Microcrystalline Cellulose Market Key Player Size, Developments and Future Scope
Posted by sanjayhande on January 15th, 2020
According to the report, the global microcrystalline cellulose market garnered 7 million in 2017 and is expected to reach ,451 million by 2025, registering a CAGR of 5.5% from 2018 to 2025.
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Recent developments in the pharmaceutical industry, especially extensive utilization of microcrystalline cellulose as an excipient and increased demand for processed foods drive the growth of the global microcrystalline cellulose market. However, availability of substitutes for microcrystalline cellulose such as magnesium stearate and carboxymethyl cellulose (CMC) hampers the market growth. On the contrary, increased demand for microcrystalline cellulose in the emerging economies of the Asia-Pacific and Latin America, Middle East and Africa (LAMEA) regions is expected to create lucrative opportunities for the market players in the upcoming years.
Non-wood-based segment to grow the fastest by 2025:
Cosmetics & personal care segment to lead the market:
Europe to retain largest market share through 2025:
The microcrystalline cellulose market in Europe contributed more than one-third of the total market revenue in 2017. It is expected to maintain its dominance throughout the forecast period due to high consumption of pharmaceutical products and processed foods. However, the Asia-Pacific region would register the fastest CAGR of 6.2% from 2018 to 2025, owing to increased consumption of low-fat dairy products in the region. The other regions analyzed in the report include North America and LAMEA.
The major market players analyzed in the global microcrystalline cellulose market report include:
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Joined: October 17th, 2019
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