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Microcrystalline Cellulose Market

Market Study on Microcrystalline Cellulose: Enabling Formulation Transformations Across Industries, PMR Predicts Lucrative Growth Trajectories for the Global Market for MCC in the Years to Come

A Detailed Analysis of the Microcrystalline Cellulose (MCC) Market Based on Ascending Take-up by Pharma and F&B, and MCC's Versatility in Formulations

Microcrystalline Cellulose Market

The global microcrystalline cellulose market is forecast to expand at a CAGR of 6.6% and thereby increase from a value of US$989.7 Mn in 2023, to US$1,548.1 Mn by the end of 2030.

Attributes

Key Insights

Microcrystalline Cellulose Market Size (2023E)

US$989.7 Mn

Projected Market Value (2030F)

US$1,548.1 Mn

Global Market Growth Rate (CAGR 2023 to 2030)

6.6%

Historical Market Growth Rate (CAGR 2018 to 2022)

5.2%

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Market Introduction and Definition

Microcrystalline cellulose (MCC) is an excipient that finds extensive application in the food, pharmaceutical, and cosmetic sectors. MCC is an odourless, white substance that is obtained from natural cellulose sources, including cotton or wood pulp. It possesses exceptional properties in terms of binding, disintegration, and flow. Due to its distinctive physical and chemical properties, it is frequently incorporated into tablet formulations where it functions as a stabilizing agent and expanding agent.

MCC improves drug delivery in the pharmaceutical industry by facilitating uniform drug distribution. It operates within the food industry as an anti-caking agent. The product's eco-friendly appeal is enhanced by its biodegradability and renewable procurement, which are in line with the increasing need for sustainable ingredients in diverse industries.

Several factors influence the global microcrystalline cellulose market, including the expansion of the pharmaceutical and food industries, the rising demand for excipients, and the rising prevalence of generic drugs. The increasing pursuit of enhanced drug delivery systems and cost-effective formulations by pharmaceutical companies has led to a heightened demand for MCC, an essential ingredient in the production of tablets.

Moreover, MCC is being integrated into the culinary and cosmetic sectors to improve the quality and stability of its products. Increasing consumer consciousness regarding the benefits of leading a healthy lifestyle contributes to the market's growth by stimulating the need for functional foods and dietary supplements, in which MCC is a valuable component.

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Market Growth Drivers

Increasing Demand from Pharma Industry

The versatile functionalities of MCC are of great significance in the pharmaceutical sector. By acting as a binder, MCC facilitates the cohesion of powdered ingredients, thereby enabling the production of tablets that maintain a uniform weight and distribution of the substance. By acting as a disintegrant, it facilitates the efficient breakdown of tablets during ingestion, thereby improving the dissolution and absorption of drugs. In addition, MCC functions as a filler, helping to increase the overall stability of pharmaceutical products and impart bulk to formulations.

It is compatible with a broad spectrum of active pharmaceutical constituents due to its inert nature, which guarantees minimal disruption to the effectiveness of the drug. The growing emphasis of the pharmaceutical sector on formulations that prioritize the needs and interests of patients, including controlled-release systems and orally disintegrating tablets, emphasizes the criticality of MCC in attaining these objectives.

An additional factor driving the global demand for MCC is the increasing prevalence of generic medications. Generic pharmaceuticals have experienced substantial growth as they provide economical substitutes for branded medications. The significance of MCC in the production of generic pharmaceuticals is self-evident, given that it facilitates the attainment of the necessary compression characteristics and guarantees the even dispersion of active ingredients.

With regulatory agencies promoting the utilization of generic medications as a means to enhance healthcare accessibility and affordability, there is an anticipated continuation of growth in the demand for MCC. Furthermore, the market for MCC is propelled by the expanding global population and the resulting surge in healthcare demands, both of which contribute to the demand for pharmaceuticals.

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Market Restraints

Rising Costs of Raw Materials, Supply Chain Disruptions, and Geopolitical Influences

An important factor restraining the expansion of the global microcrystalline cellulose industry is the escalating expense of raw materials. MCC is predominantly produced from cellulose, which is commonly obtained from cotton or wood pulp. The costs of these fundamental resources have experienced variability due to a range of factors including climate change, forestry regulations, and global economic circumstances. The increasing need for MCC in diverse sectors such as pharmaceuticals, food and beverage, and cosmetics results in a direct correlation between any rise in raw material expenses and the manufacturing expenses of MCC.

