Konjac Market – Global Industry Analysis and Forecast Analysis (2023-2029)

The Konjac Market is expected to reach US$ 1.69 Bn., with a CAGR of 6.95% for the period 2023-2029.
Konjac Market Definition:
Konjac is an Asian herb plant with a starchy root called corm that is high in glucomannan, a type of dietary fiber. The dried corm of the konjac plant contains about 40% glucomannan gum, a dietary supplement as well as an ingredient in high-fiber flours and jellies. This herb is used for a variety of purposes in traditional Chinese medicine, including as a substitute for gelatin and as a dietary supplement for cholesterol management and weight loss.To know about the Research Methodology :- Request Free Sample Report
Konjac Market Dynamics:
The rise in consumption of low-calorie and carbohydrate goods like shirataki noodles, as well as rising health-conscious customers, are driving the konjac market forecast. Amorphophallus konjac flour is also gaining popularity as a gluten-free bread thickening. Konjac sponges are increasingly being employed in the cosmetics sector to meet the growing demand for natural-based products. Also, the growing popularity of konjac powder as a gentle face cleanser is help the industry's growth in the future.

Over the next seven years, rising demand for thickening, gelling, and stabilising agents is expected to support market growth. Because of its fat-burning qualities, konjac is also used to lower cholesterol levels and obesity risks in humans. Over the last few years, market growth has been driven by rising obesity cases and rising health concerns.

Significant demand for konjac flour from healthy foods, pharmaceuticals, food additives, and pet feeds in European and American countries has led to strong demand for konjac flour, which is expected to accelerate market growth over the next seven years. The demand for konjac products is also rising because of their prebiotic characteristics, which help in the improvement of gut function, integrity, and immune system. On the other hand, rising prices of konjac products as a result of rising manufacturing costs are expected to have an impact on market players' profit margins, limiting market growth in the future.
Konjac Market Segment Analysis:
The Konjac market is segmented into Form, Application, and End-user.

Based on the Form segment: The Konjac market is further sub-segmented into Gum, Dietary fibers, Konjac flour, Gel, and Sponge. Because of its increasing application breadth in the food & beverage and pharmaceutical industries, konjac flour is expected to rise rapidly throughout the forecast period.

Based on the End-use segment: The Konjac market is further sub-segmented into Food, Pharmaceuticals, Personal care and cosmetics, Chemical, and Nutritional industry. Because of its vast user base in this industry as a thickener, additive, and food ingredient, the food industry has been one of the primary end-uses of the market in recent years, and this trend is expected to continue over the next seven years. Due to unique features that provide health benefits such as a strengthened immune system, pharmaceuticals have emerged as the most common end-use. Also, significant government support, such as the FDA's support for the use of konjac in various foods and medications, is expected to boost the market's growth prospects.
Konjac Market Regional Insights:
Because of the significant presence of konjac product exporters in the region, especially Indonesia International Konjac, the Asia Pacific konjac sector is expected to grow at a spectacular rate through 2029. The increased popularity of Japanese delicacies like shirataki and konjac noodles has also contributed to the area industry's growth. This is because customers are beginning to embrace healthy eating and increasing their dining options beyond standard options.

However, due to rising pricing, sales of konjac gel foods have been dropping. FMC Corporation created a Konjac flour-based ingredient that has been used to promote konjac goods in Europe and North America, particularly in the United States.

The objective of the report is to present a comprehensive analysis of the global Konjac to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Konjac dynamics, structure by analyzing the market segments and project the Konjac size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Konjac make the report investor’s guide.
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Konjac Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.05 Bn.


Forecast Period 2023 to 2029 CAGR:
6.95%
Market Size in 2029:
US $ 1.69 Bn.


 Segments Covered:
by Form
Gum
Dietary fibres
Konjac flour
Gel
Sponge


by Application
Food products
Noodles
Pasta
Flour
Fruit jelly
Rice
Pharmaceuticals
Skin care products
Sponge
Gel
Cream


by End-user
Food
Pharmaceuticals
Personal care and cosmetics
Chemical
Nutritional industry



Konjac Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Konjac Market Key Players are:
1. Hubei Yizhi Konjac Biotechnology Co., Ltd
2. Zeroodle
3. Miracle Noodle
4. NAH Foods
5. IHerbs
6. Slendier
7. Shanghai Brilliant Gum Co. Ltd
8. Henan Xin Industry Co. Ltd.
9. Baoji Konjac Chemical Co., Ltd.
10.NOW Foods
11.FMC Corporation
12.Shaanxi Jintai Konjac Industrial Development Co., Ltd
13.The Konjac Sponge Company
14.Monkey King Food Co., Ltd,
15.Kalys S.A
16.Andi-Johnson Group
17.Others
Frequently Asked Questions:
1. Which region has the largest share in Konjac Market?
Ans: Europe held the largest share in 2022.

2. What is the growth rate of the Konjac Market?
Ans: The Konjac Market is growing at a CAGR of 6.95% during the forecasting period 2023-2029.

3. What segments are covered in Konjac market?
Ans: Konjac Market is segmented into Form, Application, End-user, and Region.

4. Who are the key players in Konjac market?
Ans: The important key players in the Konjac Market are - Hubei Yizhi Konjac Biotechnology Co., Ltd, Zeroodle, Miracle Noodle, NAH Foods, IHerbs, Slendier, Shanghai Brilliant Gum Co. Ltd, Henan Xin Industry Co. Ltd., Baoji Konjac Chemical Co., Ltd., NOW Foods, FMC Corporation, Shaanxi Jintai Konjac Industrial Development Co., Ltd, The Konjac Sponge Company, Monkey King Food Co., Ltd, Kalys S.A, Andi-Johnson Group, and Others.

5. What is the study period of this market?
Ans: The Konjac Market is studied from 2022 to 2029.