USD 1.2 billion
Microcrystalline Cellulose (MCC) Market Size, Share, Growth Analysis, By Product Type(Powdered Microcrystalline Cellulose, Granulated Microcrystalline Cellulose), By End-Use Industry(Pharmaceutical, Food and Beverage, Cosmetics and Personal Care, and Others (including Chemicals), By Functionality(Binder, Diluent, Disintegrant, Emulsifier), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2389 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
93
|Figures:
75
Microcrystalline Cellulose (MCC) Market Insights
Global Microcrystalline Cellulose Market size was valued at USD 1.2 billion in 2022 and is poised to grow from USD 1.28 billion in 2023 to USD 2.21 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
In recent years, the global MCC market has experienced tremendous development in the last few years, and this is considered to be a trend that will continue. Other influential drivers include increased demand for pharmaceutical formulations, health consciousness, among others, that make MCC a preferred product by many individuals in various industries.
It is widely applied within the MCC market such as it being an important factor in the production of tablets for the pharmaceutical sector. Increasing demand for “clean-label” and natural ingredients for the food industry further boosts MCC demand. Moreover, improved process technologies and striving for green products make this market prospect positive.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceutical
Fastest Growth
Food and Beverage
Growth Rate
7% CAGR
Global Microcrystalline Cellulose Market ($ Bn)
Country Share for North America Region (%)
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Microcrystalline Cellulose (MCC) Market Segmental Analysis
The global Microcrystalline Cellulose market is segmented into four major segments i.e. by Product Type, End-Use Industry, Functionality, and region. Based on Product Type, it is divided into Powdered Microcrystalline Cellulose, Granulated Microcrystalline Cellulose. Based on End-Use Industry, it is bifurcated as Pharmaceutical, Food and Beverage, Cosmetics and Personal Care, and Others (including Chemicals, Textiles). Based on Functionality it is segregated into, Binder, Diluent, Disintegrant, Emulsifier, Stabilizer. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by End-user
The pharmaceutical industry is likely to dominate the MCC market due to its vast usefulness as a binding agent, MCC is often utilized as an excipient in various pharmaceutical formulations such as tablets and capsules. Therefore, pharmaceuticals stand out as one of the most potent end use industries due to the increasing global demand and widespread application of MCC in drugs.
It is highly probable that the market penetration of MCC will be faster in the food and beverage sector. MCC becomes a very appropriate product for many areas of application in the food and beverages industry as consumer tastes move towards clean-label and natural ingredients. The natural aspect of natural and plant-based origin resonates with the current clean-label trends in the food sector, leading to its inclusion in numerous food commodities.
Analysis by Functionality
MCC might be the leader in the market since it dominates binder functionality. MCC is extensively employed as an adhesive in drug delivery to achieve tablet integrity. Most commonly, MCC has binding properties which are very important for tablet integrity and durability in pharmaceutical applications.
The disintegration function is expected to experience significant development in the MCC industry. With changing pharmaceutical formulations aimed at enhancing dissolution and better bioavailability, the function of MCC is of greater importance. Disintegrants help tablets disintegrate rapidly, thus accelerating the dissolution of drugs and their subsequent absorption into the body. With an emphasis on pharmaceutically optimized formulations in a bid to improve therapeutic outcomes, there could be increased demand for disintegrant functionalities.
Global Microcrystalline Cellulose Market By End Use
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Microcrystalline Cellulose (MCC) Market Regional Insights
Most likely, North America would lead in the Microcrystalline Cellulose (MCC) market. This would explain the high prevalence that the region boasts in these sectors which are among the highest consumers of this type of materials. The American and Canadian established pharmaceutical sector combined with increasing demands of mcc in foods & beverage industries contribute North America to be the dominating market player.
Asia- Pacific is projected to be the most rapidly developing market for MCC. With the expanding pharmaceutical and food industries as well as overall economy and heightened health care demands make more room for demand of MCC in this geographical area. Increased investment in healthcare infrastructures, particularly in India and China, drives up MCC demand in the pharmaceutical sphere.
Global Microcrystalline Cellulose Market By Region
- Largest
- Fastest
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Microcrystalline Cellulose (MCC) Market Dynamics
Drivers
Increasing MCC's Versatile Functionalities as a Binder
- The pharmaceutical industry is crucial as it uses MCC as a binder, diluent, or a disintegrant in tablet formulations. The role of MCC is critical because as demand for different drug formulations increases worldwide, it ensures product integrity and quality. There are also many other factors that help drive the market, especially MCC which acts as a stabiliser but an important ingredient in the production of processed foods for example in this food and MCC plays an important role. Additionally, the preference for MCC products is also driven by consumers’ interest in clean-label and natural ingredients, a trend that promotes healthier eating habits.
