North America Microcrystalline Cellulose market to witness 5.5% business growth by 2024
Jan 7, 2019
Microcrystalline Cellulose (MCC) market for wood sources is likely to witness gains close to 5.5% by 2024. Product extracted from wood finds extensive applications as fat alternate, extender, bulking agent, texturizer in few industries including cosmetics, food, pharmaceutical, paper, & polymer composites.
Selbyville, United States - January 7, 2019 /MarketersMedia/ —
Non-wood sources microcrystalline cellulose market share is projected to rise at a CAGR more than 6% by 2024. Non-wood sources include reed stalks, wheat and rice straws, jute, sugarcane bagasse, coconut shells, soya bean husk, groundnut husk and various other sources. Product introduced from the aforementioned sources are at par, in terms of the physical and spectroscopic properties with the product obtained from wood-based sources. Additionally, persistent need to lessen deforestation has resulted in encouraging MCC production via non-wood sources which will have substantial impact on the MCC market size by 2024.
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MCC market size is forecast to exceed USD 1.2 billion by 2024. North America constituted a major chunk of the global microcrystalline cellulose market size and will witness gains of more than 5.5% by 2024. It is primarily due to product application across several end-user industries including food, pharmaceutical, personal care and paints & coatings industry. North America dominated the sales statistics of the pharmaceutical industry which constituted 39% of the global pharmaceutical sales in 2016, which is likely to make substantial contribution to the market size by 2024. Furthermore, rising demand for fat-free food stuff in the North America will further make prominent contribution to industry size by 2024.
The microcrystalline cellulose market share for food & beverage industry is projected to witness growth of more than 5.5% by 2024. It is due to extensive product applications in the preparation of different types of food items. It is a preferred hot and cold stabilizer in food items including ice cream, frozen food, canned meat, and condiment to improve their stability. Additionally, it is also used as an anti-caking agent in baking goods to improve water retention and reduce food calories.
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Product may also be co-processed with carboxymethyl cellulose (CMC) to impart shear-thinning and heat stable properties. These co-processed products manufactured possess additional properties such as gelling, increased viscosity, and suspending. Rising health awareness across the world is expected to drive product demand across food industry which will make subsequent impact on MCC market size by 2024.
Microcrystalline cellulose market share is highly consolidated as major manufacturers constituted more than half the overall business size in 2016. The prominent manufacturers are Asahi Kasei, Mingtai Chemical BLANVER FARMOQUIMICA and FMC Corporation. The major players are engaged in increasing their product portfolio by signing agreement with other players. For instance, Mingtai Chemical Co., Ltd. announced the extension of its agreement with DuPont Nutrition & Health (Danisco) in 2013 for the manufacturing of product colloidal grade microcrystalline cellulose.
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Partial Chapter from the Table of Contents (TOC):
Chapter 2. Executive Summary
2.1. Microcrystalline cellulose industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Source by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends
Chapter 3. Microcrystalline Cellulose Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material trends
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distributor channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Rising demand for low fat food in the food & beverage industry
3.5.1.2. Regional drivers
3.5.1.2.1. Strong growth indicators in pharmaceutical industry in the U.S.
3.5.1.2.2. Robust growth in the personal care industry in Asia Pacific
3.5.1.2.3. Growing paints & coating industry in Asia Pacific and the Middle East
3.5.2. Industry pitfalls & challenges
3.5.2.1. High production cost and comparatively lower yield
3.5.2.2. Availability of product substitutes in the industry
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Competitive landscape
3.8.1. Strategic dashboard
3.8.2. Patent analysis
3.9. Porter’s analysis
3.9.1. Supplier power
3.9.2. Buyer power
3.9.3. Threat of new entrants
3.9.4. Industry rivalry
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.1.1. R & D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Price by source
3.10.3. Price by end-user
3.11. PESTEL analysis
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