The Cassia Gum market is estimated to be valued at US$ 16.2 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Cassia gum is used as a thickener, stabilizer and gelling agent in variety of foods, pharmaceuticals, personal care products, and industrial applications. It is commonly used in bakery products, confectioneries, dairy products such as yogurt, ice cream, beverages, pet food and cough syrups. Cassia gum finds extensive applications in food industry owing to its cost effectiveness and ability to hydrate at room temperature.

Market Dynamics:

Rising demand for thickening and stabilizing agents from expanding food and beverage industry globally is a major factor driving growth of cassia gum market. Cassia gum is used as substitute for locust bean gum and xanthan gum in various food applications. Superior attributes of cassia gum such as high viscosity, hydrability, ability to suspend particles and compatibility with other ingredients are fueling its adoption in food formulation. Furthermore, growth in pharmaceutical industry and increasing applications of cassia gum in oral and topical formulations present growth opportunities. Growing emphasis on natural ingredients is expected further boost market growth over forecast period. However, availability of low cost substitutes may hamper growth of cassia gum market.

SWOT Analysis

Strength:
Cassia gum has excellent binding and thickening properties. It is inexpensive as compared to other gums and acts as an excellent texturizer in food products. The tolerance level of cassia gum is high, making it suitable for diverse industrial applications. It is easily soluble in cold water and forms strong gels even at low concentrations.
Weakness:
Cassia gum has a bitter taste when used at high concentrations. It may cause allergic reactions in people who are sensitive to cassia gum.
Opportunity:
The increasing demand for organic and clean label ingredients in food products is expected to boost the demand for cassia gum. Growing health-consciousness among consumers is fueling the demand for plant-based ingredients like cassia gum.
Threats:
Stringent regulations on the use of food additives may restrict the growth of the cassia gum market. Easy availability of substitutes like guar gum, xanthan gum, pectin, etc. poses threat to cassia gum market.

Key Takeaways:

The global Cassia Gum market is expected to witness high growth, exhibiting a CAGR of 6.1% over the forecast period, due to increasing awareness regarding organic and natural ingredients among consumers.

Regional analysis:

Asia Pacific region dominates the global cassia gum market with a share of around 40%, due to abundant availability of cassia trees and low production costs in India and China. India alone accounts for about 70-80% of the global cassia gum production. Indonesia and Vietnam are other major cassia gum producers in the Asia Pacific region.

Key players:

Key players operating in the cassia gum 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. These key players are focusing on new product launches and expansion of production facilities to strengthen their market position. For instance, H.B. Gum launched cassia gum granules to target food applications requiring free-flowing gum.