Microcrystalline Cellulose (MCC) Market

Microcrystalline Cellulose (MCC) Market Size (2023-2028)

Microcrystalline Cellulose (MCC) Market size was worth US$ 938 million in 2022 and is anticipated to increase to US$ 1,452 million by 2028, registering a CAGR of 5.6% during the forecast period. 2023-2028

Microcrystalline cellulose can be made in various techniques, including reactive extrusion, acid hydrolysis, steam explosion, and enzyme-mediated synthesis. Microcrystalline cellulose is primarily utilized in the pharmaceutical, food, beverage, and personal care sectors considerably. Microcrystalline cellulose is used in the food and beverage sector to give processed foods a creamy, smooth mouthfeel. Low-fat dairy products, including frozen yogurt, whipped cream, and ice cream, are commonly made with this. This cellulose is made from premium wood pulp. It is commonly used as a binder or diluent in manufacturing tablets and capsules in the pharmaceutical sector. It can be utilized in both wet-granulation and direct-compression tablet-making procedures. This cellulose is a natural source of dietary fiber that can be ingested. It's being used as an anti-caking agent, texture modifier, suspending agent, stabilizer, and other things in the food and beverage business. Therefore, microcrystalline cellulose experiences a primary demand, which further drives the global microcrystalline cellulose market during the forecast period.

Microcrystalline Cellulose (MCC) Market Drivers:

The MCC market is primarily driven by the global increase in processed food consumption. As a result, the usage of microcrystalline cellulose as an ingredient has increased due to the rise in processed food consumption, which has boosted market growth. Furthermore, the demand for microcrystalline cellulose is fueled by pharmaceutical items such as tablets and capsules. Conversely, a rise in disposable population income in Asia-Pacific developing nations is expected to open new opportunities for important stakeholders. MCC is utilized as a stabilizer, suspension agent, binder, film-forming agent, and disintegrant in ointments, tablet formulations, and other topical treatment bases in the pharmaceutical industry. In the pharmaceutical industry, MCC is one of the most important and commonly utilized excipients. It functions as a diluent and a binding agent in medicinal formulations. It is widely used in medicine formulations such as pills, capsules, and sachets. Therefore, the global MCC market is being driven even more by the increasing manufacture of medicinal products.

In addition, emerging markets like China, Brazil, and India are fast-growing economies that are likely to boost MCC demand even further. Currently, wood pulp is used to make MCC. The expense of making MCC from Wood is high. MCC is being made from non-wood sources using new production techniques. Non-wood sources are also less expensive than wood ones. As a result, non-wood-based MCC has a lower overall production cost, resulting in a lower end-product. Reduced MCC prices are likely to increase applications or higher volume use in many segments, boosting the worldwide MCC market's growth.

Microcrystalline Cellulose (MCC) Market Restraints:

Microcrystalline Cellulose (MCC) has no other alternatives, which is a significant restraint. However, there are a few items that perform better than MCC and have very particular uses. The few available things include CMC, kappa-carrageenan, and croscarmellose sodium (CCS). CMC is used in the food and beverage industry to stabilize emulsions in ice cream and baked goods. CMC is also employed as a disintegrant, stabilizer, binder, and suspending agent in pharmaceuticals. Plant-based guar gum can also be utilized in ice creams and other dairy products in the food and beverage industry.

The current high market prices for guar gum, on the other hand, may stifle demand to some extent. Before reaching the final result, MCC comprises numerous stages, including acid hydrolysis, washing, bleaching, and drying. The cost of making MCC is determined by the raw materials utilized and the manufacturing procedures employed. The expensive nature of raw materials is predicted to drop, lowering the overall cost of MCC. Moreover, with the invention of new technologies that aid in producing low-cost MCC, the product is expected to be in great demand. However, one of the pressuring concerns for many MCC producers worldwide is identifying low-cost methods for commercial production of low-cost MCC. Therefore, these factors further limit the global microcrystalline cellulose market growth in the next six years.

Recent Developments in the Global Microcrystalline Cellulose (MCC) Market:

• Dow declared an increment in the methylcellulose capacity investment to offer customers a safe and reliable supply of key additives and touch the increasing chemical demand for construction. 

• DuPont introduced Avicel, microcrystalline cellulose, which is majorly utilized in tableting as a flow aid. It is prepared from the acid hydrolysis of specialty wood pulp.

MICROCRYSTALLINE CELLULOSE (MCC) MARKET REPORT COVERAGE:

Market Segmentation: 

Microcrystalline Cellulose (MCC) Market By Source Type:

• Non-wood based

• Wood-based

In this market, the non-wood-based source type is predicted to increase at a higher rate. MCC made from non-wood sources is becoming more popular on the market. Numerous non-wood sources are being investigated to develop an MCC manufacturing technique. Because the raw material used to make non-wood-based MCC is primarily agricultural waste, which is available at extremely low costs, the cost of non-wood-based MCC is relatively low compared to wood-based MCC. During 2022 - 2027, this is anticipated to fuel the growth of non-wood-based MCC, which further propels the global microcrystalline cellulose market growth.

Microcrystalline Cellulose (MCC) Market By Application:

• Pharmaceutical

• Food and Beverage

• Cosmetics & Personal care

• Others

Increased usage of MCC as a bulking agent in processed foods such as ice cream and whipped cream, its demand for processed and fast foods, and increased use as dietary fiber are likely to drive revenue growth in the food & beverage segment throughout the forecast period. In addition, microcrystalline cellulose has increased its use in the food and beverage industry because of its benefits, including improved gastrointestinal tract and fat metabolism and improved food product durability. On the other hand, the pharmaceutical category is predicted to develop at the fastest CAGR among the application segments over the forecast period. MCC is increasingly found in quick-release tablets and liquid dosage forms, sustained-release multi particulates and matrix tablets dosage forms, topical formulations, and chewable and effervescent tablets. This has aided the pharmaceutical market's fastest-growing CAGR.

Microcrystalline Cellulose (MCC) Market Regional Analysis: 

• North America 
• Europe
• Asia Pacific 
• Latin America 
• Middle east and Africa 

During 2022 - 2027, Europe is expected to have the most significant market share in the MCC market. Increased investments in drug development and pharmaceutical companies' ongoing attempts to produce superior-quality goods are principally responsible for Europe's largest market share. Furthermore, the processed food industry in the region is growing due to economic recovery and an increase in employment rates, which supports the expansion of the MCC market in the food & beverage application.

In terms of value, North America accounted for more than two-thirds of the global microcrystalline cellulose market. This can be related to a growing preference for processed meals, low-fat dairy, and pharmaceutical items, particularly in Mexico.

With increased pharmaceutical manufacturing in countries like India and China, the Asia-Pacific region will likely dominate the market.

Impact of COVID-19 on the Microcrystalline Cellulose (MCC) Market:

The continuing coronavirus (COVID-19) epidemic has changed the beauty industry's landscape. As a result, sales, purchases, and usage have dropped across several cosmetic areas due to months of consumer lockdowns, international travel bans, and retail business closures. On the other hand, the pharmaceutical sector saw a surge in output due to the COVID-19 pandemic, as the number of medicines used in hospitals worldwide grew, raising demand for microcrystalline cellulose, which is utilized in drug manufacturing. Therefore, the global microcrystalline cellulose market is anticipated to have a positive impact during the corona pandemic.

Microcrystalline Cellulose (MCC) Market Key Players:

The companies covered in the report include:

• DowDuPont

• Asahi Kasei Chemicals Corporation

• Rayonier Advanced Materials

• Roquette

• DFE Pharma GmbH & Co.KG

• JRS Pharma GmbH & Co.KG

• Avantor Performance Materials Inc.

• Gujarat Micro wax Limited

• Sigachi Industrial Pvt. Ltd.

• Huzhou City Linghu Xinwang Chemical Co., Ltd.