Microcrystalline Cellulose Market Size Worth $ 2,095.05 Million By 2032 | CAGR: 7.2%

The global microcrystalline cellulose market size is expected to reach USD 2,095.05 million by 2032, according to a new study by Polaris Market Research. The report “Microcrystalline Cellulose Market Size, Share, Trends, Industry Analysis Report: By Source Type (Wood Based, Non-Wood Based), By Form, By Grade, By End Use, and By Region, Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.  

Microcrystalline cellulose (MCC) is a refined form of cellulose characterized by shorter crystalline polymer chains. It serves multiple roles in various industries, including pharmaceuticals, cosmetics, and food production, where it acts as a filler, disintegrant, bulking agent, binder, and lubricant in drug formulations.

The growth of the microcrystalline cellulose market is driven primarily by increasing demand for packaged foods and the expanding production of pharmaceuticals, cosmetics, and personal care products. In the food industry, MCC serves as a substitute for unhealthy fats and enhances the texture of baked goods.

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Moreover, MCC has extensive application in the medical field, where its properties are utilized in various pharmaceutical formulations. For instance, NB Entrepreneur offers purified SANCEL microcrystalline cellulose tailored for the pharmaceutical industry, underscoring MCC's versatility and critical role in medical applications. These factors collectively create lucrative opportunities for the microcrystalline cellulose market, positioning it for significant growth during the forecast period.

Microcrystalline Cellulose Market Report Highlights

• In 2023, the powder segment accounted for the largest market share due to its versatility, which has extensive application across various industries, such as pharmaceuticals, food and beverage, cosmetics, and industrial sectors.
• The pharmaceutical segment held the largest market share in 2023 due to its extensive use as a binder, disintegrant, and filler in tablet and capsule formulations.
• In 2023, North America dominated the largest market due to its well-established pharmaceutical industry, which consumes a significant amount of MCC. The region is a hub for pharmaceutical research, development, and manufacturing, driving high demand for MCC as a key excipient in drug formulations.
• The European microcrystalline cellulose market is anticipated to grow at the fastest CAGR during the forecast period due to the continuous expansion of manufacturing facilities, which enhances MCC's applications and properties.
• The global key market players include ANDRITZ, Ankit Pulps and Boards, Apollo Scientific Ltd, Asahi Kasei Corporation, Azelis, DFE Pharma, Fengchen Group Co., Ltd., GODAVARI BIOREFINERIES LTD., International Flavors & Fragrances Inc. (IFF), JRS PHARMA, Roquette Frères, and SEPPIC.    

Polaris Market Research has segmented the microcrystalline cellulose market report based on source type, form, grade, end-use, and region:  

Microcrystalline Cellulose, Source Type Outlook (Revenue - USD Million, Volume Kilotons, 2019 - 2032)

• Wood Based
• Non-Wood Based

Microcrystalline Cellulose, Form Outlook (Revenue - USD Million, Volume Kilotons, 2019 - 2032)

• Liquid
• Powder

Microcrystalline Cellulose, Grade Outlook (Revenue - USD Million, Volume Kilotons, 2019 - 2032)

• Grade 101
• Grade 102
• Grade 200
• Grade 301
• Grade 302
• Others

Microcrystalline Cellulose, End Use Outlook (Revenue - USD Million, Volume Kilotons, 2019 - 2032)

• Pharmaceutical
• Food & Beverages
• Paints and Coatings
• Cosmetics & Personal Care
• Others

Microcrystalline Cellulose, Regional Outlook (Revenue - USD Million, Volume Kilotons, 2019 - 2032)

• North America
  • US
  • Canada

• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe

• Asia-Pacific
  • China
  •  apan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia-Pacific

• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Microcrystalline Cellulose Report Scope: