Dublin, Dec. 04, 2023 (GLOBE NEWSWIRE) — The “Microcrystalline Cellulose (MCC) – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Microcrystalline Cellulose (MCC) Market to Reach $2.1 Billion by 2030
The global market for Microcrystalline Cellulose (MCC) estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$2.1 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030. Wood, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Non-Wood segment is estimated at 9.6% CAGR for the next 8-year period.
The report discusses various aspects of the global microcrystalline cellulose (MCC) market, including the impact of the COVID-19 pandemic on different industries. It highlights the pharmaceutical industry’s response to the pandemic, the growth of health foods in the US during the pandemic, and the challenges faced by the beauty and cosmetics market.
The report provides insights into the global key competitors’ percentage market share in 2022 and their competitive market presence worldwide in 2022. It introduces microcrystalline cellulose (MCC), its applications, and its outlook in the market. The report also covers the sources of MCC, major geographic markets, market restraints, and competition, including market share data for leading players.
It offers an overview of the key trends and changes in various industries due to the pandemic, highlighting the role of MCC in pharmaceuticals, food, and cosmetics. The report provides a comprehensive understanding of the MCC market’s dynamics and recent market activity.
The U.S. Market is Estimated at $290.3 Million, While China is Forecast to Grow at 11% CAGR
The Microcrystalline Cellulose (MCC) market in the U.S. is estimated at US$290.3 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$345 Million by the year 2030 trailing a CAGR of 11% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $2.1 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- MCC Gains Traction in Pharmaceutical Applications
- Strong Rise in Pharmaceutical Manufacturing to Drive Demand for MCC
- World Prescription Drug Sales (in US$ Billion) for Year 2017, 2019, 2021, 2023 and 2025
- World Generic (Prescription ) Drug Sales in US$ Billion for Year 2017, 2019, 2021, 2023 and 2025
- World Orphan Drug (Prescription) Sales in US$ Billion for Year 2017, 2019, 2021, 2023 and 2025
- COVID-19 Raises the Demand for Supplements and Nutraceuticals, Driving the Demand for MCC
- Global Nutraceuticals Market in US$ Billion: 2011, 2019 and 2024
- Silicified Microcrystalline Cellulose: A Novel Tableting Excipient
- Rise in Consumption of Processed Food Drives Opportunities for MCC
- Lower Per Capita Consumption Offers Huge Market Potential in Developing Countries. Global Per Capita Consumption (Volume) of Bakery Products by Country: 2019
- Global Bakery Products Market in US$ Billion: 2011- 2024
- Growing Consumer Inclination Towards Low-Carb And No-Trans-Fats Foods Accelerates Growth Prospects
- Alarming Rise in Obesity: A Business Case for MCC
- Average Per Capita Annual Health Expenditure (In US$) due to Obesity
- Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
- Trend towards Natural Cosmetics Drives Demand for MCC
- Application of MCC in Cosmetics
- Global Cosmetic Products Market Value in US$ Billion for the Years 2019, 2021, 2023 and 2025
- Emerging and Advanced Applications of MCC Drive Opportunities
- Production Technology Improvements Bode Well for Market Growth
FOCUS ON SELECT PLAYERS(Total 39 Featured)
- DuPont de Nemours, Inc.
- Asahi Kasei Corporation
- FMC Corporation
- Avantor, Inc.
- Roquette FrAres
- Foodchem International Corporation
- DFE Pharma GmbH & Co. KG
- Sidley Chemical Co., Ltd.
- Maple Biotech Pvt., Ltd.
- Godavari Biorefineries Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- Green Agrochem
- Chemfield Cellulose Pvt. Ltd.
- NutraCap Labs
For more information about this report visit https://www.researchandmarkets.com/r/yepvpn
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- Microcrystalline Cellulose (MCC) Market
