Microcrystalline Cellulose Market Size to Reach $3210 Million by 2028, At 2.88% CAGR: Radiant Insights, Inc.

SAN FRANCISCO, Feb. 12, 2019 /PRNewswire/ -- Global microcrystalline cellulose market is estimated to expand at a substantial CAGR of 2.88% between 2017 and 2028 as the scope, product types, and its applications are increasing across the globe. Microcrystalline Cellulose (MCC) is a partly depolymerized specialty cellulose prepared by treating α-cellulose. Factors such as rising middle-class population, consumer product markets such as food & beverage and personal care, increasing per capita income, shifting demographic trends such as shift toward outdoor eating habits and growing consumer preference for fiber-rich diets, increasing purchasing power and increasing awareness concerning the use of home care and personal care products. In addition, high demand for low-fat dairy products in the region, growing disposable income in developing economies are likely to drive the market in the forthcoming period.

Microcrystalline cellulose market could be explored by source type, application, and geography. Market of microcrystalline cellulose may be explored by source type as Non-wood-based and Wood-based. The "Non-wood-based" segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market of microcrystalline cellulose include increasing consciousness relating to the rapid deforestation and growing carbon footprint have stimulated the necessity for environment-friendly production procedures. Microcrystalline cellulose market based on the application could span Cosmetics & Personal Care, Pharmaceutical, Food & Beverage and Others. Microcrystalline cellulose market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as increasing rapid urbanization and disposable income. North America is followed by Asia-Pacific region owing to shifting inclination towards outdoor eating habits, increasing demand and rapidly rising regions in terms of consumer expenditure on eating out.

Key players operating in the microcrystalline cellulose market include Asahi Kasei Corporation, DowDuPont Inc., Roquette Frères, Accent Microcell Pvt. Ltd, Mingtai Chemical Co., Ltd, JRS Pharma, Pharmatrans-Sanaq AG, NB Entrepreneurs, Wei Ming Pharmaceutical Mfg. Co., Ltd., And DFE Pharma. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry. The global Microcrystalline Cellulose market was valued at $2350 million in 2017, and the analysts predict the global market size will reach $3210 million by the end of 2028, growing at a CAGR of 2.88% between 2017 and 2028.

Access 185 page research report with TOC on "Microcrystalline Cellulose Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/2013-2028-report-on-global-microcrystalline-cellulose-market  

This report provides detailed historical analysis of global market for Microcrystalline Cellulose from 2013-2018 and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Microcrystalline Cellulose market.

• Leading players of Microcrystalline Cellulose including:

o   FMC
o   JRS
o   Mingtai
o   Asahi Kasei
o   Accent Microcell
o   Wei Ming Pharmaceutical
o   Juku Orchem Private Limited
o   BLANVER
o   Anhui Sunhere Pharmaceutical
o   Linghu Xinwang Chemical
o   Shandong Guangda
o   Huzhou Zhanwang Pharmaceutical
o   Jining Six Best Excipients
o   Aoda Pharmaceutical
o   QuFuShi Medical
o   Ahua Pharmaceutical
o   Qufu Tianli
o   Xinda biotchnology
o   Rutocel

• Market split by Type, can be divided into:

o   Wood Pulp Based
o   Refined Cotton Based

• Market split by Application, can be divided into:

o   Pharmaceutical
o   Food & Beverage
o   Cosmetics & Personal Care

• Market split by Sales Channel, can be divided into:

o   Direct Sales
o   Distribution Sales

• Market segment by Region/Country including:

o   North America (United States, Canada and Mexico)
o   Europe (Germany, UK, France, Italy, Russia and Spain etc.)
o   Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
o   South America Brazil, Argentina, Colombia and Chile etc.)
o   Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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