The worldwide carboxymethyl cellulose market is anticipated to be valued USD 1,674.3 million in 2022 and USD 2,766.4 million by 2032, growing at a 5.1% CAGR from 2023 to 2032.
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Because of rising consumer awareness of the necessity of eating healthy meals, carboxymethyl cellulose (CMC) has gained substantial momentum as a fat-replacer in processed and ready-to-eat food products. Food makers are increasingly mixing CMC with whey protein concentrates to lower fat content in a variety of food goods, notably bakery products, instead of egg protein in the making of cakes.
Competitive Landscape:
The global carboxymethyl cellulose market is tremendously fragmented and competitive due to the existence of various local and regional competitors. Marketing tactics used by key companies include mergers and acquisitions, expansions, collaborations, and partnerships.
Furthermore, prominent companies employ new product development as a strategic method to improve their market presence among customers. As a result of these efforts, the use of carboxymethyl cellulose has increased.
Key Players:
- M Huber Corporation
- Ashland Global Holdings Inc.
- Quimica Amtex y Amtex Chemicals LLC
- Changzhou Science & Technology Co.
- Carlyle Investment Management LLC
- Mikro-Technik GmbH & Company KG
- Zibo Hailan Chemical Co. Ltd.
- Chongqing Lihong Fine Chemicals Co. L
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A Growing Preference for Carboxymethyl as a Food and Beverage Stabilizing Agent – A Significant Trend
Carboxymethyl cellulose has been used in a range of frozen meals and drinks as a stabilizing agent and viscosity improver. CMC is a major application area for finished wines and ice creams because it removes the need for salt ice mixers, cutting the cost of ice cream manufacturing, and it saves processing time and energy in finished wines by avoiding the development of potassium bi-tartrate crystals.
The use of carboxymethyl cellulose as cold stabilizers in food and drinks has reduced the need for expensive cold stabilizers, saving producers money. Carboxymethyl cellulose is also being studied for its potential application as a stabilizing ingredient in the production of metal nanoparticles.
Key Segments of Industry:
- By Purity Level:
- 9%
- 5%
- Others
- By Property:
- Thickening Agent
- Stabilizer
- Binder
- Lubricator
- Emulsifier
- Others
- By Application:
- Food & Beverages
- Oil & Refining
- Pharmaceuticals
- Paint & Textile
- Cosmetics & Personal Care
- Paper Coating & Household Care
- Others
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