When will isabgole demand come back in 2024 or 2025

Question

अनुराग गुप्ता · Accepted Answer

In the Indian market, the demand for isabgol has been increasing steadily due to its health benefits, especially for digestive health. India is the largest producer and exporter of isabgol, and the global market relies heavily on Indian exports. The domestic market for isabgol is projected to keep growing as more consumers become aware of its uses in dietary fiber supplements and wellness products.

By 2024-2025, the isabgol market is expected to grow at a CAGR of approximately 7-8%, fueled by demand in the food and pharmaceutical sectors. The Indian isabgol market, which was valued at around ₹400-450 crore in 2023, is projected to expand due to both rising local consumption and increasing export opportunities to countries like the U.S., Germany, and other European nations

This growth is also supported by government initiatives that promote exports and encourage sustainable agricultural practices for psyllium production.