Global cassia seed extract demand is anticipated to be valued at USD 411.5 million in 2023, forecast to grow at a CAGR of 4.9% to be valued at USD 663.4 million from 2023 to 2033.
Growth is attributed to favorable and congenial properties accompanied by healing power in many disorders ranging from eye impairments to metabolic disorders and acts as a relief right from dizzying headaches to significant anti-cancerous traits. From 2018 to 2022, a CAGR of 2.4% was registered for the market.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 411.5 million |
| Anticipated Forecast Value (2033) | USD 663.4 million |
| Projected Growth Rate (2023 to 2033) | 4.9% CAGR |
Cassia seed extract or semen cassia extract is an herbal supplement with a spate of medicinal qualities which, consumption is good for the eyes, liver, and a host of other problems. It improves eyesight, relaxes the bowels, and manages weight loss while also regulating blood pressure. It is specifically located in India in tropical regions in seasons with post-monsoon showers.
The global cassia seed extract market is poised for high growth in the industry owing to its natural healing properties market and growing urbanization coupled with increasing health awareness among people.
The development of the global cassia seed extract market is driven by growing demand for plant-based food, high demand for food products that help in losing fat, substantial investments in the food industry, and increasing the health consciousness of consumers. Macroeconomic factors such as the growing economy, rapid rate of urbanization, increasing per capita income, and increasing employment rate are driving the global cassia seed extract market.
The cassia extract hinges on properties such as lipid metabolism inhibitor which help to relax the eye and prevent constipation. Cassia tora seed is widely used due to its various biological properties including anticancer, antidiabetic, and anti-inflammatory effects.
As an excellent source of fiber, cassia seed extract is an herbal supplement used in natural alternative supplementation to support healthy digestion. In addition, cassia seed extract may support the digestive system and promote a robust constitution, which is vital for overall health. It's a natural way to help the body with nutrient absorption and breakdown of nutrients.
Cassia seed extract is original and natural, without any fillers, additives, or artificial flavors. Not only that its no fillers, but it's also soy-free, dairy-free, and especially no sugar added. It's refreshingly unique for those who want the benefits of cassia seed without any extra ingredients. These are undoubtedly governing factors in the growth of the cassia seed market.
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Growing Demand for Natural and Organic Cosmetic Products to Favor the Market Growth
The increasing demand for natural and organic cosmetic products is expected to drive the growth of the cassia seed extract market. Rising consumer awareness about the health benefits associated with the use of cassia seed extract is also anticipated to propel market growth in the coming years.
The increasing application of cassia seed extract in pharmaceutical and nutraceutical products is also expected to boost market demand over the forecast period.
Cassia seed extract finds use as a flavoring agent in food and beverage products. It imparts a unique flavor to the product and enhances its palatability. The extract is also used as an antioxidant and preservative in food products. Some of the popular food products that contain cassia seed extract are soft drinks, fruit juices, bakery products, and confectionery items.
Cassia seed extract is attributed to a host of medicinal values that spans a repertoire of categories in human anatomy. Cassia seed extract is a research-based initiative that has noticeably improved the insulin resistance of diabetic rats and enhanced the insulin sensitivity of their skeletal muscles. This disclosure addresses the salient features of camellia seed extract in alleviating diabetes and aiding to its growth.
Traditionally, cassia seed has been used to treat dizziness, and headache, improve vision, and as a liver-calming antidote and has been reported to have antioxidant effects plus neuroprotection effects in Parkinson’s disease models.
Presence of Substitutes to Hamper Sales in the Long-Run
Challenges faced by the industry include low awareness to the unprecedented bundle of medicinal traits coupled with a spate of positive qualities that are found in every single aspect of the plant.
Further, substitutes for cassia extracts are another factor that is projected to hamper the market during the forecast period. These alternatives are used in various end-use sectors for a variety of reasons, including cost-effectiveness, convenience of supply, and so on.
However, the growing popularity of the product in various end-user sectors like food and beverage is expected to counter the hampering factors and propel growth in the coming time.
Principal Consultant
Growing Demand for Natural Ingredients in Food & Beverage Products to Benefit the Market in North America
The North American region is the largest market for cassia seed extract, followed by Europe and the Asia Pacific. The high demand for cassia seed extract in the North American region can be attributed to the presence of a large number of manufacturers that offer this product.
