Press release
Microcrystalline Cellulose (MCC) Market Outlook 2024-2031 Demand Drivers, Application Trends and Revenue Projections
AMR
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Report Highlights
- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size in 2021: $401.1 Million
- Market Size in 2031: $712.9 Million
- CAGR: 5.9%
- Total Pages: 710
- Segments Covered: Drying Process, Application, Source Type, Region
Market Drivers:
- Robust growth in the pharmaceutical industry
- Rising consumer demand for personal care and grooming products
Market Opportunities:
- Population growth in developed and developing regions
- Increasing import/export of skincare and cosmetics
- Technological upgrades in pharmaceutical manufacturing
Market Restraints:-
- High production costs of MCC:
- Availability of alternative substances like carboxymethyl MCC and kappa-carrageenan
Segment Analysis:-
By Drying Process:
- Spray Drying dominated in 2021, contributing over three-fourths of market revenue.
- It is also the fastest-growing segment, with a CAGR of 6.0% through 2031.
- The report also examines the bulk drying segment.
By Application:
- Pharmaceuticals held the largest market share in 2021, accounting for over one-third of the global revenue.
- The food & beverage segment is projected to grow the fastest, with a CAGR of 6.5%.
- Additional segments: Cosmetics & Personal Care, and Others.
By Source Type:
- Wood-based MCC led in 2021, making up over 80% of global revenue.
- The non-wood-based segment is expected to see the highest CAGR of 6.3% by 2031.
By Region:
- Europe was the leading regional market in 2021, with nearly one-third of total revenue.
- Asia-Pacific is forecasted to grow the fastest, at a CAGR of 6.5%, driven by industrial expansion and consumer demand.
Key Market Players:
- FMC Corporation
- DowDuPont Inc.
- JRS PHARMA GmbH & Co. KG
- Sigachi Industries Pvt. Ltd.
- Roquette
- Maple Biotech Pvt. Ltd.
- Accent Microcell Pvt. Ltd.
- Chemfield Cellulose
- Foodchem International Corporation
- Asahi Kasei Chemicals Corporation
These companies are leveraging strategies such as new product launches, partnerships, expansion, and joint ventures to enhance their global presence and market share.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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