Global Cassia Gum Market 2018-2022
About this market
Cassia gum is one of the major resource for the manufacturing of organic dairy products. It is used as an emulsifier, thickener, moisture retention agent, foam stabilizer, and texturing agent in cheese and frozen dairy desserts. Cassia gum is widely used in dairy ice cream processing to introduce texture and flavor. Therefore, the increasing use of cassia gum in the global organic dairy products market will boost the growth of the market. Technavio ‘s analysts predict the cassia gum market to grow at a CAGR of more than 6 % by 2022.
Increasing demand for cassia gum in food industry
Cassia gum is used as a key ingredient in food the food industry. It is used in the pet food industry as a gelling agent. Cassia gum is approved for use in Europe under the Commission Directive (EEC No. E 499) and is listed as a stabilizing, thickening, and gelling ingredient in canned pet foods. The growing use of cassia gum as a major ingredient in the food industry will propel the growth of the market during the forecast period.
Availability of low-cost alternatives for cassia gum
There are many alternatives for cassia gum, such as guar gum, which is less expensive than cassia gum. As the market price for cassia gum is higher than that for its alternative compounds, cassia gum is expected to witness higher competition from guar gum during the forecast period, which is anticipated to hinder the global cassia gum market growth during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the cassia gum market during 2018-2022, view our report.
The cassia gum market appears to be concentrated due to presence of a considerable number of companies. Factors such as the increasing demand for cassia gum in the food industry and the increasing organic products are expected to boost the growth of the cassia gum market. Some of the top companies in the cassia gum market include Agro Gums, Amba Gums & Feeds Products, B.D. Guar, DWARKESH INDUSTRIES, Mahesh Agro Food Industries, and Premcem Gums.
‘With the presence of a considerable number of companies, this market appears to be concentrated. Manufacturers in the market are focusing on increasing the production speed and output to cater to the growing demand for cassia gum in food industry and the increasing organic food products where in cassia gum is used as a key ingredient. ‘