Global Cassia Gum Market By Type ( Animal Food, Meat Products ), By Application ( Cosmetics (Soap, Gel, Shampoo, Hair Oil), Pharmaceuticals (Paste, Drugs, Medicines), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

Global Cassia Gum Market is expected to grow at 6.5% CAGR. Market value is expected to rise from USD 16.72 Million in 2023, to USD 29.47 Million by 2033. Cassia gum is an additive to food and confectionery products. It is made from the endosperms of Senna Obtusifolia. Cassia gum can be used as a stabilizer, gelling agent, and food thickener.

It can be used for texture improvement, foam stabilization, emulsification, and moisture retention. Global cassia consumption is affected by key macroeconomic indicators such as the growth of the confectionery and dairy ingredients markets.

Growing Demand:

The market will see new opportunities in the near future due to growing demand from the paper industry for cassia. It is also used to produce water-based paints, ceramics, and other products. This will also help increase the market growth for cassia. The market growth for cassia gum is also expected to be driven by the growing demand for toothpaste gelling agents.

Market opportunities are expected to be boosted by the increasing use of cassia in the production and thickening of air fresheners. The market is expected to grow due to the increasing use of cassia powder in salad preparations, sandwich ingredients, and appetizers. These factors are driving the market growth for cassia gum.

Cassia Gum Market Scope:

By Type, the market is segmented into Animal Food, Dairy &Confectionery Products, Meat Products, and Instant Mix. By Application, the market is divided into Cosmetics (Soap, Gel, Shampoo, Hair Oil), Pharmaceuticals (Paste, Drugs, Medicines), Paper Industry, Textile Industry, Chemical Processing (Water Treatment, Synthetic Resins, Ceramics), and (Mining, Oil & Gas).

Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America and the Middle East, and Africa. Major players profiled in the report include Agro Gums, Amba Gums & Feed, Avlast Hydrocolloids, Altrafine Gums, Premchem Gums, Dwarkesh Industries, H.B. Gum, Fooding Group Limited, and J D Gums and Chemicals.

Key Market Segments:

Type

Animal Food
Dairy &Confectionery Products
Meat Products
Instant Mix

Application

Cosmetics (Soap, Gel, Shampoo, Hair Oil)
Pharmaceuticals (Paste, Drugs, Medicines)
Paper Industry
Textile Industry
Chemical Processing (Water Treatment, Synthetic Resins, Ceramics)
(Mining, Oil & Gas)

Key Market Players included in the report:

Agro Gums
Amba Gums & Feed
Avlast Hydrocolloids
Altrafine Gums
Premchem Gums
Dwarkesh Industries
H.B. Gum
Fooding Group Limited
J D Gums and Chemicals

Drivers:

The market is seeing a lot of cassia gum being used in place of gaur gum in the textile, pharmaceutical, and animal feed industries. Because they are less expensive than other additives, Cassia gum is used in animal feed as a stabilizer. This can also be attributed to the increased consumption of meat products worldwide. These factors all contribute to the growth of cassia.

The food industry will continue to demand cassia, which is expected to drive market growth. They are used extensively in the preparations of dairy, baby food, bakery & confectionery products like cookies, jellies, chocolates, and muffins. Cassia gum is most commonly used in bakery & confectionery products. Cassia gum is expected to see significant growth in the food & beverage market.

In terms of revenue, North America held 61% of the global cassia market, while Europe and Asia-pacific had 61%.

Restraints:

Cassia gum’s market growth will be impeded by the availability of other substitutes, such as additives. The market growth of cassia is also expected to be affected by the absence of guidelines and standards regarding the use of cassia.

Cassia Gum production is affected by severe changes in climatic conditions, such as floods and droughts. This can have a negative impact on the supply and the price of the product. This will likely limit the market growth for cassia gum.

The current market trend is to use organic and natural food ingredients. This is due to growing concerns about health and increasing awareness about the adverse effects of synthetic food ingredients. Cassia gum, a natural gelling agent, is in high demand in food and beverage products. The market growth for cassia gum is expected to be driven by the increasing demand for organic food additives over the forecast period.

The rising popularity of alcohol consumption among millennials is no surprise. Cassia gum is used extensively in the preparation and storage of alcohol. It is used to thicken the drink and increase its viscosity. It is also used to make non-alcoholic beverages such as soft drinks, fruit beverages, and other non-alcoholic drinks.

Cassia gum is expected to grow in the market due to increasing demand for both alcoholic and non-alcoholic beverages. Food & beverages held 71% of the global cassia market revenue in 2019, followed by the manufacturing industry.