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2023

Microcrystalline Cellulose (MCC) Market

Microcrystalline Cellulose (MCC) Market Size, Share, Competitive Landscape and Trend Analysis Report by Source Type, by Drying Process, by Application : Global Opportunity Analysis and Industry Forecast, 2022-2031

MC : Renewable, Speciality and fine chemicals

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Author's: Akshata Dhange| Nikhil M| Yerukola P | Eswara Prasad
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Microcrystalline Cellulose (MCC) Market Research, 2031

The global microcrystalline cellulose (MCC) market was valued at $401.1 million in 2021, and is projected to reach $712.9 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

Report Key Highlighters:

  • Microcrystalline cellulose report includes list of top consumers, production capacities of manufacturers, top customers country wise, and highest price and lowest price from each country of production and the company name that commands highest and lowest price.  

  • The global microcrystalline cellulose market has been analyzed in terms of value ($million) and volume (Tons). The analysis in the report is provided on the basis of source type, drying process, application, 4 major regions, 23 companies, and more than 20 countries. 

  •  Key manufacturers such as Asahi Kasei Chemicals Corporation, Roquette, and DFE Pharma is actively engaged in product launches, acquistion, and business expansion key developments for a better understanding of microcrystalline cellulose market.  

  • Latest trends such as high R&D investment in the synthesis process of microcrystalline cellulose is expected to boost the market growth. For instance, clinical research is going on a new microcrystalline cellulose dietetic supplement which would have a massive impact on global microcrystalline cellulose market growth.  

Microcrystalline Cellulose (MCC) Market

Microcrystalline cellulose is an odorless, fine white powder, and a purified form of cellulose, which is derived from the pulp of fibrous plant material. It is a depolymerized cellulose obtained by treating alpha-cellulose with mineral acids and acid hydrolysis by using 2M hydrochloric acid at 105 degrees Celsius for 15 min. It is widely used as an anti-caking agent, texturizer, emulsifier, and binding agent. Microcrystalline cellulose finds a wide range of applications in pharmaceuticals, food & beverages, cosmetics, textiles, and others.

The emergence of pharmaceutical and food and beverages plants across the globe is projected to drive the market

Key factors such as growing population coupled with advancement in the technology, and well-established pharmaceutical industry have enhanced the performance of microcrystalline cellulose market.  Microcrystalline cellulose is one of the most important excipients widely used in tableting due to its excellent binding properties in the dry state. This may act as one of the key drivers responsible for the growth of the microcrystalline cellulose market in the growing pharmaceutical sector. Furthermore, growth of the global microcrystalline cellulose market is driven by increase in demand for microcrystalline cellulose in the food processing industry in developing countries, such as China, India, and Brazil. The processed food industry has been using microcrystalline cellulose to produce low fat dairy products, which is expected to boost the microcrystalline cellulose market.

High production cost and availability of substitute is expected to act as challenging factors for microcrystalline cellulose market. However, high manufacturing and production costs of microcrystalline cellulose is expected to hinder the market. In addition, availability of specific substitutes for microcrystalline cellulose such as carboxymethyl mcc, kappa- carrageenan, and others hamper the market growth.

Growing consumer demand for personal grooming products has driven the potential sales of the microcrystalline cellulose market

On the contrary, rapid increase in the population in both developed & developing economies, rise in import & export of various cosmetics & skincare products, up-gradation in technology, and increased focus on the cosmetic sector have increased the demand for microcrystalline cellulose, where it is used as a texturizer and binding agent in the formulation of various skincare and personal care products. In addition, microcrystalline cellulose has a wide range of applications in the medical sector. For instance, NB Entrepreneur offers purified SANCEL microcrystalline cellulose for the pharmaceutical industry. These factors are anticipated to offer remunerative opportunities for the microcrystalline cellulose market during the forecast period.

 

Microcrystalline Cellulose (MCC) Market
By Region
2031
Europe 
North America
Asia-Pacific
LAMEA

Europe would exhibit highest CAGR of 5.5% during 2022-2031.

The Europe region accounted for a major market share in 2021 with 5.5% share in the global market and is projected to grow at the highest CAGR during the forecast period and. The European microcrystalline cellulose market is one of the developed markets. This region has been the epicenter of microcrystalline cellulose consumption, as consumers in this region prefer to have low-fat dairy products. This has driven the market growth in the region.

