The global cassia gum market was valued at USD 10.1 million in 2015 and it is estimated to grow at a CAGR of 6.5% during 2015-2025. Cassia powder, made from the endosperm of Cassia Tora or Cassia Obtusifolia, is widely used as an additive in the food & beverage industry. Cassia a native plant of China, which is also found in India, Indonesia, and Sri Lanka. The cassia gum powder has a stimulating aroma, hence it is used for flavoring delicious dishes, baby foods, dairy products, and confectioneries.
Because of the limited research & development, until now cassia gum was mostly used as an alternative of guar gum. However, due to regulatory approvals in different regions and increasing innovations in cassia powder, the global cassia gum market is expected to continue to witness steady growth in the coming years. Currently, there are very few countries having guidelines and standards for cassia gum for suppliers and buyers. The cassia gum farmers' over-dependency on monsoon and the availability of alternatives at competitive prices are some of the market restraints.
The cassia gum powder is known for numerous health benefits and it acts as an antioxidant, anti-inflammatory, anti-diabetic, anti-fungal and antimicrobial. As a result of its wide variety of applications, the demand for cassia powder is increasing constantly and it is expected to boost market growth.
Global Cassia Gum Market Segmentation
The global cassia gum market is mainly segmented by application and geography. By application, the cassia gum market is classified into the food & beverage industry and the manufacturing industry. In terms of the usage in the food & beverage industry, cassia gum market is further divided into confectionery products, animal food, dairy products, meat products, and instant mixes. Our of these sub-segments, animal food, and instant mixes are expected to have a major market share in the coming years.
Based on its usage in the manufacturing industry, the cassia gum market can be classified into the sub-segments of cosmetics, pharmaceuticals, paper, chemical processing, textile, and others. The demand for cassia gum powder is expected to increase rapidly in the cosmetics sub-segment in the coming years. In addition, the increase in usage of cassia powder in hair care formulation is also contributing to the demand from the cosmetic sub-segment.
Global Cassia Gum Market Regional Trend
The Asia Pacific and Europe regions are leading producers as well as consumers of cassia gum powder. In the Asia Pacific region, it is highly consumers in India and China as a food flavoring agent and spice. The Middle East and Africa regions import cassia powder in bulk to be used in food and cosmetic products. Apart from its usage in the food and cosmetic products, cassia gum powder is also used in chewing-gums and baked foods in the European region. As a result of all these factors, the global cassia gum market is expected to witness rapid growth in the coming years.
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