Microcrystalline Cellulose Market Estimated To Grow At A High Rate Owing To Increasing Demand From Food & Pharmaceutical Industry

Market Overview

Microcrystalline cellulose is a partially depolymerized cellulose made from wood pulp or cotton linters, with a consistency similar to table salt. It is commercially processed into a white, odorless, tasteless, porous powder and is widely used as a binder and disintegrant in pharmaceutical tablets and capsules. It is used as a diluent, binder, bulking agent and disintegrating agent in solid dosage formulation to increase the yield of tablets. The addition of microcrystalline cellulose improves flowability and compressibility of the granulation and final tablet. The Global Microcrystalline Cellulose Market is estimated to be valued at US$ 1349.84 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Microcrystalline Cellulose market are Thermo Fisher Scientific, Inc., Illumina, Inc., PerkinElmer Genomics, QIAGEN, Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd, Macrogen, Inc., Abbott, PacBio, Zymo Research Corporation, Oxford Nanopore Technologies plc, Tecan Trading AG, Hamilton Company, ZS Genetics, Inc. LI-COR, Inc. Increasing demand for microcrystalline cellulose from the pharmaceutical industry as an excipient and disintegrant is a major opportunity for market players. Moreover, the adoption of microcrystalline cellulose in food applications owing to its functional properties is expected to drive global market expansion over the forecast period.

Key players are focusing on expanding their production capacity and product portfolio through partnerships and acquisitions to strengthen their market presence. The pharmaceutical industry accounts for the largest share of the overall microcrystalline cellulose market due to its increasing use as an excipient and disintegrant in drug formulations. The global pharmaceutical industry is expected to grow at a CAGR of around 5-7% during the forecast period, which will propel the demand for microcrystalline cellulose.

Market Drivers

The increasing demand from the food and pharmaceutical industry is one of the major drivers for the microcrystalline cellulose market growth. microcrystalline cellulose market is widely used as a texture enhancer, bulking agent, and stabilizer in various food products like bakery, meat, desserts, etc. owing to its excellent water-binding properties and ability to improve consistency, texture and stability of food products. The rising demand for processed and packaged foods globally is expected to boost the consumption of microcrystalline cellulose. Furthermore, growth of the global pharmaceutical industry, increasing penetration of generics, and rising expenditure on healthcare are some of the key factors expected to drive the microcrystalline cellulose market during the forecast period.

PEST Analysis

Political: Microcrystalline Cellulose regulation mainly depends upon the regulations pertaining to food and pharmaceutical industry. Stringent regulations on the usage of excipients and their quality could impact the market.
Economic: Rising economic condition and increasing disposable income in developing region boost the demand of processed food and pharmaceuticals, which in turn fuel the microcrystalline cellulose market.
Social: Growing health awareness leads to increased consumption of dietary supplements, functional food, which drives microcrystalline cellulose usage. Improved literacy rates supports adoption of advanced medicine.
Technological: Advancements in microcrystalline cellulose production process helps to develop new grades with improved performance. Innovations allow MCC utilization in novel applications beyond traditional ones.

The geographical regions where market is concentrated in terms of value are North America and Europe. North America accounted for largest market share due to large pharmaceutical industry. Europe is also a major regional market supported by developed economy and healthcare sector.

The Asia Pacific region is projected to be the fastest growing market during the forecast period. This is attributed to rising income levels, increasing health expenditure, growing geriatric population and significant expansion of pharmaceutical industry in developing countries such as China and India. Rapid urbanization and improving standards of living in Asia Pacific economies are expected to boost consumption of processed food and pharmaceutical products, driving the demand for microcrystalline cellulose market.

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1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it