Global Microcrystalline Cellulose Market Analysis, 2024-2030

The microcrystalline cellulose is purified and refined cellulose that is obtained through plants. Microcrystalline cellulose is produced through wood pulp that is refined, and other fibrous plants. The substance is insoluble in water, organic solvents, and mineral acids. However, it is partially soluble in bases such as sodium hydroxide. It looks like fine crystalline white powder.

The global microcrystalline cellulose market report depicts the existing market state of affairs by holding more than 280 hours of secondary and primary research. This microcrystalline cellulose market is spreading rapidly across geographies. This global microcrystalline cellulose market is valued at US $ xxx billion dollars in 2018 which is anticipated to hit a valuation of US $ xxx billion dollars by the end of 2023 growing at a CAGR of xx%.

The microcrystalline cellulose is used in various areas such as wood industry to provide texture. It is also used as a stabilizer, anti-caking agent, fat substitute and much more. It plays major roles in the pharmaceutical industry, self-care industry, and paint industry. The coating industry, food, and beverage industries also utilize the microcrystalline cellulose. Vitamin supplements and tablets also contain the substance. Pasteurized cream, fermented milk, cheese, and other dairy products also contain the microcrystalline cellulose in bulk. It is applied to processed fruit, vegetables, and dried eateries as well.

The major growth driver of the microcrystalline cellulose market includes the method through which the product is made. Due to the increasing need to conserve the environment, the product can be manufactured via non-wood-based substances. Some of the substances include soya bean husks, groundnut husks, sugarcane, coconuts, jute, wheat, and rice straws. It is also considered safe to a certain extent by food experts. Hence, it is widely incorporated in the food, beverage and pharmaceutical industries which led to the growth of the market.

However, using the microcrystalline cellulose in the pharmaceutical industry could cause health hazards. It can lead to drastic weight loss, increased bowel moments and allergic reactions. It could also lead to depression, anxiety, fatigue, and headaches. It could make individuals lose their hair and cause fast heartbeats. Due to the health hazards the substance poses, there has been reduction in the growth of the microcrystalline cellulose market. The major regions that produce the microcrystalline cellulose include the Asia Pacific, India, China, Malaysia, and Indonesia. The major development is expected in the markets concentrated in the Asia Pacific due to the rising demand across pharmaceutical, food and beverage industries.

The major companies that are key players in the market include FMC Corporation, Asahi Kasei Corporation, Sigachi Industrial, and Accent Microcell. The other contributors include Mingtai Chemicals, Libraw Pharma, and Juku Orchem.

Our Approach

The research process starts with market segmentation of the global microcrystalline cellulose industry, followed by recognizing the main elements which influence the growth in every segment and later conducting market forecasts. Market forecasts are carried out based on the insights given by the business influential’s from across the global microcrystalline cellulose industry value chain. Market Krystal hence held more than 45 interviews for this study and all the details of the same are mentioned below:

By company type:

Manufacturers (45%), Suppliers (15%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (40%), Europe (25%)

By designation:

Top level (50%), Operation level (25%), Mid-level (25%)

Contents of the report:

• Insights on the global microcrystalline cellulose industry dynamics
• Estimation of the current global microcrystalline cellulose market size in terms of value and volume
• Global microcrystalline cellulose market breakup based on source (wood-based, non-wood-based), application (cosmetics, food, pharmaceutical), and geography (North America, Europe, Asia-Pacific, Middle East, Africa & Latin America)
• Substantiated global microcrystalline cellulose market forecast for the next five years
• Thorough analysis of the leading companies working across different nodes of global microcrystalline cellulose industry value chain