Konjac Market
Konjac Market Share & Trends Analysis, By Product Type (Gum, Dietary fibers, Konjac flour), By Application (Food Products, Pharmaceuticals, Skincare products), By End-use (Food, Pharmaceuticals, Personal care, and cosmetics) & By Region Forecast - Global Review 2022 to 2032
Analysis of Konjac Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Konjac Market Outlook (2022 to 2032)
Konjac is a suitable diet meal since it has a large amount of fiber, nearly few calories, and glutin. Due to its high thickening and emulsifying properties, konjac containing glucomannan is primarily used as a food additive in products like fruit juices, jams, pasta, noodles, and others. It is also used as a nutritional supplement to prevent various health issues, including obesity, high cholesterol, constipation, diabetes, acne, and others. Due to its widespread use across numerous industries, konjac demand has seen a significant increase over the past few years and is predicted to increase significantly over the coming years.
The starchy corm of the plant, which is extremely rich in the dietary fiber glucomannan, is what gives the plant its name. About 40% of the glucomannan gum used as a dietary supplement and an ingredient in high-fiber flours and jellies can be found in the dried corm of the konjac plant.
The konjac market is anticipated to grow with a CAGR of 7.1% in the forecast period. The market is expected to expand and cross a valuation of USD 2101.08 Million by 2032. The market is at present valued at USD 1058.15 Million in 2022.
Report Attributes |
Details |
|
Market size (2022 A) |
USD 1058.15 Million |
|
Base Year for Estimation |
2022 |
|
Forecast duration for this research |
2022-2032 |
|
Forecasted Market value (2032 F) |
USD 2101.08 Million |
|
Global Market Growth rate (2022-2032 E) |
CAGR of 7.1% |
|
Key Companies Profiled |
|
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What are the drivers for the growth of this market?
Consumers, nowadays, have become very conscious about their health and thus, have also become very particular about the food products they consume. Konjac fibers have been used in the APAC region for several years as traditional medicine. Konjac food products, such as flour, pasta, noodles, fruit jelly, and others, offer enormous health benefits, such as diabetes management, weight loss, cholesterol control, constipation, detoxification, cough, and acne.
The demand for Konjac products is also increasing on account of its prebiotic properties which help in improving intestinal functioning, integrity, and immune system. Other than its health benefits, konjac also exhibits thickening, stabilizing, food gelation, and emulsification properties.
Konjac powder is also used as an alternative to seafood in vegan food. Konjac flour is expected to witness strong growth over the forecast period on account of its increasing application scope in the food & beverages and pharmaceutical industries. Considering these diversified properties and benefits, the market potential for this plant is likely to be significant.
What are the challenges ahead of manufacturers in this industry?
Despite probiotic properties attracting customers to adopt it as part of diets, the high cost of these products affects penetration among customers. The rise in prices of products is effective of the increased cost of production which is likely to affect the margin profit of firms in the forecast period. This is anticipated to restrain the market in the upcoming time.
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What are the opportunities in the market?
Propelling health concerns have been driving the market growth of these products over the past few years. Konjac products have resulted in strong demand for this from healthy foods, pharmaceuticals, food additives, and pet feed sectors in European and American countries.
The potential for the growth of the Konjac market is quite high, owing to its diverse applications, properties, and several health benefits. These plants can be easily grown in various environments. At present, the plant and its products are generally grown and produced in the APAC region. However, due to the increasing demand for high-fibrous, low-calorie, and low-gluten products, there are enormous opportunities for companies worldwide to grow significantly in the Market.
Segment wise Insights
On the basis of the end-user industry, the food and beverage sector is accounted for a major share of the market. The medical application of this plant is likely to boost the pharmaceutical industry. Due to the specific qualities and health benefits of this plant is anticipated to increase consumption in upcoming years. Furthermore, there is significant government support available in this domain which is likely to increase the inclusion of its usage in the food segment.
On the basis of product type, the flour segment dominates in market share at present. This dominance is due to the multivariate applications of flour in the medicines and food sector. This flour is preferred for longer shelf life. The keenness of people towards diet is now increasing than ever before which fuel up demand for healthy food options.
