Microcrystalline Cellulose is a partially depolymerized, naturally occurring cellulose form wood pulp. It has properties such as anti-caking, bulking, and texturizing that are majorly required for keeping processed food fresh. The unique properties such as powder porosity, moisture sorption, and swelling capacity. Being a chemically inert substance, it has very less absorption capacity and does not dissolute during digestion. Due to this reason, it is highly used in excipient production in pharmaceuticals and is the major driver of the Global Microcrystalline Cellulose Market. The other driver for the global market growth is it being a fat substitute, primarily used in low-fat processed food.
The increasing demand for pharmaceuticals with the growing population consumes a major quantity of microcrystalline cellulose followed by food and beverage industry. The global market growth is also driven by the cosmetic and personal care industry. The unique properties of extender, binder, and texturizer are extensively used in personal care products. The growing demand for personal care products with the concerned grooming and self-care population is expected to increase the market growth.
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The Global Microcrystalline Cellulose Market is segmented as per the raw material, end-user, and region.
There are only two raw material sources available, namely wood based and non-wood based. Out of these, the non-wood based raw material source is likely to dominate the market due to the excessive demand for synthetically produced and cheap products.
Based on End-User, the market is segmented into pharmaceuticals, food & beverage, cosmetic & personal care, and others.
The Global Microcrystalline Cellulose Market is segmented into five key regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is the major contributor to the market growth due to the increasing food & beverage industries. The increasing number of pharmaceutical and food & beverage industries in this region in expected to fuel the market growth in near future. The regulatory association named the U.S Pharmacopeial Convention has identified Microcrystalline Cellulose as an excellent excipient, which has propelled the market growth. The U.S contributes significantly to the market share in terms of revenue followed by Canada. Europe is another substantial region contributing to the market growth owing to the pharmaceutical and cosmetic industries in this region. Asia Pacific is expected to hold a considerable share of the market in coming years. Countries such as China are concentrated to the production of Microcrystalline Cellulose due to the low raw material and labor cost. The U.S is the major producer of Microcrystalline Cellulose followed by China.
In Latin America & Africa, the growing medical support and availability of pharmaceutical at ease is expected to fuel the market growth during the forecast period. However, poor health and safety standards may hinder the market growth in this region.
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