Global Microcrystalline Cellulose (MCC) Market Report | 2022-2028

Market Insights

The Global Microcrystalline Cellulose (MCC) Market is expected to grow from US$ 841.19 Million in 2021 to reach US$ 1365.86 Million in 2028 and is likely to grow at a healthy CAGR of 7.03% during the forecast period of 2022-2028.

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What is microcrystalline cellulose?

Microcrystalline Cellulose mainly refers to wood pulp that is refined in nature and is used in different applications such as an anti-caking agent, extender, and many others.

MCC now is also available as a non-wooden base along with the wooden base. Food & beverage, pharmaceutical, cosmetics, and others are the industries where it is used.

Key Players

Some of the key players in the Global MCC Market are-

• Asahi Kasei Chemicals Corporation
• Avantor Performance Materials Inc.
• Accent Microcell Pvt. Ltd.
• Anhui Sunhere Pharmaceutical Excipients Co., Ltd.
• DFE Pharma GmbH & Co.Kg
• The Dow Chemical Company
• Foodchem International Corporation
• Gujarat Microwax Limited
• Huzhou City Linghu Xinwang Chemical Co., Ltd.
• JRS Pharma GmbH & Co. Kg. 

Market Drivers

The prime factors that are contributing to the growth of the Global MCC Market are-

Growing pharmaceutical industry: MCC is widely used in the pharmaceutical industry as a binder, disintegrant, and filler in tablets, capsules, and other solid dosage forms. The increasing demand for pharmaceutical products, driven by factors such as population growth and rising healthcare expenditures, is fueling the demand for MCC.

Rising consumer demand for healthy and functional foods: MCC is used as a bulking agent, stabilizer, and fat substitute in various food products. With the increasing consumer focus on health and wellness, there is a growing demand for foods with added dietary fiber and reduced fat content, which is driving the demand for MCC in the food industry.

Advancements in the cosmetics and personal care industry: MCC is used in cosmetic and personal care products as a texture enhancer, absorbent, and emulsion stabilizer. The expanding cosmetics and personal care industry, coupled with the growing consumer preference for natural and eco-friendly ingredients, is boosting the demand for MCC in this sector.

Technological advancements in MCC production: The development of advanced manufacturing techniques and processes for MCC has improved its quality, functionality, and cost-effectiveness. These advancements have increased production efficiency and expanded the application scope of MCC, driving its market growth.

Regulatory support for sustainable and eco-friendly materials: MCC is derived from renewable sources, primarily cellulose obtained from wood pulp or agricultural residues. As governments and regulatory bodies worldwide emphasize sustainability and eco-friendly practices, MCC's use as a natural, biodegradable, and renewable material is gaining prominence, driving its market growth.

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Segment Analysis

By Source Type

The market is segmented into wood-based and non-wood-based. 

The Wood-Based segment dominated the market in 2021, in terms of both value and volume and is expected to maintain its dominance during the forecast period. The chemical properties of MCC yielded from various wooden sources differ owing to the variance in the composition of alpha-cellulose in different kinds of wood obtainable.

Commercially available MCC is largely formed from wood-based sources.

By Application Type

The market is segmented into food & beverage, pharmaceutical, cosmetics & personal care, and others. 

The Pharmaceutical Application segment dominated the market in 2021, and it is likely to lead the market in the coming five years as well.

By Region

Europe accounted for the largest market for MCC in 2021. The market is majorly driven by the rising investments in drug development and the incessant efforts of pharmaceutical companies to deliver premium-quality products.

Further, the economic repossession and the rise in the employment rate are the prime factors for the growth of the processed-food industry in the region, which in turn, corroborates the development of the market in the food & beverage application.

North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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The Global MCC Market is segmented into the following categories. 

By Source Type

• Wood-Based
• Non-Wood Based

By Application Type

• Food & Beverage
• Pharmaceutical
• Cosmetics & Personal Care
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research:

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.