CASSIA GUM MARKET ANALYSIS

Cassia Gum MarketSize and Trends

The global cassia gum market is projected to surpass US$ 24.5 million by the end of 2030, in terms of revenue, growing at CAGR of 6.1% during the forecast period (2023 to 2030).

Market Trends

• Demand towards organic food ingredients

The use of natural and organic food ingredients is a current trend in the market and this is attributed to the growing health concerns and rising awareness regarding the side-effects of synthetic food ingredients. Cassia gum is a natural gelling agent, thus gaining huge demand across food and beverage products. Thus, the growing demand for organic food additives is projected to spur the market growth over the forecast period.

• Millennial and Gen-zee alcohol consumption

Alcohol consumption is a growing trend among millennial. Cassia gum is widely used in the preparation of alcohol where it is used as thickeners and increases the viscosity of the beverage. Moreover, it is also used in the preparation of non-alcoholic drinks such as soft drinks and fruit beverages. Thus, the increasing demand for alcoholic as well as non-alcoholic beverages is expected to augment the market growth of the global cassia gum.