At 4.8% CAGR, Global Microcrystalline Cellulose Market to Surpass US$ 818.2 Mn By 2028, Forecast Report By Zion Market Research

Leave a Comment / By Editor Acess / November 21, 2023

The global microcrystalline cellulose market is likely to grow from $570.1 million in 2021 to $818.2 million by the end of 2028. It is likely to exhibit exponential growth with a healthy CAGR of 4.8% during the forecast period. The report offers in-depth analyses of the growth factors, opportunities, and challenges in the market during the forecast period.

Microcrystalline Cellulose Market: Overview

Microcrystalline cellulose is refined wood pulp adopted as a bulking agent, extender, texturizer, fat substitute, emulsifier, anticaking agent, and others. It is largely used as a supplement in the form of a tablet. It is extracted with the help of a controlled hydrolysis process. Purified alpha-cellulose extracted from natural wood cellulose with mineral acid is hydrolyzed to produce microcrystalline cellulose. It is a partial deep polymerized cellulose in pure form. There are many ways to synthesize microcrystalline cellulose like enzyme-mediated synthesis, steam explosion acid hydrolysis, and reactive exclusion. Microcrystalline cellulose is used in a number of applications in the personal care, food, pharmaceutical, and cosmetic sector. It is also found in ice cream, whipped cream, and frozen yogurts. Most of the low-fat dairy products contain microcrystalline cellulose.

COVID-19 Impact:

The outbreak of the Covid-19 pandemic has significantly impacted the growth trajectory of the global microcrystalline cellulose market, as many end-user sectors were badly affected by the pandemic landscape. The worldwide lockdowns imposed bans on travel, sales, and purchases along with retail business closures. Sectors like cosmetics were severely affected. However, pharmaceuticals, a major end-user of microcrystalline cellulose, experienced a spike in demand during the Covid-19 pandemic due to the growing cases of hospitalization, which in turn has strongly fueled the growth of the global market.

Get a Free Sample : https://www.zionmarketresearch.com/sample/microcrystalline-cellulose-market

Microcrystalline Cellulose Market: Growth Drivers

High demand from the pharmaceutical sector will fuel the growth of the global market.

Microcrystalline cellulose is massively used as an excipient in the pharmaceutical sector owing to its superior compressibility properties. It is majorly utilized in the form of solid-like tablets. It functions as direct compression excipients which work like anti-adherent, filler, absorbent, tablet disintegrant, and dry binder. It is utilized in both direct compression and wet granulation processes for capsule and oral tablet formulations. Its properties like disintegrant and lubricant make it ideal for direct tableting. The pharmaceutical segment is growing exponentially in several regions all across the globe, which in turn is also likely to spike the demand for microcrystalline cellulose in the market. The constantly growing production of pharmaceutical products, particularly in emerging countries like India, China, and Brazil, is likely to drive the growth of the global microcrystalline cellulose market in the forthcoming years.

Microcrystalline Cellulose Market: Restraints

Availability of substitutes will hamper the growth of the global market.

Microcrystalline cellulose has majorly no available substitutes, but there are few products that are better than microcrystalline cellulose and can be highly used in special applications. A few of such products include carboxymethyl cellulose (CMC), croscarmellose sodium, kappa-carrageenan, and others. These products are widely being used in the food and beverage sector to stabilize baking products and ice creams.

Microcrystalline Cellulose Market: Opportunities

Growing inclination towards non-wood-based microcrystalline cellulose is likely to create new growth opportunities in the global market.

Microcrystalline cellulose is currently manufactured with the help of wood pulp. However, production is quite expensive for manufacturers. Therefore, manufacturers are finding non-wood sources better than wood pulp. Non-wood sources include agricultural waste and have no environmental impact. Such new techniques are still in process. But such technology is likely to pose a huge growth opportunity in the global market in the forthcoming years.

Microcrystalline Cellulose Market: Challenges

Production of glucose microcrystalline cellulose is a huge challenge in the global market.

Manufacturing microcrystalline cellulose requires several steps like drying, bleaching, washing, and acid hydrolysis before the production of the end product. Therefore, it raises the cost of the production of microcrystalline cellulose. Manufacturers are striving hard to lower the overall production of non-wood-based microcrystalline cellulose, and therefore, it has emerged as a huge challenge in the global market.

Microcrystalline Cellulose Market: Segmentation

The global microcrystalline cellulose market can be segmented into source type, application, and region.

By source type, the market can be segmented into non-wood and wood-based sources.

By application, the market can be segmented into cosmetics & personal care, food & beverage, pharmaceuticals, and others.

Recent Developments

DFE Pharma, in July 2021, introduced silicified microcrystalline cellulose named Pharmacel sMCC 90. Pharmacel sMCC 90 is a synergistic solution that will obstruct oral solid dosage formulations.
Aloisia Beauty, in March 2021, launched GLOW Exfoliating Soft Peel. It is a gel-based multi-action peel that smoothens skin texture, exfoliates all the dead skin cells, clears pores, and also locks-in skin’s moisture to unveil fresh, glowing, and soft skin.

Microcrystalline Cellulose Market: Regional Landscape

Asia Pacific accounts for the largest share in the global microcrystalline cellulose market due to the fast proliferating end-user sector in the region. Furthermore, the constantly growing disposable income of the people in the region will further complement the growth of the market. There is high demand for low-fat dairy products in the region, which is likely to accentuate the growth of the regional market.

Directly Purchase a copy of the report with TOC @

https://www.zionmarketresearch.com/toc/microcrystalline-cellulose-market