the global Microcrystalline Cellulose MCC market size is projected to grow from USD 540.5 million in 2023 to USD 1,109.2 million by 2029
Published Date: Friday,22 Dec,2023
Microcrystalline Cellulose MCC
Microcrystalline Cellulose MCC Market Summary
Product Definition:
Microcrystalline cellulose (MCC) is a processed form of cellulose that is derived from naturally occurring plant fibers. It is widely used as an excipient in the pharmaceutical, food, and cosmetic industries. MCC is produced by treating cellulose with acid and then subjecting it to mechanical processing, resulting in fine particles with a crystalline structure.
Product Picture of Microcrystalline Cellulose MCC
Market Drivers:
The market for microcrystalline cellulose (MCC) is driven by several factors, including:
- Growing Pharmaceutical Industry: MCC is extensively used as an excipient in the pharmaceutical industry due to its functional properties. With the increasing demand for pharmaceutical products globally, the demand for MCC as a binder, disintegrant, filler, and diluent in tablet formulations is expected to rise.
- Rising Consciousness about Health and Wellness: There is a growing awareness among consumers about the importance of maintaining a healthy lifestyle, which includes the consumption of functional foods and dietary supplements. MCC is commonly used in these products as a bulking agent, stabilizer, and emulsifier. As the demand for functional foods and supplements increases, so does the demand for MCC.
- Advancements in Drug Delivery Systems: The development of novel drug delivery systems, such as controlled-release formulations, requires the use of excipients like MCC. MCC's ability to control the release of active ingredients over a specific period makes it a valuable component in these systems, driving its market growth.
- Increasing Focus on Quality and Stability: MCC has excellent stability properties, helping to maintain the integrity of pharmaceutical formulations and ensuring product quality and efficacy over time. As the pharmaceutical industry strives for improved quality and longer shelf-life of products, the demand for MCC as a stability-enhancing excipient increases.
- Regulatory Compliance: MCC is approved by regulatory authorities such as the U.S. FDA and the European Medicines Agency, making it a preferred choice for use in pharmaceuticals and other regulated industries. The need to comply with regulatory standards and ensure product safety and efficacy drives the demand for MCC.
- Technological Advancements in Manufacturing Processes: Ongoing developments in the manufacturing processes of MCC, such as improved refining techniques and particle size control, have resulted in higher-quality products with enhanced functionalities. These advancements have driven the market for MCC by expanding its applications and improving its performance.
- Growing Demand for Personal Care Products: MCC is used in the cosmetic and personal care industry as a viscosity modifier, emulsion stabilizer, and texture enhancer. With the increasing focus on personal grooming, skincare, and beauty products, the demand for MCC in this sector is expected to grow.
- Sustainable and Renewable Nature: MCC is derived from plant fibers, making it a sustainable and renewable excipient option. With growing environmental concerns, the use of MCC aligns with the trend towards eco-friendly and bio-based ingredients.
These drivers contribute to the steady growth of the MCC market, as they create a demand for its versatile applications and functional properties across various industries.
- Global Microcrystalline Cellulose MCCMarketSize (US$ Million), 2018-2029
Source: GlobalInfoResearch, “Global Microcrystalline Cellulose MCC Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.
According to the new market research report "Global Microcrystalline Cellulose MCC Market Report 2023-2029", published by GlobalInfoResearch, the global Microcrystalline Cellulose MCC market size is projected to grow from USD 540.5 million in 2023 to USD 1,109.2 million by 2029, at a CAGR of 12.7% during the forecast period.
- Microcrystalline Cellulose MCC,Ranking of Major Global Players
Source: GlobalInfoResearch, “Global Microcrystalline Cellulose MCC Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.
In 2023, the global top five Microcrystalline Cellulose MCC players account for 60.6% of market share in terms of revenue. Above figure shows the key players ranked by revenue share in Microcrystalline Cellulose MCC.
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