Microcrystalline cellulose has emerged as a popular excipient for the pharmaceutical industry. A refined wood pulp, microcrystalline cellulose has witnessed the vast uptake in the processed food industry. Widespread utilization of the wood pulp in processed food is a key factor propelling the expansion of the market. Its remarkable compressibility properties has driven its use as an excipient for several medications.
Wide range of applications of the substance in food, cosmetics, and pharmaceutical industries has been key to growing revenues in the market. There is a substantial demand for microcrystalline cellulose in variety of applications, most notably in anti-caking agents, stabilizers, and texture modifiers. By 2027-end, the market is projected to reach worth of US$ 1.46 bn. The wide range of industrial applications of ethylcellulose, microcrystalline cellulose, methylcellulose, and carboxymethyl cellulose underpin the growth of the market.
Research in Patient-friendly Medicines Increases Utilization of Cellulose
Over the years, drug delivery techniques have attracted increased attention among researchers. A significant portion of the research has also focused on getting access to better excipients—excipients that can increase the effectiveness of delivery of medications in drugs. The drive stems from the demand for effacious drugs in tablet formulations for elderly populations. Growing utilization of patient-friendly medicines is a key factor bolstering research in the market.
Microcrystalline cellulose forms a growing body of studies. Pharmaceuticals and food and beverages industries are at the forefront of generating new revenue streams for players in the microcrystalline cellulose market. thickeners, fat substitutes, and binders in cosmetics. A great deal of demand comes from the need for plant-based materials to substitute fats in personal and cosmetic products. It is generally regarded as safe when used in moderate quantities.
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North America and Europe to See Extensive Uptake
Among the various regions, North America and Europe combined account for a major part of share in the global microcrystalline cellulose market. Widespread demand for various types of the refined pulp in countries such as the U.S. has been key to expansion of the North America markets. Rapid advances made in the demand for various excipients in the pharmaceutical industry are catalyzing the growth of these regional markets.
The growing use of the cellulose as food additive is a key trend boosting the revenue generation in the key markets. Research in physiochemical properties of the powdered microcrystalline cellulose is a notable trend boosting the market. Of note, powder grade is witnessing substantial demand in Southeast Asia.