The global microcrystalline cellulose market will grow with an anticipated CAGR of 5.61% in terms of revenue during the forecast period, and will reach revenue of $1512.47 million by 2028. In terms of volume, it is projected to record growth at a CAGR of 5.21%, and will reach 236.26 Kilotons by 2028. The base year considered for the market study is 2019. The forecasted period is between 2020 and 2028. The emerging demand for microcrystalline cellulose in the pharmaceutical sector is one of the factors fueling market demand.

GLOBAL MICROCRYSTALLINE CELLULOSE MARKET FORECAST 2020-2028

Global Microcrystalline Cellulose Market by Source (Wood Based, Non Wood Based) by Application (Pharmaceutical, Food & Beverage, Cosmetics & Personal Care, Others) and by Geography.

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Report Summary

The global microcrystalline cellulose market growth is fueled by:

High demand for microcrystalline cellulose in pharmaceuticals
Developments in the processed food industry
Emerging demand for MCC in developed nations

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The emerging demand for microcrystalline cellulose in the pharmaceutical sector is one of the factors fueling market demand. It serves as the key constituent compound in the formulation of tablets and capsules. In addition, microcrystalline cellulose finds its application in fillers, disintegrating agents, anti-sticking agents, adsorbents, and capsule diluents in the pharmaceutical industry. The demand for pharmaceutical products in emerging economies such as BRICS and MIST is expected to increase, owing to the presence of a large population base, the rising prosperity, and increased life expectancy. Furthermore, the market for processed food is anticipated to grow in the Asia Pacific, due to rapid urbanization, the growing economy, and the surging female working population.

In terms of revenue, the wood-based category is the dominating category in the source segment, with a market share of 86.68%, in the forecast period. Wood remains the utmost favored source for microcrystalline cellulose production, leading to profitable openings for the companies. The high consumption of processed food & pharmaceutical products majorly drives the demand for wood-based microcrystalline cellulose.

On the other hand, the non-wood based segment is anticipated to grow at the CAGR of around 6.70% in terms of revenue, during the forecast period. The growing agricultural waste and fast-growing plants have been the major growth factors of the non-wood source segment. There are also growing demands for cost-effective and environmental-friendly processing methods for non-wood based raw materials.

However, the availability of substitute products is anticipated to restrain the growth of the market. Pharmaceutical, food & beverage, and personal care industries have been using magnesium stearate and carboxymethyl cellulose (CMC) as substitutes for microcrystalline cellulose. Furthermore, the higher price of microcrystalline cellulose has forced the manufacturers to opt for substitute products.

The report scope of the global microcrystalline cellulose market covers the segmentation analysis of source and application.

Market by Source:

Wood-based
Non-wood-based

Market by Application:

Pharmaceutical
Food & Beverage
Cosmetics & Personal Care
Others

On the basis of geography, the global microcrystalline cellulose market has been segmented into four major regions:

North America: the United States and Canada
Europe: the United Kingdom, France, Germany, Italy, Russia, Belgium, Poland, and the Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Thailand, Indonesia, Vietnam, Australia & New Zealand, and the Rest of Asia Pacific
Rest of World: Latin America, the Middle East & Africa

With regard to revenue, Europe held the largest share of 36.36% in 2019. This region has been the focal point of microcrystalline cellulose consumption, as consumers in this region prefer low-fat dairy products. Furthermore, the consumption of liquid detergents is high in this region, in which microcrystalline cellulose are used as thickening agents and anti-redeposition agents.

Also, in terms of revenue, Asia Pacific is projected to be the fastest-growing region with a CAGR of 6.30% in the forecast period. The surging demand for microcrystalline cellulose from the developing nations, such as India and China, is expected to facilitate the growth of the market. In addition, improving economic conditions, changing lifestyles, such as consumption of processed food and low-fat ice cream, and other dairy products, along with the increasing awareness about the benefits of consuming low-fat products are the major driving factors of the market.

The major key players involved in the global microcrystalline cellulose market are:

DowDuPont
Rayonier Advanced Material
FMC Corporation
Others

In December 2018, Roquette announced the execution of the acquisition of a majority stake in Crest Cellulose, from Pravesha Industries, which is a major Pharma packaging company in India.

Key findings of the global microcrystalline cellulose market:

Europe dominates the global microcrystalline cellulose market in terms of revenue, and garnered the largest market share of around 36.36% in 2019.
The Asia Pacific microcrystalline cellulose market is anticipated to project the highest CAGR of 6.30%, in terms of revenue, during the forecast period, 2020-2028.
The advances in packaging, due to the use of microcrystalline cellulose, are boosting the overall market.
The non-wood category in the source segment is projected to record a CAGR of 6.70% during the forecasted period.

RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
MARKET DYNAMICS
- MARKET DEFINITION
- KEY DRIVERS
  - HIGH DEMAND FOR MICROCRYSTALLINE CELLULOSE IN PHARMACEUTICALS
  - DEVELOPMENTS IN PROCESSED FOOD INDUSTRY
  - EMERGING DEMAND FOR MCC IN DEVELOPED NATIONS
- KEY RESTRAINTS
  - ACCESSIBILITY OF SUBSTITUTES HAMPERS MARKET GROWTH
  - MANUFACTURING OF LOW-PRICED MCC

KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
  - BUYER POWER
  - SUPPLIER POWER
  - SUBSTITUTION
  - NEW ENTRANTS
  - INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
MARKET BY SOURCE
- WOOD BASED
- NON WOOD BASED
MARKET BY APPLICATION
- PHARMACEUTICAL
- FOOD & BEVERAGE
- COSMETICS & PERSONAL CARE
- OTHERS
GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
  - UNITED STATES
  - CANADA
- EUROPE
  - UNITED KINGDOM
  - GERMANY
  - FRANCE
  - ITALY
  - RUSSIA
  - BELGIUM
  - POLAND
  - REST OF EUROPE
- ASIA PACIFIC
  - CHINA
  - JAPAN
  - INDIA
  - SOUTH KOREA
  - INDONESIA
  - THAILAND
  - VIETNAM
  - AUSTRALIA & NEW ZEALAND
  - REST OF ASIA PACIFIC
- REST OF WORLD
  - LATIN AMERICA
  - MIDDLE EAST & AFRICA

COMPANY PROFILES
- DOWDUPONT
- RAYONIER ADVANCED MATERIAL
- FMC CORPORATION
- ASAHI KASEI CHEMICALS CORPORATION
- ROQUETTE
- DFE PHARMA GMBH & CO KG
- ACCENT MICROCELL PVT LTD
- JRS PHARMA GMBH & CO KG
- SIGACHI INDUSTRIES PVT LTD
- MING TAI CHEMICAL CO LTD
- AVANTOR PERFORMANCE MATERIALS INC
- GUJARAT MICROWAX LIMITED
- HUZHOU CITY LINGHU XINWANG CHEMICAL CO LTD
- QUADRA INGREDIENTS
- MAPLE BIOTECH PVT LTD

TABLE LIST

TABLE 1: MARKET SNAPSHOT – MICROCRYSTALLINE CELLULOSE

TABLE 2: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 4: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 5: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 6: GLOBAL WOOD BASED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL WOOD BASED MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: GLOBAL WOOD BASED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 9: GLOBAL WOOD BASED MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 10: GLOBAL NON WOOD BASED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL NON WOOD BASED MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: GLOBAL NON WOOD BASED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 13: GLOBAL NON WOOD BASED MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 14: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 16: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 17: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 18: GLOBAL PHARMACEUTICAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL PHARMACEUTICAL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 20: GLOBAL PHARMACEUTICAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 21: GLOBAL PHARMACEUTICAL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 22: GLOBAL FOOD & BEVERAGE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: GLOBAL FOOD & BEVERAGE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 24: GLOBAL FOOD & BEVERAGE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 25: GLOBAL FOOD & BEVERAGE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 26: GLOBAL COSMETICS & PERSONAL CARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: GLOBAL COSMETICS & PERSONAL CARE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 28: GLOBAL COSMETICS & PERSONAL CARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 29: GLOBAL COSMETICS & PERSONAL CARE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 30: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 31: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 32: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 33: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 34: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 35: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 36: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 37: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 38: NORTH AMERICA MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 39: NORTH AMERICA MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 40: NORTH AMERICA MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 41: NORTH AMERICA MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 42: EUROPE MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 43: EUROPE MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 44: EUROPE MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 45: EUROPE MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 46: ASIA PACIFIC MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 47: ASIA PACIFIC MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 48: ASIA PACIFIC MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 49: ASIA PACIFIC MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

TABLE 50: REST OF WORLD MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 51: REST OF WORLD MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 52: REST OF WORLD MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN MILLION TONS)

TABLE 53: REST OF WORLD MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN MILLION TONS)

FIGURE LIST

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2019

FIGURE 6: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY WOOD BASED, 2020-2028 (IN $ MILLION)

FIGURE 7: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY NON WOOD BASED, 2020-2028 (IN $ MILLION)

FIGURE 8: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

FIGURE 9: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY PHARMACEUTICAL, 2020-2028 (IN $ MILLION)

FIGURE 10: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY FOOD & BEVERAGE, 2020-2028 (IN $ MILLION)

FIGURE 11: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY COSMETICS & PERSONAL CARE, 2020-2028 (IN $ MILLION)

FIGURE 12: GLOBAL MICROCRYSTALLINE CELLULOSE MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA MICROCRYSTALLINE CELLULOSE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 14: UNITED STATES MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 15: CANADA MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 16: EUROPE MICROCRYSTALLINE CELLULOSE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 17: UNITED KINGDOM MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 18: GERMANY MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 19: FRANCE MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 20: ITALY MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 21: RUSSIA MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 22: BELGIUM MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 23: POLAND MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 24: REST OF EUROPE MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: ASIA PACIFIC MICROCRYSTALLINE CELLULOSE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 26: CHINA MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: JAPAN MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: INDIA MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: SOUTH KOREA MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 30: INDONESIA MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 31: THAILAND MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 32: VIETNAM MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 34: REST OF ASIA PACIFIC MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 35: REST OF WORLD MICROCRYSTALLINE CELLULOSE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 36: LATIN AMERICA MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 37: MIDDLE EAST & AFRICA MICROCRYSTALLINE CELLULOSE MARKET, 2020-2028 (IN $ MILLION)

Segmentation

MARKET BY SOURCE
- WOOD BASED
- NON WOOD BASED
MARKET BY APPLICATION
- PHARMACEUTICAL
- FOOD & BEVERAGE
- COSMETICS & PERSONAL CARE
- OTHERS
GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
  - UNITED STATES
  - CANADA
- EUROPE
  - UNITED KINGDOM
  - GERMANY
  - FRANCE
  - ITALY
  - RUSSIA
  - BELGIUM
  - POLAND
  - REST OF EUROPE
- ASIA PACIFIC
  - CHINA
  - JAPAN
  - INDIA
  - SOUTH KOREA
  - INDONESIA
  - THAILAND
  - VIETNAM
  - AUSTRALIA & NEW ZEALAND
  - REST OF ASIA PACIFIC
- REST OF WORLD
  - LATIN AMERICA
  - MIDDLE EAST & AFRICA