The global microcrystalline cellulose market is projected to create opulent growth opportunities over the evaluation period by registering a CAGR of 6.3% from 2023 to 2033. The global market value is expected to grow from US$ 974.7 million in 2023 to US$ 1,794.1 million by 2033 end.

The growth of the market is attributed to its surging demand across numerous end-use industries across the world. During the historic period, the global microcrystalline cellulose market witnessed a sluggish CAGR of 4.9% from 2018 to 2022.

Microcrystalline cellulose (MCC) is known as a robust plant-derived ingredient consisting of remarkable functional properties that accurately suit its industrial applications such as a binder, thickening agent, filler, anti-cracking agent, fat replacer, disintegrate, emulsifying agent, absorbing agent, and many more.

Although the demand from the pharmaceutical industry grew significantly after 2020 as it is a common excipient used in tablet formulations. Microcrystalline cellulose is primarily utilized in pharmaceuticals and food & beverage industries. These industries are likely to account for more than 50% of the consumption of the global market.

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Key Companies Profiled

  • DuPont de Nemours, Inc
  • Asahi Kasei Corporation
  • DFE Pharma
  • J. RETTENMAIER & SÖHNE GmbH + Co KG
  • Accent Microcell Pvt. Ltd.
  • Foodchem International Corporation
  • Mingtai Chemical Co., Ltd
  • Sigachi Industries Pvt. Ltd.
  • Chemfield Cellulose
  • NB Entrepreneur
  • Anhui Sunhere Pharmaceutical Excipients Co., Ltd.
  • Roquette Frères S.A.
  • Libraw Pharma
  • Ankit Pulps and Boards Pvt. Ltd
  • Pharmatrans Sanaq AG
  • Wei Ming Pharmaceutical Mfg Co. Ltd
  • Sixring
  • RanQ

Competitive Landscape

Prominent players operating in the global microcrystalline cellulose market acquire a crucial share of the industry. The threat of new entrants is low because of the initial capital investment in establishing the production lines.

Knowing the significant demand from end-use industries, the market players are looking to expand their production capacities along with new supply chain developments to enter into emerging markets. A few leading players also invest in research and development to introduce new applications and product grades of microcrystalline cellulose in the market.

More Insights into the Microcrystalline Cellulose Market

Surging demand for microcrystalline cellulose from end-use industries has made the USA a leading country in the global market.  The USA has a well-developed food & beverages industry which will primarily be driving the market in the forecast period owing to the rising trend of plant-based food products.