Psyllium Market

Market Outlook for Psyllium Market till 2032

Psyllium is a type of herb used across the world as a medicinal commodity. The nutraceutical features of this make it an ideal fiber for a bulk laxative. Dietary fibres from psyllium are largely exploited as food ingredients and pharmacological supplements in order to help in weight control, reduce serum lipid levels, and the regulation of glucose control, especially in patients with diabetes. Psyllium is thus becoming popular and is being explored by manufacturers as well as consumers for its benefits.

Unlike in previous years, there is sufficient development in awareness about food consumption and lifestyle changes. The dietary concerns have opened lucrative scope for manufacturers and researchers to think of more functional food options. The pharmaceutical value of gel-forming psyllium is beneficial in treating IDBs and diarrhea-like conditions.

The global market for psyllium is valued at USD 256.38 Million at present in 2022. The market is anticipated to continue growth and surpass a valuation of USD 618.17 Million by end of 2032. The market is expected to gain growth with a CAGR of 9.2% in the forecast duration.

Report Attributes	Details
Market size (2022 A)	USD 256.38 Million
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 618.17 Million
Global Market Growth rate (2022-2032 E)	CAGR of 9.2%
Key Companies Profiled	JYOT Overseas Pvt. Ltd. Satnam Psyllium Industries Gayatri Psyllium Industries Psyllium Labs LLC Balisana Isabgol Ispasen Remedies K V Agro Products Ltd. Shree Mahalaxmi Psyllium Pvt. Ltd. Shubh Psyllium Industries Premcem Gums Pvt. Ltd.

Why there is a higher demand for psyllium in the nutraceuticals market?

Health is a point of concern for most the people before consumption of any food or beverage. With the growing awareness regarding health, there is an increase in the number of people that prefer consuming foods that provide health benefits along with nutrients.

Nutraceuticals are food items that possess some kind of medicinal properties along with the nutritional value. There is a rapid increase in popularity as well as the demand for nutraceuticals. Nutraceuticals usually consist of natural ingredients that provide health benefits to consumers and are not synthesized chemicals for a particular purpose.

The market is driven by changing lifestyles, increasing awareness of healthy diets, and rising demand for herbal remedies in the OTC pharmaceutical sector, as these products provide more benefits and have fewer side effects.

There is also another factor responsible for the demand for psyllium products which is the growing consequences of a sedentary lifestyle. The developed countries face issues of complicated lifestyle patterns which are increasing demand for natural laxatives like psyllium. This has a large number of industrial applications that are propelling this demand to the next level.

This product is beneficial in the reduction of soil erosion and landscaping which increases sales of these products. The food sector is another emergent in this market where the product is used for stabilizers and binding agents in food products to improve texture as well as fiber content.

Segment wise insights

On the basis of the end-user industry, the cosmetic sector is anticipated to gain growth in upcoming years. At present food, a sector dominated the user industry section with a major share and sales. It is also used as a thickener and for moisture retention. Its viscosity can withstand a wide range of changes in temperature and pH, thus driving its use in the food processing sector. Psyllium is used in animal feed, especially for horse feed to meet its fiber requirement. The market may face a restraint from synthetic laxatives which are available widely and at cheap prices. However, due to the rising trend of using natural products over synthetics, and a wide number of other health benefits provided, the demand for psyllium in the global market is expected to increase in terms of volume and value during the forecast period.

What are lucrative opportunities for manufacturers in this market?

Psyllium seeds and husks are widely exploited by the nutraceutical and industrial sectors to increase market size. The approach of using psyllium along with other dietary supplements, as well as using psyllium to fortify breakfast cereals has boosted its demand. e-Commerce has opened new opportunities for manufacturers as well as consumers to reap the benefits of the product. The increasing use of psyllium in the animal feed sector, especially in pet feed for its fiber content and laxative properties, can boost demand.

The use of psyllium in capsule manufacturing has increased its demand in the pharmaceutical sector. The growing demand has led producers to increase the research and innovation in the production and application of it in various sectors. With the increase in application in various sectors and demand from consumers, the market is expected to rise positively during the forecast period.

Which regional markets owe a higher share in this industry?

India dominates the market in terms of production and export. USA and Germany are the largest importers of husk and seeds, respectively. There is a rising demand for this from the U.K., Australia, Denmark France, Japan, Indonesia, Canada, Mexico, Italy, Sweden, Spain, Norway, Korea, Pakistan, and Gulf countries.

APAC is expected to dominate the market during the forecast period, being a large producer and having a stronger consumer base. Followed by APAC, North America is expected to top the market during the forecast period, due to the large working and aging population, as well as a high number of health-conscious people, and increased disposable income. Europe is expected to experience a rise in demand, especially for industrial husk powder. Thus, the global market is expected to increase positively during the forecast period.

Competitive landscape

Companies in the this industry are facing heavy competition with rising market players. However, hygiene, product quality, and taste are key parameters that successfully differentiate between leading and lacking manufacturers. The manufacturers in the market are experimenting with forms and blends with other materials in order to expand their product portfolio and applications across industries. Branding and strategic promotion also play a crucial role in market dominance by some companies. Companies giving information about ingredients and pack contents are likely to gain customer loyalty as customers are now looking for chemical-free natural compounds.

Segmentation

• On the basis of product type :

  • Seeds
  • Husk
  • Husk Powder
  • Industrial Powder

• On the basis of origin :

  • Organic
  • Conventional

• On the basis of the application :

  • Dietary Supplements
  • Healthcare
  • Pharmaceuticals
  • Animal Feed
  • Cosmetics and Personal Care
  • Industrial Purposes

• On the basis of Regions :

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)