Furthermore, according to data published by, Cosmetics Europe, Germany’s cosmetics and personal care industry is valued at €13.6 billion in 2021 and is expected to grow during the forecast period. Microcrystalline cellulose has a wide range of applications in the cosmetics and personal care industry where it is widely used for the formulation of skin care products and used as an abrasive & absorbent in the formulation of lotions, creams, capsules, and others. This may act as one of the key drivers responsible for the growth of microcrystalline cellulose in the growing cosmetics industry in the European region. 

Microcrystalline Cellulose (MCC) Market
By Source Type
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Wood based source type segment is the most lucrative segment

In 2021, the wood-based segment was the largest revenue generator, and is anticipated to grow at a CAGR of 85% during the forecast period. This is attributed to the fact that, rising population across the globe, increase in disposable income among people, and rapid shift in the consumer preference for several types of fruit juices & carbonated drinks have enhanced the performance of the food and beverages industry. It is widely used as a stabilizer, thickening agent, and anti-caking agent during the production process of processed food. Wood-based cellulose can be consumed as a natural source of dietary fiber. This is projected to drive the growth of the wood-based microcrystalline cellulose market during the forecast period.

Microcrystalline Cellulose (MCC) Market
By Drying Process
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Spray Drying process is expected as fastest growing segment

In 2021, the spray drying segment was the largest revenue generator, and is anticipated to grow at a CAGR of 77% during the forecast period. Spray drying helps in improving the DC properties of pharmaceutical excipients and APIs and it also influences tableting at the distinct stages of compression, packing and rearrangement, compact formation, and ejection. Owing to this, the demand for spray-dried microcrystalline cellulose has increased in the pharmaceutical industry. Moreover, the demand for pharmaceutical products in emerging economies such as Brazil, Russia, India, China, and South Africa (BRICS); and Mexico, Indonesia, South Korea, and Turkey (MIST) has witnessed growth owing to the presence of large population base, rise in prosperity, and increased life expectancy in these countries. This is expected to fuel the demand for spray-dried microcrystalline cellulose, thereby boosting the market's growth. 

Microcrystalline Cellulose (MCC) Market
By Application
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Pharmaceutical application segment is projected as the fastest growing segment

By application the market is divided into pharmaceutical, food and beverages, cosmetics and personal care, and others. The pharmaceutical segment is dominated the global market, in terms of revenue in 2021 with 36% share in the global market. he major advantage of using microcrystalline cellulose is its binding capacity, chemical purity, and low reactivity. This is projected to drive the market in the coming years. Furthermore, enhanced binding capacity and highly absorbent characteristics of microcrystalline cellulose have enhanced its production capacities. For instance, DuPont and Pharmaceutical Technology are offering a wide range of microcrystalline cellulose-based products, which is in turn drives the market; thus, offering new opportunities for future growth. 

The microcrystalline cellulose market is segmented on the basis of source type, drying process, application, and region. By source type, it is bifurcated into wood- and non-wood-based. By drying process, the market is categorized into bulk-drying and spray drying. By application, it is divided into pharmaceutical, food & beverage, cosmetics & personal care, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in this report include DowDupont Inc., FMC Corporation, Asahi Kasei Chemicals Corporation, Accent Microcell Pvt. Ltd, JRS PHARMA GmbH and Co. KG, Ming Tai Chemical Co. Ltd, Foodchem International Corporation, Maple Biotech Pvt. Ltd., Chemfield Cellulose, NB Entrepreneurs, Cellutech Pharma, Quadra Chemicals., Ankit Pulps, Roquette, Sigachi Industries Pvt. Ltd, Huzhou City LinghuXinwang Chemical Co., Ltd, Amishi Drugs And Chemicals Pvt Ltd, ASHOK CHEM–PHARMA, Anhui Shanhe Pharmaceutical Excipients Co., Ltd., DFE Pharma.

COVID-19 Impact Analysis:

The microcrystalline cellulose market suffered a moderate impact due to the wake of the COVID-19 pandemic. In addition, the increase in the number of COVID-19 patients during the pandemic which made people to purchase MCC-based capsules, tablets, medications, and personal hygiene products on the e-commerce platform. Owing to which the potential sales of the microcrystalline cellulose (MCC) market remained steady. For instance, according to an article published by Express Pharma in August 2022, the Indian pharma hub has witnessed increased demand from across the globe for medical supplies and drugs. As a result, the Indian API market was valued at $11806.93 million (about $36 per person in the US) in 2021 and is expected to grow at a CAGR (Compound Annual Growth Rate) of 12.24% during the forecast period.

