Microcrystalline Cellulose Market Trends | Segmentation, Outlook, Industry Report to 2033

 The global microcrystalline cellulose market is projected to create opulent growth opportunities over the evaluation period by registering a CAGR of 6.3% from 2023 to 2033. The global market value is expected to grow from US$ 974.7 million in 2023 to US$ 1,794.1 million by 2033 end.

The growth of the market is attributed to its surging demand across numerous end-use industries across the world. During the historic period, the global microcrystalline cellulose market witnessed a sluggish CAGR of 4.9% from 2018 to 2022.

Microcrystalline cellulose (MCC) is known as a robust plant-derived ingredient consisting of remarkable functional properties that accurately suit its industrial applications such as a binder, thickening agent, filler, anti-cracking agent, fat replacer, disintegrate, emulsifying agent, absorbing agent, and many more.

Although the demand from the pharmaceutical industry grew significantly after 2020 as it is a common excipient used in tablet formulations. Microcrystalline cellulose is primarily utilized in pharmaceuticals and food & beverage industries. These industries are likely to account for more than 50% of the consumption of the global market.

The aforementioned functional properties of MCC make it a good fit as an ingredient in manufacturing several other products like cosmetics and personal care, paints and coatings, detergents, dye absorbers, rubber, etc. Among numerous end-use industries, the pharmaceutical industry is predicted to showcase steady growth over the next few years.

For Details on Vendors and Their Offerings – Request a Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-1017

Segmentation of Microcrystalline Cellulose Industry Research

By Material:

  • Wood-based
  • Non-wood based

By Application:

  • Food and beverages
  • Pharmaceuticals
  • Cosmetics and personal care
  • Paints and coatings
  • Others

More Insights into the Microcrystalline Cellulose Market

Surging demand for microcrystalline cellulose from end-use industries has made the USA a leading country in the global market.  The USA has a well-developed food & beverages industry which will primarily be driving the market in the forecast period owing to the rising trend of plant-based food products.

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