Smart Home Automation Is Fastest Growing Segment Fueling The Growth Of Cassia Gum Market

 


The global Cassia Gum Market is estimated to be valued at US$ 16.2 Mn or Million in 2023 and is expected to exhibit a CAGR of 6.1 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Cassia gum is a natural gum extracted from the seed pods of the cassia tree. It is used as a thickening, stabilizing and gelling agent in various food products. It helps improve texture, mouthfeel and prevents separation in foods.

Market key trends:

One of the key trends in the Cassia Gum Market is its increasing usage in the Smart Home Automation industry. Cassia gum plays a crucial role as a binder and thickening agent in paints and coatings used for surfaces in smart homes. It helps produce coatings that are washable, flexible and have long lasting properties. The rapid growth of the smart home market driven by rising consumer preference for automated and tech-enabled homes supports the increasing demand for cassia gum.

Segment Analysis

The global cassia gum market has been segmented into end use and type. By end use, the food and beverage segment dominated the global market in 2022 owing to the wide application of cassia gum in food products like bakery, desserts, soups and sauces for its thickening, stabilizing and gelling properties.

Key Takeaways

The global cassia gum market is expected to witness high growth, exhibiting CAGR of 6.1% over the forecast period, due to increasing demand from food & beverage industry.

Regional analysis

Asia Pacific dominated the global market in 2022 and is expected to continue its dominance over the forecast period. India is the largest producer and consumer of cassia gum globally. Countries like China, Indonesia and Thailand are other major cassia gum producing countries in the region.

Key players operating in the cassia gum market are Agro Gums, Avlast Hydrocolloids, Altrafine Gums, H. B. Gum Industries Private Ltd, Premcem Gums Pvt. Ltd., Agro Herb Gums, JD Gums And Chemicals, Dwarkesh Industries, Fooding Group Limited, Amba Gums & Feeds Products, and The Lubrizol Corporation. The market size for 2023 is US$ 16.2 Mn.


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