Microcrystalline Cellulose Market 2024: Key Players Asahi Kasei Plastics North America, Inc., FMC Corporation, Libraw Pharma - India, Accent Microcell Pvt Ltd

Endorsed by a widespread application spectrum, microcrystalline cellulose market is projected to gain considerable momentum in the ensuing years. The product is extensively used as an EU approved thickener and emulsifier in the food sector. Not to mention, its usage as a binder in the medical industry has been rather well-documented.

MCC industry players have been making substantial investments in research and development program to expand their production capabilities and score an edge over their rivals. Aided by a strong competitive hierarchy, microcrystalline cellulose industry is projected to establish itself in the billion-dollar business league over 2017-2024.

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The pharma space will emerge as a major application arena for MCC market, given that the product is used massively in this industry on account of its unique properties such as compressibility and increased free flow. Produced in a very controlled environment, MCC has neither taste nor color, making it the most viable candidate for a medicinal binder. Being chemically inert, MCC also does not react with other constituents in a tablet. Additionally, it also has necessary qualities of a diluent and small bulk density that enhances its flow characteristics, making it even more suitable for the pharma industry.

MCC’s capability to combine powders into a solid medicinal dose is one of its pivotal characteristics that contributes toward driving MCC market from the pharmaceutical sphere. When used with a polymer coating, MCC helps in making tablets smoother that makes them easy to swallow. Amidst the current healthcare scenario where the elderly require pills even for the most minor disorders, comfort and convenience in dispatching medicines is of vital importance. This trend is expected to continue in the next few years, fueling MCC industry growth.

Speaking along the lines of increase in the rate of pill consumption, it is prudent to mention that lifestyle changes have been a major cause of concern in the recent years, given their detrimental effects on consumer health. A sedentary lifestyle coupled with increased intake of processed foods has led to a significant rise in obesity levels across the globe. According to WHO, around 1.9 million adults are overweight, and a significant portion of this population is obese.

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The drive to make processed food healthy has led to a significant growth in MCC market, since the product has been approved by several food regulatory bodies to be safe food additive. Subject to its bulk density it is used as a calorie reducer, while its fiber density has made it a desirable choice as a fiber supplement. Additionally, the product’s moisture absorbing property has made it popular as an anticaking agent. With the expansion of the F&B industry, in tandem with the increasing efforts to eliminate the reputation garnered by the processed food sector, it is rather overt that MCC market will witness a commendable growth rate from food applications over 2017-2024.

MCC market is projected to register a substantial revenue from the Asia Pacific region, given that the continent is a growth hub for the food, pharmaceutical, and personal care sectors. The expansion of the aforementioned industries across the economies of India and China in particular, has been rather appreciable. For instance, the India Brand Equity Foundation (IBEF) states that the personal care industry is India is projected to surpass $20 billion by 2025 which is a significant progress from the industry size of $6.5 billion in 2016.

Certain cost-effective alternatives such as carboxymethylcellulose and xanthan gum are forecast to slightly hinder the growth of MCC market. However, the ecofriendly nature of MCC production and the incredible benefits of the product as a whole are expected to favor the expansion of MCC industry in the years ahead. As per estimates, MCC market size is likely to witness a CAGR of 5.5% over 2017-2024.

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Chapter 2. Executive Summary

2.1. Microcrystalline cellulose industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Source by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends

Chapter 3. Microcrystalline Cellulose Industry Insights

3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material trends
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distributor channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Rising demand for low fat food in the food & beverage industry
3.5.1.2. Regional drivers
3.5.1.2.1. Strong growth indicators in pharmaceutical industry in the U.S.
3.5.1.2.2. Robust growth in the personal care industry in Asia Pacific
3.5.1.2.3. Growing paints & coating industry in Asia Pacific and the Middle East
3.5.2. Industry pitfalls & challenges
3.5.2.1. High production cost and comparatively lower yield
3.5.2.2. Availability of product substitutes in the industry
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Competitive landscape
3.8.1. Strategic dashboard
3.8.2. Patent analysis
3.9. Porter’s analysis
3.9.1. Supplier power
3.9.2. Buyer power
3.9.3. Threat of new entrants
3.9.4. Industry rivalry
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.1.1. R & D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Price by source
3.10.3. Price by end-user
3.11. PESTEL analysis

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