The global carboxymethyl cellulose market size is expected to reach USD 2.23 billion by 2028, exhibiting a CAGR of 4.2% between 2021 and 2028. The rising demand for ready-to-cook food products will create lucrative opportunities for this market in the forthcoming years, states Fortune Business Insights, in a report, titled “Carboxymethyl Cellulose (CMC) Market, 2021-2028.” The market size stood at USD 1.60 billion in 2020.
The restrictions on mobility and other government regulations have boosted the demand for packed and ready-to-cook foods during the outbreak. Concerns about food availability and safety during the pandemic’s start led to a surge in demand for food items such as primary foods, convenience foods, and secondary processed foods. As a consequence, demand for food stabilizers, thickening agents, and other components used in food processing increased, further propelling this market.
COVID-19 Impact:
The COVID-19 epidemic severely harmed the worldwide economy. The food distribution system is regarded as one of the most important sectors of the economy, and the outbreak has been found to influence the entire operation from field to consumer. The food industry’s production, distribution, and supply activities were significantly affected, which is currently a major cause for concern. Employee restrictions, federal regulations, food trade barriers, changes in consumer desire, and financial strain due to an unexpected halt in production and distribution operations affected the market. Despite the unprecedented demand for food during the epidemic, food chain participants such as farmers, suppliers, distributors, and retailers continue to struggle amid the global pandemic.
What does the Report Include?
The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the carboxymethyl cellulose market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain the market stronghold between 2021 and 2028.
Source:
https://www.fortunebusinessinsights.com/carboxymethyl-cellulose-market-102166
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