Market Trends of Cassia Gum Industry
This section covers the major market trends shaping the Cassia Gum Market according to our research experts:
Increased usage in bakery and confectionery products
In desserts, it is used for emulsification, foam stabilization, moisture retention, and texture improvement. Due to the increase in demand for new products in the bakery and confectionery sector that offer refreshing taste, constant strides in upgrading the processing and freezing technology and developed ingredients used such as cassia gum, bakery products import has witnessed a significant increase in this segment in the successive years. Also, the growing popularity of convenience foods due to fast-paced and hectic lifestyles, speed of preparation, easy product availability, low costs, and extended shelf life. According to the US Census Bureau, the value of U.S. product shipments of frozen cakes and other pastries witnessed a significant increase in recent years, thus showing an increase in demand for the frozen bakery.
Asia-Pacific to the drive the market
Asia Pacific region accounts for the largest share in the market owing to its increased demand for bakery and confectionery products. Also, urbanization, a rising standard of living, expansion of retail stores, availability of disposable income and supportive economic factors are pairing to boost the market growth. In Asia-Pacific, China and India account for the largest share of the market as they are the major producer and suppliers of cassia gum.
