India Carboxymethyl Cellulose CMC Market Trends Share

India Carboxymethyl Cellulose (CMC) Market Size - Analysis

The India Carboxymethyl Cellulose Market is estimated to be valued at USD 23.1 Mn in 2024 and is expected to reach USD 33.4 Mn by 2031, growing at a CAGR of 6.7% from 2024 to 2031.

Carboxymethyl cellulose finds wide application in food & beverages, pharmaceuticals and personal care industries in India which is driving the growth of the market.

Market Size in USD Mn

CAGR6.7%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	6.7%
Market Concentration	High
Major Players	Paramount Chemical & Acid Corporation, Nilkanth Organics, Madhu Hydrocolloids Pvt. Ltd., Maruti Chemicals, Bharat Starch and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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India Carboxymethyl Cellulose (CMC) Market Trends

Market Driver – Growing End-use Industries Such as Food and Beverages

The food and beverages industry in India has been growing tremendously over the past few years. With rising disposable incomes and changing lifestyles, the demand for processed and packaged foods in India is surging rapidly. Carboxymethyl cellulose finds wide application as a thickening agent, emulsifier, stabilizer and texturizing agent in various food products such as sauces, salad dressings, baked goods, cereals, dairy products and more. Its ability to improve texture, mouthfeel and stability of food products without altering the taste makes it a preferred choice for the food manufacturers.

Food companies are continuously developing new and innovative food products to meet the evolving needs of consumers. This has increased the demand for specialty ingredients like carboxymethyl cellulose that can help manufacturers in enhancing the organoleptic and shelf life properties of foods. Moreover, aspirations of young population for foreign packaged food brands along with growing franchises of global food giants in India is another factor prompting increased use of food additives and processing aids.

Market Driver – Surging Urban Population

India is fast urbanizing with an increasing rate of migration towards cities and metropolitan areas. As per latest statistics, over 35% of India’s total population presently resides in urban areas and this number is projected to rise to over 600 million by 2031. This intensifying urban transition brings its own set of evolving lifestyles and consumption patterns. Rapid urbanization has boosted the demand for processed and ready-to-eat foods in India as people in cities lead busier lives with lesser time for home cooked meals. This has spurred a tremendous growth in the organized food processing sector with widespread establishment of modern retail channels, quick service restaurants and food stalls.

Besides foods, the booming urban populace is also consuming more packaged goods on a daily basis ranging from beverages, personal care products, pharmaceuticals to household supplies. For most of these fast moving consumer goods, carboxymethyl cellulose acts as a crucial raw material impacting aesthetic appeal, texture and safety aspects. These premium consumer products from global labels extensively utilize specialty ingredients like carboxymethyl cellulose to provide excellent functionality and shelf life.

India Carboxymethyl Cellulose (CMC) Market Key Factors

Market Challenge – Availability of Substitute Products

The India carboxymethyl cellulose market faces significant challenges due to the availability of various substitute products. With the widespread availability of polyvinyl alcohol, gelatin, starch, guar gum, xanthan gum, and pectin across end-use industries like food & beverages, pharmaceuticals, personal care products etc., there is high competition and risk of product substitution. These alternative polymers offer similar functionalities as CMC at competitive prices.

Moreover, some substitutes like starch and gelatin have additional advantages such as being natural and non-toxic. For established as well as new players, it becomes difficult to promote CMC and fight the attractive differentiation of substitute products. The increasing R&D on developing lower-cost and high-performance substitutes also poses a formidable threat. To stay ahead of competition, CMC producers need to focus on new product development, unique selling propositions, and enhance consumer awareness about their value proposition.

Market Opportunity – Entering Emerging Application Areas

The India carboxymethyl cellulose market provides significant opportunities for players by entering new and emerging application areas. With rapid industrialization and economic growth, sectors such as pet food, oil & gas, construction chemicals, paints & coatings are witnessing high demand growth in the country. Carboxymethyl cellulose finds numerous applications across these industries for its viscosity control, water retention, binder, stabilizer etc. properties. CMC producers can leverage the evolving requirements of these emerging sectors and launch customized grades. Similarly, areas like dietary supplements, cosmetic formulations, 3D printing also open up untapped opportunities. New product development supported by extensive R&D will help manufacturers address niche industry needs and achieve first-mover advantage.

Moreover, there is a scope to increase penetration in existing segments by offering value-added solutions and improved performance properties. This will help boost overall volumes and profits for carboxymethyl cellulose providers.

Segmental Analysis of India Carboxymethyl Cellulose (CMC) Market

Insights, By Application: Growing Consumption of Processed Food

In terms of application, food and beverage sub-segment contributes the highest share of 31.2% in the market owing to increasing consumption of processed food in India. Carboxymethyl cellulose or CMC finds wide application in the food and beverage industry as a thickening and stabilizing agent. It is used in products like sauces, soups, dairy products, chocolate drinks and others to give them a smooth and creamy texture.

