Microcrystalline Cellulose Market Overview
Microcrystalline Cellulose Market is anticipated to register a CAGR of 6.78% to reach USD 1,204.7 Million by the end of 2027.
The report on the microcrystalline cellulose market shows substantial promise of growth with a decent CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR), in its detailed report on the microcrystalline cellulose market, revealed various factors that can impact the market and ensure a strong surge in the revenue. The market is getting good support from the pharmaceutical sector for its ability to help in digestion, which is also getting traction from the elderly population. In the food & beverage industry, this market is growing substantially. The hike in demand for low-fat processed food is bolstering global market growth. On the other hand, the market stands to profit from the rising level of urbanization, which is inspiring the intake of low-fat packaged food in developing countries. The pharmaceutical companies from Italy, Germany, France, and others can boost global market growth.
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Segmentation:
The global report on the microcrystalline cellulose market has been segmented by MRFR research analysts on the basis of raw material and end-user. These two segments have substantial market inputs and they have been backed by charts, graphs, and analyses of factors. These can influence strategic moves that can increase the profit margin.
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Competitive Landscape:
Dupont (the U.S.), Blanver (Brazil), FMC Corporation (the U.S), Mingtai Chemical Co. Ltd. (Canada), JMitsubishi Chemical Corporation (Japan), RS PHARMA (the U.S.), Avantor (the U.S.), Accent Microcell Pvt. Ltd (India), Asahi Kasei Corporation (Japan), FrieslandCampina (the Netherlands), Libraw Pharma (India), Huzhou City Linghu Xinwang Chemical Co., Ltd (China), DFE Pharma (Germany), Sigachi Industries Pvt. Ltd. (India), and Shandong Xinda Biotechnology Co., Ltd (China) are some of the prominent names in the global microcrystalline cellulose market. These players and their strategic tools are inspiring positive results. Their tools often encompass moves like mergers, acquisitions, investment plans for the research and development sector, branding, launching, and others. MRFR’s listing of these recent changes in market stance would help in better market assessments.
By raw material, the study on the global microcrystalline cellulose market has been segmented into wood and non-wood. The non-wood-based microcrystalline cellulose is showing ample scope of exploring opportunities that can help it to grow.
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By end-user, the report on the microcrystalline cellulose market has been segmented into cosmetics & personal care, food & beverage, pharmaceuticals, and others. The food & beverage sector is fetching substantial revenue.
Regional Analysis:
In North America, the rise in the number of health-conscious people, better influx rate of investment, structural support, high consumption capacity, and others can inspire the regional market growth. Countries like the US and Canada will usher in changes. In Europe, the market would get bolstered by the pharmaceutical industry. Other major market influencers are quite similar to that of North America. The Asia Pacific region has a notable scope to record the fastest CAGR during the forecast period as the rising disposable income is transforming the consumption pattern.
Industry News:
The global market for microcrystalline cellulose is all set to experience the influences of the COVID-19 crisis. This pandemic has led to lockdowns that were unprecedented and most of the cities and people were not at all prepared due to which the market struggled to maintain a proper supply. The first phase of the lockdown witnessed food hoarding, which triggered the demand for packaged food. But that also disrupted the supply chain, which slowed down the market for sometime. However, the current phase is all set to take the market back on its track.
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