Albany, NY, March 26, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has released a new market report titled "Microcrystalline Cellulose (MCC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020." According to the report, the global MCC market was valued at US$ 632.9 Mn in 2013 and is projected to reach US$ 936.3 Mn by 2020, expanding at a CAGR of 5.8% from 2014 to 2020.
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Microcrystalline cellulose is primarily used in the pharmaceutical and food industries due to its wide range of properties. This makes it suitable for usage as a bulking agent. MCC is used as a binding agent in tablets and other medical formulations in the pharmaceutical industry. Additionally, MCC has been approved by the U.S. Pharmacopeial Convention. It has been deemed to be a safe excipient in the pharmaceutical industry. Apart from pharmaceutical applications, food industry is considered to be a key consumer of MCC. MCC is widely used in bakery, beverages, dairy products, dressings, and sauces segments due to its broad range of properties. Pharmaceutical was the largest end-user segment of the global MCC market in 2013, owing to the utility of MCC as a binding agent in tablets and other medical formulations. In terms of volume, the pharmaceutical segment accounted for more than 35% of the global MCC market in 2013.
Pharmaceutical is anticipated to be the fastest growing segment of the global MCC market in the next few years. MCC is among the most important and broadly used excipients.
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It is a chief diluent for drug formulations, and an important component in almost every kind of oral dosage, including tablets, capsules, sachets, and pellets. Rising demand for pharmaceuticals led by increase in global geriatric population and introduction of innovative products is projected to drive the global demand for excipients in the next six years. This, in turn, would help the MCC market expand at a significant rate during the forecast period.
Along with the pharmaceutical, the food and beverage segment is likely to witness a noteworthy rise in the consumption of MCC in the near future. MCC is used in the preparation of bakery items, beverages, dairy products, dressings, and sauces in the food and beverage industry. Nowadays, MCC is typically used as a bulking agent in junk food to increase the dietary fiber content and weight of the substance. Usage of MCC in fast food items makes these food items cost effective as well as provides health benefits to consumers.
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Additionally, MCC has been approved by the U.S. Food and Drug Administration (U.S. FDA) as a safe food ingredient. These factors are expected to drive the demand for MCC in the food and beverage industry in the next few years.
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Key players operating in the MCC market include Asahi Kasei Corporation, BLANVER FARMOQUÍMICA LTDA, FMC Corporation, DFE Pharma GmbH & Co. KG, J. RETTENMAIER & SÖHNE GmbH + Co KG, Libraw Pharma, JUKU ORCHEM PRIVATE LIMITED, Sigachi Industrial Pvt. Ltd., Avantor Performance Materials, Inc., MINGTAI CHEMICAL CO., LTD. and Accent Microcell Pvt. Ltd.
The Report Segments the Global MCC Market as:
Microcrystalline Cellulose Market: End-user Segment Analysis
- Food and Beverage
- Personal Care
- Others (including paints & coatings, etc.)
Microcrystalline Cellulose Market: Regional Analysis
- North America
- Asia Pacific
- Southeast Asia
- South Asia
- Rest of Asia
- RoW (South America, Africa and the Middle East)
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Source:Transparency Market Research