There are several prerequisites to the manufacturing of cosmetic products. Most of these foretold requirements pertain to the structure, properties, and action of key ingredients. The favourable properties of microcrystalline cellulose for cosmetic manufacturing has played an integral role in market growth. Several chemical technologies have shaped and matured over the past decade. This has led scientists to discover new applications of microcrystalline cellulose.
The European Union (EU) recommended the EFSA Panel on Food Additives and Nutrient Sources to amend laws related to the use of microcrystalline cellulose. The substance is currently used as a food additive across the European Union. Several other ordinances and laws with regard to the use of microcrystalline cellulose have been instituted across other regions. Hence, the popularity of microcrystalline cellulose has taken a leap in recent times. The growth of the food industry would be a key consideration while gauging the growth potential of the market.
Investors are Eyeing Cellulose-Based Product Markets
The popularity of biological leavening agents has also emerged as a key dynamic of market growth. Investors and product managers in this industry are focusing on key markets such as methylcellulose, microcrystalline cellulose (MCC), carboxymethyl cellulose (CMC), and ethylcellulose. The aforementioned products have been granted the status of novel ingredients across a range of industries.
Market players who can benefit from the aforementioned trend are Asahi Kasei Corporation, FMC Corporation, Accent Microcell Pvt. Ltd., Juku Orchem Pvt. Ltd., J. RETTENMAIER & SÖHNE GmbH + Co KG, and Sigachi Industrial Pvt. Ltd. FMC Corporation has a history in setting up new manufacturing facilities across unexplored regional markets. This strategy has given the company an edge over its competitors.
A report by Transparency Market Research (TMR) estimates that the global microcrystalline cellulose market would expand at a moderate CAGR of 5.8% over the period between 2014 and 2020. The microcrystalline cellulose market was valued at US$632.9 million at the end of 2013. The projected to growth of this market can be ascribed to advancements in the pharmaceutical industry.
Manufacturing of Highly Stable Cosmetics
The process of cosmetic manufacturing requires immense control and supervision. This is meant to ensure proper absorption and binding of key ingredients. This factor has caused the demand for microcrystalline cellulose to increase over the past decade. The use of microcrystalline cellulose in skin and hair products is a key consideration for market analysts. There is also a recurring need for more stable reagents in the field of texturizing.
Valued Applications of MCC
The pharmaceutical industry uses microcrystalline cellulose for its commendable properties of stabilization, absorption, and binding. Furthermore, approvals by key authorities to use microcrystalline cellulose in the food and beverages industry have also generated huge-scale demand. The food and beverage industry has undergone improvements in manufacturing standards and processes. This factor, coupled with the growing popularity of grooming products, has aided market growth.
Growth of North America Market
The geographical segmentation of the global microcrystalline cellulose market consists of the following regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The Food and Drug (FDA) administration of the US has played a key role in overseeing the operations of the food and pharma industries. This factor is directly related to the growth of the microcrystalline cellulose market in North America. The widespread use of microcrystalline cellulose across EU nations, majorly due to approvals by key authorities, has propelled regional demand.