand for packaged food in these regions.

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