Microcrystalline Cellulose Is Fastest Growing Segment Fueling The Growth Of Microcrystalline Cellulose Market
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| Microcrystalline
Cellulose Market |
The
global microcrystalline cellulose market is estimated to be valued at US$ 1171.73 Mn in 2023 and is expected
to exhibit a CAGR of 6.7% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Microcrystalline cellulose is a particulate derived from plant fiber that
acts as a key binding and bulking agent in many pharmaceutical and food
products. It is chemically inert, insoluble in water and gastrointestinal
fluids and tasteless. These properties make microcrystalline cellulose useful
as an excipient and functional additive in wide range of products.
Market key trends:
One of the key trends in the microcrystalline cellulose market is its
increasing applications in pharmaceutical industry. Microcrystalline cellulose
is widely used as an excipient and functional additive in pharmaceutical
products like tablets, capsules and other solid oral dosage forms. It acts as a
binder, disintegrant, emulsifier and stabilizer in drug formulations. It helps
improve compressibility and flowability of powder blends during tablet
manufacturing. The steadily growing pharmaceutical industry globally is driving
increased demand for microcrystalline cellulose. Its chemically inert and
non-reactive nature makes it suitable for sensitive drug molecules to achieve
optimal drug delivery. These advantages are expected to further fuel its
consumption in pharmaceutical applications.
Segment Analysis
The microcrystalline cellulose market is dominated by food and beverage
sub-segment, which accounted for more than 30% share of the overall market in
2023. Microcrystalline cellulose is widely used as an excipient in food and
beverages owing to its texture modification, stabilization, and moisture
retention properties. It enhances the appearance and taste of various food
products such as baked goods, savory snacks, dairy, and meat products.
Key Takeaways
The global Microcrystalline
Cellulose Market Analysis is expected to witness high, exhibiting CAGR
of 6.7% over the forecast period, due to increasing demand from the food and
pharmaceutical industries.
Regional analysis
Asia Pacific dominated the global market with around 40% share in 2023 owing to
robust growth of end-use industries in China, India, and other developing
nations. Rapid urbanization and changing lifestyle are stimulating the demand
for processed and packaged food products in the region.
Key players
Key players operating in the microcrystalline cellulose market are Huzhou City
Linghu Xinwang Chemical Co., Ltd., Rayonier Advanced Materials, DFE Pharma,
Mingtai Chemical Co., Ltd, JRS Pharma, Asahi Kasei Corporation, Dupont, Avantor
Inc., Sigachi Industries Pvt. Ltd, Foodchem International Corporation, Quadra
Chemicals, Maple Biotech Pvt. Ltd., Anhui Sunhere Pharmaceutical Excipients Co.,
Ltd., Accent Microcell Pvt. Ltd., RanQ, and Chemfield Cellulose. The global
market is highly fragmented with the presence of various domestic and
international players who are investing in expanding their production
capacities to cater to the growing demand.
Get more insights on this topic: https://www.newswirestats.com/microcrystalline-cellulose-market-demand-analysis/
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