Carboxymethyl cellulose (CMC) is commonly used as a rheology modifier and stabilizer in food & beverage products such as soups, sauces, dairy products and baked goods. It finds extensive use in the personal care industry as an emulsifier, stabilizer and thickening agent in products like skin creams, lotions, hair care products and more. In the pharmaceutical industry, CMC is used as a disintegrant and binder in tablets and capsules.
The global carboxymethyl cellulose market is estimated to be valued at US$ 1384.51 Mn in 2024 and is expected to exhibit a CAGR of 43.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the carboxymethyl cellulose market are Starship Technologies, Marble Robot Inc., TeleRetail, Postmates Inc., Robby Technologies, Robomart Inc., Kiwibot, Udelv Inc., Savioke Inc., Segway Robotics Inc., Nuro Inc., Cleveron AS, Eliport, ANYbotics AG, Box Bot Inc., Neolix, Effidence and Aethon Inc. Starship Technologies and Marble Robot Inc. hold a majority market share owing to their early-mover advantage and expanding delivery robot fleets across colleges campuses and communities.
The Carboxymethyl Cellulose Market Size provides significant opportunities for growth owing to the increasing demand for natural and sustainable ingredients in various industries. CMC is widely accepted as a clean label ingredient. Further, the development of value-added specialty grades of CMC catering to niche applications will drive the market forward.
Key players are focusing on global expansion plans to leverage lucrative opportunities across developing and emerging economies. Europe and North America currently dominate the CMC market. However, the Asia Pacific region is expected to witness the fastest growth on account of rapid industrialization and rising consumerism in China and India.
Market drivers: Rising health-consciousness among consumers has increased the demand for clean label and natural ingredients in end-use industries like food & beverage, personal care, etc driving the CMC market growth. Additionally, the ample availability of raw materials for CMC production at low costs aids manufacturers.
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