Global Microcrystalline cellulose Market:Highlights
· Microcrystallinecellulose is a naturally occurring polymer obtained by refining wood pulp. The alpha-cellulosein wood pulp is treated in the production of microcrystalline cellulose, whichmakes it perfect for use in anti-caking applications, emulsifier, andtexturizer.
· Theglobal microcrystalline cellulose market is projected to grow at aCAGR of nearly 6% between 2019 and 2027 andlikely to cross US$ 1.46 Bn by 2027. One ofthe prime drivers for the global microcrystalline cellulose market is the rapidgrowth of the global food and beverage industry in recent years.
· One ofthe key trends that has emerged in the global microcrystalline cellulose marketin recent years is the increasing popularity of biological leavening agents.Product managers and investors in the global market are concentrating ondifferent sectors such as ethylcellulose, carboxymethyl cellulose,microcrystalline cellulose, and methylcellulose among others. These productshave gained the status of new and innovative ingredient across a broad range ofindustries.
Global Microcrystalline cellulose Market:Pharmaceutical and Food & Beverage to Dominate Microcrystalline celluloseMarket
· Therising demand for packaged food products from affluent consumers in urbancenters has played a major role in the growing demand for microcrystallinecellulose from the food and beverage industry. Packaged foods need to be keptfresh for longer periods than conventionally required, making consistentbulking, texturizing, and anti-caking agents a key requirement. This is likelyto remain a key driver for the global microcrystalline cellulose market in thecoming years due to the rapid urbanization in emerging countries in AsiaPacific and the consequent changes in the local food and beverage industry.
· Microcrystallinecellulose (MCC) is among the most important and widely used excipients. It is akey diluent for drug formulations, and an essential component for almost everykind of oral dosage including tablets, capsules, sachets, pellets, and others.
· Increasingdemand for pharmaceuticals as a consequence of growing global geriatricpopulation base and the introduction of innovative products is expected todrive the global excipient demand and thereby, the demand for microcrystallinecellulose during the forecast period.
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Global Microcrystalline cellulose Market: MajorChallenges
· Microcrystallinecellulose, which is commercially manufactured nowadays, is majorly derived fromhard wood and purified cotton. The primary reason behind this is the highcontent of cellulose present in these substances. Additionally, themanufacturing process associated with these materials requires considerableexpertise, which makes their production cost higher.
· Inaddition to these raw materials, numerous other raw materials such as ricehusk, bagasse, bamboo, and corn cob or sorghum are currently being tested forthe production of microcrystalline cellulose. These sources have a variedpercentage of cellulose content, which makes the production of microcrystallinecellulose from them difficult.
· Microcrystallinecellulose face stiff competition from its substitute products such as guar gum,carboxymethylcellulose, xanthan gum, pectin, etc. High demand from food &beverage industry and high cost of production is likely to hamper the marketgrowth in near future. However, manufacturers are focusing on new productdevelopment and integrating their operations.
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Global Microcrystalline cellulose Market: RegionalHighlights
· Theglobal microcrystalline cellulose market is currently dominated by developedregions, due largely to the steady technological development in the region’sfood and pharmaceutical industries, which has made it easier for companies inthe region to adopt advances at a regular basis. The rising demand for low-fatfoods from health-conscious consumers in North America & Europe is likelyto play a key role in the growth of the microcrystalline cellulose market inthese regions.
· Thepharmaceutical and food and beverage industries have also undergone rapidgrowth in emerging countries in the last few years. Rapid urbanization incountries such as Mexico, South Africa, India, South Korea, China, Thailand,Brazil, and Argentina is likely to raise the demand for packaged food in theseregions, indirectly propelling the microcrystalline cellulose market.
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Key Developments in Global Microcrystallinecellulose Market
· In December2019, Asahi Kasei acquired halal certification from The AssessmentInstitute for Foods, Drugs and Cosmetics, the Indonesian Council of Ulama (MUI)for its microcrystalline cellulose products. The company focuses onmanufacturing & distributing their products used by customers from diversecultures and customs
· In November2019, Asahi Kasei’s Danish subsidiary acquired U.S. pharmaceuticalcompany Veloxis Pharmaceuticals Inc. through a voluntary tender offer forVeloxis Pharmaceuticals A/S which owns 100% of Veloxis.
· In June2019, FMC Corporation announced that it plans to invest more than US$50 million for research facility in Newark, Delaware. It has plannedto reconfigure the existing facility to enhance R&D efforts.
· In May2017, Blanver decided to divest its excipients business to focus onthe expansion of its two other divisions: Medicines and Active PharmaceuticalIngredients (APIs). Roquette signed agreement to acquire Blanver and toreinforce its global leadership in the pharmaceutical industry.
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Global Microcrystalline cellulose Market:Competition Landscape
· Themicrocrystalline cellulose Market is highly dominated by a few, large andmedium operating across the world. Some of the leading companies in the globalmicrocrystalline cellulose market include names such as FMCCorporation, Sigachi Industrial Pvt. Ltd., J. Rettenmaier & Sohne GmbH +Co. KG, Juku Orchem Pvt. Ltd., Accent Microcell Pvt. Ltd., and Asahi KaseiCorporation among others.
· Amajority of microcrystalline cellulose manufacturers are located in Europe andthe U.S., while some small-scale manufacturers are located Asia Pacific region.
· Manufacturersare investing considerably in the low cost raw material substitutes forconventional raw material sources
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