Carboxymethyl Cellulose Industry- Regional Synopsis
APAC Market Forecast
The carboxymethyl cellulose market in Asia Pacific is projected to be the largest with a share of about 35% by the end of 2037. The market growth in the region is primarily expected on the account of rising production of dairy products. India is the world's largest milk producer, accounting for 24% of the world's milk output in the years 2021-22. During the last eight years, from 2014-15 and 2021-22, India's milk output has increased by 51%. Furthermore, rising expenditure on cosmetic and pharmaceutical products is also expected to drive market growth in the region. Out of all the regions in Asia-Pacific, China is the leading consumer of carboxymethyl cellulose, the demand is driven by its use in several end-user industries.
North American Market Statistics
The North America carboxymethyl cellulose market is set to register a share of about 24% by the end of 2037. The growth of the market can be attributed majorly to the rise in the number of population consuming gluten-free food. Gluten intolerance affects 18 million people in the United States. Gluten-free food options are currently available on 26% of US restaurant menus. Moreover, around 30% of Americans have willingly refused to consume gluten. Furthermore, the growing industrialization and presence of one of the largest manufacturers of carboxymethyl cellulose is also expected to drive market growth in the region.