India has witnessed rapid urbanization in recent decades. This has drastically changed dietary habits and lifestyles of Indians. People now rely heavily on packaged, processed and convenient food products due to their hectic schedules. The working population prefers ready-to-eat options that save time and effort in cooking. Moreover, rising disposable incomes have increased spending capacities on foods away from home. All these factors have fueled the growth of processed food market in India.

CCC is an important ingredient that is used by food processors to achieve uniform consistency and texture in their products. It helps to retain moisture, prevents sedimentation and improves mouthfeel. The use of CMC allows manufacturers to produce stable, attractive and appealing food items easily. It is valued for its film forming, stabilizing, thickening and water binding properties.

India Carboxymethyl Cellulose (CMC) Market By Application

Competitive overview of India Carboxymethyl Cellulose (CMC) Market

The major players operating in the India Carboxymethyl Cellulose (CMC) Market include Bharat Starch , Patel Chem Specialties Pvt Ltd , Amar Cellulose Industries, Madhu Hydrocolloids Pvt. Ltd., Nilkanth Organics, Maruti Chemicals, Paras Enterprises, and Paramount Chemical & Acid Corporation.

India Carboxymethyl Cellulose (CMC) Market Leaders

Paramount Chemical & Acid Corporation
Nilkanth Organics
Madhu Hydrocolloids Pvt. Ltd.
Maruti Chemicals
Bharat Starch

*Disclaimer: Major players are listed in no particular order.

India Carboxymethyl Cellulose (CMC) Market - Competitive Rivalry

India Carboxymethyl Cellulose (CMC) Market

Market Consolidated
(Dominated by major players)

Market Fragmented
(Highly competitive with lots of players.)

*Source: Coherent Market Insights

Recent Developments in India Carboxymethyl Cellulose (CMC) Market

According to Journal of Physics: Conference article of 2022 Series, the modified method was used for the extraction of cellulose from corncob which was utilized for the synthesis of purified carboxymethyl cellulose (CMC) successfully by carboxymethylation process.

India Carboxymethyl Cellulose (CMC) Market Report - Table of Contents

RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
MARKET PURVIEW
- Report Description
  - Market Definition and Scope
- Executive Summary
  - India Carboxymethyl Cellulose (CMC) Market, By Application
- Coherent Opportunity Map (COM)
MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
India Carboxymethyl Cellulose (CMC) Market
- Impact in Supply Side and Demand Side Analysis
- Economic Impact
India Carboxymethyl Cellulose (CMC) Market, By Application, 2024-2031, (USD Mn)
- Introduction
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 - 2031
  - Segment Trends
- Food & Beverage
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Personal Care
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Pharmaceutical
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Oil Drilling Fluids
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Paper Processing
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Paints & Adhesives
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
COMPETITIVE LANDSCAPE
- Bharat Starch
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Patel Chem Specialties Pvt Ltd
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Amar Cellulose Industries
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Madhu Hydrocolloids Pvt. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Nilkanth Organics
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Maruti Chemicals
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Paras Enterprises
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Paramount Chemical & Acid Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Analyst Views
SECTION
- Research Methodology
- About us

India Carboxymethyl Cellulose (CMC) Market Segmentation

By Application
- Food & Beverage
- Personal Care
- Pharmaceutical
- Oil Drilling Fluids
- Paper Processing
- Paints & Adhesives
- Others

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About author

Vidyesh Swar is a seasoned Consultant with a diverse background in market research and business consulting. With over 6 years of experience, Vidyesh has established a strong reputation for his proficiency in market estimations, supplier landscape analysis, and market share assessments for tailored research solution. Using his deep industry knowledge and analytical skills, he provides valuable insights and strategic recommendations, enabling clients to make informed decisions and navigate complex business landscapes.

Frequently Asked Questions :

What are the key factors hampering the growth of the India Carboxymethyl Cellulose (CMC) Market?

The availability of substitute products and rising raw material prices are the major factors hampering the growth of the India Carboxymethyl Cellulose (CMC) Market.

What are the major factors driving the India Carboxymethyl Cellulose (CMC) Market growth?

The growing end-use industries such as food and beverages and surging urban population are the major factors driving the India Carboxymethyl Cellulose (CMC) Market.

Which is the leading Application in the India Carboxymethyl Cellulose (CMC) Market?

The leading Application segment is Food & Beverage.

Which are the major players operating in the India Carboxymethyl Cellulose (CMC) Market?

Bharat Starch , Patel Chem Specialties Pvt Ltd , Amar Cellulose Industries, Madhu Hydrocolloids Pvt. Ltd., Nilkanth Organics, Maruti Chemicals, Paras Enterprises, and Paramount Chemical & Acid Corporation are the major players.

What will be the CAGR of the India Carboxymethyl Cellulose (CMC) Market?

The CAGR of the India Carboxymethyl Cellulose (CMC) Market is projected to be 6.7% from 2024-2031.