Future Market Insights Inc. expects the microcrystalline cellulose market to grow at a CAGR of 4.7% between 2022 and 2028.

Future Market Insights Global and Consulting Pvt.limited company

According to the report, sales in the U.S. market are expected to grow at a CAGR of 4.6% over the period under review. North America’s demand is expected to account for 24.9% of the total market share by 2022

NEWARK, Delaware, Sept. 2, 2022 (GLOBE NEWSWIRE) — The global microcrystalline cellulose market is poised to gain ground by showing steady growth CAGR of 4.7% Throughout the forecast period from 2022 to 2028.The global microcrystalline cellulose market was valued at USD 619.8 million by 2022 and is expected to exceed $818 manganese 2028.

Variation between observed BPS values ​​in the microcrystalline cellulose market in the first half of 2022 – the outlook for the first half of 2022 is expected to reflect a 20 basis point share surge, according to a detailed analysis by Future Market Insights. However, the market is expected to grow by around 90 BPS in the first half of 2022 compared to the first half of 2021.

Future Market Insights presents half-yearly growth comparative forecasts for key developments in the Microcrystalline Cellulose market and other prominent market aspects. The demand for microcrystalline cellulose is on the rise owing to its widespread end-use in industries such as cosmetics and personal care, pharmaceuticals, and food and beverages.

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key takeaways

  • Sales of the microcrystalline cellulose market are expected to surge over the forecast year owing to dramatic changes in consumer preference for botanical ingredients in cosmetic and personal care products. Owing to these changing consumer preferences, the demand for microcrystalline cellulose has increased in the global market.

  • Innovations in non-wood alternatives made from agricultural waste have contributed to the growth of the microcrystalline cellulose market. Furthermore, its growing demand in various industries such as paints and coatings, personal care and cosmetics, and pharmaceuticals is expected to continue to lead the market growth.

  • The demand for microcrystalline cellulose in the food and beverage industry is expected to drive market growth owing to rising demand for processed foods such as bakery products and ready meals for dinner. Its increased use in meat products, bakery and confectionary, and dairy products will drive market sales.

  • The rapid demand for microcrystalline cellulose in the pharmaceutical industry witnessed abundant growth in the first half of the forecast period owing to the increasing utilization of microcrystalline cellulose in pharmaceuticals and pharmaceutical production. Apart from this, surging demand for processed foods is another important factor driving the growth of the market size.

  • Microcrystalline cellulose is derived from refined wood pulp and is widely used as a fat replacer, anti-caking agent, thickener, bulking agent, emulsifier and filler in a variety of food and beverage products. In addition to its applications in the food and beverage industry, microcrystalline cellulose is also used in the pharmaceutical industry to produce chewable tablets and topical ointments.

  • Growing demand from the personal care and cosmetic industries is creating lucrative growth opportunities for the microcrystalline cellulose market.

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Competitive Landscape

Manufacturers and key market players are investing heavily in technology to integrate microcrystalline cellulose (MCC) as an exfoliant into personal care products such as facial cleansers, body scrubs, and foaming powders.

Major market trends willing to accelerate the growth of the microcrystalline cellulose market have been enhanced by acquisitions, expansions, and collaborations, as well as substantial investments in research and development.

Amid the global pandemic, pharmaceutical companies have increased their R&D efforts to help develop new drugs and other active pharmaceutical ingredients (APIs), which will drive the market growth throughout the forecast period.

More Insights on Microcrystalline Cellulose Market

North America is expected to witness strong growth over the forecast period as this market will account for 24.9% of the total global market revenue share in 2022. The U.S. market is expected to grow at a strong CAGR of 4.6% over the assessment period.

The United Kingdom is expected to gain a total market share of approximately 67.4% in 2022, thereby dominating the global microcrystalline cellulose market. According to the FMI report, the UK is expected to surge at a CAGR of 3.1% as the pharmaceutical and healthcare sector continues to expand. These factors will continue to boost the market throughout the evaluation period.

India is expected to exhibit a healthy CAGR of 7.1% throughout the forecast period, thereby presenting lucrative growth opportunities throughout the forecast period. Rising production and consumption of processed and ready meals has led to a surge in the microcrystalline cellulose market in developing countries such as India.

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Microcrystalline Cellulose Market by Category

Material:

application:

area

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia

  • Oceania

  • Middle East and Africa

Contents of the table

1.executive Summary

1.1.market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market introduction

2.1.market definition

2.2. Market Classification

3. Market Background

3.1.macroeconomic factors

3.2. Global Economic Outlook

3.3. Market dynamics

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Explore the broad coverage of FMI Chemicals and Materials Market Insights Outlook:

Carboxymethyl Cellulose Market: The Carboxymethyl Cellulose Market is worth USD 1.71 billion by 2021. It will grow at a CAGR of 5.2% through 2027.

Microcrystalline Wax Market: The microcrystalline wax market is increasingly gravitating towards natural waxes, and the excellent properties of waxes such as elasticity, melting point and flexibility are conducive to growth.

Cellulose Derivatives Market: The global cellulose derivatives market size is valued at USD 5,873.4 million in 2022. The expanding demand and wide-ranging applications in various industries are expected to be the major growth drivers of the market.

Methylcellulose Market: Methylcellulose is a hydrophilic white powder compound derived from cellulose. It is non-irritating, non-toxic and non-allergenic.

Nanocrystalline Cellulose Market: Nanocrystalline Cellulose is classified as a key growing renewable nanomaterial that is likely to have a huge impact on numerous end-user industries.

About Future Market Insights Inc.

Future Market Insights, Inc. is an ESOMAR accredited business consulting and market research firm, a member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. We have been awarded the 2022 Clutch Leader Award for our high client score (4.9/5) and we have been working with global businesses to transform their businesses and help them achieve their business ambitions. 80% of Forbes 1000 companies are our customers. We serve global clients in all leading and niche market segments across all major industries.

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