Global Cassia Gum Market - 2022-2029

Global Cassia Gum Market - 2022-2029

Market Overview

The global cocoa nibs’ market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Cassia gum is a food additive made from the endosperm of Senna obtusifolia, often known as cassia tora, seeds. It's frequently utilized in the food and personal care industries as a gelling agent, stabilizer, and emulsifier. It also improves the texture of culinary items like frozen dairy desserts, cheese, and meat and poultry. The wide range of functions it provides, such as thickening, emulsifier, foam stabilizer, moisture retention agent, and texturizing agent, that can be utilized in food, beverage, pharmaceutical, and personal care goods, is credited with the market's expansion.

Market Dynamics:

Increasing usage of cassia gums in bakery and confectionery products

Cassia gum helps with emulsification, foam stabilization, moisture retention, and texture improvement in sweets. Due to increased demand for innovative goods in the bakery and confectionery sector with a refreshing taste, continuous advancements in processing and freezing technologies, and created ingredients such as cassia gum, bakery products import has increased significantly in recent years. Also, convenience foods are becoming more popular due to fast-paced and stressful lifestyles, ease of preparation, easy product availability, low pricing, and long shelf life. According to the US Census Bureau, the value of frozen cake and other pastry shipments in the United States has increased significantly in recent years, indicating a rise in demand for frozen bakeries.

Furthermore, the increasing use of cassia gum as a thickening ingredient in the production of air fresheners is projected to provide the lucrative potential for the industry. Moreover, the growing use of cassia gum powder in salads, sandwich ingredients, multi-course meat meals, and snacks is likely to boost the market growth. All of these elements are driving cassia gum's market expansion.

Market Segmentation:

Animal feed segment accounted for the highest share in global cassia gum market

Cassia gum is approved for use as an emulsifying and stabilizing agent, thickening, and gelling agent in feed with less than 12% moisture content. Edible ice, dairy-based desserts, fermented milk products, cheese, sauces, and dried soups are all allowed to use the gum for similar technological goals. Cassia gum is utilized in combination with other gelling agents such as kappa-carrageenan or Xanthan gum during the preparation of pet foods, according to the European Food Safety Authority (EFSA). The efficacy of cassia gum powder has been investigated by examining the gel strength values of complete canned dog food. After three months of storage, the product stays stable and does not affect other product ingredients, indicating that it is still very effective.

Based on nature, the wet segment is expected to grow at the highest CAGR XX%. Cassia gum powder is a natural additive that can be found in various foods, including wet canned pet food. Gum powder has a variety of applications and advantages. Some of the wet canned pet food industries utilize a lot of this powder.

Geographical Penetration:

Asia-Pacific is the dominating region during the forecast period

Due to the rising demand for bakery and confectionery items, the Asia Pacific region holds the greatest share of the market. In addition, urbanization, growing living standards, retail store expansion, discretionary income availability, and supportive economic conditions contribute to market growth. As the leading producers and suppliers of cassia gum in Asia-Pacific, China and India hold the largest proportion of the market.

Consumers in North America are known for being health conscious. Cassia gum has several health benefits and provides wonderful texture to food goods. This is propelling the cassia gum market in North America forward. Cassia gum has sparked attention in European markets due to its importance in the beverage and animal feeding industries. The use of cassia gum in skincare is tempting the cosmetic industry to develop innovative products. This assists in the expansion of the cassia gum market in North America and Europe.

Competitive Landscape:

The cassia gum market is highly competitive, with many domestic and global competitors competing for market dominance and leading players using product innovation as a primary strategic approach. Additionally, mergers, expansions, acquisitions, and joint ventures with other businesses are frequent techniques for enhancing a company's market presence and growth. The major key players operating in the global cassia gum market are Agro Gums, Avast Hydrocolloids, Altrafine Gums, H. B. Gum Industries Private Ltd, Amba Gums & Feeds Products, and The Lubrizol Corporation. Cassia Gum-Food Grade E427 manufactured by Bharat Agro Industries is used in mixes, cheese, frozen dairy products and ice cream. This refined cassia gum powder is also used in salads and appetizers as well, and sandwich ingredients are also prepared.

COVID-19 Impact: Negative impact on the global cassia gum market

The COVID-19 pandemic has significantly influenced the global cassia gum market. Countries in Asia-Pacific have been taking steps to slow the virus' spread. Economic activity and employee livelihoods in the region have slowed due to these mitigation measures. Due to demand and supply chain interruptions, decreased productivity rates, and employee health difficulties, the cassia gum-based sectors have been heavily damaged by the COVID-19 pandemic. Reduced capital resources and the possibility of a worldwide recession after the COVID-19 pandemic have also reduced demand for the cassia market for new market players, owing to price increases during the COVID-19 pandemic. The market is predicted to grow due to increased demand for meat, aquaculture, dairy products, and other packaged foods that use cassia gum as a food additive.