If you’re a health food buff, you’ve probably heard about psyllium husk. But what’s its global demand? In this article, we’ll look at the market size, applications, and regional outlook. Read on to learn more about this dietary supplement’s market potential. In this article, we’ll explore the various uses and applications of psyllium husk, as well as its global demand.
Demand for Psyllium Husk
The global dietary supplement and natural pharmaceutical industry are driving the growth of the psyllium husk market. The growth of the market is anticipated to be fueled by rising awareness about the benefits of fibre-rich food products. Increasing awareness regarding organic fibre consumption improved health conditions, and the increasing prevalence of wheat intolerance is also driving growth in the region.
The global market for psyllium husk powder is expected to grow at a CAGR of 5.8% during the forecast period 2022-2029. Its growth is largely supported by India, which is the leading producer and exporter of the psyllium husk market, accounting for over 80% of global exports. India is also benefiting from favourable climatic conditions and the rise in demand for agricultural inputs and allied services.
Market Size of Psyllium Husk
In addition to a growing health-conscious population, the Asia-pacific region is another area with high demand for psyllium husk. This region is also home to fast-growing food industries and a growing aversion toward calorie-rich, processed foods. India is the leading producer of psyllium husk, accounting for 80% of its global production. Moreover, the region has become a major consumer of psyllium husk, as the governing bodies have banned the use of non-organic products in pharmaceutical manufacturing.
The industry is divided into three segments – powder, dust, and whole. Powder accounted for the largest share in the global market in 2021, with the potential to hold a share of more than 72% by 2022. Due to the growing popularity of healthy foods, psyllium husk has endless market potential. Further, it is an environmentally friendly food additive that helps farmers reduce the amount of gluten in grains.
What are Psyllium Husk Applications?
The market for dietary supplements containing psyllium husk is estimated to grow exponentially in the coming years, thanks to increased consumer awareness about its health benefits and the growing dietary supplement industry. Rising standards of living and increasing spending on health are also projected to drive market growth. In addition, rising e-commerce portals are anticipated to boost the demand for psyllium husk powder. Additionally, increasing awareness among consumers about the benefits of natural green products is projected to fuel market growth over the next few years.
Psyllium husk has several applications, from making dietary supplements to adding bulk to food products. In addition, it is a natural fibre that has good binding and sizing capabilities. Psyllium husk is disintegrated into compressed tablets and is often used as a substitute for agar-agar gel. Psyllium seed gum can also be used as a food additive for cattle and birds. The Plantago genus contains over 60% of the seed crop’s weight.
Competitive Landscape of Psyllium Husk
The competitive landscape for Psyllium Husk Powder is divided into regional and country-level segments, including North America, Europe, Asia-Pacific, the Middle East, South America, and Japan. Additionally, by analyzing the competitive landscape you can know regional and country-level sales figures, as well as the competitive landscape and market forecasts. All these insights will help you to identify lucrative market opportunities and develop your business strategy. You can also know the details about the market size, share, price trends, technological advancements, and competition, if you analyze the market of Psyllium husk, and also its future growth prospects.
The Bottom Line
The article provides an in-depth analysis of the Psyllium Husk market, including the market size and market of the manufacturer. In addition, it includes regional and country-level analysis of the industry, including the major drivers and challenges. It also tells about trends and future products to identify future market opportunities.
