Cellulose Gum/CMC Market Size, Share & Trends | Industry Report, 2018-2026
A surge in demand for processed foods is a significant factor estimated to stimulate market demand. Market Size – USD 1.37 billion in 2018, Market Growth - CAGR of 4.1%, Market Trends – Growth of the pharmaceutical sector. The global Cellulose Gum/CMC Market is expected to reach USD 1.90 Billion by 2026, according to a new report by Reports and Data. Cellulose gum is extracted from the structural parts of certain plants, mainly trees or cotton. The sources of cellulose gum are cultivated sustainably and processed using a form of acetic acid and salt. Increase in population will cause a rise in the demand for products in food and beverages, pharmaceutical, cosmetics, and chemical sectors. This massive growth in demand amongst end-use industry will raise the consumption of cellulose gum across the globe. The carboxymethyl cellulose or CMC is used in numerous applications including food and beverages, detergents, textiles, paints, and mining applications among ot...