KEY INSIGHTS
The North America microcrystalline cellulose market is projected to witness growth at a CAGR of 5.49% in terms of revenue, and 5.08% in terms of volume, during the forecast period, 2020-2028. The thriving pharmaceutical and food & beverage industries in the North American region, makes it a prominent consumer of microcrystalline cellulose, thereby fueling the demand for microcrystalline cellulose.

Market Insights
The countries analyzed for market growth in the North America microcrystalline cellulose market are the United States and Canada. There is an increasing demand for functional food in the United States. The food & beverage industry is a significant part of the US economy, contributing considerably to the country’s GDP. With the increasing concerns over food habits, and the rising medical expenditure with regard to the aging population, functional foods have become the focal point in the American diet. The pharmaceutical industry of the country is a highly globalized industry. It is dominated by multinational companies whose products are marketed and distributed across the world. They are also involved in significant business activities in several countries. The generic drug manufacturers are prioritizing the production of biosimilars and their sale in the emerging markets. The biosimilars thus have huge growth opportunities in the emerging markets, which, in turn, fuels the demand for microcrystalline cellulose. Moreover, the fast-paced urbanization, and the growing consumption of processed food and low-fat dairy, further drive the overall market growth of the North American region.

Competitive Insights
Some of the leading companies in the market are FMC Corporation, Dowdupont, Rayonier Advanced Material, Asahi Kasei Chemicals Corporation, Roquette, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments