As cited by the research report titled ‘Microcrystalline Cellulose (MCC) Market Size By Source (Wood, Non-wood), By Industry (Food & Beverages, Pharmaceutical, Personal Care, Paints & Coatings), Industry Analysis Report, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with MarketStudyReport, global microcrystalline cellulose (MCC) market is projected to expand significantly, generating revenues worth USD 1.35 billion by the end of the forecast duration.
 

Increasing R&D investment coupled with expanding pharmaceutical sector is majorly driving global microcrystalline cellulose (MCC) market growth. In addition, increasing consumer inclination towards low fat and healthy food products along with technological advancements and growing demand for personal care products are augmenting the industry development.
 

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By source type, wood pulp is the major source of cellulose that is used in the product manufacturing. The manufacturers enter into long-term agreements with various end-use to maintain a strong supply chain. However, the stricter environmental regulations are compelling the industry players to manufacture products using non-wood-based sources of cellulose.
 

In terms of industry, food and beverages segment is poised to showcase lucrative growth trends over the projected timeline owing to its ability to increase the product shelf life by acting as a suspension stabilizing agent. It also helps in preventing the sedimentation of insoluble particles as it acts as a dispersing & suspending agent in dairy products.
 

Considering the regional frame of reference, Asia Pacific microcrystalline cellulose market is expected to garner remunerative returns over the projected timeframe on account of growing industrialization and urbanization and rising demand for paint & coatings products. In addition, high product usage in cosmetics and personal care industry is poised to augment the product demand.
 

Moreover, presence of emerging nations including Thailand, Indonesia, Malaysia, and Vietnam are likely to contribute to the industry expansion as well.
 

Prominent players influencing the global microcrystalline cellulose (MCC) industry dynamics are Spechem Cellulose Private Limited, Suhal Cellulose LLP, NB Entrepreneurs, Amishi Drugs & Chemicals Pvt. Ltd., Accent Microcell Pvt. Ltd., Mingtai Chemical Co. Ltd., Avantor Performance Materials Inc., Sigachi Industries Ltd., Juku Orchem Private Limited, Chemfield Cellulose Pvt Ltd., J. Rettenmaier & Söhne GmbH & Co. KG, Libraw Pharma Regd., DFE Pharma GmbH & Co. KG, Blanver EN, Asahi Kasei Corporation, and FMC Corporation.