Psyllium Husk Market: Emerging Opportunities, Trends and Forecast Analysis (2023-2029)

Psyllium Husk market was valued at US$ 369.57 Mn. in 2022 and expected to grow at a CAGR of 7.3% during the forecast period (2023-2029), thanks to the growing trend of organic psyllium husk use which has boosted demand for Global Psyllium Husks Market.
Psyllium Husk Market Overview:
Psyllium is a herb or plant and also as isabgol, ispaghula or isabgula. This herb is used in the production of psyllium husk. It is a non-digestible carbohydrate that can provide several health-related benefits. It is also used to prepare traditional medicine of Ayurveda to promote body health. Some of the health benefits of psyllium are relieve irritable bowel syndrome, and diarrhea, promoting digestive health, helping to maintain sugar levels, helping in lowering cholesterol, and reducing hunger between meals. India produces 80% of psyllium husk in the world market. As a result, the global psyllium husk market is expected to reach US$ 605.20 Mn. by 2029.

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The report has covered the market trends from 2022 to forecast the market through 2029. 2022 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done good in lockdown also and specific strategic analysis of those companies is done in the report.
Psyllium Husk Market Dynamics:
Increasing working-class population in developing countries, awareness about healthy lifestyles of the people, customer preference for herbal products, use of psyllium husk to increase fiber in other food products, and growth in health care expenditure are the major factors driving the growth of the psyllium husk market.

The growing demand for natural medication and laxative based medication are adding more advantages to the market. The development of new technologies such as psyllium husk-based novel bio-ink which is used for three-dimensional (3D) bioprinting process is boosting the global market.

The government of India implemented the “Protection of Plant Varieties and Farmer’s Rights Act, 2001” to protection of plant varieties, US “Food & Drug Administration” (FDA) released “2016 definitions of dietary fiber, which includes psyllium husk also. These are the positive factors attracting the global market.

From psyllium, husk peoples are experiencing digestive-related problems like abdominal pain, nausea, and vomiting, flatulence. Allergic reactions like breathing difficulties, skin rash, itching. Intake of this psyllium husk reduces the effectiveness of the drugs such as Digoxin ( medicine for heart function), cholesterol-lowering drugs, lithium, etc . these are some factors slowing down the growth of the psyllium husk market.
Psyllium Husk Market Segmentation:
Based On Nature Type Segment, The global Psyllium Husk market is sub-segmented into organic and conventional. The organic segment dominates the global market and its market value was valued at US$ 102 Mn. in 2020. Because the organic segment is free from harmful chemicals such as pesticides, fertilizers, insecticides, etc. Conventionally grown psyllium is treated with methyl bromide, which is poisonous and causes environmental pollution. As a result, organic segment is expected to grow at a CAGR of 3.2% during the forecast period.

Based Offering Segment, the global Psyllium Husk market is sub-segmented into powder and dust. The powder segment dominates the global market and it held a share of 72% in 2020. Satisfaction of customers, better storage stability. The use of powder in bakery products helps to reduce gluten amounts in wheat flour, etc. Because of these features powder segment has high demand in the market.Based On Application Segment, the global Psyllium Husk market is sub-segmented into dietary supplements and pharmaceuticals. The dietary supplement segment dominated the global market and it held the largest revenue share of 53% in 2020. Psyllium husks are 98% pure and contain 80% fiber which is the main factor attracting the people, growing knowledge about dietary benefits, reducing unhealthy weight, etc are the main factors attracting the global psyllium husk market.

Psyllium Husk Market regional insights:

North America is the dominating region in the global market and held a share of 56% in 2020. Growing demand for the flourishing supplements, natural-based medication, increased awareness about organic fiber use, presence of advanced technology and global key players, etc are major attracting factors for the growth of the market in this region.

According to “National Diabetes Statistics Report, 2020”, 34.2 Mn. Americans have diabetes and 88 Mn American adults have prediabetes, and according to a US CDC report, in 2015-18 nearly 12% of adults aged 20 have cholesterol. The presence of fiber in psyllium husk can aid this kind of health issue. So that graph psyllium husk market is continuously rising in a positive manner in this region.

Asia-pacific is the second dominating region in the global market. Because of the presence of vast population, urbanization and rapid growth of food industry, improving lifestyles of the youts, non-compromising attitude toward diet, rising health risks, etc are driving the global market in this region. India holds a large share by producing 80% and exporting psyllium husk is adding advantage to the growth of the global market.

The objective of the report is to present a comprehensive analysis of the global Psyllium Husk market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Psyllium Husk market dynamics, structure by analyzing the market segments and projecting the Psyllium Husk market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Psyllium Husk make the report investor’s guide.
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Psyllium Husk Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $  369.57 Mn.


Forecast Period 2023 to 2029 CAGR:
7.3%
Market Size in 2029:
US $  605.20 Mn.


 Segments Covered:
by Nature
Organic
Conventional


by Offering
Powder
Dust


by Application
Dietary supplements
Pharmaceutical



Psyllium Husk Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Psyllium Husk Market Key Players
1. JYOT Overseas
2. Keyur Industries
3. Satnam Psyllium Industries
4. Jyotindra International
5. Urvesh Psyllium Industries
6. Virdhara International
7. Shubh Psyllium Industries
8. Ispasen Remedies
9. Vraj Psyllium
10.Konpal Ispaghol
11.Shree Balaji Sat Isabgol Factory
12.Gayatri Psyllium Industries
13.Abhyuday Indutries
14.Rajganga Agro Product
15.Shree Mahalaxmi psyllium
16.Premcem Gums Pvt. Ltd

Frequently Asked Questions:

1. Which region has the largest share in Psyllium Husk Market?
Ans: North-America held the largest share in 2022.

2. What is the growth rate of the Psyllium Husk Market?
Ans: The Psyllium Husk Market is growing at a CAGR of 7.3 % during the forecasting period 2023-2029.

3. What segments are covered in Psyllium Husk Market?
Ans: Psyllium Husk Market is segmented into nature, offering and application.

4. Who are the key players in Psyllium Husk Market?
Ans: JYOT Overseas, Keyur Industries, Satnam Psyllium Industries, Jyotindra International, Urvesh Psyllium Industries, Virdhara International, Shubh Psyllium Industries, Ispasen Remedies, Vraj Psyllium, Konpal Ispaghol, Shree Balaji Sat Isabgol Factory, Gayatri Psyllium Industries, Abhyuday Indutries, Rajganga Agro Product, Shree Mahalaxmi psyllium, Premcem Gums Pvt. Ltd

5. What is the study period of this market?
Ans: The Psyllium Husk Market is studied from 2022 to 2029.