Restraints
High Constraints Related to Availability of Raw Materials
- The market contends with one of its main market restraining factors i.e. availability of raw materials. MCC sources such as wood pulps and cotton can be subjected to shifts that may influence the output cost and the market’s operations. Finally, stringent regulatory requirements also constitute one of the hindrances, especially in the pharmaceutical sector where MCC is widely applied. In order to conform to changing regulations as well as quality requirements there needs permanent readjustment and investments that also affect availability of the market. Other economic considerations must be made involving currency fluctuation and general market conditions which might render MCC noncompetitive for different industries.
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Microcrystalline Cellulose (MCC) Market Competitive Landscape
The microcrystalline cellulose market operates in a highly dynamic competitive arena with existing players competing alongside new competitors. Prominent firms in the field employ some of the following strategic approaches including product innovation, M&A deals and collaborative efforts aimed at fortifying their position within the market and improving competitiveness. They include pharmaceutical and food and beverage industries that are established and have huge impact on the dynamics in this market. In this regard companies are increasingly expanding their product ranges aimed at different applications of MCC in these markets by utilizing its polyfunctionality.
Top Player’s Company Profiles
- Ajinomoto Co., Ltd. (Japan)
- Merck KGaA (Germany)
- Jilin Pharmaceutical Group Co., Ltd. (China)
- Nippon Paper Group Inc. (Japan)
- Dahua Group Co., Ltd. (China)
- Shin-Etsu Chemical Co., Ltd. (Japan)
- Sanyo Kasei Corporation (Japan)
- FMC Corporation (US)
- Asahi Kasei Corporation (Japan)
- Cellulose Products Corporation (US)
- Borregaard AMF Bakkafrost P/F (Denmark)
- Mingtai Group (China)
- Qingdao Bright Cellulotech Co., Ltd. (China)
- Shandong Xinhua Pharmaceutical Group Co., Ltd. (China)
- Daiichikosho Co., Ltd. (Japan)
- Mitsubishi Chemical Holdings Corporation (Japan)
- Qingdao Orient Landscape Bioproducts Co., Ltd. (China)
- Hubei Yizhong Tiancheng Pharmaceutical Co., Ltd. (China)
- Shanghai Sunchem Co., Ltd. (China)
Recent Developments
- In September 2023, Avicel® HFE Pro, a new MCC grade, was introduced by JRS Pharma GmbH & Co. KG. The high-performance MCC Avicel® HFE Pro was created to satisfy the strict specifications of the pharmaceutical sector. It can be used in a variety of medicinal applications, such as topical creams and gels, oral solutions, and tablet and capsule formulations.
- June 2023: Sigachi Industries experienced a four% surge in its shares throughout the preliminary buying and selling session on Friday. This uptick observed the enterprise's disclosure of its economic outcomes for the region ending June 30, 2023, at the side of several corporate actions. These movements encompassed an inventory cut up and the issuance of convertible warrants to specific shareholders of the enterprise.
- February 2023: Asahi Kasei has finalized the status quo of its second Ceolus microcrystalline cellulose (MCC) plant at the Mizushima Works in Kurashiki, Okayama, Japan. The Functional Additives Division of Asahi Kasei's Life Innovation SBU has been producing Ceolus in Nobeoka, Miyazaki, Japan since 1970. Ceolus, more often than not applied as a tablet binder in prescribed drugs, is shipped to worldwide clients.
Microcrystalline Cellulose (MCC) Key Market Trends
- Rising Demand for MCC in the Pharmaceutical Sector: The rise of MCC usage with respect to the pharma industry and serving as a major ingredient of tablet compositions. The prominence of MCC as a binder, filler, and disintegrant is on increase with increase in interest by pharma companies focusing at optimization for drug delivery and performance. There is another notable movement that shows that MCC has become a major ingredient in the food and drink field due to its property of stabilising the content, as well as improving the texture. In addition, consumer’s preference for clean-label and natural ingredients contributes to MCC usage by different food applications.
Microcrystalline Cellulose (MCC) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Microcrystalline Cellulose market analysis is a dynamic market with some standout tendencies and problems. The marketplace is propelled by the pharmaceutical enterprise's demand for tablet formulations, wherein MCC acts as a binder, diluent, and disintegrant. Growing customer possibilities for herbal and clean-label ingredients pressure MCC's adoption within the food and beverage zone.
However, demanding situations encompass raw material availability fluctuations and stringent regulatory necessities. Powdered and granulated MCC are dominant product kinds. North America leads because of a sturdy pharmaceutical zone. Key tendencies encompass sustainability tasks and the rising position of MCC in improving drug transport and meals product pleasant.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.2 billion |
| Market size value in 2031 | USD 2.21 billion |
| Growth Rate | 7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Microcrystalline Cellulose (MCC) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Microcrystalline Cellulose (MCC) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Microcrystalline Cellulose (MCC) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microcrystalline Cellulose (MCC) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microcrystalline Cellulose (MCC) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microcrystalline Cellulose (MCC) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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