Stratview Research has published a new report titled “Microcrystalline Cellulose (MCC) Market” which is segmented by Source Type (Wood-Based, Non-Wood Based), by Application Type (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the 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.
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.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise 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.
Which Region is expected to remain the largest market?
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.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players acting in the Microcrystalline Cellulose (MCC) Market:
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.
Key questions answered by the report.
What is the projected CAGR for revenue from the Microcrystalline Cellulose (MCC) Market during the forecast period?
What would the market be valued at by 2028?
What is a major driving factor for the growth of the market?
Which region accounted for the largest revenue share in the Microcrystalline Cellulose (MCC) Market?
Which are the major market players?
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