Microcrystalline Cellulose (MCC) Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, UK, Germany, China, Japan - Size and Forecast 2024-2028

Microcrystalline Cellulose Market Size 2024-2028

The microcrystalline cellulose market size is forecast to increase by USD 440.3 million at a CAGR of 6.22% between 2023 and 2028. The growth rate of the market is contingent upon various key factors. Primarily, the burgeoning pharmaceutical industry plays a pivotal role, as microcrystalline cellulose products are essential components in drug formulation and manufacturing processes. Additionally, the rapid expansion of online sales channels for microcrystalline cellulose products reflects evolving consumer trends and preferences, contributing significantly to market growth and accessibility. Furthermore, the increase in research and development activities drives innovation and product diversification, fostering the development of novel applications and formulations. As companies invest in enhancing product quality and exploring new avenues for utilization, the market experiences sustained growth, propelled by the intersection of pharmaceutical advancements, shifting consumer behavior, and a commitment to continuous innovation. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

What will be the  Market Size During the Forecast Period?

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Market Definition 

Microcrystalline cellulose (MCC) refers to a kind of purified and partially depolymerized cellulose and is commonly used as a filler, disintegrant and bulking, binding, and lubricant agent in drug formulations and as vitamin supplements. By material, it can be divided into wood-based and non-wood-based.

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Market Dynamics

Microcrystalline Cellulose (MCC) is a refined and partially depolymerized form of Alpha-cellulose derived from wood pulp and non-wood sources. It is widely used as an excipient in various industries, including the pharmaceutical segment, for drug development in tablet formulations, ointments, and suspension agents. In the processed food industry, Lignocellulosic materials and Microcrystalline Cellulose are essential components in various industries, contributing significantly to their growth. The market is driven by the escalating demand for MCC derived from alpha-cellulose and wood pulp in diverse applications such as drug development, processed food industry, and personal care industry. MCC serves as a versatile stabilizer and binder in formulations across the food and beverage sector while also finding usage in the rubber industry. However, challenges such as sourcing sustainable lignocellulosic materials and ensuring consistent quality pose obstacles. Amidst these trends, the market sees opportunities for innovation and growth, propelled by the expanding applications of MCC in various industries. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

The growth of the pharmaceutical industry is notably driving market growth. To survive and thrive in a competitive environment, sports software companies are adopting new customer-centric pricing strategies enabled by technological advances. A growing number of sports software companies are adopting value-based pricing models that focus on customer demand and value perception. Software pricing and delivery are based on the software vendor's ability to offer differentiating value for customers. Economic and market factors, including the focus on ROI, constrained IT budgets, and customers' choice of free models, such as open source, contribute to the adoption of sports software. Constrained IT budgets and customer perceptions of costly software are putting downward pressure on software prices. 

Moreover, the increased customer demand and pricing strategies have intensified competition among Growth in construction industry companies. This, in turn, has led to a growing need for accelerating processes that support the development of competitive strategies. Sports software helps in sharing information with coaches, club members, and committee members. Companies also increase the capability of their software to support the decision-making capability of clients with better technology. This helps leagues, sports associations, and clubs improve their competitive strategy and gain an edge over their rivals. Such factors will drive the market during the forecast period.

Significant Market Trends 

Growth in the construction industry is a significant challenge hindering the market growth. Visual technologies and AI have gained prominence in the overall sports industry. Therefore, sports leagues, clubs, and coaches are increasingly adopting VR to provide real-time instructions and training to aspiring players. VR enables an athlete to train in real conditions using data that is collected during virtual training sessions. This data can be used to generate insights into player performance by feeding the data into a sports analytics platform to improve the performance levels of players by organizing different training sessions based on the analysis. 

Furthermore, the incorporation of AI in sports coaching platforms has enabled market growth. IBM uses AI and cognitive solutions to offer real-time feedback to players. Through the IBM Watson cognitive solution, the company offers data insights and feedback to sports coaches. Thus, the introduction of VR technologies and AI for sports will positively impact the growth of the market during the forecast period.

Major Market Challenge

Complexities in manufacturing microcrystalline cellulose is a significant challenge hindering the market growth. The adoption of advanced technology in many industry verticals, including the sports industry, is increasing significantly, thereby leading to system integration and interoperability issues. companies should provide IT solutions that can be integrated seamlessly with the IT infrastructure of end-users of sports software. Technical glitches during operations can incur huge costs to sports clubs and leagues and reduce operational efficiencies.

Moreover, the integration of multiple IT systems on traditional or legacy IT infrastructure can create a lot of cross-platform system integration issues. Therefore, companies should seamlessly integrate multiple IT systems in sports clubs and leagues with the help of an IT team that has the requisite technical expertise. Thus, system integration and interoperability issues are anticipated to hamper the demand for sports software and, in turn, hinder the growth of the market during the forecast period.

Segmentation by Application, Material, and Geography 

Application Analysis

The market share growth by the pharmaceutical segment will be significant during the forecast years. The significant growth of the pharmaceutical industry is one of the key factors contributing to the growth of the market. Microcrystalline cellulose is commonly and widely used in the pharmaceutical industry as an excipient. It is generally used in the form of solid dose-like tablets and contains excellent compressibility properties. It can bind, stabilize, and be used as a film-forming agent, suspension agent, and disintegrant in tablet formulations, ointments, and other forms of topical bases. 

