Global Microcrystalline Cellulose Market- Major Drivers, Applications and Top Key Players, 2019-2027
Global Microcrystalline cellulose Market:
Highlights
·
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.
·
The
global microcrystalline cellulose market is projected to grow at a
CAGR of nearly 6% between 2019 and 2027 and
likely to cross US$ 1.46 Bn by 2027. 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.
·
One of
the key trends that has emerged in the global microcrystalline cellulose market
in recent years is the increasing popularity of biological leavening agents.
Product managers and investors in the global market are concentrating on
different sectors such as ethylcellulose, carboxymethyl cellulose,
microcrystalline cellulose, and methylcellulose among others. These products
have gained the status of new and innovative ingredient across a broad range of
industries.
Global Microcrystalline cellulose Market:
Pharmaceutical and Food & Beverage to Dominate Microcrystalline cellulose
Market
·
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.
·
Microcrystalline
cellulose (MCC) is among the most important and widely used excipients. It is a
key diluent for drug formulations, and an essential component for almost every
kind of oral dosage including tablets, capsules, sachets, pellets, and others.
·
Increasing
demand for pharmaceuticals as a consequence of growing global geriatric
population base and the introduction of innovative products is expected to
drive the global excipient demand and thereby, the demand for microcrystalline
cellulose during the forecast period.
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Global Microcrystalline cellulose Market: Major
Challenges
·
Microcrystalline
cellulose, which is commercially manufactured nowadays, is majorly derived from
hard wood and purified cotton. The primary reason behind this is the high
content of cellulose present in these substances. Additionally, the
manufacturing process associated with these materials requires considerable
expertise, which makes their production cost higher.
·
In
addition to these raw materials, numerous other raw materials such as rice
husk, bagasse, bamboo, and corn cob or sorghum are currently being tested for
the production of microcrystalline cellulose. These sources have a varied
percentage of cellulose content, which makes the production of microcrystalline
cellulose from them difficult.
·
Microcrystalline
cellulose face stiff competition from its substitute products such as guar gum,
carboxymethylcellulose, xanthan gum, pectin, etc. High demand from food &
beverage industry and high cost of production is likely to hamper the market
growth in near future. However, manufacturers are focusing on new product
development and integrating their operations.
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Global Microcrystalline cellulose Market: Regional
Highlights
·
The
global microcrystalline cellulose market is currently dominated by developed
regions, 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 & Europe is likely
to play a key role in the growth of the microcrystalline cellulose market in
these regions.
·
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.
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Key Developments in Global Microcrystalline
cellulose Market
·
In December
2019, Asahi Kasei acquired halal certification from The Assessment
Institute for Foods, Drugs and Cosmetics, the Indonesian Council of Ulama (MUI)
for its microcrystalline cellulose products. The company focuses on
manufacturing & distributing their products used by customers from diverse
cultures and customs
·
In November
2019, Asahi Kasei’s Danish subsidiary acquired U.S. pharmaceutical
company Veloxis Pharmaceuticals Inc. through a voluntary tender offer for
Veloxis Pharmaceuticals A/S which owns 100% of Veloxis.
·
In June
2019, FMC Corporation announced that it plans to invest more than US$
50 million for research facility in Newark, Delaware. It has planned
to reconfigure the existing facility to enhance R&D efforts.
·
In May
2017, Blanver decided to divest its excipients business to focus on
the expansion of its two other divisions: Medicines and Active Pharmaceutical
Ingredients (APIs). Roquette signed agreement to acquire Blanver and to
reinforce its global leadership in the pharmaceutical industry.
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Global Microcrystalline cellulose Market:
Competition Landscape
·
The
microcrystalline cellulose Market is highly dominated by a few, large and
medium operating across the world. Some of the leading companies in the global
microcrystalline cellulose market include names such as FMC
Corporation, Sigachi Industrial Pvt. Ltd., J. Rettenmaier & Sohne GmbH +
Co. KG, Juku Orchem Pvt. Ltd., Accent Microcell Pvt. Ltd., and Asahi Kasei
Corporation among others.
·
A
majority of microcrystalline cellulose manufacturers are located in Europe and
the U.S., while some small-scale manufacturers are located Asia Pacific region.
·
Manufacturers
are investing considerably in the low cost raw material substitutes for
conventional raw material sources
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