Cassia Gum Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.20 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cassia Gum Market Analysis
The global cassia gum market is growing at a CAGR of 6.2% during the forecast period (2019-2024).
- The market growth is attributed to the wide range of functions it offers including thickener, emulsifier, foam stabilizer, moisture retention agent and texturizing agent that can be used in food & beverage, pharmaceutical, and personal care products. In addition, favorable regulatory guidelines are fueling the market. For instance, FAO has approved the intended use of cassia gum is a thickener, emulsifier, foam stabilizer, moisture retention agent and/or texturizing agent in cheese, frozen dairy desserts and mixes, meat products and poultry products.
- However, the health hazards that arise from its consumption such as swelling of the intestine, slow absorption of sugar are restraining the market. Also, the availability ofsubstitute products such as guar gum is a major challenge for the xanthan gum market.
Cassia Gum Market Trends
This section covers the major market trends shaping the Cassia Gum Market according to our research experts:
Increased usage in bakery and confectionery products
In desserts, it is used for emulsification, foam stabilization, moisture retention, and texture improvement. Due to the increase in demand for new products in the bakery and confectionery sector that offer refreshing taste, constant strides in upgrading the processing and freezing technology and developed ingredients used such as cassia gum, bakery products import has witnessed a significant increase in this segment in the successive years. Also, the growing popularity of convenience foods due to fast-paced and hectic lifestyles, speed of preparation, easy product availability, low costs, and extended shelf life. According to the US Census Bureau, the value of U.S. product shipments of frozen cakes and other pastries witnessed a significant increase in recent years, thus showing an increase in demand for the frozen bakery.
Asia-Pacific to the drive the market
Asia Pacific region accounts for the largest share in the market owing to its increased demand for bakery and confectionery products. Also, urbanization, a rising standard of living, expansion of retail stores, availability of disposable income and supportive economic factors are pairing to boost the market growth. In Asia-Pacific, China and India account for the largest share of the market as they are the major producer and suppliers of cassia gum.
Cassia Gum Industry Overview
The cassia gum market is highly competitive in nature having a large number of domestic and multinational players competing for market share and with innovation in products being a major strategic approach adopted by leading players. Additionally, merger, expansion, acquisition, and partnership with other companies are the common strategies to enhance the company presence and boost the market.
Cassia Gum Market Leaders
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Agro Gums
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Amba Gums & Feeds Products
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Jinan Farming Star Imp&Exp Co. Ltd
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Avlast Hydrocolloids
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Altrafine Gums
*Disclaimer: Major Players sorted in no particular order
Cassia Gum Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Food & Beverage
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5.1.1.1 Bakery & Confectionery
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5.1.1.2 Dairy
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5.1.1.3 Meat industry
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5.1.1.4 Others
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5.1.2 Pharmaceuticals
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5.1.3 Animal feed
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5.1.4 Personal Care
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5.1.5 Others
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 Spain
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5.2.2.2 United Kingdom
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5.2.2.3 Germany
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5.2.2.4 France
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5.2.2.5 Italy
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5.2.2.6 Russia
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5.2.2.7 Rest of Europe
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5.2.3 Asia Pacific
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5.2.3.1 China
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5.2.3.2 Japan
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5.2.3.3 India
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle East and Africa
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5.2.5.1 South Africa
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5.2.5.2 United Arab Emirates
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5.2.5.3 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Agro Gums
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6.4.2 Amba Gums & Feeds Products
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6.4.3 Jinan Farming Star Imp&Exp Co. Ltd
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6.4.4 Avlast Hydrocolloids
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6.4.5 Altrafine Gums
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6.4.6 Premcem Gums Pvt. Ltd.
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6.4.7 Dwarkesh Industries
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6.4.8 Wuzhou Jufeng Trading Co., Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Cassia Gum Industry Segmentation
Global cassia market has been segmented by application into food & beverage, pharmaceuticals, animal feed, personal care, and others. The food segment can be further bifurcated into bakery & confectionery, dairy, meat industry, and others.By geography, the market can be segmented into North America, Europe, Asia-Pacific, South America and the Middle East and Africa.
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Cassia Gum Market Research FAQs
What is the current Cassia Gum Market size?
The Cassia Gum Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Cassia Gum Market?
Agro Gums, Amba Gums & Feeds Products, Jinan Farming Star Imp&Exp Co. Ltd, Avlast Hydrocolloids and Altrafine Gums are the major companies operating in the Cassia Gum Market.
Which is the fastest growing region in Cassia Gum Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cassia Gum Market?
In 2024, the Asia Pacific accounts for the largest market share in Cassia Gum Market.
What years does this Cassia Gum Market cover?
The report covers the Cassia Gum Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cassia Gum Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cassia Gum Industry Report
Statistics for the 2024 Cassia Gum market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Cassia Gum analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
