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Published Date: 2015-03-18Number of Pages: 98

Microcrystalline Cellulose (MCC) Market for Food and Beverage, Pharmaceutical, Personal Care and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Global Microcrystalline Cellulose Market: Snapshot 

Microcrystalline cellulose is a naturally occurring polymer obtained by refining wood pulp. The alpha-cellulose in wood pulp is treated in the production of microcrystalline cellulose, which makes it perfect for use in anti-caking applications, emulsifier, and texturizer. Microcrystalline cellulose is thus also ideal for use as a bulking agent and fat substitute, as it is insoluble in most solvents, including mild acids. Being a cellulose derivative, it is unaffected by the digestion process in humans and has thus become a popular bulking agent in a variety of consumables, including food and pharmaceutical products. 

According to Transparency Market Research (TMR), the global microcrystalline cellulose market is expected to reach a valuation of US$936.3 mn by 2020. The market has followed a steady growth trajectory in recent years and is expected to achieve close to 50% growth within the last six years of the ongoing decade. 

Steady Expansion of Food and Beverage Industry Set to Benefit Microcrystalline Cellulose Market 

One of the prime drivers for the global microcrystalline cellulose market is the rapid growth of the global food and beverage industry in recent years. The global microcrystalline cellulose market has benefited from the rising demand for international as well as domestic transfer of food products due to the demands of globalization. 

The rising demand for packaged food products from affluent consumers in urban centers has played a major role in the growing demand for microcrystalline cellulose from the food and beverage industry. Packaged foods need to be kept fresh for longer periods than conventionally required, making consistent bulking, texturizing, and anti-caking agents a key requirement. This is likely to remain a key driver for the global microcrystalline cellulose market in the coming years due to the rapid urbanization in emerging countries in Asia Pacific and the consequent changes in the local food and beverage industry. 

The pharmaceutical industry’s steady growth in developed countries has also been important for the global microcrystalline cellulose market. Its application as an excipient in several pharmaceutical formulations is likely to remain a key driver for the global microcrystalline cellulose market in the coming years, as the increasing global geriatric population, among other factors, has propelled the need for consistent product development in the pharmaceuticals sector. 

Rising Demand from Emerging Regions could Upset North America’s Dominance

The global microcrystalline cellulose market is currently dominated by North America, due largely to the steady technological development in the region’s food and pharmaceutical industries, which has made it easier for companies in the region to adopt advances at a regular basis. The rising demand for low-fat foods from health-conscious consumers in North America is likely to play a key role in the growth of the microcrystalline cellulose market in the region. 

The pharmaceutical and food and beverage industries have also undergone rapid growth in emerging countries in the last few years. Rapid urbanization in countries such as Mexico, South Africa, India, South Korea, China, Thailand, Brazil, and Argentina is likely to raise the demand for packaged food in these regions, indirectly propelling the microcrystalline cellulose market. The pharmaceutical industry has also posted strong results in developing regions due to the steady availability of private as well as government funding. The rising urban as well as geriatric population in emerging economies is thus likely to remain a key driver for the global microcrystalline cellulose market. 

Leading players in the global microcrystalline cellulose market include FMC Corporation, Asahi Kasei Corporation, Accent Microcell Pvt. Ltd., J. RETTENMAIER & SÖHNE GmbH + Co KG, Juku Orchem Pvt. Ltd., Sigachi Industrial Pvt. Ltd., Libraw Pharma, Avantor Performance Materials Inc., and DFE Pharma GmbH & Co. KG.

The report analyzes and forecasts the market for microcrystalline cellulose on the global and regional level. The market has been forecast based on volume (Tons) and revenue (US$ Thousand) from 2014 to 2020. The study includes drivers and restraints of the global microcrystalline cellulose market. It also covers the impact of these drivers and restraints on demand for microcrystalline cellulose during the forecast period. The report comprises the study of opportunities in the microcrystalline cellulose market on the global and regional level. 
 
The report includes a detailed value chain analysis, which provides a comprehensive view of the global microcrystalline cellulose market. Analysis of Porter’s Five Forces model for the microcrystalline cellulose market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate and general attractiveness.
 
The study provides a decisive view on the global microcrystalline cellulose market by segmenting it in terms of end-users. End-user segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also covers demand for individual end-user segments in all the regions.
 
The study includes profiles of major companies operating in the global microcrystalline cellulose market. Key players profiled in the report include Asahi Kasei Corporation, BLANVER FARMOQUÍMICA LTDA, FMC Corporation, DFE Pharma GmbH & Co. KG, J. RETTENMAIER & SÖHNE GmbH + Co KG, Libraw Pharma, JUKU ORCHEM PRIVATE LIMITED, Sigachi Industrial Pvt. Ltd., Avantor Performance Materials, Inc., MINGTAI CHEMICAL CO., LTD. and Accent Microcell Pvt. Ltd. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies and recent developments.
 
The report provides the market size of MCC for 2013 and forecast for the next six years. The global market size of MCC is provided in terms of both volume as well as revenue. Market volume is defined in tons, while market revenue is in US$ thousand. Market numbers are estimated based on various key end-user segments of MCC. Market size and forecast for each major end-user is provided in terms of global and regional markets.
 
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
 
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases and webcasts specific to companies operating in the market.
 
Primary research involves e-mail interactions, telephonic interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape and outlook, etc. These help validate and strengthen the secondary research findings. These also help develop the analysis team’s expertise and market understanding.
 
The report segments the global microcrystalline cellulose market as:
 
Microcrystalline Cellulose Market: End-user Segment Analysis
  • Food and Beverage
  • Pharmaceutical
  • Personal Care 
  • Others (including paints & coatings, etc.) 
Microcrystalline Cellulose Market: Regional Analysis
  • North America
  • Europe
  • Asia Pacific
    • China
    • Japan
    • Southeast Asia
      • Singapore
      • Indonesia
      • Thailand
      • Vietnam
    • South Asia
      • India
    • Rest of Asia
  • RoW (South America, Africa and the Middle East)


 
 
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