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.
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Psyllium is a natural fiber that is derived from the husks of the Plantago ovata plant. It is a popular dietary supplement for its many health benefits, including:
- Improved digestion: Psyllium is a bulk-forming laxative that can help to relieve constipation and other digestive problems.
- Lower cholesterol: Psyllium can help to lower LDL cholesterol levels, which can reduce the risk of heart disease.
- Lower blood sugar: Psyllium can help to lower blood sugar levels in people with diabetes.
- Weight loss: Psyllium can help to promote weight loss by increasing feelings of fullness and reducing calorie intake.
The global psyllium market is expected to reach $1.5 billion by 2025. The market is being driven by the increasing demand for natural and healthy products, as well as the growing awareness of the health benefits of psyllium.
The major players in the psyllium market are:
- Patanjali Ayurved Limited
- SunOpta Inc.
- Ruchi Soya Industries Ltd.
- Natural Factors, Inc.
- Nature's Bounty, Inc.
These companies are investing in research and development to develop new products and applications for psyllium. They are also expanding their production capacity to meet the growing demand for psyllium.
The psyllium market is segmented by:
- Product type: Psyllium husk, psyllium powder, and psyllium capsules.
- Formulation: Capsules, tablets, powders, and liquids.
- Application: Dietary supplements, food, and beverages.
- End-user: Adults, children, and pregnant women.
The psyllium husk segment is the largest segment of the market, accounting for over 60% of the market share. This is due to the fact that psyllium husk is the most effective form of psyllium for improving digestion.
The dietary supplements segment is the fastest-growing segment of the market, accounting for over 20% of the market share. This is due to the increasing demand for natural and healthy products.
The psyllium market is expected to grow at a CAGR of 7% from 2020 to 2025. The growth of the market is being driven by the increasing demand for natural and healthy products, as well as the growing awareness of the health benefits of psyllium.