Additionally, there is a growing demand for natural ingredients in food and beverage products, which is driving the demand for cassia seed extract in these regions. As per Future Market Insights, the market in North America is expected to accumulate a market share of 33.6% in 2023.
Growing Awareness about the Medicinal Benefits to Favor the Regional Market
Europe falls second in cassia seed extract market growth acknowledged by the various garnishing in food and beverages with copious involvement by major industries in the region. By the end of 2023, the market for cassia seed extract is anticipated to garner a revenue share worth 27.4%.
Development of the regional market can be attributed to the growing awareness of its medicinal properties. As per a few phytochemical studies, cassia contains about 200 chemical components, comprising pentacyclic triterpenoids, anthracene derivatives, sterols, and others.
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Changing Consumers’ Consumption Habits to Boost the Market in APAC
As per the analysis, APAC is anticipated to be the most lucrative market for cassia seed extract. India is projected to make the maximum contribution to developing the regional market. Other than India, China is another potential market for the product.
Development of the regional market can be attributed to the changing consumers’ consumption habits, increasing dietary requirements, and high production of nutritional supplements. Furthermore, increasing domestic production of cassia extract and rising demand for convenience foods are expected to positively influence the market in the coming time.
Singhal Seeds Company, Noble Seeds Company, Spoorthy Agri Biotech Private Limited, Operose Commercial Pvt. Ltd., Royal Spices, and Dalian Guanlin International are some of the emerging names in the global cassia seed extract market.
Emerging players in the market adopt various strategies to strengthen their position in the market. This is likely to widen the market growth scope in the coming time.
Some of the key participants present in the global cassia seed extract market include Shaanxi Yongyuan Bio-Tech Co., Ltd., Xi'an Green Spring Technology Co., Ltd., Changsha Wanrun Bio-Technology Co. Ltd., Botaniex Biotech Inc., Shaoxing Marina Biotechnology Co. Ltd., NATURES FRANCE AVIGNON, and Teatox Australia Pty Ltd. among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Wanrun Bio-Technology Co. Ltd., Botaniex Biotech Inc. account for a considerable market size, several regional level players are also operating across key growth regions.
Recent Developments
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.9% from 2023 to 2033 |
| Market Value in 2023 | USD 411.5 million |
| Market Value in 2033 | USD 663.4 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Application, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, China, Japan, South Korea, GCC, South Africa, Turkey |
| Key Companies Profiled | Shaanxi Yongyuan Bio-Tech Co., Ltd.; Xi'an Green Spring Technology Co., Ltd.; Changsha Wanrun Bio-Technology Co. Ltd.; Botaniex Biotech Inc.; Shaoxing Marina Biotechnology Co., Ltd.; NATUREX FRANCE AVIGNON; Teatox Australia Pty Ltd; Nutraonly |
| Customization | Available Upon Request |
The CAGR for the market is 4.9% until 2033.
From 2018 to 2022, the market expanded at an 2.4% CAGR.
The market’s current valuation is USD 745.1 million.
The market in 2023 totals USD 411.5 million.
NATUREX FRANCE AVIGNON, Teatox Australia Pty Ltd and, Nutraonly are some key players.
The market will reach USD 663.4 million by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Pharmaceutical Applications 5.2. Nutraceutical Applications 5.3. Food & Beverages 5.4. Other 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Wholesale 6.2. Retail 6.2.1. Hypermarket/Supermarket 6.2.2. Convenience Store 6.2.3. E-Commerce 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Shaanxi Yongyuan Bio-Tech Co., Ltd. 17.2. Xi'an Green Spring Technology Co., Ltd. 17.3. Changsha Wanrun Bio-Technology Co. Ltd. 17.4. Botaniex Biotech Inc. 17.5. Shaoxing Marina Biotechnology Co., Ltd. 17.6. NATUREX FRANCE AVIGNON 17.7. Teatox Australia Pty Ltd 17.8. Nutraonly 17.9. Shanghai Herbary Biotechnology Co., Ltd. 17.10. Nanjing NutriHerb BioTech Co., Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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Cassia Seed Extract Market
