New report published by QY Research which offers insights on the global Microcrystalline Cellulose market. The Microcrystalline Cellulose market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Microcrystalline Cellulose is expected to reflect a 1.5x increase in the revenue growth. In 2017 the global Microcrystalline Cellulose market was valued at US$ 949 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 1,441 Mn growing at a value CAGR of 5.35% throughout the period of forecast.
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Global Microcrystalline Cellulose Market: Market Driver and Restraint
Microcrystalline cellulose is a partially depolymerized cellulose in pure form, which is synthesized from -cellulose precursor. There are several ways to synthesize microcrystalline cellulose such as reactive extrusion, acid hydrolysis, steam explosion and enzyme mediated synthesis. Microcrystalline cellulose has large 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 mostly 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.
Growth in consumption of processed foods across the globe majorly drives the microcrystalline cellulose market. Increase in consumption of processed food has augmented the use of microcrystalline cellulose as an additive, which in turn boosts the market growth. Moreover, consumption of pharmaceutical products, such as tablets and capsules, is expected to fuel the demand for microcrystalline cellulose. However, volatile prices and availability of substitute products have restricted the market growth. Conversely, rise in disposable income of population in developing economies in Asia-Pacific is anticipated to provide new opportunities for the key players.
Global Microcrystalline Cellulose Market: Forecast by Type
Based on source type, it is categorized into wood based and non-wood based. Non-wood based microcrystalline cellulose is the most lucrative segment of the market, owing to cost-effectiveness of this synthesis method.
Global Microcrystalline Cellulose Market: Forecast by Application
By application, the market is bifurcated into pharmaceutical, food & beverage, cosmetics & personal care, and others.
Global Microcrystalline Cellulose Market: Forecast by Region
Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific microcrystalline cellulose market is expected to witness high growth during the forecast period, owing to the increasing demand for pharmaceutical products. Furthermore, the high demand for low fat dairy products in the region is expected to boost the growth of microcrystalline cellulose market.
Global Microcrystalline Cellulose Market: Key Players
The key players analyzed in this report are DowDuPont, Rayonier Advanced Material, FMC Corporation, Asahi Kasei Chemicals Corporation, Roquette, DFE Pharma GmbH & Co.KG, Accent Microcell Pvt. Ltd., JRS PHARMA GmbH & Co. KG, Sigachi Industries Pvt. Ltd., and Ming Tai Chemical Co. Ltd.
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