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

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).

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. '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)'

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.

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.

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.