Market Size of Cassia Gum Industry
| 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 |
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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.
