Microcrystalline Cellulose (MCC) Market Revenue, Pricing Trends and Growth Forecast to 2032

According to a report published by Allied Market Research, the global microcrystalline cellulose (MCC) market was valued at $401.1 million in 2021 and is projected to reach $712.9 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031. The study delivers a comprehensive assessment of evolving market dynamics, key segments, value chain analysis, competitive landscape, and regional outlooks. It serves as a strategic guide for industry leaders, investors, shareholders, and startups aiming to achieve sustainable growth and strengthen their market presence.

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Report Coverage & Highlights:

- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size (2021): $401.1 million
- Market Size (2031): $712.9 million
- CAGR: 5.9%
- Report Pages: 710
- Segments Covered: Drying Process, Application, Source Type, and Region

Key Growth Drivers:

- Well-established pharmaceutical industry
- Rising demand for personal grooming and hygiene products

Market Opportunities:

- Growing population in developed and developing economies
- Expansion of cosmetic and skincare product imports and exports
- Technological advancements in pharmaceutical manufacturing

Market Restraints:

- High manufacturing and production costs of MCC
- Availability of substitutes such as carboxymethyl MCC and kappa-carrageenan

Market Segmentation Insights:-

By Drying Process:

- The spray drying segment dominated the market in 2021, accounting for over three-fourths of total revenue and is expected to retain its leadership through 2031.

- This segment is also projected to register the highest CAGR of 6.0% during the forecast period.

- The bulk drying segment was also analyzed in the study.

By Application:

T- he pharmaceutical segment held the largest market share in 2021, contributing more than one-third of global revenue and is expected to remain dominant.

- The food & beverage segment is anticipated to grow at the fastest CAGR of 6.5% through 2031.

Other segments analyzed include cosmetics & personal care and others.

By Source Type:

- The wood-based MCC segment accounted for over four-fifths of market revenue in 2021 and is projected to maintain its lead.

- The non-wood-based segment is expected to grow at the highest CAGR of 6.3% during the forecast period.

By Region:

- Europe led the global market in 2021, contributing around one-third of total revenue and is expected to maintain its dominance.

- Asia-Pacific is projected to register the fastest CAGR of 6.5%, driven by expanding pharmaceutical and food industries.

Other regions covered include North America and LAMEA.

Competitive Landscape:

- Key players profiled in the report include FMC Corporation, DowDuPont Inc., JRS Pharma GmbH & Co. KG, DFE Pharma, Roquette, Sigachi Industries Pvt. Ltd., Asahi Kasei Chemicals Corporation, and several regional and emerging manufacturers. These companies have adopted strategies such as product launches, expansions, collaborations, joint ventures, and agreements to enhance their market share and geographic footprint.

- The report offers in-depth insights into business performance, product portfolios, operating segments, and strategic initiatives, providing a clear picture of the competitive scenario in the global microcrystalline cellulose market.

Obtain Report Details: https://www.alliedmarketresearch.com/microcrystalline-cellulose-market

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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.

This release was published on openPR.