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.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/688
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.
Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/microcystalline-cellulose-mcc-market
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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/688
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
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/microcystalline-cellulose-mcc-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights,Inc.
Phone: 18886890688
Website: https://www.gminsights.com
Source: MarketersMedia
Release ID: 466215
More News
Amanda Seyfried says her farm animals don’t recognise her in make-up
The Mamma Mia! star has opened up about balancing Hollywood success with running an animal sanctuary in upstate New York, while discussing motherhood, treasured family jewellery and her latest acting projects.
Kylie Jenner ‘ready to marry’ Timothée Chalamet
The Kylie Cosmetics founder is said to be hoping for a proposal after three years with the Dune actor, while reports suggest her sister’s blossoming romance with Jacob Elordi has added to her frustration over their differing marriage timelines.
Taylor Swift brands Jason Kelce’s 7.30am phone call messed up after bizarre request to husband Travis
The Kansas City Chiefs star revealed how his brother’s unexpected early morning workout request sparked a reaction from the pop superstar.
All in plastic, cult status hits fashion week runway
Designer Wilson Jedd Adams showed off garments made of plastic on Melbourne Fashion Week's cult fashion runway.
Jamie Foxx brings Hollywood action to Australia
Academy Award winner Jamie Foxx has brought his talent Down Under, filming an action-packed crime drama in Australia.
Rob Reiner’s son Nick rocks back and forth in court as murder case takes dramatic turn over parents’ deaths
The 33-year-old reportedly appeared restless during his latest Los Angeles court appearance as a judge delayed proceedings until January amid a dispute over sealed grand jury evidence, while prosecutors have confirmed he will not face the death penalty if convicted.
Davina McCall’s husband Michael Douglas plans facelift after health battles leave him feeling ‘10 years older’
The celebrity hairdresser has opened up about the physical toll of supporting his wife through brain tumour surgery, breast cancer and a cardiovascular disease diagnosis, revealing plans for cosmetic surgery and a complete image overhaul.
Bonnie Blue ‘Bang Bus’ listing kicked off Airbnb after two hours
The adult star's cheekily-titled vehicle was up for grabs for $300-per-night stays before it was removed from the rental site.
Perth soprano Emily Davis only WA singer in national classic singing finals, taking home two awards
A young Perth classical singer didn’t let her vocal disorder slow her down as she entered the finals of a national singing competition, taking home two prizes including an international mentorship.
Claremont writer and ecologist wins WA’s Hungerford Award with debut manuscript
An emerging Claremont writer with a passion for Australian wildlife was crowned this year’s Hungerford Award winner out of more than 100 submissions from across the State.
City of Joondalup’s Invitation Art Prize back for another year
The Invitation Art Prize 2026 in Joondalup features 10 artists from across WA, who are all in the running to win $25,000.
‘Celebration of the female spirit’: Contemporary artists unite art and fashion in new exhibition
Two WA artists are bringing their distinctive creative styles together in a Perth exhibition celebrating women, individuality and self-expression.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.