Dublin, Sept. 07, 2018 (GLOBE NEWSWIRE) -- The "Microcrystalline Cellulose (MCC) Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care,), Raw Material Source (Wood-based, Non-wood-based), and Region (North America, Europe, APAC, RoW) - Global Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The market size of microcrystalline cellulose (MCC) is estimated at USD 885.1 million in 2018 and is projected to reach USD 1,241.4 million by 2023, at a CAGR of 7.0% between 2018 and 2023.
MCC is widely used in pharmaceutical, food & beverage, and cosmetic & personal care applications. As it is chemically inert and not absorbed in the human body, it is widely used in the pharmaceutical and food & beverage applications as a thickener, stabilizer, binder, dispersant, and bulking & anti-caking agent.
The growth of the pharmaceutical application has also helped increase the demand for MCC as it is widely used in the form of excipient. Apart from this, the significant demand from the emerging economies is one of the major opportunities for the MCC market. However, availability of substitutes for specific food & beverage and pharmaceutical applications restrains the growth of the market.
Non-wood-based MCC are being increasingly used in the MCC market, primarily because of the high demand for low cost non-wood-based MCC from various applications such as pharmaceutical and food & beverage.
The MCC market in APAC is projected to register the highest CAGR during the forecast period, in terms of both value and volume. This growth can be attributed to the increasing demand for MCC from the region's growing pharmaceutical, food & beverage, and cosmetics & personal care applications which are extensively using MCC.
This report covers the MCC market and forecasts the size of the market until 2023. The report includes the segmentation of the market based on application, source type, and region. Porter's Five Forces analysis and key market dynamics, such as drivers, restraints, challenges, and opportunities influencing the growth of the MCC market have been discussed in the report. The report also provides company profiles and competitive benchmarking of major players operating in the market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the MCC Market
4.2 MCC Market, By Source Type
4.3 MCC Market, By Application and Region
4.4 MCC Market, By Country
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Pharmaceutical Industry is Driving the MCC Market
5.1.1.2 Increasing Acceptance of MCC as A Pharmaceutical Excipient
5.1.1.3 Increase in Demand for MCC Due to Growth in the Processed Food Industry
5.1.2 Restraints
5.1.2.1 Availability of Substitutes for Specific Food & Beverage and Pharmaceutical Applications
5.1.3 Opportunities
5.1.3.1 Increasing Demand From Emerging Economies
5.1.3.2 Growth in Non-Wood-Based MCC
5.1.4 Challenges
5.1.4.1 challenge to Produce Low-Cost MCC
5.2 Value Chain Analysis
5.3 Porter's Five Forces Analysis
6 MCC Market, By Source Type
6.1 Introduction
6.2 Wood Based
6.3 Non-Wood Based
7 MCC Market, By Application
7.1 Introduction
7.2 Food & Beverage
7.3 Pharmaceutical
7.4 Cosmetics & Personal Care
7.5 Others
8 Regional Analysis
9 Competitive Landscape
9.1 Introduction
9.2 Key Growth Strategies
9.2.1 New Product Developments/Launches
9.2.2 Expansions
9.2.3 Acquisitions
9.2.4 Agreements, Partnerships, Joint Ventures, Acquisitions, and Collaborations
10 Company Profiles
10.1 Dowdupont
10.2 Asahi Kasei Chemicals Corporation
10.3 Rayonier Advanced Materials
10.4 Roquette
10.5 DFE Pharma GmbH & Co.Kg
10.6 JRS Pharma GmbH & Co. Kg
10.7 Avantor Performance Materials Inc.
10.8 Gujarat Microwax Limited
10.9 Sigachi Industrial Pvt. Ltd.
10.10 Huzhou City Linghu Xinwang Chemical Co., Ltd
10.11 Other Companies
10.11.1 Accent Microcell Pvt. Ltd
10.11.2 Anhui Sunhere Pharmaceutical Excipients Co., Ltd
10.11.3 Ranq Remedies Pvt. Ltd
10.11.4 Mingtai Chemical Co., Ltd
10.11.5 Foodchem International Corporation
10.11.6 Quadra Ingredients
10.11.7 Shandong Guanda Technology
10.11.8 Juku Orchem Private Limited
10.11.9 Maple Biotech Pvt Ltd
10.11.10 Huzhou Zhanwang Pharmaceutical Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/research/vhdvg8/1_2_bn?w=12