Global Microcrystalline Cellulose (MCC) Market Research Report 2024(Status and Outlook)

Global Microcrystalline Cellulose (MCC) Market Research Report 2024(Status and Outlook)

Report Overview

Microcrystalline cellulose (MCC) is a type of cellulose derivative that is widely used in various industries as an additive, excipient, or filler. It is composed of small, crystalline particles of cellulose, which is a naturally occurring polymer found in the cell walls of plants.

MCC is primarily produced from purified wood pulp or other plant sources through a process of partial hydrolysis, purification, and milling. The resulting material is a white, odorless powder with excellent flow properties and a high degree of purity.

The global Microcrystalline Cellulose (MCC) market size is projected to reach US$ 1659.14 Million by 2029 from US$ 1035.10 million in 2022 at a CAGR of 6.98% during 2023-2029. Significant growth in the global pharmaceutical industry is Microcrystalline Cellulose Market core driver of development. Biopharmaceutical R&D expenditures have increased significantly in recent years, and MCC is one of the most important and widely used excipients in the pharmaceutical industry. MCC is one of the most commonly used direct compression adhesives and is generally considered the best thinner for bonding. Biopharmaceutical R&D spending has grown substantially in recent years. Therefore, the use of microcrystalline cellulose in the pharmaceutical industry will witness rapid growth during the forecast period, thereby driving the overall microcrystalline cellulose market.

On the other hand, food and beverage applications of microcrystalline cellulose have been in high demand in recent years, thereby boosting the market growth. It is traditionally used as a thickener and emulsifier, binder, filler and anticracking agent in a variety of food products, including bakery products, meat, dairy and seafood products. MCC can be used as a food additive. It has unique advantages because it is natural and pure, tasteless and non-toxic, and does not affect color, taste and shape. Factors such as increasing usage in the cosmetics and skincare industry, demand from consumers and various industries for products with natural and plant-based ingredients, and growth of non-wood-based MCC also play an important role in the growth of the microcrystalline cellulose market.

At the same time, factors such as the availability of alternatives for specific food, beverage, and pharmaceutical applications, the production cost of MCC, and the disadvantages of MCC will act as a hindrance to the MCC market, and market players need to maintain more attention on this.

Segment by Type, the Microcrystalline Cellulose (MCC) can be split into Wood Pulp Based, Refined Cotton Based, etc. Although there are many different sources of plant cellulose used to make MCC, wood and cotton are always fibers The main industrial source of vitamins. The Wood Pulp Based category contributed the highest revenue to the market and already accounted for 87.08% of the market share in 2022.

Pulp from a variety of tree species is readily available and cost-effective compared to other raw materials used in MCC production, such as refined cotton. Wood pulp is sourced from sustainable forestry practices, ensuring a consistent, reliable supply for MCC manufacturers. The cost advantage of wood pulp MCC makes it the preferred choice for many industries including pharmaceuticals.

Classified by Application, the Microcrystalline Cellulose (MCC) can be split into Pharmaceutical, Nutraceutical, Food & Beverage, Cosmetics & Personal Care, Others. The Pharmaceutical segment already accounted for more than 50% market share in 2022 and is expected to grow during the forecast period maintain this dominance. Microcrystalline cellulose is a commonly used excipient in the pharmaceutical industry. It has excellent compressibility and is used in solid dosage forms such as tablets. It is the most widely used direct compression excipient and can be used as a strong dry binder, tablet disintegrant, absorbent, filler or Thinner, lubricant and anti-sticking agent. The growth of the pharmaceutical industry depends on factors such as the number of diseases, the price of drugs, how people feel about them, government (and insurance company) policies, and the number of drugs available. This, in turn, increases the demand for microcrystalline cellulose.

On basis of geography, the Microcrystalline Cellulose (MCC) market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. North America, Asia-Pacific and Europe already accounted for 32.70 in 2022 %, 30.62% and 27.32% of the market share. But during the forecast period 2023-2029, the Asia-Pacific market will witness the highest growth rate and is expected to be the market with the highest market share. Growing demand for microcrystalline cellulose from the pharmaceutical and cosmetic industries in countries such as China and India is expected to drive the demand for microcrystalline cellulose in the region. At present, China is the largest producer and exporter of APIs in the world, accounting for about 20% of the total production of APIs in the world. This is due to increased government support and low utility costs. In 2021, there will be more than 7,000 raw material drug manufacturers in China's raw material drug market, a five-fold increase in five years, with an annual production capacity of more than 2 million tons. India is the largest supplier of generic drugs, meeting 40% of generic drug demand in the United States and 30% of generic drug demand in the United Kingdom.

According to our calculation, CR5 and HHI in the global Microcrystalline Cellulose market are 71.60% and 16.00% respectively. This means that the concentration of the global Microcrystalline Cellulose market is moderate. Key market players are investing heavily in research and development to increase their product lines, which will help the microcrystalline cellulose market to grow further. Key market players include DuPont, JRS, Asahi Kasei, Mingtai, Roquette, Wei Ming Pharmaceutical, Accent Microcell, Sigachi, Anhui Sunhere Pharmaceutical, Huzhou Zhanwang Pharmaceutical, Linghu Xinwang Chemical, Shandong Guangda, Aoda Pharmaceutical, Jining Six Best Excipients , QuFuShi Medical, Xinda biotchnology, Qufu Tianli, Ahua Pharmaceutical, Rutocel.

This report provides a deep insight into the global Microcrystalline Cellulose (MCC) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Microcrystalline Cellulose (MCC) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Microcrystalline Cellulose (MCC) market in any manner.

Global Microcrystalline Cellulose (MCC) Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

DuPont

JRS

Asahi Kasei

Mingtai

Roquette

Wei Ming Pharmaceutical

Accent Microcell

Sigachi

Anhui Sunhere Pharmaceutical

Huzhou Zhanwang Pharmaceutical

Linghu Xinwang Chemical

Shandong Guangda

Aoda Pharmaceutical

Jining Six Best Excipients

QuFuShi Medical

Xinda biotchnology

Qufu Tianli

Ahua Pharmaceutical

Rutocel

Market Segmentation (by Type)

Wood Pulp Based

Refined Cotton Based

Market Segmentation (by Application)

Pharmaceutical

Nutraceutical

Food & Beverage

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Microcrystalline Cellulose (MCC) Market

Overview of the regional outlook of the Microcrystalline Cellulose (MCC) Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Microcrystalline Cellulose (MCC) Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.