Manufacturers encounter the difficult task of simultaneously upholding competitive pricing and managing the unpredictable nature of raw material costs, which has the potential to impact profit margins. Furthermore, the reliance on particular sources of raw materials renders the MCC market vulnerable to disruptions in the supply chain and geopolitical factors, thereby intensifying the difficulty of guaranteeing a consistent and economically viable global supply of microcrystalline cellulose. It is imperative to consider these shifts in raw material costs to ensure the continued expansion and stability of the MCC market.

The Growing Prevalence of Substitute Materials

The global microcrystalline cellulose market is confronted with a significant obstacle in the form of the growing availability of alternative materials and technological progress. There is an increasing investigation into alternative constituents and manufacturing processes that can supplement or substitute for the functions conventionally carried out by MCC, as industries progress. For example, the market share of MCC could be jeopardized by the introduction of novel excipients into pharmaceutical formulations or the utilization of alternative texturizing agents in food and beverage applications.

 Moreover, forthcoming developments in the fields of biotechnology and material science may present novel approaches that have the potential to surpass the performance of MCC in specific contexts. Maintaining their competitive position in the face of evolving market trends and technological disruptions requires manufacturers in the MCC market to navigate this dynamic environment through consistent product innovation, enhancement of performance attributes, and demonstration of unique advantages over emerging alternatives.

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Opportunities

Growing Demand for Sustainable, Plant-based Products Across Industries

Increasing industry-wide demand for sustainable and plant-based products represents a potentially advantageous opportunistic factor for the global market, specifically in the domain of microcrystalline cellulose. With the increasing global recognition of environmental concerns, consumers are proactively in pursuit of environmentally sustainable alternatives across multiple industries, such as pharmaceuticals, food and beverage, and cosmetics, which all make extensive use of MCC.

MCC, which is obtained from organic cellulose sources such as cotton or wood pulp, is in line with the increasing trend toward environmentally friendly and plant-based materials. In addition to consumer demand, regulatory bodies, and corporate sustainability initiatives also exert an influence on the demand for eco-friendly products. These factors motivate manufacturers to integrate environmentally responsible materials into their formulations.

The increasing demand for sustainable products provides MCC manufacturers with a distinct opportunity to market their goods as environmentally friendly alternatives, thereby appealing to consumers who prioritize environmental concerns and satisfying rigorous regulatory standards. This phenomenon creates opportunities for advancements in the manufacturing of MCC, stimulating scientific and technological endeavours to maximize output effectiveness, minimize by products, and investigate alternative, environmentally friendly cellulose sources.

 In light of the growing ethical and sustainable preferences of consumers, businesses that can exhibit a steadfast dedication to environmental responsibility in the manufacturing of MCC have the potential to attain a competitive advantage. Furthermore, this transition towards sustainability presents a prospect for cross-sector cooperation, facilitating alliances between manufacturers of MCC and organizations striving to improve the environmental impact of their final goods. By leveraging the increasing consumer demand for sustainable products, the global market for MCC can simultaneously fulfill environmental objectives and satisfy consumer demands, thereby establishing a mutually beneficial situation for manufacturers and the planet.

Analyst’s Viewpoint

The global market for microcrystalline cellulose is anticipated to experience significant expansion due to several critical factors. A primary driver is the rising demand for MCC in the pharmaceutical, food and beverage, and personal care industries. The adaptability of MCC in pharmaceutical formulations—as a binder, filler, and disintegrate—and in the food industry—as a fat substitute—drives its adoption. Furthermore, the increasing emphasis on environmentally favourable and sustainable products is advantageous for MCC, which is obtained from renewable sources such as wood pulp. In response to the increasing demand, manufacturers are augmenting their production capabilities has resulted in the formation of strategic alliances and partnerships within the sector.

Sustained market expansion is facilitated by enhanced relationships between manufacturers and consumers, which are delivered through transparent communication and product innovation. A significant consumer is the pharmaceutical industry, where MCC is utilized extensively in tablet formulations. In the future, it is expected that technological advancements in MCC production processes and a rise in R&D expenditures will contribute to the expansion of the market. Anticipated growth in the Asia Pacific region is substantial, propelled by the expanding pharmaceutical sector and increasing consumer consciousness concerning nutritious food selections.

Supply-side Dynamics

The supply side of the MCC market is marked by a combination of factors, including the availability of raw materials, advancements in production technologies, and strategic partnerships formed by major manufacturers. Cellulose is the principal raw material utilized in the production of MCC, frequently obtained from wood fiber. Volatility in the cost and availability of cellulose may affect the total cost of producing MCC. Prominent producers employ strategic measures to ensure a reliable and economical provision of raw materials, such as entering into enduring contractual agreements with suppliers or allocating resources towards sustainable and efficient harvesting methods.

