Psyllium Seeds Market Trends and Forecast
The future of the global psyllium seeds market looks promising with opportunities in the food & beverage, pharmaceutical, animal feed, and cosmetic markets. The global psyllium seeds market is expected to reach an estimated $0.44 billion by 2030 with a CAGR of 3.6% from 2024 to 2030. The major drivers for this market are growing popularity of fiber-rich diets & supplements, rising demand for natural & safe laxative products, and expanding use of psyllium in gluten-free & functional foods.
• Lucintel forecasts that food grade is expected to witness higher growth over the forecast period.
• Within this market, food & beverage is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Psyllium Seeds Market
• India: The government has launched initiatives to increase psyllium seed production through farmer training programs.
• United States: Metamucil announced plans to expand its product line with new psyllium-based supplements.
• Germany: A German nutraceutical company introduced organic psyllium seed products to meet growing consumer demand.
• Australia: Australian health authorities have set targets to promote psyllium seed usage in dietary guidelines for better digestive health.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Psyllium Seeds Market by Segment
The study includes a forecast for the global psyllium seeds market by type, application, and region.
Psyllium Seeds Market by Type [Value from 2018 to 2030]:
• Food Grade
• Feed Grade
Psyllium Seeds Market by Application [Value from 2018 to 2030]:
• Food & Beverages
• Pharmaceuticals
• Animal Feed
• Cosmetics
• Others
Psyllium Seeds Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Psyllium Seeds Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies psyllium seeds companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the psyllium seeds companies profiled in this report include-
• Keyur Industries
• Atlas Industries
• JYOT Overseas
• Abhyuday Industries
• Satnam Psyllium Industries
• Rajganga Agro Product
• Shree Mahalaxmi Psyllium
• Ispasen Remedies
• Jyotindra International
• Shubh Psyllium Industries
Recent Development in the Psyllium Seeds Market
• Procter & Gamble: Procter & Gamble, the maker of Metamucil, has announced the launch of new psyllium-based gummies aimed at providing an easier and more palatable way for consumers to incorporate fiber into their diets.
• NOW Foods: NOW Foods has expanded its line of dietary supplements to include organic psyllium husk powder, targeting health-conscious consumers seeking natural and organic fiber sources.
• HealthPlus Inc.: HealthPlus Inc. has initiated a marketing campaign to promote its psyllium-based products as effective solutions for digestive health, focusing on the benefits of natural fiber intake.
• Nature’s Bounty: Nature’s Bounty has introduced a new range of psyllium fiber supplements in capsule form, catering to consumers looking for convenient and easy-to-swallow options.
• Husk Power Systems: Husk Power Systems has developed a new processing plant in India to increase the efficiency of psyllium seed processing, aiming to meet the rising global demand for psyllium products.
Features of the Global Psyllium Seeds Market
Market Size Estimates: Psyllium seeds market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Psyllium seeds market size by type, application, and region in terms of value ($B).
Regional Analysis: Psyllium seeds market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the psyllium seeds market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the psyllium seeds market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the psyllium seeds market size?
Answer: The global psyllium seeds market is expected to reach an estimated $0.44 billion by 2030.
Q2. What is the growth forecast for psyllium seeds market?
Answer: The global psyllium seeds market is expected to grow with a CAGR of 3.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the psyllium seeds market?
Answer: The major drivers for this market are growing popularity of fiber-rich diets & supplements, rising demand for natural & safe laxative products and expanding use of psyllium in gluten-free & functional foods.
Q4. What are the major segments for psyllium seeds market?
Answer: The future of the psyllium seeds market looks promising with opportunities in the food & beverage, pharmaceutical, animal feed, and cosmetic markets.
Q5. Who are the key psyllium seeds market companies?
Answer: Some of the key psyllium seeds companies are as follows:
• Keyur Industries
• Atlas Industries
• JYOT Overseas
• Abhyuday Industries
• Satnam Psyllium Industries
• Rajganga Agro Product
• Shree Mahalaxmi Psyllium
• Ispasen Remedies
• Jyotindra International
• Shubh Psyllium Industries
Q6. Which psyllium seeds market segment will be the largest in future?
Answer: Lucintel forecasts that food grade is expected to witness higher growth over the forecast period.
Q7. In psyllium seeds market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the psyllium seeds market by type (food grade and feed grade), application (food & beverages, pharmaceuticals, animal feed, cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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