Based on the distribution channels, Supermarkets are dominant in the sector with the highest share. The hypermarkets provide customers variety of in-store options with assistance from salespersons. This facilitation was likely to increase store preferences in the upcoming period. The perishability of plants is another criterion for which consumers prefer visiting stores to buy them. However online sales are anticipated to gain traction owing to a rise in doorstep delivery amenities and penetration of online order applications.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Regional Outlook
Asia Pacific is the dominant region in terms of the market. Japan is dominant in terms of demand for konjac owing to its inclusion in the diet of people. This market is estimated to increase demand for food sector usage of konjac in upcoming years. However, the high prices of this plant have recently declined demand for gel products. Innovation in food products and additives is anticipated to increase their share in North America and Europe in the forecast period.
Konjac Market: Market Segmentation
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By Product Type :
- Gum
- Dietary fibers
- Konjac flour
- Gel
- Sponge
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By Applications :
- Food products
- Noodles
- Pasta
- Flour
- Fruit jelly
- Rice
- Pharmaceuticals
- Skin care products
- Sponge
- Gel
- Cream
- Food products
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By End-use Industries :
- Food
- Pharmaceuticals
- Personal care and cosmetics
- Chemical
- Nutritional industry
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By Region :
- North America
- Latin America
- Europe
- CIS & Russia
- Japan
- APEJ
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Applications 6.3. End-Use Industries 7. Global Market Analysis and Forecast, By Product Type 7.1. Gum 7.2. Dietary fibers 7.3. Konjac flour 7.4. Gel 7.5. Sponge 8. Global Market Analysis and Forecast, By Applications 8.1. Food products 8.2. Pharmaceuticals 8.3. Skin care products 9. Global Market Analysis and Forecast, By End-Use Industries 9.1. Food 9.2. Pharmaceuticals 9.3. Personal care and cosmetics 9.4. Chemical 9.5. Nutritional industry 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Applications, and End-Use Industries for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Hubei Yizhi Konjac Biotechnology Co. Ltd 20.2. Zeroodle 20.3. Miracle Noodle 20.4. NAH Foods 20.5. IHerbs 20.6. Slendier 20.7. Shanghai Brilliant Gum Co. Ltd 20.8. Henan Xin Industry Co. Ltd. 20.9. Baoji Konjac Chemical Co. Ltd. 20.10. NOW Foods
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Applications
Table 4: Global Market US$ Mn Forecast by End-Use Industries
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Product Type
Table 7: North America Market US$ Mn Forecast by Applications
Table 8: North America Market US$ Mn Forecast by End-Use Industries
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by Applications
Table 12: Latin America Market US$ Mn Forecast by End-Use Industries
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by Applications
Table 16: Western Europe Market US$ Mn Forecast by End-Use Industries
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by Applications
Table 20: Eastern Europe Market US$ Mn Forecast by End-Use Industries
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Product Type
Table 23: East Asia Market US$ Mn Forecast by Applications
Table 24: East Asia Market US$ Mn Forecast by End-Use Industries
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Applications
Table 28: South Asia & Pacific Market US$ Mn Forecast by End-Use Industries
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by Applications
Table 32: MEA Market US$ Mn Forecast by End-Use Industries
Table 33: Latin America Market US$ Mn Forecast by Country
Table 34: Latin America Market US$ Mn Forecast by Product Type
Table 35: Latin America Market US$ Mn Forecast by Applications
Table 36: Latin America Market US$ Mn Forecast by End-Use Industries
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 33: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 34: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 35: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industries
Figure 36: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the present market size of konjac industry?
The market is at present valued at USD 1058.15 Million in 2022.
What is the anticipated rate of growth in this market?
The market is anticipated to grow with a CAGR of 7.1% in the forecast period.
What is the future outlook for this market?
The market is expected to expand and cross a valuation of USD 2101.08 Million by 2032.
Which region dominates in this market?
Asia Pacific region dominates the market led by Japan and China.
Who are the companies in the mainstay?
The key companies in this market- • Miracle Noodle • NAH Foods • IHerbs • Slendier • Shanghai Brilliant Gum Co. Ltd • Henan Xin Industry Co. Ltd.
Konjac Market