Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.24 Billion | USD 4.56 Billion | 7.34% | 2024 |
FrequentlyAsked Questions
Microcrystalline cellulose is refined wood pulp adopted as a bulking agent, extender, texturizer, fat substitute, emulsifier, anticaking agent, and others.
The global microcrystalline cellulose market is expected to grow due to increasing demand from the pharmaceutical industry as a vital excipient in drug formulations due to its binding, disintegrant, and bulking properties, the rising consumption in the food and beverage sector as a texturizer and fat substitute in low-fat pro.
According to a study, the global microcrystalline cellulose market size was worth around USD 2.24 Billion in 2024 and is expected to reach USD 4.56 Billion by 2034.
The global microcrystalline cellulose market is expected to grow at a CAGR of 7.34% during the forecast period.
North America is expected to dominate the microcrystalline cellulose market over the forecast period.
Leading players in the global microcrystalline cellulose market include International Flavors and Fragrances Inc., Asahi Kasei Corporation, DFE Pharma, Accent Microcell Ltd, Foodchem International Corporation, Sigachi Industries, Anhui Shanhe Pharmaceutical Accessories Co. Ltd, Roquette Frères, among others.
The report explores crucial aspects of the microcrystalline cellulose market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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