(MENAFN- PR Newswire) The cassia gum market is booming due to its role as a natural thickener and stabilizer in plant-based and vegan foods. Driven by health-conscious consumers and the demand for clean-label products, cassia gum is gaining popularity as a substitute for artificial additives. The market is expected to see significant growth, particularly in the food and beverage industry. NEWARK, Del., May 14, 2024 /PRNewswire/ -- To enhance the overall texture of various kinds of desserts and food, cassia gum is required widely in the food and beverage sector. In light of this demand, the cassia gum market
is valuation will reach US$ 33.2 billion by 2034 , garnering a 7.60% CAGR from 2024 to 2034.
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Organic and plant-based products are the reason for the continued growth of cassia gum as one of the fastest growing markets. Health-conscious consumers are increasingly looking for natural substitutes to fill the place for artificial and chemical additives. This arises from their transparent dietary needs.
This cassia gum is a perfect solution made of the seeds of the cassia tree. It provides a "clean-label" solution used for thickening, stabilizing, and gelling applications, which tends to keep food manufacturers' products close to their target markets around the globe.
Companies that use cassia gums in the food and beverage industry have an edge in plant-based and vegan goods as the market demands these goods grow. Companies may create a variety of food and beverages for vegetarians, including sweet treats, dairy alternatives, and meat substitutes, by adding cassia to the creation of their products.
Besides being naturally a thickening and stabilizing factor, cassia gum provides an extremely appealing alternative to animal refinements, usually slime or gelatin. With this, providers gain a growing market group of environmentally conscious shoppers who are health sensitive and product and treatment of animals while looking for cruelty-free products.
Report Scope:
| Report Attribute | Details |
| Growth Rate | CAGR of 7.60% from 2024 to 2034 |
| Market value in 2024 | US$ 15.94 billion |
| Market value in 2034 | US$ 33.2 billion |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | US$ billion for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Application: Food and Beverages Animal Food Dog Food Cat Food Animal Feed Dairy and Confectionary Products Meat Products Instant Mix Manufacturing Segment Cosmetics Pharmaceuticals Paper Industry Textile Industry Chemical Processing Others By Region: North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East & Africa |
| Countries Profiled | The United States Canada Brazil Mexico Germany The United Kingdom France Spain
| Italy Poland Russia Czech Republic Romania India Bangladesh Australia
| New Zealand China Japan South Korea GCC Countries South Africa Israel
|
| Key Coverage in Cassia Gum Market Report | Applications of cassia gum in various industries Cassia gum market trends Demand for cassia gum in gluten-free and vegan food formulations Regulations on cassia gum labeling and food safety standards Impact of technological advancements on cassia gum extraction and processing Cassia gum in the pharmaceutical industry Cassia gum in the cosmetics and personal care industry Cassia Gum Producing Countries Cassia Gum Export and Import Regulations Impact of Climate Change on Cassia Gum Production The Role of Cassia Gum in Organic Food Manufacturing Emerging Markets for Cassia Gum Applications Strategies to Mitigate Supply Chain Disruptions in the Cassia Gum Market Comparison of Cassia Gum vs. Other Thickening Agents Growing Demand for Natural Ingredients in Food and Pharmaceuticals Increasing Use of Cassia Gum in Gluten-Free Products Rising Consumer Interest in Organic and Clean-Label Products Impact of e-commerce on Cassia Gum Distribution
|
Key Takeaways from the Market Analysis
In 2019, the demand for cassia gum garnered US$ 11.32 billion The cassia gum market acquired a 5.60% CAGR during the historical period. The cassia gum industry in Germany will garner a 4.60% CAGR over the forecast period. These gums' food and beverage applications will likely acquire a 39.8% market share in 2024.
"In the food and beverage industry, startups can benefit from cassia gum's natural and clean-label qualities. Startups may attract health-conscious customers looking for clean ingredient lists by emphasizing their plant-based origin and lack of artificial chemicals," says Nandini Roy Choudhury
(Client Partner for Food & Beverages at Future Market Insights, Inc.).
Competitive Landscape
Significant players in the food and beverage industry use Cassia gum effectively to investigate its potential as a natural stabilizing, thickening, and gelling agent. New formulations are being developed to increase mouthfeel, texture, and shelf life in various food products, including dairy, baked goods, and meat applications.
By adopting cassia gum as a natural substitute for artificial additives, these companies also concentrate on meeting customer demands for clean-label ingredients and appealing to consumers concerned about their health.
Cassia gum startups are using agility and precise knowledge to outperform the competition. They highlight innovative uses, such as cassia gum as a natural binder in the pet food sector. Startups also use ethical sourcing and sustainability to differentiate themselves from the competition.
By highlighting these features, they draw in customers who care about the environment. Lean operations and flexible manufacturing processes are frequently adopted by startups, which enables them to adjust to market demands and provide competitive pricing swiftly.
Key Development
| Market Player | Offerings |
| Altrafine Gums
|
Altrafine Gums is a guar gum, fenugreek gum, and other product exporter based at GIDC Vatwa, Ahmedabad, India. Altrafine Gums has added high-tech gear and equipment, such as hoppers, grinders, flakes, and turbo screens, to its enhanced infrastructure. The firm also employs energy-efficient processing equipment and precision farming to increase the sustainability of its guar gum output.
|
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Future Market Insights
offers an unbiased analysis of the cassia gum market, providing historical data for 2019 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the cassia gum market , the market is segmented based on application (food and beverages, animal food, dog food, cat food, animal feed, dairy and confectionary products, meat products, instant mix, manufacturing segment, cosmetics, pharmaceuticals, paper industry, textile industry, chemical processing, others), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).
About the Food and Beverage Domain at Future Market Insights
The food and beverage domain at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About the Author:
Nandini Roy Choudhury
(Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Another feather to her cap manifests in the form of process automation. She is vocal about bringing automation to the fore to bring a 360-degrees-round revolution in manufacturing sector
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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