There has been significant growth in the export of Psyllium Husk (Isabgol). As a result, India exported about USD 261.44 million worth of grain in the fiscal year 2020-21.
The leading importers of India’s Psyllium Husk are the US, Canada, UK, Germany, France, Belgium, Bangladesh, China, Japan, and Australia.
Market research shows that the psyllium husk market is expanding rapidly, with a CAGR of 6% forecasted to grow between 2020-2030.
The health benefits offered by the fibre led to the continuous growth in its usage in various dietary products. The food industry, like health drinks, bakery, ice cream, breakfast cereals, rice cake, and even instant noodle manufacturers, uses it.
The COVID-9 pandemic has also led to a boost in demand for psyllium husk. It is being used in pharmaceutical companies with the surge in demand for dietary supplements.
Being the leading producer and exporter of psyllium husk and psyllium husk powder, India is likely to benefit from the high demand for fibre globally. Therefore, the psyllium husk traders and farmers will continue to enjoy the growth while it is a good time to invest in the production of psyllium husk powder.
Currently, 99% of the global psyllium husk share is taken by the pure psyllium husk powder, which India is the leading exporter of.