Psyllium-based Supplements Market 2023- Global Industry Share, Revenue, Growth Strategies, Key Players, Business Challenges and Future Outlook till 2033: SPER Market Research
Soluble fibre psyllium is mostly utilised in products like Metamucil as a mild bulk-forming laxative. Its source is Plantago ovata, an herb that resembles a shrub and grows all over the world. Psyllium husks’ soluble fibre has the potential to reduce cholesterol. Psyllium is used to treat irritable bowel syndrome, haemorrhoids, and other digestive issues. It can help reduce both constipation and diarrhoea. Additionally, psyllium has been used to assist diabetics control their blood sugar levels. Psyllium husk expands and transforms into a substance resembling gelatine when it comes into contact with water, which aids in the passage of waste through the digestive system. While some large-scale population-based studies support the idea that consuming more fibre may lower the risk of colon cancer, other research has shown contradicting results.
According to SPER market research, Psyllium-Based Supplement Market – By Form, By Customer Orientation, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Market is predicted to reach USD 3.0 billion by 2033 with a CAGR of 7.53%.
One of the main reasons propelling the market’s expansion is the considerable rise in the increasing awareness of the importance of digestive health has driven the demand for dietary Fibers, and psyllium is recognized for its effectiveness in promoting regular bowel movements and relieving constipation. Psyllium’s ability to promote a feeling of fullness and support weight management goals has contributed to its inclusion in dietary supplements targeting individuals looking to control or lose weight. Also, the growing popularity of vegan and gluten-free diets has also contributed to the increased demand for psyllium seeds as a natural binder and bulking agent in various food products.
The global psyllium-based supplement market has faced certain challenges. Its supplements may not be as widely known as some other dietary Fibers. Educating consumers about the benefits, uses, and proper dosage of psyllium supplements is a challenge for manufacturers. he markets for dietary supplements, including psyllium-based products, is highly fragmented with numerous brands and products. Building brand recognition and differentiating products in a crowded market pose challenges.
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Impact of COVID-19 on Psyllium-based Supplement Market
The impacts of COVID-19 have influenced the dietary supplement market due consumer awareness of health and wellness. Various disruptions were experienced by supply chains that affected the product availability and pricing. But, there were fast growth of e- commerce which got better during lock downs and social distancing but this impacted the offline retailers.
Psyllium-based Supplement Market key players
Geographically, India is one the leading producers of psyllium worldwide and also the products are being extensively used in home remedies as a laxative to help stimulate digestion. Key players of this market include Dabur India, organic India etc.
Psyllium-based Supplement Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Form: Based on the Form, Global Psyllium-based Supplement Market is segmented as; Powder, Capsules.
By Customer Orientation: Based on the Customer Orientation, Global Psyllium-based Supplement Market is segmented as; Adult, Pediatric, Geriatric.
By Distribution Channel: Based on the Distribution Channel, Global Psyllium-based Supplement Market is segmented as; Store-based Retailing, Online Retailing.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Psyllium-based Supplement Market Share
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