Microcrystalline Cellulose Market Analysis

Raw Material Source (Wood-Based, Non-Wood-Based)

The non-wood-based segment is estimated to hold 58% share of the global microcrystalline cellulose market in the year 2037. The increase in the use of other sources than wood to produce microcrystalline cellulose, i.e. cotton fibers, palm hulls, oil palm forest residue, corn cobs, cotton fibers, wheat hull, soya bean, and alfa fiber, has primarily contributed to this segment's growth. Furthermore, market segment growth is also being driven by increased demand for food and beverage products throughout the world. As a result, by 2023, India's food and beverages sector are estimated to be worth more than USD 960 billion.

Application (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care)

Microcrystalline cellulose market from the pharmaceutical segment is expected to garner a significant share of around 36% in the year 2037. There has been a growing use of MCC within the pharmaceutical sector for different purposes. Among other things, MCC is used as a binder, film-forming agent, disintegrant, and suspension agent in pharmaceutical excipients. In the years to come, segment growth is projected to be driven by an increase in the number of chemical companies that produce excipients and formulations needed for tablet preparation.

Our in-depth analysis of the global MCC market includes the following segments: