Microcrystalline Cellulose Market to Witness Swift Growth Owing to Increase in Number of Pharmaceutical Companies & Processed Food Industries Till 2028 | Million Insights

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Mar 27, 2019, 06:40 ET

FELTON, California, March 27, 2019 /PRNewswire/ -- Global microcrystalline cellulose market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Microcrystalline cellulose (MCC) is a term used for refined wood pulp and is used as a bulking agent, a texturizer, an extender, an anti-caking agent, an emulsifier, and a fat substitute in food production. It is exclusively used in vitamin tablets or supplements and in plaque assays as a substitute to carboxymethyl cellulose.

The factors that are playing a major role in the growth of microcrystalline cellulose (MCC) industry are the developing processed food industries across the globe, the rising pharmaceutical companies, and the acceptance of microcrystalline cellulose as a pharmaceutical excipient. However, the presence of alternatives for specific pharma and food & beverage applications may restrain the overall market in the years to come. Microcrystalline cellulose market is segmented based on source type, application, and region.

Browse research report with TOC on "Global Microcrystalline Cellulose Market" at: https://www.millioninsights.com/industry-reports/microcrystalline-cellulose-market

Non-wood-based and wood-based are the source types that could be explored in microcrystalline cellulose industry in the forecast period. In terms of volume and value, the wood-based type sector accounted for the significant share of microcrystalline cellulose (MCC) market and is estimated to lead the overall market in the years to come.

The market may be categorized based on applications like cosmetics & personal care, pharmaceutical, food & beverage, and others that could be explored in the forecast period. The pharmaceutical sector accounted for the substantial share of microcrystalline cellulose industry and is estimated to continue its dominance in the years to come. The reason could be the rising use of microcrystalline cellulose in the quick release of tablets and liquid dosage forms, chewable & effervescent tablets, and others.

Globally, Europe accounted for the substantial share of microcrystalline cellulose market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the high investments in drug development, the rise in employment rate, pharmaceutical industries initiative to offer superior-quality products, and economic retrieval.

North America and the Asia Pacific are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of microcrystalline cellulose in this region.

The key players of the microcrystalline cellulose industry are DFE Pharma GmbH & Co.KG, Dow DuPont, Roquette, Asahi Kasei Chemicals Corporation, and Rayonier Advanced Materials. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Market Segment:

Leading players of Microcrystalline Cellulose including:

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

Market split by Type, can be divided into:

Wood Pulp Based
Refined Cotton Based

Market split by Application, can be divided into:

Pharmaceutical
Food & Beverage
Cosmetics & Personal Care

Market split by Sales Channel, can be divided into:

Direct Sales
Distribution Sales

Market segment by Region/Country including:

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

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