The global microcrystalline cellulose market is anticipated to witness robust growth in the forecast period, 2024-2028, according to a report from Research & Markets. This can be attributed to the growing demand for microcrystalline cellulose from various end user industries such as pharmaceuticals, cosmetics & personal care, paints & coatings, among others. The pharmaceutical industry is growing worldwide, with the United States and China being the top two countries in the overall pharmaceutical market. As of 2021, these countries held a share of 40% and 12% in the global pharmaceutical market.
Microcrystalline cellulose can be produced using various techniques such as enzyme-mediated synthesis, reactive extrusion, acid hydrolysis, and steam explosion. Microcrystalline cellulose is added to processed foods in the food and beverage industry to provide a creamy and smooth texture. Additionally, the growing demand for processed food and shift towards ready-to-eat meals and bakery products is further anticipated to increase the demand for microcrystalline cellulose.