Progressions in production technologies are crucial factors that significantly influence the effectiveness and calibre of MCC manufacturing. Prominent entities consistently allocate resources towards research and development endeavours to optimize production processes, enhance overall yield, and align with the ever-changing benchmarks of the industry. Technological advancements serve to enhance the quality of MCC while simultaneously promoting sustainable manufacturing methods, which is in line with the industry's increasing commitment to environmental accountability.

Furthermore, the establishment of strategic alliances and collaborations between manufacturers facilitates the exchange of technological knowledge, enhances production capabilities, and broadens market reach, both on a regional and international scale. These collaborations generate synergies that are advantageous to the supply chain as they guarantee a consistent and varied supply of MCC products to satisfy the increasing global demand. In general, the dynamics of the supply side in the MCC market are highly interconnected with the efficiency of procuring raw materials, advancements in technology, and cooperative endeavours among significant participants in the industry.

Market Segmentation

Which is the Dominant Material Type Segment?

The Wood-based Materials Segment to be the Largest

The material segment is segmented into wood-based, and non-wood-based. It is anticipated that the wood-based segment will hold the largest market share in the global microcrystalline cellulose market, classified by material. Wood-based MCC finds extensive application across diverse sectors such as pharmaceuticals, food and beverage, and cosmetics, due to its abundant availability, cost-effectiveness, and adaptable characteristics. The segment's dominance can be attributed to the firmly established infrastructure for wood pulp extraction, which continues to be the preferable source for MCC production.

In contrast, the non-wood-based segment of the MCC market is anticipated to expand at the quickest rate. In light of the growing concern for environmental impact and the transition towards materials derived from plants, non-wood sources including cotton and other crops abundant in cellulose are becoming more prominent. It is anticipated that companies will increasingly require MCC derived from sources other than timber, as they search for environmentally sustainable alternatives.

Which is the Largest Application Segment?

Pharma Industry at the Forefront of Adoption

The application segment is bifurcated into food and beverages, pharmaceuticals, cosmetics and personal care, paints and coatings, and others. A significant portion of the global microcrystalline cellulose market is anticipated to be occupied by the pharmaceuticals sector. MCC is widely employed in drug formulations by the pharmaceutical industry as an excipient owing to its exceptional binding and disintegration characteristics, which aid in maintaining the integrity of tablets and regulating the release of drugs.

 The continued growth of the pharmaceutical industry on a global scale and the pivotal significance of MCC in pharmaceutical applications both contribute to this sector's dominance. On the contrary, it is expected that the cosmetics and personal care sector will experience the most rapid expansion. The accelerated growth of this segment is being propelled by the rising consumer demand for natural and sustainable ingredients in cosmetic formulations, as well as the versatile and safe nature of MCC as an ingredient in personal care products. MCC is utilized in cosmetic formulations as a thickener, stabilizer, and texturizing agent. With the increasing adoption of eco-friendly alternatives in the beauty and personal care industry, there is an anticipated surge in demand for MCC in this sector.

Top Regional Markets

North America Leads the Way with Robust Pharma and Food Industries

The largest market share in the global MCC market is anticipated to be held by North America. Numerous elements contribute to this state of dominance. The pharmaceutical and food industries, which are firmly established in North America, are significant consumers of MCC. They employ it as an essential component in the formulation of drugs, food products, and for a variety of other applications. Demand for high-quality MCC remains constant due to the pharmaceutical industry's rigorous quality standards and the robust infrastructure for research and development.

Moreover, the region's emphasis on technological progress and implementation of novel manufacturing methodologies serve to reinforce its standing as a significant participant in the MCC market. North America's prominence is attributed to the presence of prominent manufacturers of cellulose-derived products and a well-established market for such products; consequently, it is the principal contributor to the global MCC market.

Mounting Consumer Spending on Personal Care and Healthcare Elevate Asia’s Prospects

It is anticipated that South Asia, and Oceania will experience the most rapid expansion in the global microcrystalline cellulose market. Multiple factors contribute to the expansion of the region. Increasing disposable incomes and population growth in countries such as Australia, and India drive demand for pharmaceuticals, culinary products, and cosmetics all of which make extensive use of MCC.

Consumer expenditure on healthcare and personal care products increases in tandem with the expansion of these economies, thereby stimulating the overall demand for MCC. Furthermore, the increasing adoption of Western lifestyles and the region's growing preference for processed and convenience foods contribute to the heightened need for MCC as a fundamental component in a wide range of food and beverage applications. The rapid expansion of the pharmaceutical industry in South Asia further amplifies the need for MCC in drug formulations.

