Microcrystalline Cellulose Market 2018: Analysis, Size, Share, Growth and Trends by Forecast to 2023

Microcrystalline Cellulose is used in various end-user industries such as pharmaceuticals, food & beverage and cosmetic & personal care among others. The growing demand from the developing region across the globe are the major factors driving the Global Microcrystalline Cellulose Market. The growing health consciousness amongst the population has augmented the use of low fat containing a product, which, in turn, is expected to fuel the market demand. Among the various end-use segment pharmaceutical segment closely followed by the food & beverage are the dominant industries and is expected to show the same trend during the forecast years.

Market Segmentation
The Global Microcrystalline Cellulose Market is segmented into source type and end-user industry. On the basis of source type, the market is segmented into wood-based and nonwood-based.  On the basis of the end-user industry, the market is further segmented into food & beverages, pharmaceuticals, cosmetic & personal care, and others.

Market Scenario
The pharmaceutical segment is the leading the market on account of its growing use as an excipient in the pharmaceutical industry owing to its inertness to chemicals. It is extensively used as solid forms of capsules and drugs. Moreover, the food and beverage segment is also expected to exhibit substantial growth during the forecast years. The growing demand for processed food throughout the globe along with the growing application as a fat substitute is positively affecting the growth of the segment.

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Competitive Analysis
Some of the prominent players operating in the Global Microcrystalline Cellulose Market are FMC Corporation (U.S.), DFE Pharma (Germany), DuPont (U.S.), Asahi Kasei Corporation (Japan), Mingtai Chemical Co. Ltd (Taiwan), Avantor Performance Materials (U.S.), Tembec Inc. (Canada), JRS Pharma (Germany), Blanver Farmoquimica Ltda. (Brazil), and Sigachi Industries Pvt. Ltd. (India).

Regional Analysis
The Global Microcrystalline Cellulose Market is spanned across five key regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific is anticipated to be the fastest growing market with an expanding CAGR during the forecast period. The developing end-user industries in the region such as pharmaceuticals and personal care are expected to fuel the market growth. The Asia Pacific region is expected to register a CAGR of over 7% during the forecast years. The key counties attributing to the growth of Microcrystalline Cellulose in this region are India, China, and Japan.  North America is the largest region in the Global Microcrystalline Cellulose Market. The developed end-user industries coupled with the growing adoption of microcrystalline cellulose are the fuelling the market growth. The major countries attributing to this growth are the U.S. and Canada. European Microcrystalline Cellulose Market is mainly driven by the developed pharmaceutical and cosmetic & personal care industry. Moreover, the growing demand for processed food and beverage is expected to have a key impact on the market growth.

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Microcrystalline Cellulose Market 2018: Research, Competitor Strategy, Industry Trends and Forecast to 2023

Market Overview
Microcrystalline Cellulose is a partially depolymerized, naturally occurring cellulose form wood pulp. It has properties such as anti-caking, bulking, and texturizing that are majorly required for keeping processed food fresh. The unique properties such as powder porosity, moisture sorption, and swelling capacity. Being a chemically inert substance, it has very less absorption capacity and does not dissolute during digestion. Due to this reason, it is highly used in excipient production in pharmaceuticals and is the major driver of the Global Microcrystalline Cellulose Market. The other driver for the global market growth is it being a fat substitute, primarily used in low-fat processed food.

The increasing demand for pharmaceuticals with the growing population consumes a major quantity of microcrystalline cellulose followed by food and beverage industry. The global market growth is also driven by the cosmetic and personal care industry. The unique properties of extender, binder, and texturizer are extensively used in personal care products. The growing demand for personal care products with the concerned grooming and self-care population is expected to increase the market growth.

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Market Segmentation
The Global Microcrystalline Cellulose Market is segmented as per the raw material, end-user, and region.

There are only two raw material sources available, namely wood based and non-wood based. Out of these, the non-wood based raw material source is likely to dominate the market due to the excessive demand for synthetically produced and cheap products.

Based on End-User, the market is segmented into pharmaceuticals, food & beverage, cosmetic & personal care, and others.

Regional Analysis
The Global Microcrystalline Cellulose Market is segmented into five key regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is the major contributor to the market growth due to the increasing food & beverage industries. The increasing number of pharmaceutical and food & beverage industries in this region in expected to fuel the market growth in near future. The regulatory association named the U.S Pharmacopeial Convention has identified Microcrystalline Cellulose as an excellent excipient, which has propelled the market growth. The U.S contributes significantly to the market share in terms of revenue followed by Canada. Europe is another substantial region contributing to the market growth owing to the pharmaceutical and cosmetic industries in this region. Asia Pacific is expected to hold a considerable share of the market in coming years. Countries such as China are concentrated to the production of Microcrystalline Cellulose due to the low raw material and labor cost. The U.S is the major producer of Microcrystalline Cellulose followed by China.

In Latin America & Africa, the growing medical support and availability of pharmaceutical at ease is expected to fuel the market growth during the forecast period. However, poor health and safety standards may hinder the market growth in this region.

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