Cassia gum is a flour produced from endosperms of the seeds of senna obtusifolia. It is used as an additive in the food and beverage products. Cassia gum is widely used as a stabilizer, emulsifier, moisture retention, texturizing agent, gelling agent, and food thickeners. Due to the aforementioned properties, it is also used in the pharmaceutical and personal care products.
The global cassia gum market was valued at US$ 15.3 million in terms of revenue in 2022 and is projected to grow at a CAGR of 6.1% during the forecast period (2023 to 2030).
Drivers
- Demand for Cassin
Multiple functions of cassia gum are creating a huge demand for the product from various end user industries. It can be used for a wide range of applications such as texturing, stabilizing, binding, water retention, and emulsifying. Moreover, cassia gum is also gaining demand form the personal care industry where it is used in the manufacturing of hair care and skin care products. Thus, multiple functions of cassia gum are propelling the market growth over the forecast period. For instance, in 2023 by Cassin gum published, the ability of cassia gum powder to function as a thickening, emulsifying, and moisture-retention agent is one of its most desired properties.
Market Opportunities
The growing popularity of convenience and frozen food products due to the hectic lifestyle of consumers is expected to offer potential market growth opportunities of cassia gum over the forecast timeframe.
Market Restraints
Cassia gum may have a number of harmful side effects if it is used excessively in pet foods. For instance, the FDA claimed that cassia gum absorbs moisture from the digestive tract, changing how the digestive system processes food and decreasing appetite. Cassia gum is a complex sugar that cats should not consume. Therefore, a high dosage of cassia gum restricts its use in cat food, limiting the market growth of cassia gum globally over the anticipated period.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/cassia-gum-market-3993
Key Takeaways
On the basis of application, food and beverages dominated the global cassia gum market in 2022 with around 71% of market share in terms of revenue, followed by the manufacturing industry.
Market Trends
The growing popularity of additives among the manufacturers of various end user industries is expected to foster the market growth of global cassia gum. The rising adoption of advanced farming practices coupled with the increasing production of cassia gum in order to meet the growing demand around the globe is also expected to fuel the market growth. This is also attributed to the expanding agriculture industry due to favorable government policies.
Rapid urbanization coupled with the improving standard of living and the expansion of retail stores are supporting the market growth of the global cassia gum. Supportive economic factors and an increasing number of producers around the globe are also expected to augment the market growth of global cassia gum. Moreover, cassia seed genus such as angustfolia, javahikai, and grandis are widely used in the removal of pollutants in the wastewater treatment process which is further accelerating the market growth of global cassia gum over the forecast period.
Global Cassia Gum Market - Impact of Coronavirus (Covid-19) Pandemic
According to the World Health Organization, companies involved in the food industry had halted their non-essential and international business travels during pandemic, owing to which the supply of feed additives and ingredients declined during 2020-2021. However, it is anticipated that demand will increase again after the third quarter of 2020 because lockdowns are anticipated to end by the middle of the year.
Competitive Section
The key players operating in the global cassia gum market are Agro Gums, Avlast Hydrocolloids, Altrafine Gums, H. B. Gum Industries Private Ltd, Premcem Gums Pvt. Ltd., Agro Herb Gums, JD Gums And Chemicals, Dwarkesh Industries, Fooding Group Limited, Amba Gums & Feeds Products, and The Lubrizol Corporation.
