Global Microcrystalline Cellulose Market 2023-2027
The microcrystalline cellulose market is forecasted to grow by USD 401.24 mn during 2022-2027, accelerating at a CAGR of 6% during the forecast period. The report on the microcrystalline cellulose market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of the pharmaceutical industry, rapid growth in online sales of microcrystalline cellulose products, and an increase in research and development activities.
Technavio's microcrystalline cellulose market is segmented as below:
By Application
- Pharmaceutical
- Food and beverage
- Cosmetics and personal care
- Others
By Material
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the growth of non-wood-based microcrystalline cellulose as one of the prime reasons driving the microcrystalline cellulose market growth during the next few years. Also, growth in the construction industry and increased demand for packaged food will lead to sizable demand in the market.
The report on the microcrystalline cellulose market covers the following areas:
- Microcrystalline cellulose market sizing
- Microcrystalline cellulose market forecast
- Microcrystalline cellulose market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microcrystalline cellulose market vendors that include Accent Microcell Pvt. Ltd., Amishi Drugs and Chemicals Pvt Ltd, Asahi Kasei Corp., Ashok Chem Pharma International, Avantor Inc., CelluTech Pharma Pvt. Ltd., Chemfield Cellulose Pvt. Ltd., DuPont de Nemours Inc., Foodchem International Corp., J RETTENMAIER and SOHNE GmbH and Co KG, Libraw Pharma Excipients Pvt. Ltd., Maple Biotech Pvt. Ltd., MINGTAI CHEMICAL CO. LTD, NB Entrepreneurs, Pharmatrans Sanaq AG, Quadra Chemicals Ltd., Roquette Freres SA, Royal FrieslandCampina NV, Sigachi Industries Ltd., and SixRing Inc.. Also, the microcrystalline cellulose market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.