Key Benefits For Stakeholders:

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the microcrystalline cellulose (mcc) market analysis from 2021 to 2031 to identify the prevailing microcrystalline cellulose (mcc) market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the microcrystalline cellulose (mcc) market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global microcrystalline cellulose (mcc) market trends, key players, market segments, application areas, and market growth strategies.

Microcrystalline Cellulose (MCC) Market Report Highlights

Aspects Details
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Market Size By 2031

USD 712.9 million

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Growth Rate

CAGR of 5.9%

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Forecast period

2021 - 2031

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Report Pages

456

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By Source Type
  • Wood-Based
  • Non-wood based
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By Drying Process
  • Bulk Drying
  • Spray Drying
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By Application
  • Pharmaceutical
  • Food and Beverage
  • Cosmetics and Personal Care
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Turkey, Greece, Norway, Sweden, Denmark, Finland, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Morocco, Algeria, Egypt, Peru, Argentina, Columbia, Chile, Rest of LAMEA)
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Key Market Players

Asahi Kasei Chemicals Corporation, Ming Tai Chemical Co. Ltd, FMC Corporation, Foodchem International Corporation, Roquette, JRS PHARMA GmbH and Co. KG, Accent Microcell Pvt. Ltd, Amishi Drugs And Chemicals Pvt Ltd, Huzhou City LinghuXinwang Chemical Co., Ltd, DFE Pharma, Cellutech Pharma, ASHOK CHEM –PHARMA, NB Entrepreneurs, Maple Biotech Pvt. Ltd., Chemfield Cellulose, Anhui Shanhe Pharmaceutical Excipients Co., Ltd., Quadra Chemicals., Ankit Pulps, DowDupont Inc., Sigachi Industries Pvt. Ltd

Analyst Review

According to CXOs of leading companies, the global microcrystalline cellulose market is expected to exhibit high growth potential. Microcrystalline cellulose is widely used in food & beverages, pharmaceuticals, and cosmetics. It is an excellent source of binders, texturizers, emulsifiers, abrasives, and extenders. The market is influenced by the inflated cost of raw materials and processing methods, thereby increasing the cost of microcrystalline cellulose. This factor is expected to impede the growth of the market. However, Asia-Pacific has witnessed significant adoption of microcrystalline cellulose in various industries such as food & beverages and cosmetics during the forecast period.?? 

In addition, distinct types of microcrystalline cellulose are used as texturizers in the growing textiles industry. Furthermore, factors such as flexibility in operation, ease of application, and sustainability have enhanced the performance of microcrystalline cellulose in several end-use industries. CXOs further added that sustained economic growth and development of the pharmaceutical sector have increased the popularity of microcrystalline cellulose.? 

Author Name(s) : Akshata Dhange| Nikhil M| Yerukola P | Eswara Prasad
Frequently Asked Questions?

Microcrystalline cellulose is a non-caloric purified form of cellulose, which is used as a bulking, anti-caking, and emulsifying agent. This cellulose is derived from high quality wood pulp. It is widely used in the pharmaceutical industry as a binder or diluent in the formulation of tablets and capsules. It can be used in both wet-granulation and direct-compression processes of tablet formation. This cellulose can be consumed as a natural source of dietary fiber In the food & beverage industry, it is used as an anti-caking agent, texture modifier, suspending agent, and stabilizer. It is mostly found in processed food and is ideally a healthy food additive. It helps in providing a creamy texture to dairy products without any addition of fat.?

DowDupont Inc., FMC Corporation, Asahi Kasei Chemicals Corporation, JRS PHARMA GmbH and Co. KG, Ankit Pulps, Roquette, Sigachi Industries Pvt. Ltd, Anhui Shanhe Pharmaceutical Excipients Co., Ltd., DFE Pharma.

Europe is the largest regional market for mcc market.

The microcrystalline cellulose market is segmented on the basis of source type, drying process, application, and region. By source type, it is bifurcated into wood- and non-wood-based. By drying process, the market is categorized into bulk-drying and spray drying. By application, it is divided into pharmaceutical, food & beverage, cosmetics & personal care, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Pharmaceutical application segment is the leading segment in microcrystalline cellulose market.

The global microcrystalline cellulose (MCC) market was valued at $401.1 million in 2021, and is projected to reach $712.9 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

Expansion of Phamaceutical, food and beverages units, and growing consumer demand for microcrystalline cellulose-based products is the upcoming trend for mcc market.

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Microcrystalline Cellulose (MCC) Market

Global Opportunity Analysis and Industry Forecast, 2022-2031