Global Cassia Gum Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

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 of substitute products such as guar gum is a major challenge for the xanthan gum market.

Scope of the Report

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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Key Market Trends

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.

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