Microcrystalline cellulose is refined wood pulp and chemically inert substance, extensively used in food, pharmaceuticals, cosmetic, and polymer composite industries. This is, owing to its non-toxicity, renewability, biodegradability, and mechanical properties such as high surface area and bio compatibility. In processed food products, it is used as an emulsifier, stabilizer, anti-caking agent, texture modifier, stabilizer, fat substitute, and suspending agent.
Microcrystalline Cellulose market was valued at US$ 1,029.2 Million in 2021 in terms of revenue, exhibiting a CAGR of 6.7% during the forecast period (2022 to 2030).
Increasing application of microcrystalline cellulose in various industries is a major factor propelling growth of the global microcrystalline cellulose market. For instance, microcrystalline cellulose is used as stabilizer, gelling agent, suspending agent, and anti-caking agent in beverages. It is also used as a cold and hot stabilizer, in frozen food, ice cream, and canned meat, in order to improve the shelf life of these products. Furthermore, MCC (Microcrystalline Cellulose) is widely used in pharmaceuticals, owing to its tastelessness, odorlessness, and chemical inertness properties. According to the International Trade Administration, in 2021, the global market for pharmaceuticals is projected to grow from around US$ 1.22 trillion in 2021 to US$ 1.42 trillion by 2021. Steadily growing pharmaceutical industry is expected to support market growth of microcrystalline cellulose over the forecast period.
Among regions, North America held the dominant position, in terms of revenue, in the global microcrystalline cellulose market in 2021, and accounted for a market share of 30.47%. This is attributed to steadily growing food and pharmaceutical industries as microcrystalline cellulose has high demand in pharmaceuticals and is extensively used as functional ingredient in food and beverages. Moreover, increasing demand for low fat food, owing to growing obese population in the region is a factor expected to support growth of market over the forecast period. This is because MCC is gaining popularity as a cellulose-based fat replacer and is widely used in sauces, dairy products, salad dressings, and frozen desserts.
Figure 1. Global Microcrystalline Cellulose Market Value Share (%), By Region, 2021
Lack of universal directives pertaining to applications of microcrystalline cellulose is expected to restrain market growth during the forecast period. Every country has different directives pertaining to use and applications of microcrystalline cellulose. Key players find it difficult to cope with such country wise regulations, which in turn is discouraging investment in the Microcrystalline Cellulose industry, thereby restraining market growth.
|Base Year:||2021||Market Size in 2021:||1,029.2 Mn|
|Historical Data for:||2017-2021||Estimated Year:||2022|
|Forecast Period 2022 to 2030 CAGR:||6.7%||Forecast Period:||2022-2030|
Huzhou City Linghu Xinwang Chemical Co., Ltd., Rayonier Advanced Materials, DFE Pharma, Mingtai Chemical Co., Ltd, JRS Pharma, Asahi Kasei Corporation, Dupont, Avantor Inc., Sigachi Industries Pvt. Ltd, Foodchem International Corporation, Quadra Chemicals, Maple Biotech Pvt. Ltd., Anhui Sunhere Pharmaceutical Excipients Co., Ltd., Accent Microcell Pvt. Ltd., RanQ, and Chemfield Cellulose
|Restraints & Challenges:||
Increasing disposable income of people and their growing awareness about health is propelling growth of food & beverages and pharmaceuticals industries in emerging economies and in various sub regions such as China, India, South Africa, Indonesia, Brazil, The Association of Southeast Asian Nations (ASEAN) etc. Thus, expanding pharmaceuticals and food & beverages in industries is expected to boost demand for microcrystalline cellulose, which in turn is expected to boost growth of market.
Figure 2. Global Microcrystalline Cellulose Market Value Share (%), By End Use Industry, 2021
Among end use industry, pharmaceutical segment accounted for a dominant share in market in 2021, owing to high use of microcrystalline cellulose in pharmaceutical. This is due to its chemical inertness and dry binding properties. Furthermore, food and beverage segment is expected to exhibit a substantial growth in the global microcrystalline cellulose market over the forecast period. This is due to wide application of micro crystalline cellulose in various food and beverages including desserts, frozen food, dairy products, and baked goods. In addition to this, it is also used as a fat replacer and helps maintain food consistency.
Global Microcrystalline Cellulose Market - Impact of Coronavirus (COVID-19) Pandemic
Market was negatively impacted by the effect of COVID-19 pandemic. Major manufactures of microcrystalline cellulose such as MC Corporation, Asahi Kasei Corporation, Juku Orchem Private Limited and Mingtai Chemical Co. Ltd. operating in market have their manufacturing & supply chain facilities across the globe. These players had halted production of microcrystalline cellulose in first and second wave of COVID 19 due to lowered demand, lockdown measures, supply chain bottlenecks, and to protect the safety of their employees.
Major players operating in the global Microcrystalline Cellulose market include Huzhou City Linghu Xinwang Chemical Co., Ltd., Rayonier Advanced Materials, DFE Pharma, Mingtai Chemical Co., Ltd, JRS Pharma, Asahi Kasei Corporation, Dupont, Avantor Inc., Sigachi Industries Pvt. Ltd, Foodchem International Corporation, Quadra Chemicals, Maple Biotech Pvt. Ltd., Anhui Sunhere Pharmaceutical Excipients Co., Ltd., Accent Microcell Pvt. Ltd., RanQ, and Chemfield Cellulose.
Cellulose is an organic substance, with high content of fiber. It is extensively used in packaged food products, in order to enhance their shelf life and to enhance their nutritional value. Pure cellulose is available in market in various forms such as microcrystalline cellulose (MCC), powdered cellulose (PC), and low crystallinity powdered cellulose (LCPC). The difference between various forms of cellulose is related to the size, shape and degree of crystallinity of their particles. Microcrystalline cellulose (MCC) is largely gaining popularity and is used extensively in the pharmaceutical sector. It is a purified and partly depolymerized cellulose with shorter crystalline polymer chains. MCC is widely used as a binder and filler in drug formulations, owing to its strong binding performance. In addition to this, microcrystalline cellulose is also useful in the food & beverages and cosmetics & personal care industries.
Development of new grades of microcrystalline cellulose with improved pharmaceutical characteristics including silicified microcrystalline cellulose (SMCC) and second generation MCC grades, is expected to increase its penetration in the pharmaceutical industry, and support market growth of microcrystalline cellulose. Further, the wide applicability of microcrystalline cellulose is considered as another factor, driving growth of market. Microcrystalline cellulose is widely used in packaged food as a texturizing and anti-caking agent and is also used in cosmetics and personal care products such as hair and skin care products.
North America held a dominant position in the global microcrystalline cellulose market in 2021, owing to growing pharmaceutical industry in the region. According to the European Federation of Pharmaceutical Industries and Associations, in 2021, North America accounted for the largest share in the world pharmaceutical market with 48.5% share. Low calorie food is gaining popularity among obese population in the region, which is expected to support market growth, as microcrystalline cellulose is majorly used as a cellulose based fat replacer in dairy products, sauces, and frozen desserts.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section