Diabetic Food Market is expected to reach USD 11,098.0 mill

May 21, 2015

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Transparency Market Research has published a new market report titled Diabetic Food Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020. According to the report, the global diabetic food market was valued at USD 7,418.6 million in 2013 and is anticipated to reach USD 11,098.0 million by 2020, expanding at a CAGR of 5.9% from 2014 to 2020. North America dominated the global diabetic food market in 2013 and is expected to maintain its leading position over the forecast period. Consumer awareness about health benefits associated with low calorie diabetic food products is propelling the growth of the diabetic food market globally.

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Diabetic Food Market is expected to reach USD 11,098.0 mill

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Monochloroacetic acid (MCA) is a compound that undergoes various reactions to form a number of intermediates for the production of a range of products. Major markets for monochloroacetic acid and its derivatives include drilling fluids, herbicides, plastic stabilizers, surfactants, textiles, food processing, construction and pharmaceuticals. China is the leading manufacturer of chemical fertilizers, cement and steel in the world. Demand for monochloroacetic acid is high from the growing end-user industries in the country. Thus, demand for monochloroacetic acid from China is estimated to boost the MCA market during the forecast period. Additionally, rising demand for carboxymethyl cellulose (CMC) in oil drilling activities and agrochemicals such as glyphosate and 2, 4-D is projected to propel demand for monochloroacetic acid in the near future. Furthermore, rising iron ore and taconite mining activities are likely to open up new avenues for MCA, as CMC (the major application product of MCA) is extensively used in mining activities. However, volatility in prices of raw materials for MCA is expected to act as a restraining factor for the market during the next few years.

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