Psyllium Market to be Worth US$ 679.39 Million by 2033
Mar 28, 2023
Rockville , June 07, 2023 (GLOBE NEWSWIRE) -- According to this new report by Fact.MR, a market research and competitive intelligence provider, the global psyllium market is forecasted to expand at a CAGR of 9.2% and reach US$ 679.39 million by the end of 2033. Increasing consumption of psyllium husk and seeds by various sectors, including pharmaceuticals, cosmetics & personal care, etc., is set to contribute to market growth opportunities over the coming years.
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Rising demand for nutraceutical foods and functional foods such as psyllium is predicted to positively impact market growth. Psyllium is becoming popular owing to its foaming properties. It also finds applications due to its medicinal properties to treat different diseases, including inflammatory bowel disease (IBD), diarrhea, cancer colon, and diabetes. Further, the market is also driven by the growing awareness of healthy eating, rising demand for herbal remedies, and changing lifestyles.
Psyllium is primarily known due to its nutraceutical properties. It's an herb that is used as a dietary fiber. Furthermore, dietary strands that are sourced from psyllium are used by consumers as pharmaceutical enhancements and food fixings to assist in weight control and diminish serum lipid levels. Psyllium is also helpful in controlling the level of glucose among diabetic patients.
Key Takeaways from Market Study
" Growing use of psyllium as a base in various personal care products is predicted to drive market growth. The food and refreshment industry also use s psyllium to enhanc e the fiber content of its products , " says a Fact.MR analyst.
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Key Companies Profiled in This Report
Gr owing Demand for Functional Foods and Nutraceuticals
There has been a noteworthy increase in the demand for psyllium because of its versatile properties and various applications. The rising traction for functional food varieties along with the growing demand for nutraceuticals, including psyllium, is predicted to generate lucrative opportunities for key players.
The psyllium market is expanding at a significant rate owing to the pharmacological and medicinal properties of its products. In the present world, psyllium is acting as one of the prominent therapies to cure multiple illnesses including, diabetes, colon diseases, provocative guts, and inflammatory bowel diseases (IBDs). Moreover, rising interest in natural cures along with increasing mindfulness toward solid eating habits is estimated to widen the horizon for industry players over the coming decade.
Key Market Players
Leading suppliers of psyllium are investing in product advancements, ensuring product quality. Prominent companies manufacturing psyllium are Gayatri Psyllium Industries, Balisana Isabgol, JYOT Overseas Pvt. Ltd., Ispasen Remedies, Metamucil, Nature's Way, Premcem Gums Pvt. Ltd., NOW Foods, K V Agro Products Ltd., Natren, Psyllium Labs LLC, Rainbow Light, Shubh Psyllium Industries, Shree Mahalaxmi Psyllium Pvt. Ltd., and Satnam Psyllium Industries.
Segmentation of Psyllium Industry Research Report
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the psyllium market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights into the market based on product type (seeds, husks), form (powder, capsules, granules, wafers), origin (organic, non-organic), and application (dietary supplements, healthcare, pharmaceuticals, animal feed, cosmetics & personal care, industrial), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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