Cassia Extract Market

Cassia Extract Market Outlook (2024 to 2034)

Global cassia extract market revenue is projected to reach US$ 462.7 million in 2024. The market has been forecasted to expand at a CAGR of 6.7% to reach a value of US$ 885 million by the end of 2034.

Cassia extract is derived from the cassia nomame plant and has quickly gained popularity in the health and wellness industry due to its weight management benefits. There is a significant rise in sales of cassia extract due to the rising awareness among consumers about the benefits of natural weight loss supplements. Since cassia extract is derived from organic sources there is an increasing demand for it in the market.

Cassia has been widely used in indigenous and folkloric medicine systems. The plant has been used in the treatment of leprosy, erysipelas, ulcer symptoms, cough, flatulence, dyspepsia, menstrual problems, and tuberculosis in the Indian system of medicine known as Ayurveda. It has also been used to treat bronchitis, anemia, and constipation.

Key Market Growth Drivers

• Customers prefer novel and unusual scented products that provide relaxation and other benefits. Manufacturers are also providing products for a variety of end-use industries, such as food and beverages, pharmaceuticals, and others.
• As demand for scented products grows, manufacturers are shifting their focus to the release of new fragrance products. Due to shifting preferences, the majority of regular scent consumers prefer new and sophisticated products. As a result, leading cassia extract producers are improving their products and making them more beneficial to their customers.
• In response to changing customer demands, companies have begun to produce innovative products such as room fresheners, perfumes, and other aromatic items derived from cassia extract.
• Manufacturers of nutraceuticals and pharmaceuticals are playing an important role in the industry to increase the cassia extract market size.
• Several factors are influencing the market for cassia extracts, including the growing number of illnesses linked to an unhealthy lifestyle, and the growing elderly population.
• Preference for plant-based products is growing steadily in several parts of the world. Furthermore, the e-commerce boom and advancements in extraction technology have made these products more widely available, promoting overall cassia extract market growth.

Report Attribute	Detail
Cassia Extract Market Size (2024E)	US$ 462.7 Million
Forecasted Market Value (2034F)	US$ 885 Million
Global Market Growth Rate (2024 to 2034)	6.7% CAGR
East Asia Market Share (2024E)	22.4%
North America Market Growth Rate (2024 to 2034)	6.9% CAGR
Sales of Conventional Cassia Extract (2024E)	US$ 350 Million
Key Companies Profiled	Mane KANCOR Ingredients Private Limited; Naturalin Bio-Resources Co., Ltd.; Shaanxi Yongyuan Bio-Tech Co., Ltd.; Xi'an Nature Choice Co. Ltd.; Xi'an Sost Biotech Co., Ltd.; Xuancheng Quality Herb Co. Ltd.; NOW Foods; AG Industries; Agrim Pte Ltd.; Changsha Botaniex Inc.; De Monchy Aromatics; Edens Garden; FYZ Ingredients; Hawaii Pharm LLC; Janvi Herbs; Katyani Exports.

Which Market Trend are Producers of Cassia Extract Capitalizing On?

“More People Shifting to Clean Label and Plant-Based Products”

There are technological advancements in extraction processes that are improving the purity and efficacy of cassia extract, which is further fueling their sales. There is also a shift to clean label and plant-based products, which is a key cassia extract market trend. There is an increasing emphasis on research and development to fully realize the potential of cassia extract in a variety of applications.

Industry disruptions, such as changing regulations and market dynamics are also influencing the competitive landscape of the cassia extract market. Consumers are becoming more aware of the benefits of natural ingredients for weight management due to which they are focusing on organic products which is ultimately driving sales of cassia extract.

What Do Manufacturers of Cassia Extract Have to Content With?

Fluctuating Raw Material Prices and Regulatory Challenges”

Ongoing challenges such as fluctuating raw material prices, regulatory barriers, and the need for thorough scientific proof of health claims. The availability of high-quality raw materials such as herbs and spices is critical for the production and processing of essential oils and oleoresins. Food, pharmaceutical, nutraceutical, and other product manufacturers are facing challenges at the production level due to the supply of raw materials.

Many essential oils are derived from extracts such as cassia, which have many health benefits. The abundance of alternatives or substitutes on the market is impeding the growth of cassia extract. These alternatives are used for a variety of reasons, including cost-effectiveness, ease of supply, and so on.

Country-wise Insights

North America is set to hold 23.9% of the global cassia extract market share in 2024. North America is driving the market due to rising consumer awareness of weight management. Countries such as Germany, France, and the United Kingdom are expected to dominate the market in Europe as natural weight loss supplements are becoming more popular.

