Microcrystalline Cellulose Market Share

European Market Forecast

The microcrystalline cellulose market in Europe is projected to hold share of about 34% during the forecast period. The growth of the market in the region can be propelled by the growing use of MCCs in food processing as an essential ingredient for cakes, ice cream, gel and canned foodstuff production over the forecast period. For example, according to Eurostat, Germany imported 26% of the total volume of canned beans imported into Europe in 2021. By value, it imported about EUR 114.1 million worth of canned beans into Germany in 2021.

North American Market Statistics

The North America microcrystalline cellulose market is projected to be the largest with a share of about 28% by the end of 2037. Increasing investments by large market players in the field of drug development and research programs can largely be attributed to this growth. Market growth is estimated to be driven by the rising incidence of gastrointestinal problems in people adopting new food habits, as well as an increasing consumption of sugary beverages.