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Carboxymethyl Cellulose Market to experience significant consumption across food & beverage applications

Author : Ravi Chawat | Published Date : 2020-09-11 

Robust demand from oil & gas applications is anticipated to drive carboxymethyl cellulose market forecast over the projected period. In recent years, water-based drilling fluids such as CMC have gained significant traction as an environmentally sustainable substitute over conventional oil-based fluids. This trend will undeniably fuel the demand for the product in the near future.

Carboxymethyl cellulose or cellulose gum is prominently used for thickening, binding, soil anti-redisposition, water retention, and as a protective colloid across a wide range of industries including oil & gas, food & beverage, pharmaceuticals, personal care, construction, detergents & laundry, textile, pulp & paper, and many others. It is estimated that global carboxymethyl cellulose market size will be in excess of USD 1.7 billion by 2024.

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Growing prevalence of obesity 

Obesity, which was once considered a major problem only in high-income countries, has been increasingly prevalent in middle-income and low-income countries, and largely across urban regions. Statistical records suggest that the number of overweight children below the age of 5 in Africa have increased by around 50% since 2000.

Consequently, more and more consumers are opting for low-fat and low-calorie foods. This is expected to propel the demand for various food additives, including cellulose gum, which is widely used to lessen the fat content of foods items. Rising occurrence of obesity and the subsequent shift in lifestyle choices will present lucrative growth opportunities for CMC manufacturers.

Increasing penetration in pulp & paper sector

Pulp & paper is emerging to become a substantial contributor to carboxymethyl cellulose market growth. The segment accounted for a 15% revenue share during 2016. Excellent thickening, adhesive, and suspending properties of cellulose gum make it best-suited for an array of operations within the pulp & paper industry. The product controls curl, reduces porosity and improves surface properties, making it desirable for calendar water box, size press, paper, and other applications for surface treatment.

In addition to paper & pulp, personal care and food & beverage are two of the major application segments for carboxymethyl cellulose market. Carboxymethyl cellulose with purity above 95% captured more than 40% revenue share during 2016. This can be attributed to the strong demand for high-purity CMC (above 99.5%) across these sectors.

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Rising health concerns in North America

North America carboxymethyl cellulose industry will record a healthy 4% CAGR during over 2016-2024. This can majorly be attributed to strong demand for cellulose gum from the region’s food & beverage sector which prominently uses the product as a food stabilizer and fat replacer.

Availability of various product substitutes, including cellulose ethers and hydrocolloids such as ethyl cellulose, pectin, guar gum, xanthum gum, and others which possess similar characteristics might hamper industry growth up to a certain extent. However, R&D activities and the adoption of different business strategies from industry participants primarily to gain a competitive edge will propel carboxymethyl cellulose market outlook.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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