Competitive Intelligence and Business Strategy

Prominent companies including DuPont de Nemours, Inc., Asahi Kasei Corporation, DFE Pharma, J. RETTENMAIER & SOHNE GmbH + Co KG, and Accent Microcell Pvt. Ltd. control the global Microcrystalline Cellulose (MCC) market. These champions of their respective industries consistently foster innovation and meet the growing demands of a wide range of sectors. MCC is notably adopted by the United States, China, India, and Germany due to the strength of their respective pharmaceutical and food industries. For example, the pharmaceutical industry in the United States makes extensive use of MCC in drug formulations, whereas the pharmaceutical and food sectors in China make substantial contributions to the development of the MCC market.

The market is being significantly influenced by prominent MCC entities via strategic endeavours including mergers, acquisitions, and technological progress. Partnerships between manufacturers and end-users augment the capabilities of product development and application. As an illustration, the acquisition of DuPont's Health & Nutrition division by FMC Corporation strengthens its standing in the MCC market, promotes market penetration, and enables the development of novel strategies.

Furthermore, the evolution of the market is influenced by the investments made by dominant actors in sustainable and environmentally friendly production methods, which are in line with the global trend toward more environmentally aware practices. By implementing these strategic manoeuvres, major actors are in a position to exert influence over and adjust to shifting market dynamics, thereby guaranteeing long-term expansion and competitiveness.

Key Recent Developments

New Product Launch

Nitika Pharmaceuticals Specialties, a manufacturer of excipients, commenced production of microcrystalline cellulose (*Tabcell) at its facility in Butibori, Nagpur, in September 2023. This, according to the corporation, is the largest microcrystalline cellulose manufacturing facility in India. In attendance at the inauguration of this manufacturing facility were notable individuals, including Nitin Gadkari, the Minister of Road Transport and Highways for India. Seated in attendance were also distinguished visitors Sandeep Joshi, Ajay Sancheti, and Sameer Meghe, among others.

Market Impact: The inauguration of the microcrystalline cellulose manufacturing facility, which Nitika Pharmaceuticals Specialties claims is the largest in India, is anticipated to significantly influence the global market. By augmenting its production capacity, the organization has the potential to emerge as a major contender in the global microcrystalline cellulose industry, thereby exerting an impact on supply dynamics and competitive dynamics. Additionally, this innovation could aid in meeting the increasing need for excipients in the pharmaceutical and other global industries.

(Source: Express Pharma)

New Product

DFE Pharma, an international leader in pharmaceutical excipient solutions, is pleased to declare the introduction of Pharmacel sMCC 90, a silicified microcrystalline cellulose (MCC), in July 2021. This innovation expands the company's extensive excipient portfolio. The development of Pharmacel sMCC 90 represents a synergistic solution to the formulation challenges associated with solid oral dosages.

Market Impact: Pharmacel sMCC 90, a novel product introduced by DFE Pharma, signifies a significant progression in the field of pharmaceutical excipient solutions, particularly in its ability to tackle the obstacles encountered in the formulation of solid oral dosages. This innovation will likely provide pharmaceutical manufacturers with an enhanced alternative for formulating complex medications and increase competition. There is a possibility that the increased demand for this silicified microcrystalline cellulose on the global market could have an impact on pharmaceutical formulation strategies and product selection.

(Source: DFE Pharma)

The construction of the second Ceolus microcrystalline cellulose (MCC) facility at Asahi Kasei Corp.'s Mizushima Works in Kurashiki, Okayama, Japan, was finalized in January 2023. By constructing the new facility, the organization demonstrates its dedication to satisfying the significantly increasing need for its MCC.

Market Impact: The increase in manufacturing capacity is expected to positively impact the overall efficiency of the supply chain, which may result in price stability and a more dependable supply of microcrystalline cellulose for diverse sectors global, such as pharmaceuticals, food, and cosmetics. Additionally, innovation and market expansion may be stimulated by the increased availability in these sectors.

(Source: Asahi Kasei)

Microcrystalline Cellulose Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Material
  • Application
  • Region

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

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

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Microcrystalline Cellulose Market Research Segmentation

By Material:

  • Wood-based
  • Non-wood based

By Application:

  • Food and beverages
  • Pharmaceuticals
  • Cosmetics and personal care
  • Paints and coatings
  • Others

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • 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

- Frequently Asked Questions -

The global microcrystalline cellulose market is anticipated to grow at a CAGR of 6.6% during the projected period.

As of 2023-end, the microcrystalline cellulose market size was valued at US$9.8 billion.

The US held the largest market share in 2023.

Some of the prominent players in the market include 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, and NB Entrepreneur.

The non-wood-based material segment is expected to grow at the fastest pace during the forecast period.

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