Microcrystalline Cellulose (MCC) Market Size, Industry Analysis Report, Price Trend, Competitive Market Share & Forecast by 2024: Global Market Insights, Inc.

Microcrystalline Cellulose (MCC) Market size was over USD 630 million in 2015 and is forecast to surpass USD 1 billion by 2024, growing at more than 7% CAGR from 2016 to 2024. Increasing application scope in pharmaceuticals and cosmetic sectors accompanied by FDA approval as safe ingredient to consume are among the key factors driving global microcrystalline cellulose (MCC) market size growth.

North America, influenced by the Canada and U.S. microcrystalline cellulose market size, dominated the regional industry demand and accounted for over 30% of the global market in 2015. Growing demand from food & beverages and pharmaceutical sectors accompanied by positive regulatory outlook towards the ingredient are key driving factors.

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Microcrystalline cellulose (MCC) is a suitable ingredient in various end-use industries owing to its non-degradability in digestion. The product is classified into two groups, wood based derived from wood pulp and non-wood based which formed through fungi, bacteria, algae or marine animals.
Microcrystalline cellulose production was over 20 kilo tons in 2015 and application includes food & beverages, pharmaceuticals, paints & coatings, and personal care industry. Pharmaceuticals led the application segment and accounted for over 32% of the overall market share. MCC is widely used as a texturizer, emulsifier and as an extender in pharmaceuticals. The product is compatible with every dosage type such as pellets, capsules, sachets, and tablets.
MCC is ideal for pharmaceuticals as it is taste & odor less and also exhibits chemical inertness. Multifunctional excipients development and co-processed excipients is predicted to favor industry growth. Moreover, need to address solubility issues raised by Active Pharmaceutical Ingredients is another reason to increase product adoption.
Food & beverages is the second largest application segment, MCC is used as anticaking and bulking agent owing to its insolubility in water. Food & beverages application includes desserts, dairy products, frozen food, and baked goods. Moreover, it also acts as a fat alternative, and also helps to enhance and maintain food consistency. Global food & beverage market size was over USD 15 trillion in 2015; change in consumer eating behavior due to hectic lifestyle are considering factors to witness growth in this application segment.

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However, high production cost accompanied by comparatively less yield may adversely affect the microcrystalline cellulose (MCC) market price trend. Microcrystalline cellulose market share is fairly fragmented owing to presence of large number of industry manufacturers. Major industry players include FMC Corporation, DuPont, JRS Pharma, Juku Orchem, DFE Pharma, Asahi Kasei, and Tembec.

Microcrystalline cellulose production is mainly focused in China and U.S. Benefits from economies of scale owing to less cost raw material availability, less stringent regulations, and presence of skilled labor are key influencing factors influencing industry manufacturers to shift their production base to Asia Pacific, mainly in China, India, Japan, and Vietnam. Other market participants include Blanver Farmoquimica, Libraw Pharma, Avantor Performance Materials, Accent Microcell Pvt Ltd., Mingtai Chemical, Sigachi Industries, and J. Rettenmaier & Sohne Gmbh.