Microcrystalline Cellulose Market

Microcrystalline Cellulose Market: Surging Uptake by Food Industry to Provide a Prominent Push to Revenue Growth: Industry Analysis 2013-2017 and Opportunity Assessment, 2018-2028

  • 2018-12-20
  • REP-GB-1017
  • 200 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Microcrystalline Cellulose Market

This study offers a comprehensive, 360 degree analysis on the Microcrystalline Cellulose market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Microcrystalline Cellulose market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The report covers comprehensive information about market trends, value (US$ Mn) forecasts, market dynamics, competition & recent developments in the global microcrystalline cellulose market during the assessment period, i.e. 2018 to 2028.

Microcrystalline Cellulose (MCC) is a partially depolymerized specialty cellulose prepared by treating α-cellulose. MCC is widely used in pharmaceutical, food & beverage, cosmetic and other industrial applications, owing to its broad spectrum of properties. MCC is used a suspension stabilizer and an excipient, owing to its chemical inertness and non-toxic nature.

Increasing Disposable Income in Emerging Economics to Fuel Growth of Microcrystalline Cellulose Market

Supported by the rapidly growing middle class population and increasing disposable income, consumer product markets such as food & beverage and personal care are expected to witness significant growth. Going forward, increasing per capita income and changing demographic trends such as shift towards outdoor eating habits and increasing consumer preference for fiber rich diets are some of the key factors fueling the demand for microcrystalline cellulose in the global market. Furthermore, in developing countries, rising awareness regarding the use of personal care & home care products and increasing purchasing power are attracting individuals towards the use of products that were earlier unaffordable.

Development and Use of Non-Wood Based Microcrystalline Cellulose in the Global Market

Rising awareness pertaining to the increasing carbon footprint and rapid deforestation have stimulated the need for environment-friendly production processes and non-wood based fibers as raw materials for microcrystalline cellulose. Moreover, the most common and commercial non-wood based source for microcrystalline cellulose includes cotton linters, which is a high value-added crop. Hence, against the aforementioned background, agro-fiber plant waste such as the stalk from Sorghum caudatum and wheat straw have emerged as potential alternative sources for MCC. Additionally, market participants are also endeavoring towards the development of eco-friendly solvents as a replacement for conventionally-used mineral acids such as HCL to increase production plant life.

North America to Dominate the Global Microcrystalline Cellulose Market and Asia Pacific to register Robust Growth during the Forecast Period

The North America market is one of the leading consumers of microcrystalline cellulose; however, during the assessment period, China and India are expected to emerge as lucrative regions for growth, driven by rising disposable income and rapid urbanization. China & India are estimated to collectively account for more than one-fourth of the market share by the end of 2028. Furthermore, the shifting trend towards outdoor eating habits is anticipated to drive the demand for microcrystalline cellulose in the near future. Asia Pacific including India, China and South East Asia are rapidly growing regions in terms of consumer spending on eating out. Asia Pacific is projected to account for about 38% of microcrystalline cellulose for food & beverages applications. Furthermore, growing health consciousness and increasing demand for protein and nutraceutical diets are fueling the demand for microcrystalline cellulose, particularly in Asia Pacific.

Investments in Development of Innovative Production Processes to Improve Final Product Quality, Optimize Process Output Yield and Reduce Production Costs

Market participants in the microcrystalline cellulose market are investing in the development of innovative production process to improve final product quality, optimize the process output yield and reduce production cost. Moreover, market participants are also focusing on improving operations to decrease operational costs and thus, increase profit margins.

Companies are investing on expanding their global presence, particularly in high growth regions such as China, ASEAN countries and India, to tap potential opportunities. For instance, FMC Corporation expanded its global MCC production capacity by investing US$ 100 Mn to build a new microcrystalline cellulose facility in Rayong, Thailand, which will effectively increase its production capacity by 35%. The new production capacity is set to offer microcrystalline cellulose particularly for food & beverage applications.

Some of the prominent market participants covered in this market study on the global microcrystalline cellulose market are DowDupont Inc., Asahi Kasei Corporation, Roquette Frères, Mingtai Chemical Co., Ltd, Accent Microcell Pvt. Ltd, JRS Pharma, NB Entrepreneurs, Pharmatrans-Sanaq AG, DFE Pharma and Wei Ming Pharmaceutical Mfg. Co., Ltd.

Key Questions Answered in the Report

  • How has the microcrystalline cellulose market evolved in the past four years?

  • What shape is the microcrystalline cellulose market expected to take in terms of value during the study period?

  • What are some of the prevailing market dynamics in the microcrystalline cellulose market?

  • What are some of the competition developments and trends affecting the microcrystalline cellulose market?

  • What are some of the underlying macro-economic and industry factors impacting the growth of the microcrystalline cellulose market?

  • What are the important key challenges, opportunities and improvement factors for microcrystalline cellulose market players?

  • What are the important market positioning and key strategies of key service providers as per the microcrystalline cellulose market taxonomy?

  • How is the competition structured at present and how has it evolved in the microcrystalline cellulose market over the past few years?

Future Market Insights analyzes the global microcrystalline cellulose market in its new publication titled “Microcrystalline Cellulose Market Forecast, Trend Analysis & Competition Tracking – Global Review: 2018–2028”. This study provides a thorough analysis and key insights on the target market on the basis of material type, application and region for the historical period 2013–2017 and forecast period 2018–2028. The objective of the report is to assess the dynamics in the microcrystalline cellulose market and provide key information pertaining to the several segments of the market. To provide a better understanding and support stakeholders for decision making and market analysis, the report is incorporated with the analysis of drivers, restraints and trends that influence the current market scenario and are expected to impact the global microcrystalline cellulose market over the forecast period.The study provides data for 2017 along with an inclusive market forecast for the period 2018–2028.

Market segmentation

By Material Type

By Application

By Region

  • Wood Based

  • Non-Wood Based

  • Food & Beverages

  • Pharmaceuticals

  • Cosmetics & Personal Care

  • Paints & Coatings

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • South East Asia & Other APAC

  • China

  • India

  • Japan

  • Middle East & Africa

Report Description

To understand and determine market opportunities and trends, the global microcrystalline cellulose market report has been categorically split into different sections on the basis of material type, application and regions. The global microcrystalline cellulose market report begins with the market overview and provides market definitions and a taxonomy along with value chain, market dynamics & pricing analysis pertaining to the market. Following this, the microcrystalline cellulose market background has been covered, which includes various factors such as macro-economic factors, region-wise chemical demand, personal care & cosmetics overview, paints & coating industry overview and global GDP outlook affecting the microcrystalline cellulose market. The market background also covers the market dynamics that affect the microcrystalline cellulose market. The dynamics covered in the report are drivers, restraints and trends. The market background includes value chain analysis wherein the flow of microcrystalline cellulose from raw material manufacturers and microcrystalline cellulose manufacturers to the end user through various distributors and retailers involved is listed. The final part in the microcrystalline cellulose market background is the forecast factors, which include the factors that are expected to have an impact on the global microcrystalline cellulose market.

The sections that follow include global microcrystalline cellulose market analysis by material type and applications and regional/country level analysis. All the above sections evaluate the global microcrystalline cellulose market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global microcrystalline cellulose market. To give a brief idea about revenue opportunities from the application, material type and region/country-wise segments, the report also provides market value (US$ Mn) data, growth rates, market shares and total incremental $ opportunity indices for each segment over the forecast period (2018–2028).

In the final section of the global microcrystalline cellulose market report, we have provided a detailed competition landscape with company market shares and performance in order to provide report audiences with a dashboard view of key players operating in the global microcrystalline cellulose market along with their business strategies. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For microcrystalline cellulosemarket data analysis, we have considered 2017 as the base year with market numbers estimated for 2018 and forecasts made for 2018–2028. The FMI assessment on the global microcrystalline cellulose marketis based on a multipronged approach that comprises secondary and primary and triangulation of data obtained therefrom. During the initial phase of research work, the product mapping was done, in which the types of products offered by major players with respect to application area were identified. Further, in secondary research, data available in public domains such as industry association, company annual reports, white papers, publications, journals and government sites, among other sources was collected and a set of data points were built. For the same, a top-down approach has been used to assess market numbers for each type and a bottom-up approach has been used to counter validate the market estimation. For forecast assessment, forecast growth for end uses such as food & beverage, pharmaceutical and cosmetics and other factors affecting the consumption of microcrystalline cellulose have also been considered. The forecast presented in the microcrystalline cellulosereport evaluates the actual market size (US$ Mn) in 2017 and the expected market value of the global microcrystalline cellulose marketover the forecast period.

We have also analyzed the different segments of the global microcrystalline cellulose marketin terms of basis point share (BPS) to understand each individual segment’s relative contribution to market growth. This detailed level of information is important for identifying various key trends governing the global microcrystalline cellulose market. The report also analyses the global microcrystalline cellulose marketbased on the incremental $ opportunity and global absolute $ opportunity. This is usually overlooked while estimating the market forecast; however, from a business development perspective, it is essential to identify that market attractiveness in terms of three indices, viz. market share index, CAGR index and incremental $ opportunity index, to identify the high potential resources in the microcrystalline cellulose market. Moreover, the market attractiveness index is essential to understand the key segments in terms of their performance and growth in the global microcrystalline cellulose market, which would help clients identify real market opportunities in the global microcrystalline cellulose market.

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