Cassia Gum Market Estimations, Business Competitors, Cost Structure, Key Companies And Forecast To 2027

Cassia gum is an additive derived from endosperms of the seeds of Senna obtusifolia, also known as cassia tora. It is widely used as a gelling agent, stabilizer, and emulsifier in the food and personal care industry. It also enhances the texture of food products such as frozen dairy desserts, cheese, and meat &poultry products.

The global Cassia gum market is projected to surpass US$ 21.5 million by the end of 2027, in terms of revenue, growing at CAGR of 6.5% during the forecast period (2020 to 2027).

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Drivers

Increasing use of cassia gum in place of gaur gum across the pharmaceutical, animal feed, and textile industry is primarily driving the market growth. Cassia gum is used as a stabilizer in the animal feed industry as they are more economical as compared to other additives. This is also attributed to the growing consumption of meat products around the globe. All these factors are augmenting the market growth of cassia gum.

High demand for cassia gum from the food industry is expected to foster the market growth of the cassia gum. They are widely used in the preparation of dairy, baby food, and bakery &confectionery products such as jellies, cookies, chocolates, and biscuits. Bakery &confectionery products are the leading application area of cassia gum. Thus, significant demand for the product from food &beverage is projected to foster the market growth of cassia gum.

Market Restraints

The availability of substitutes such as other additives is expected to hinder the market growth of cassia gum. Moreover, the lack of specific guidelines &standards regarding the use of cassia gum is again expected to hamper the market growth of cassia gum.

Severe changes in climatic conditions such as droughts or floods hamper the production of cassia Gum. This impacts the supply and price of the product, leading to an increase in the price of the product. This is expected to hinder the market growth of the cassia gum

Market Trends

Use of natural and organic food ingredients is a current trend in the market and this is attributed to the growing health concerns and rising awareness regarding the side-effects of synthetic food ingredients. Cassia gum is a natural gelling agent thus gaining huge demand across food &beverage products. Thus, the growing demand for organic food additives is projected to spur the market growth of the cassia gum over the forecast period.

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Global Cassia gum Market – Impact of Coronavirus (Covid-19) Pandemic

The demand for meat, dairy, and aquaculture products has witnessed a rise during coronavirus (Covid-19) pandemic amidst the coronavirus pandemic. However the supply chain across the globe suffered many disruptions, owing to which producers are facing difficulties in providing their products in the market. These factors will impact on consumers spending will dampen the demand for Global Cassia gum market during 2020-2021.

Competitive Section

Key players are operating in the global ion exchange resins 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

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