Cassia Gum Market Valuation 2023 – Outlook, Trends & Forecast 2030
Posted by Rajkumar on February 20th, 2023
The cassia gum market refers to the global trade and consumption of cassia gum, which is a natural food additive. The market for cassia gum is driven by its various functional properties such as its thickening, gelling, and emulsifying properties. Cassia gum is widely used in the food and beverage industry, especially in pet food and animal feed formulations.
The global cassia gum market is expected to experience steady growth in the coming years. This growth is driven by the increasing demand for natural and organic food additives, as well as the expanding pet food and animal feed industry. According to a report by Allied Market Research, the global cassia gum market was valued at .6 million in 2020 and is projected to reach .1 million by 2028, growing at a CAGR of 4.5% from 2021 to 2028.
Asia-Pacific is the largest market for cassia gum, with India being the leading producer and exporter of cassia gum. Other major players in the cassia gum market include China, the United States, and Europe. The major applications of cassia gum are in the food and beverage industry, pet food, and animal feed industry. With the growing demand for natural and organic food additives and the increasing demand for pet food and animal feed, the cassia gum market is expected to witness significant growth in the coming years.
Key players are operating in the global ion exchange resins 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
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About the AuthorRajkumar
Joined: February 13th, 2019
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