What is Driving Sales of Cassia Extract in the United States?

“Low-Sugar and Sugar-Free Products Gaining Popularity”

Attribute	United States
Market Value (2024E)	US$ 49.2 Million
Growth Rate (2024 to 2034)	7.1% CAGR
Projected Value (2034F)	US$ 98.1 Million

The United States is expected to hold a significant market share of 44.5% in North America in 2024. The cassia extract market in the country is being driven by an increase in demand for natural weight management solutions as the country's obesity rates rise. Its potential health benefits, such as appetite suppression and metabolism enhancement, contribute to market growth in the United States.

What is the Sales Outlook for Cassia Extract in China?

“Emphasis on Expansion of Production Capacity for Cassia Extract”

Attribute	China
Market Value (2024E)	US$ 50.7 Million
Growth Rate (2024 to 2034)	6.7% CAGR
Projected Value (2034F)	US$ 97.1 Million

Cassia extract is widely popular in China, where demand is rising steadily. China is a major player in East Asia. This is due to increasing domestic production of cassia extract, as well as increasing consumption in the country. Furthermore, rising demand for convenience foods will boost market growth in China. The country is expected to account for 48.9% of the market share in 2024.

Category-wise Insights

Cassia extract is available as organic and conventional variants of which the latter is estimated to hold three-fourths of the market share in 2024. The extract finds widespread applications in the food & beverages, cosmetic & personal care, and nutraceuticals industries. Cassia extract is available in two forms, powder and oil. The oil form is set to hold four-fifths of the market in 2024.

What Makes Conventional Cassia Extract Desirable to Consumers and Food Manufacturers?

“Cost-effectiveness of Conventional Cassia Extract”

Attribute	Conventional
Segment Value (2024E)	US$ 350.3 Million
Growth Rate (2024 to 2034)	6.8% CAGR
Projected Value (2034F)	US$ 675.2 Million

Conventional cassia extract is poised to hold a market share of 75.7% in 2024 due to its easy availability and its greater consumption among the masses. Conventional cassia extract is generally cheaper to produce than organic versions, making it more accessible to both consumers and food manufacturers. Producers of conventional cassia extract benefit from well-established supply chains and manufacturing processes that ensure reliable availability and consistent quality.

What are the Advantages of Using Cassia Oil?

“Boosts Immunity, Aids Digestion, and Improves Circulation”

Attribute	Oil
Segment Value (2024E)	US$ 362.3 Million
Growth Rate (2024 to 2034)	6.8% CAGR
Projected Value (2034F)	US$ 696.5 Million

The availability of high-quality raw materials such as herbs and spices is critical for the production and processing of essential oils and oleoresins. Many essential oils are derived from extracts such as cassia, which have numerous health benefits.

Cassia oil, such as frankincense oil, myrrh, and a variety of other herbs and oils, is mentioned in the Bible as a valuable essential oil. Cassia oil is useful for cleaning and cooking, but the health benefits of using this potent oil are very much beneficial. Cassia oil is known to boost the immune system, which helps the whole body function properly. It also helps to keep the digestive system healthy and running smoothly, as well as improving blood circulation. Cassia oil is also an antidepressant and has been used for many years to boost courage and self-esteem. It warms the body and calms the mind.

Competition Analysis

Key players in the cassia extract industry prefer e-commerce channels, allowing them to offer cassia extract at affordable prices. Apart from improved social media campaigns, raising awareness regarding the different health benefits associated with the consumption of cassia extract is another factor in improving its sales.

• Edens Garden released three new room sprays in November 2021, along with other products. The products introduced were themed around Christmas and winter. The products come in glass bottles, making them environmentally friendly.
• In September 2021, Mane KANCOR Ingredients Private Limited opened an innovation center in Angamaly, India, complete with cutting-edge technology. It is one of the largest buildings on the Angamaly Campus, where all research and product development takes place.
• Naturalin Bio-Resources Co. Ltd., Xuancheng Quality Herb Company Ltd., and Katyani Exports are among the key players in this dynamic market, having received certifications such as USDA Organic, ISO 9001, GMP, FSSC, and many others.

Fact.MR provides detailed information about the price points of leading cassia extract manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Cassia Extract Market Research

• By Nature :

  • Organic
  • Conventional

• By Form :

  • Oil
  • Powder

• By Application :

  • Food & Beverages
  • Cosmetics & Personal Care
  • Nutraceuticals

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa