About Microcrystalline Cellulose
Microcrystalline cellulose is a depolymerized substance, which can be obtained from both wood and non-wood sources. It has a free-flowing powder-like appearance. It is obtained directly from plant sources such as wood pulp, fibrous plant materials, corn cobs, husks, rice straws, wheat, groundnut shell, and sugar beet pulp. It can also be obtained from non-wood sources such as algae, fungi, and marine organisms. The industrial manufacturing of microcrystalline cellulose includes various processes such as reactive extrusions, acid hydrolysis, and steam explosions.
Technavio’s analysts forecast the global microcrystalline cellulose market to grow at a CAGR of 5.95% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global microcrystalline cellulose market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Microcrystalline Cellulose Market 2017-2021
Technavio recognizes the following companies as the key players in the global microcrystalline cellulose market: Asahi Kasei, FMC, FrieslandCampina, MINGTAI CHEMICAL, and Tembec.
Other Prominent Vendors in the market are: Anhui Sunhere Pharmaceutical Excipients, Ankit Pulps and Boards, Amishi Drugs & Chemicals, Godavari Biorefineries, Huzhou City Linghu Xinwang Chemical, JRS Group, JUKU, RanQ Remedies, Sigachi Industries, and SPECHEM CELLULOSE.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for low-fat and processed food. The increased demand for processed food and low-fat food items will tremendously drive the growth of the global microcrystalline cellulose market during the forecast period. Cellulose is an organic substance present in plants and is rich in fiber supplements. It is least expensive and is widely used in packaged food products to enhance the nutritional value and to improve the shelf-life of the product. It is used in processed meat and processed seafood as an additive and preservative to maintain freshness, quality, and nutritional content of the processed material. GRAS approval by the FDA will improve the demand for microcrystalline cellulose in the food industry during the forecast period.”
According to the report, one of the major drivers for this market is Growing demand for microcrystalline cellulose as excipient. Microcrystalline cellulose is widely used as an excipient in the pharmaceutical industry due to its improved performance and excellent properties. It is compressible and is used in solid forms in drugs and capsules. The use of microcrystalline cellulose in food products and pharmaceuticals is approved as safe by the FDA. The pharmaceutical industry is the fastest growing application segment of microcrystalline cellulose. The sudden growth of the pharmaceutical industry will increase the demand for microcrystalline cellulose in the production of tablets, drugs, and capsules.
Further, the report states that one of the major factors hindering the growth of this market is Availability of anti-caking substitutes. With the approval from the FDA to use powdered cellulose as an anti-caking agent will become a threat to the global microcrystalline cellulose market. The first ever application of powdered cellulose as an anti-caking agent is in shredded and grated cheese products. Due to the improved performance, powdered cellulose is preferred in the dairy industry as a substitute for microcrystalline cellulose. Powdered cellulose improves flowability, prevents clumping, and ensures that the weight is controlled efficiently, which helps in packaging.
Asahi Kasei, FMC, FrieslandCampina, MINGTAI CHEMICAL, Tembec, Anhui Sunhere Pharmaceutical Excipients, Ankit Pulps and Boards, Amishi Drugs & Chemicals, Godavari Biorefineries, Huzhou City Linghu Xinwang Chemical, JRS Group, JUKU, RanQ Remedies, Sigachi Industries, and SPECHEM CELLULOSE.
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