According to the new market research report “Microcrystalline Cellulose (MCC) Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care), Raw Material Source (Wood-based, Non-wood – based), and Region (North America, Europe, APAC, RoW) – Global Forecasts to 2024″, The MCC market is projected to grow from USD 938 million in 2019 to USD 1,315 million by 2024, at a CAGR of 7.0%, between 2019 and 2024. The growth of the MCC market is primarily triggered by the increasing demand for processed food and growing production of pharmaceuticals and increasing cosmetic applications.
Don’t miss out on business opportunities in Microcrystalline Cellulose (MCC) Market
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=59144224
The MCC market, by source type, is divided into two segments—wood-based and non-wood-based. The non-wood-based segment is expected to witness the highest CAGR, in terms of both value and volume, during the forecast period. There is a high demand for low-cost MCC from various applications, ranging from pharmaceutical to food & beverage. This is driving the demand for non-wood-based MCC, globally.
MCC is being used increasingly in various applications, such as pharmaceutical, food & beverage, and cosmetics & personal care. The pharmaceutical application is expected to grow at the highest CAGR, in terms of both value and volume. MCC is a vital component that is used in every form of oral dosage, which includes pellets, capsules, tablets, and sachets,. Almost all the major pharmacopeias (USP, EP, BP, IP, JP, and others) have identified MCC as safe for use as an inactive ingredient in pharmaceutical formulations. MCC is increasingly being used in quick release tablets & liquid dosage forms, sustained-release multiparticulates & matrix tablets dosage forms, topical formulations, and chewable & effervescent tablets.
Browse and in-depth TOC on “Microcrystalline Cellulose (MCC) Market – Global Forecast to 2024”
79 – Tables
32 – Figures
109 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/microcrystalline-cellulose-market-59144224.html
The MCC market is projected to grow from USD 938 million in 2019 to USD 1,315 million by 2024, at a CAGR of 7.0%, between 2019 and 2024. The growing production of pharmaceutical products is driving the global MCC market. MCC has been recognized as one of the most useful filler/binder excipients for direct compression. Over the years, MCC has gained widespread acceptance as a co-processed excipient owing to its high-dilution potential and excellent compatibility at low pressures.
The MCC market, by source type, is divided into two segments-wood-based and non-wood-based. The non-wood-based segment is expected to witness the highest CAGR, in terms of both value and volume, during the forecast period. There is a high demand for low-cost MCC from various applications, ranging from pharmaceutical to food & beverage. This is driving the demand for non-wood-based MCC, globally.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59144224
MCC is being used increasingly in various applications, such as pharmaceutical, food & beverage, and cosmetics & personal care. The pharmaceutical application is expected to grow at the highest CAGR, in terms of both value and volume. MCC is a vital component that is used in every form of oral dosage, which includes pellets, capsules, tablets, and sachets,. Almost all the major pharmacopeias (USP, EP, BP, IP, JP, and others) have identified MCC as safe for use as an inactive ingredient in pharmaceutical formulations. MCC is increasingly being used in quick release tablets & liquid dosage forms, sustained-release multiparticulates & matrix tablets dosage forms, topical formulations, and chewable & effervescent tablets.
Increasing demand from emerging economies is one of the major opportunities for the market. China, India, and Brazil are expected to drive the demand for MCC in the next five years. Majority of the demand is expected to be from pharmaceutical and food applications, owing to the high growth of manufacturing activities in these countries.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/microcrystalline-cellulose-market.asp
Visit Our Website: https://www.marketsandmarkets.com