Microcrystalline Cellulose Market Is Expected To Reach Global Size of US$ 1.75 billion by 2030

in microcrystalline •  4 years ago 

The Microcrystalline Cellulose Market - Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.

The global microcrystalline cellulose market size was estimated to be US$ 900 million in 2019 and is expected to reach US$ 1.75 billion by 2030 at an expected CAGR of 6.3%. Derived from pulp of fibrous plants, microcrystalline cellulose is a partially depolymerized cellulose prepared by treating alpha-cellulose with mineral acids. Microcrystalline cellulose is widely used across food processing in ice cream, meringue, confections, whipped toppings and pharmaceutical industries as a binder in cosmetics and pharmaceuticals. The monocrystalline cellulose extends starches, controls ice crystal formation and stabilizes foams, thereby witnessing strong demand from pharmaceutical and food & beverage industries.

Read More@https://www.globenewswire.com/en/news-release/2020/11/24/2133053/0/en/Microcrystalline-Cellulose-Market-Is-Expected-To-Reach-Global-Size-of-US-1-75-billion-by-2030.html

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