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.
Cassia Gum Industry Segmentation
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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Cassia Gum Market Size Summary
The global cassia gum market is experiencing significant growth, driven by its versatile applications as a thickener, emulsifier, foam stabilizer, moisture retention agent, and texturizing agent across various industries such as food and beverage, pharmaceuticals, and personal care. The market is further bolstered by favorable regulatory guidelines, such as those from the FAO, which approve its use in a variety of food products. However, the market faces challenges due to potential health hazards associated with its consumption and the availability of substitute products like guar gum. Despite these challenges, the demand for cassia gum is rising, particularly in the bakery and confectionery sectors, where it is used to enhance the quality and shelf life of products.
The Asia Pacific region holds the largest market share, driven by increased demand for bakery and confectionery products, urbanization, and rising disposable incomes. China and India are key players in this region, being major producers and suppliers of cassia gum. The market is highly competitive, with numerous domestic and multinational companies vying for market share. Leading players are focusing on product innovation and strategic partnerships, such as mergers and acquisitions, to strengthen their market presence. The growing popularity of convenience foods and advancements in processing technologies are also contributing to the market's expansion.
Cassia Gum Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Food & Beverage
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2.1.1.1 Bakery & Confectionery
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2.1.1.2 Dairy
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2.1.1.3 Meat industry
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2.1.1.4 Others
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2.1.2 Pharmaceuticals
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2.1.3 Animal feed
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2.1.4 Personal Care
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2.1.5 Others
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Spain
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2.2.2.2 United Kingdom
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2.2.2.3 Germany
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2.2.2.4 France
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2.2.2.5 Italy
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2.2.2.6 Russia
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2.2.2.7 Rest of Europe
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2.2.3 Asia Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 South Africa
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2.2.5.2 United Arab Emirates
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2.2.5.3 Rest of Middle East and Africa
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Cassia Gum Market Size FAQs
What is the current Cassia Gum Market size?
The Cassia Gum Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Cassia Gum Market?
Agro Gums, Amba Gums & Feeds Products, Jinan Farming Star Imp&Exp Co. Ltd, Avlast Hydrocolloids and Altrafine Gums are the major companies operating in the Cassia Gum Market.
