Microcrystalline Cellulose Market (MCC) Worth USD 1,241.4 million by 2023

The market size of microcrystalline cellulose (MCC) is estimated at USD 885.1 million in 2018 and is projected to reach USD 1,241.4 million by 2023, at a CAGR of 7.0% between 2018and 2023.MCC is widely used in pharmaceutical, food & beverage, and cosmetic & personal care applications. As it is chemically inert and not absorbed in the human body, it is widely used in the pharmaceutical and food & beverage applications as a thickener, stabilizer, binder, dispersant, and bulking & anti-caking agent.

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The demand for MCC is expected to increase significantly during the forecast period owing to its widespread usage in various applications, such as food & beverage, pharmaceutical, and cosmetics & personal care, among others.

Objectives of Microcrystalline Cellulose (MCC) Market Study:
• To analyze and forecast the size of the MCC market, in terms of value and volume.
• To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the MCC market.
• To define, describe, and forecast the MCC market based on application, source type, and region.
• To analyze and forecast the size of the MCC market in North America, Europe, Asia Pacific (APAC), and RoW.
• To strategically profile key players operating in the MCC market and analyze their core competencies.
• To analyze market opportunities and the competitive landscape for stakeholders and market leaders.
• To analyze competitive developments, such as partnerships, expansions, acquisitions, and new product developments undertaken by key market players.

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Target Audience
1. Manufacturers of MCC
2. Suppliers of Raw Materials
3. Distributors and Suppliers of MCC
4. End-use Industries
5. Industry Associations

The MCC market is highly competitive due to the presence of several players with a strong foothold in the market, and some smaller domestic players. DowDuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), and DFE Pharma GmbH & Co.KG (Germany) are the key players operating in the MCC market. These key players offer a wide range of MCC products to strengthen their competitive positions and to cater to the growing demand from various applications

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted as follows:
• By Company Type: Tier 1- 35%, Tier 2- 25%, and Tier 3-40%
• By Designation: C level - 30%, Director level - 25%, and Others- 45%
• By Region: North America - 30%, Europe - 25%,APAC -30%, and RoW - 15%

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Benefits of Buying Microcrystalline Cellulose (MCC) Market Report:

The report is expected to help market leaders/new entrants in the MCC market in the following ways:

This report segments the MCC market and provides the closest approximation of revenues for the overall market and its sub segments across different verticals and regions.

The report helps stakeholders understand the pulse of the market and provides information on key drivers, restraints, challenges, and opportunities of the MCC market.

This report is also expected to helps take holders understand their competitors and gain insights to augment their position in the MCC market. The competitive landscape section includes the ecosystem of competitors and detailed information on new product developments, expansions, partnerships, and acquisitions.

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This release was published on openPR.