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Microcrystalline Cellulose Market worth 1,080 Million USD by 2020
The report "Microcrystalline Cellulose Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others), by Raw Material Source (Wood based and Non-Wood based) and by Region - Trends & Forecasts to 2020", defines and segments the global MCC market with analysis and forecasting in terms of volume and value. The microcrystalline cellulose (MCC) market is expected to reach around USD 1,080 Million by 2020.
Browse 64 tables and 55 figures spread through 159 pages and in-depth TOC on "Microcrystalline Cellulose Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others), by Raw Material Source (Wood based and Non-Wood based) and by Region - Trends & Forecasts to 2020"
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The MCC market is projected to witness a CAGR of 7.2% between 2015 and 2020, in terms of value. It is expected to witness substantial growth due to the increased acceptance of MCC as a pharmaceutical excipient and the high demand of MCC in processed food industry. MCC is extensively used in food products such as baked foods, dairy products, desserts, frozen foods, and others as bulking agent and fat substitute, helping in enhancing mouthfeel, body, and consistency of the food product. MCC has applications in the pharmaceutical industry as it exhibits chemical inertness and lack of taste and odor. As an excipient, MCC is used widely in almost every kind of oral dosage like pellets, tablets, capsules, sachets, and others. Development of multifunctional excipients and co-processed excipients is also expected to play a vital role in market growth during the forecast period. This increase in demand can be attributed to the need to address the solubility issues of recently developed Active Pharmaceutical Ingredients (API). In the cosmetics & personal care segment, it is used as a texturizer and thickening agent. MCC is also used in instrumentations and industrial applications.
North America is the largest market for MCC. The food processing and pharmaceutical manufacturing industries in the region are the major end users of MCC. The European market also contributes significantly to the global market and is also the major market of MCC for food & beverage application. However, Asia-Pacific is projected to witness highest growth of MCC between 2015 and 2020. Presence of developing economies such as China, India, and others makes the region the most promising market for MCC. Moreover, many North American and European pharmaceutical drugs and excipient manufacturers find it more cost-effective to outsource their manufacturing processes to Asia-Pacific manufacturers or set up their own manufacturing facilities in the region.
This research study is aimed at identifying the emerging trends and opportunities in the global MCC market along with detailed classifications. The research study includes a detailed segmentation of the global MCC market, on the basis of application, source type, and geography. Apart from the market segmentation, this report also adopts the Porter’s Five Forces analysis to conduct an in-depth analysis of the market, providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global MCC market. The report also provides comprehensive competitive landscape and identifies the key players with respect to their market size and market share. Currently, the global MCC market is dominated by various market players such as FMC Corporation (U.S.), DuPont (U.S.), DFE Pharma (Germany), Asahi Kasei Corporation (Japan), and Tembec Inc. (Canada), among others.
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