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 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.
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The readability score of the Konjac Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Konjac market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Konjac along with key stakeholders as well as emerging players associated with the manufacturing of product.
Growth drivers:
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.
Konjac Market: Market Segmentation
- By Product Type :
- Gum
- Dietary fibers
- Konjac flour
- Gel
- Sponge
- By Applications :
- Food products
- Noodles
- Pasta
- Flour
- Fruit jelly
- Rice
- Pharmaceuticals
- Skin care products
- Sponge
- Gel
- Cream
- By End-use Industries :
- Food
- Pharmaceuticals
- Personal care and cosmetics
- Chemical
- Nutritional industry
- By Region :
- North America
- Latin America
- Europe
- CIS & Russia
- Japan
- APPEAL
- Middle East & Africa
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.
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Questionnaire answered in the Market outlook Report of Konjac include:
- What is the key strategy deployed by large players to maximize Konjac Market growth?
- What are the main challenges faced by players in the Konjac market Demand?
- With the advent of technological advancement, how will the Konjac market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Konjac market size?
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