The uptake in adoption of carboxymethyl cellulose (CMC) as an effective fat-replacer in ready-to-eat and processed foods, abreast rising consumer awareness about consumption of healthy food, will sustain future growth of the CMC market. Inclination of food manufacturers toward carboxymethyl cellulose over egg proteins for preparation of bakery food items such as cakes is likely to be a key growth determinant for the market. Carboxymethyl cellulose aids in minimizing fat concentration in myriad foods, particularly in bakery & confectionary products.
Future prospects of the carboxymethyl cellulose market are likely to be positive, as surge in the popularity of pharmaceutical specialty drugs fuel adoption of CMC, states a new Fact.MR report. The report envisages the carboxymethyl cellulose market to record a modest 4.6% volume CAGR over the forecast period, 2018 to 2028. Worldwide sales of carboxymethyl cellulose will bring in revenues over US$ 2,500 Mn by 2028-end. The FDA-approved disintegrant for pharmaceuticals, CMC improves the dissolving capability of medicines, thereby enhancing their meant effect, which in turn has been driving CMC demand in the pharmaceutical industry.
Global Carboxymethyl Cellulose Market: Segmentation
For clearer understanding of the Carboxymethyl Cellulose Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Carboxymethyl Cellulose Market, which is essential to make sound investments.
A market research study is incomplete without regional analysis, and we are well aware of it. That is why, the report includes a comprehensive and all-inclusive study that solely concentrates on the geographical growth of the global Carboxymethyl Cellulose Market. The study also includes accurate estimations about market growth at the global, regional, and country levels. It empowers you to understand why some regional markets are flourishing while others are seeing a decline in growth. It also allows you to focus on geographies that hold the potential to create lucrative prospects in the near future.
Following Questions Answers Covered in the Report are:
- How will the global Carboxymethyl Cellulose Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Carboxymethyl Cellulose Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Carboxymethyl Cellulose Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
Carboxymethyl Cellulose Market: Preeminence of APEJ to Endure
Lucrativeness of the carboxymethyl cellulose market in Asia-Pacific excluding Japan (APEJ) will continue to remain higher than other regional segments incorporated in the report. CMC demand in APEJ’s food & beverage industry will remain robust, underpinned by the occupancy of relatively higher consumption base. Additionally, relatively higher incidence of chronic ailments in the region have led to increased demand for pharmaceuticals, thereby paving avenues for carboxymethyl cellulose. Nearly two-fifth value share of the carboxymethyl cellulose market will be held by APEJ by 2028-end.
Inclining consumer preference toward gluten-free and low-fat food has augured well for the carboxymethyl cellulose market. Protein solubility extension and texture enhancement attributes of CMC is sought-after among food manufacturers, with ice creams being top application area.
Food and beverages industry will spearhead the carboxymethyl cellulose market, with oil drilling industry on the trail, says the Fact.MR report. Carboxymethyl cellulose is utilized in oil drilling application for protecting mud wells by acting as mud stabilizer, and water retaining agent. High viscosity and degree of substitution are other key attributes of carboxymethyl cellulose, which have led their adoption in oil drilling industry.
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