Product Code: ETC4488265 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India microcrystalline cellulose (MCC) import shipment market demonstrated robust growth with a notable CAGR from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024. Overall, the market exhibited strong expansion, albeit at a slightly reduced pace towards the end of the period.
Microcrystalline cellulose is a vital component in pharmaceuticals, food products, and cosmetics. The India MCC market benefits from the growth of the pharmaceutical and food industries. As the pharmaceutical sector expands to meet domestic and international demand, the demand for MCC is expected to grow. Additionally, changing consumer preferences and the demand for natural and safe ingredients drive innovation in the MCC market.
The India Microcrystalline Cellulose (MCC) market is driven by its use in the pharmaceutical and food industries. MCC is a vital excipient in pharmaceutical formulations, serving as a binder and disintegrant in tablet manufacturing. The pharmaceutical sector`s constant growth and the development of innovative drug formulations boost the demand for MCC. In the food industry, MCC is employed as a bulking agent and stabilizer in various products. As consumer awareness of health and wellness increases, the use of MCC in dietary supplements and functional foods also rises.
The India MCC market confronts challenges related to the sourcing of high-quality cellulose materials and ensuring consistent product quality. Ensuring a stable supply chain for raw materials and maintaining rigorous quality control standards are essential. Furthermore, as the pharmaceutical and food industries are major consumers of MCC, adhering to evolving safety and quality standards in these sectors is crucial.
The India microcrystalline cellulose (MCC) market was not exempt from the challenges posed by the COVID-19 pandemic. MCC is a key ingredient in pharmaceuticals, food products, and various industrial applications. The disruption in supply chains, lockdown-induced manufacturing restrictions, and labor shortages impacted the MCC market. The pharmaceutical industry, a major consumer of MCC, faced challenges in production, and consumer demand for some food products saw fluctuations. Manufacturers in the MCC market had to adapt to the changing environment by implementing safety measures, reevaluating supply chain strategies, and exploring new markets. As the pandemic situation improved and pharmaceutical and food production regained momentum, the MCC market began to show signs of recovery.
Key players in the microcrystalline cellulose market in India include Accent Microcell Pvt. Ltd., Ashwini Pharmaceuticals, Pfanstiehl India, and JRS Pharma. These companies specialize in producing microcrystalline cellulose used in pharmaceuticals, food, and other industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Microcrystalline Cellulose (MCC) Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Microcrystalline Cellulose (MCC) Market Revenues & Volume, 2021 & 2031F |
3.3 India Microcrystalline Cellulose (MCC) Market - Industry Life Cycle |
3.4 India Microcrystalline Cellulose (MCC) Market - Porter's Five Forces |
3.5 India Microcrystalline Cellulose (MCC) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Microcrystalline Cellulose (MCC) Market Revenues & Volume Share, By Source Type, 2021 & 2031F |
4 India Microcrystalline Cellulose (MCC) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for pharmaceuticals and healthcare products, where microcrystalline cellulose is commonly used as an excipient. |
4.2.2 Increasing adoption of MCC as a food additive due to its properties such as being a bulking agent and emulsifier. |
4.2.3 Rising awareness about the benefits of using MCC in personal care and cosmetics products for its texture-enhancing and stabilizing properties. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices, particularly in the wood pulp industry, impacting the cost of producing MCC. |
4.3.2 Stringent regulations and quality standards governing the use of MCC in various industries, leading to compliance challenges for manufacturers. |
4.3.3 Competition from alternative excipients and additives that may offer similar functionalities at lower costs. |
5 India Microcrystalline Cellulose (MCC) Market Trends |
6 India Microcrystalline Cellulose (MCC) Market, By Types |
6.1 India Microcrystalline Cellulose (MCC) Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Microcrystalline Cellulose (MCC) Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Microcrystalline Cellulose (MCC) Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.1.4 India Microcrystalline Cellulose (MCC) Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.1.5 India Microcrystalline Cellulose (MCC) Market Revenues & Volume, By Cosmetics & Personal Care, 2021-2031F |
6.1.6 India Microcrystalline Cellulose (MCC) Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Microcrystalline Cellulose (MCC) Market, By Source Type |
6.2.1 Overview and Analysis |
6.2.2 India Microcrystalline Cellulose (MCC) Market Revenues & Volume, By Wood-based, 2021-2031F |
6.2.3 India Microcrystalline Cellulose (MCC) Market Revenues & Volume, By Non-wood-based, 2021-2031F |
7 India Microcrystalline Cellulose (MCC) Market Import-Export Trade Statistics |
7.1 India Microcrystalline Cellulose (MCC) Market Export to Major Countries |
7.2 India Microcrystalline Cellulose (MCC) Market Imports from Major Countries |
8 India Microcrystalline Cellulose (MCC) Market Key Performance Indicators |
8.1 Average selling price of MCC in the Indian market, indicating pricing trends and market positioning. |
8.2 Growth rate of MCC usage in pharmaceutical formulations, reflecting the demand for MCC in the healthcare sector. |
8.3 Number of new product launches containing MCC in the food, personal care, and cosmetics industries, signaling market expansion and innovation. |
9 India Microcrystalline Cellulose (MCC) Market - Opportunity Assessment |
9.1 India Microcrystalline Cellulose (MCC) Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Microcrystalline Cellulose (MCC) Market Opportunity Assessment, By Source Type, 2021 & 2031F |
10 India Microcrystalline Cellulose (MCC) Market - Competitive Landscape |
10.1 India Microcrystalline Cellulose (MCC) Market Revenue Share, By Companies, 2024 |
10.2 India Microcrystalline Cellulose (MCC) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |