Global Microcrystalline Cellulose Market Size, Share, and COVID-19 Impact Analysis, By Source (Wood-based, Non-wood-based), By Application (Pharmaceutical, Food & Beverage, Cosmetics & Personal Care, Paints & Coatings & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

The microcrystalline cellulose market was valued at US$ 0.9 Bn in 2021 and is projected to reach US$ 1.4 Bn by 2030, at a CAGR of 6.1%. Microcrystalline cellulose is a pure type of partially depolymerized cellulose generated from the -cellulose precursor. Reactive extrusion, acid hydrolysis, steam explosion, and enzyme-mediated synthesis are all methods for producing microcrystalline cellulose. Microcrystalline cellulose is used in the pharmaceutical, food and beverage, and personal care sectors on a considerable scale. Microcrystalline cellulose is used in the food and beverage sector to give processed foods a creamy, smooth mouth feel. Low-fat dairy products including frozen yoghurt, whipped cream, and ice cream are made with this. It's employed as fillers, dissolving agents, anti-sticking agents, adsorbents, and capsule diluents in the pharmaceutical sector.

COVID-19 ANALYSIS

The global microcrystalline cellulose market is negatively impacted by the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Several governments of a few countries are considering national-level lockdowns as a viable means of controlling viral transmission. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, and social distancing, causing disruption in the production of raw materials and in turn increasing the cost of raw materials. Shipments of raw materials, as well as revenue produced, have fallen. Furthermore, insufficient raw material supply will limit the rate of microcrystalline cellulose, influencing the management of the microcrystalline cellulose supply chain.

LATEST TREND

Increased Demand for Processed Foods Across the Population

The microcrystalline cellulose market is primarily driven by the global increase in processed food consumption. The use of microcrystalline cellulose as an ingredient has increased as the consumption of processed foods has increased, boosting the market growth. Furthermore, demand for microcrystalline cellulose is projected to be fueled by pharmaceutical items such as tablets and capsules.

DRIVING FACTORS

Prevalence of Plant-based Microcrystalline Cellulose in Bakery Applications

Food and nutrition applications are providing revenue opportunities for companies in the microcrystalline cellulose market. As a compression agent, insoluble fiber, extrusion auxiliary, and anti-caking agent, pure microcrystalline cellulose is employed. Acid hydrolysis of cellulose is used to create plant-based microcrystalline cellulose from fruits, plants, and vegetables. Microcrystalline cellulose producers are increasing their capacity to produce the pure form of MCC, which is physiologically inert and can be utilized in baking and confectionery. For instance, Roquette, a plant-based ingredient expert, is expanding its microcrystalline cellulose portfolio with MICRCOCEL®, which aids in the development of extruded snacks, hamburgers, grated cheese, and dietary supplements.

Increasing Applications in Pharmaceutical Industry

Microcrystalline cellulose is utilized as a stabilizer, binder, film-forming agent, suspension agent, and disintegrant in tablet formulations, ointments, and other topical treatment bases in the pharmaceutical industry. In the pharmaceutical industry, microcrystalline cellulose is one of the most important and commonly utilized excipients. It functions as a diluent and a binding agent in medicinal formulations. It is widely utilized in medicine formulations such as pills, capsules, and sachets. The global microcrystalline cellulose market is being driven even more by the increasing manufacture of medicinal products. Emerging markets like China, Brazil, and India are fast-growing economies that are likely to boost microcrystalline cellulose demand even further.

RESTRAINTS

Availability of Substitutes May Hinder the Market Growth

One of the main problems limiting market growth is the availability of substitutes of different cellulose. Despite these constraints, growing economies offer microcrystalline cellulose market players a plethora of fresh sales opportunities for future expansion limiting the growth of the global microcrystalline cellulose market.

SEGMENTATION

The global microcrystalline cellulose market is segmented by Source (Wood-based, Non-wood-based), Application (Pharmaceutical, Food & Beverage, Cosmetics & Personal Care, Paints & Coatings & Others), and region. Based on the source, the market is categorized into wood-based, and non-wood-based. Based on application, the market is categorized into pharmaceutical, food & beverage, cosmetics & personal care, paints & coatings & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Source Insights

Based on the source segment, the global microcrystalline cellulose market is categorized into wood-based, non-wood-based. The wood-based segment accounted largest market share in 2020 due to the chemical characteristics of microcrystalline cellulose obtained from various wood sources differ because to differences in alpha-cellulose composition in distinct types of wood. Wood-based sources make for the majority of commercially available microcrystalline cellulose.

Application Insights

Based on the application segment, the global microcrystalline cellulose market is categorized into pharmaceutical, food & beverage, cosmetics & personal care, paints & coatings & others. The pharmaceutical segment accounted largest market share in 2020 due to the MCC is increasingly found in quick-release tablets and liquid dosage forms, sustained-release multiparticulates and matrix tablets dosage forms, topical formulations, and chewable and effervescent tablets.

REGIONAL INSIGHTS

The global microcrystalline cellulose market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Europe is expected to dominate the market share of the global microcrystalline cellulose market owing to the growing demand for microcrystalline cellulose for pharmaceutical and food applications is propelling the market growth in Europe. For instance, according to International Trade Administration (ITA), in 2017, the pharmaceutical industry manufactured products in Germany were valued at USD 37.40 billion, an increase of about 4.7% compared to the previous year. However, Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period due to the increased spending on medicine discovery and pharmaceutical corporation’s ongoing efforts to provide superior-quality products Furthermore, the processed food industry in the region is growing due to economic recovery and an increase in employment rates, which supports the expansion of the microcrystalline cellulose market in this region.

KEY INDUSTRY

· DuPont

· Asahi Kasei Corporation

· Roquette Frères

· DFE Pharma

· JRS PHARMA

· Avantor

· Sigachi Industries

· Huzhou City Linghu Xinwang Chemical Co., Ltd

· FMC Corporation

· Accent Microcell Pvt. Ltd.

· Ming Tai Chemical Co. Ltd.

· RanQ

· Maple Biotech Pvt. Ltd.

· Quadra Chemicals

· Others

KEY INDUSTRY DEVELOPMENTS:

August 2021- DFE Pharma announced the collaboration with AJM Pharma as a key supplier with BioHale® Sucrose to support COVID-19 vaccine supply challenges in Pakistan.

December 2019- Asahi Kasei has acquired halal certification1 for Ceolus and Celphere microcrystalline cellulose products, used for the purposes of pharmaceutical excipients and food stabilizers by The Assessment Institute for Foods, Drugs and Cosmetics, the Indonesian Council of Ulama (MUI).

SEGMENTATION 

By Source

• Wood-based
• Non-wood-based

By Application

• Pharmaceutical
• Food & Beverage
• Cosmetics & Personal Care
• Paints & Coatings
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia