Press release
Psyllium Husk Powder are forecasted to reach US$ 2.16 billion by the end of 2034
Psyllium Husk Powder
Psyllium, derived from the seeds of Plantago ovata, serves as a soluble fiber widely employed as a dietary addition. Available in multiple forms like husk, granules, and capsules, it is commonly integrated into breakfast cereals and baked items.
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The growing focus on preventive healthcare and the increased spending on supplements promoting well-being, especially in developing nations, has positively impacted the market.
These supplements aid in maintaining cholesterol levels, reducing stress, and supporting the digestive system. Sales of psyllium husk powder are growing due to the rising demand for natural products.
Key Segments of Psyllium Husk Powder Market Research Report
By Nature : Organic, Conventional
By End Use : Food & Beverages, Pharmaceuticals, Retail/Household
By Sales Channel : Store-based, Online
By Customer Orientation : Adults, Pediatrics, Geriatrics
By Region : North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East & Africa (MEA)
Key Takeaways from Market Study:
The global market for psyllium husk powder was valued at US$ 785.2 million in 2019.
Sales of psyllium husk powder are projected to rise at a CAGR of 7% from 2024 to 2034.
The market in North America is forecasted to increase at a CAGR of 6.3% from 2024 to 2034.
The South Korean market is projected to expand at a CAGR of 8.3% over the next 10 years.
In 2024, China is estimated to account for 71.3% share of the East Asian market.
Online sales of psyllium husk powder are projected to increase at a CAGR of 7.5% from 2024 to 2034.
The adults segment is estimated to account for 41.84% share of the market in 2024.
The store-based retailing segment is estimated at US$ 820 million in 2024.
Rising Investments in R&D to Develop Innovative Formulations
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The psyllium husk powder market is expanding as producers integrate it into various products like cereals, baked goods to meet diverse consumer preferences. Factors such as consumer education, dietary shifts, regulations, and agricultural output are influencing the psyllium husk powder market growth.
Consumers are becoming more health-conscious and actively seeking natural, fiber-rich products like psyllium husk powder to bolster digestive health and overall well-being. Companies are investing in research and development to create novel formulations and products containing psyllium husk powder to align with changing consumer demands. With the increasing popularity of psyllium husk powder, competition among manufacturers and suppliers is rising, prompting efforts to distinguish products based on quality, purity, and effectiveness.
Competitive Landscape:
Key players are actively expanding their product portfolios and forging strategic alliances to bolster their market presence on a global scale. Notable manufacturers in this sector include Yerba Prima, NOW Foods, Organic India, Konsyl Pharmaceuticals, Metamucil, JYOT Overseas Pvt. Ltd., Herbs India, Glanbia Nutritionals, Satnam Psyllium Industries, Shubh Psyllium Industries
Recent News
JYOT Overseas Pvt. Ltd. prioritizes providing organic psyllium products at competitive prices, aiming to attract customers, especially amidst the growing demand for organic goods in the United States and Europe.
Source Naturals, Inc. employs advanced technology and maintains an in-house quality control team and laboratory to uphold the utmost standards of quality and safety for its psyllium husk powder products.
Read More - https://www.globenewswire.com/news-release/2024/03/14/2846149/0/en/Psyllium-Husk-Powder-Market-to-Cross-US-2-16-Billion-at-7-CAGR-by-2034-States-Fact-MR.html
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