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The pharmaceutical segment was the largest segment and was valued at USD 395.20 million in 2018. The pharmaceutical-grade microcrystalline cellulose material is supplied as a white, freely flowing fibrous power and used as a binding agent in pharmaceutical formulations and drug preparations such as tablets, capsules, sachets, and others. The growing production of pharmaceutical products will drive the demand for microcrystalline cellulose during the forecast period. Microcrystalline cellulose plays a crucial role in the pharmaceutical industry for preparing various pharmaceutical formulations. Therefore, such factors will propel the growth of the pharmaceutical sector in the market during the forecast period.

Material Analysis 

Based on material, the market has been segmented into wood-based and non-wood based. The wood-based?segment will account for the largest share of this segment.?Wood is the most common source of microcrystalline cellulose, in which the cellulose chains are packed in layers held together by cross-linking polymer (lignin) and strong hydrogen bonds. The wood-based microcrystalline cellulose is primarily used in pharmaceutical grade as it requires high-quality pulp for pharmaceutical excipient formulations. These microcrystalline celluloses are also widely used in applications of food production, texturizers, anti-caking agents, fat substitutes, emulsifiers, and extenders. Wood-based pose certain benefits such as chemical purity, low reactivity, good binding capability, better-disintegrating properties, and others. All these properties make wood-based microcrystalline cellulose popular across various industries, especially in the pharmaceutical industry. Therefore, such factors will drive the growth of the wood-based segment in the market during the forecast period.

Region Analysis

North America is estimated to contribute 31% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.

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Another region offering significant growth opportunities to companies in Europe is expected to hold the highest share of the market during the forecast period. Germany, France, Italy, and Russia are some of the major producers and consumers of microcrystalline cellulose. The increasing demand for pharmaceutical products in the region is expected to drive the demand for microcrystalline cellulose in the pharmaceutical market in the region. The increasing investments in drug development and the significant growth in the pharmaceutical industry encourage the demand for microcrystalline cellulose in the region.

Further, in the food and beverage industry, microcrystalline cellulose is widely used as a food additive to increase the nutritive value of dietary supplements and energy drinks. Microcrystalline cellulose is used in F&B products for stabilizing, suspending, and thickening agents in food and beverages. Increasing demand for food additives in the F and B industry in the region will drive the consumption of microcrystalline cellulose during the forecast period. Countries such as France, Germany, Italy, Russia, and Spain will be the leading markets for food additives in the region in the forecast period.

Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.

Accent Microcell Pvt. Ltd -  The company offers microcrystalline cellulose, which is used as a texturizer, an anti-caking agent, a fat substitute, an emulsifier, an extender, and a bulking agent in food production.

The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including 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.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application Outlook 
  • Pharmaceutical
  • Food and beverage
  • Cosmetics and personal care
  • Others

•  Material Outlook
  • Wood-based
  • Non-wood based
  Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Argentina 
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market finds widespread application across various industries, including personal care and cosmetics, where it contributes to the production of pigments and dyes for cosmetic products. In the active pharmaceutical ingredients sector, ferrochrome serves as a crucial component in pharmaceutical formulations. Its role extends to the food and beverage application, where it enhances food packaging and processing equipment's corrosion resistance. Additionally, in the paints and coatings industry, ferrochrome imparts durability and color to paints. It also finds utility in the detergents industry for enhancing cleaning efficacy. Furthermore, ferrochrome's presence in rubber production and dye industries underscores its versatility and significance across various sectors, contributing to hardness, disintegration properties, and overall product quality.

Further, in the realm of agricultural and industrial applications, plant-based guar gum serves as a versatile component in topical therapeutic bases and plant-based products, providing texture and stability. Through acid hydrolysis, guar gum undergoes a transformation suitable for various uses, such as a density controller and flowability enhancer in the agrochemical sector. Its presence extends to the adhesive industry, contributing to bonding properties. Furthermore, guar gum finds utility in dairy products and seafood products as a thickening agent and stabilizer. In agriculture, it acts as a soil conditioner for cotton crops, bamboo farming, corn crops, banana crops, and soybean crops, enhancing soil structure and water retention. Moreover, its application in the chemical industry and plastic and polymers sector underscores its diverse utility and adaptability across industries.

The Microcrystalline Cellulose (MCC) market is a significant sector in the pharmaceutical industry, utilizing MCC as an excipient for various drug formulations. MCC is a purified, crystalline form of cellulose derived from plant fibers. Its unique properties, including high purity, low moisture content, and excellent compressibility, make it an ideal choice for pharmaceutical applications. The market landscape depends on Mineral acids Freeze-drying, Sucrose, Carboxymethyl cellulose (CMC), Kappa-carrageenan, Croscarmellose sodium (CCS), MeatsMCC is used in several dosage forms, including tablets, capsules, and powders. Its ability to improve the flow properties of powders and tablets, as well as enhance the stability and bioavailability of certain drugs, adds to its value in the pharmaceutical industry. The global MCC market is driven by the increasing demand for pharmaceutical products and the growing preference for oral drug delivery systems.

Market Scope
Report Coverage	Details
Page number	171
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 6.22%
Market Growth 2024-2028	USD 440.3 million
Market structure	Fragmented
YoY growth 2023-2024(%)	5.75
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 31%
Key countries	US, UK, Germany, China, and Japan
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	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.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market forecast during the forecast period
• Detailed information on factors that will drive the growth of the market  between 2024 and 2028
• Precise estimation of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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