Press release
Konjac Market projecting a market value of US$ 1.69 Bn. with a robust CAGR of 6.95% during the period 2023-2029
Konjac Market
Konjac, an Asian herb plant known for its starchy root called corm, is witnessing substantial market growth, driven by the rising consumption of low-calorie and carbohydrate goods. The herb, particularly its glucomannan-rich corm, is utilized in various applications, ranging from dietary supplements to gluten-free bread thickening. The market is further boosted by the increasing popularity of konjac products in the cosmetics sector and its recognized health benefits, including cholesterol management and weight loss.
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Konjac Market Regional Insights:
The Asia Pacific region, particularly due to the significant presence of konjac product exporters, is expected to witness remarkable growth. Indonesia International Konjac plays a vital role in the region's growth, with Japanese delicacies like shirataki and konjac noodles gaining popularity.
Konjac Market Dynamics:
The rise in health-conscious consumers, coupled with the demand for natural-based products, acts as a driving force. However, the impact of rising manufacturing costs leading to increased prices of konjac products may pose a challenge to market players' profit margins.
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Konjac Market Segmentation:
The Konjac market is intricately segmented to provide a nuanced understanding of its diverse dynamics. In terms of Form, the market is further classified into Gum, Dietary fibers, Konjac flour, Gel, and Sponge. Notably, Konjac flour is anticipated to experience rapid growth due to its expanding applications in the food & beverage and pharmaceutical industries. This segment's versatility in gluten-free bread thickening and its incorporation in high-fiber flours and jellies contribute significantly to its projected ascent throughout the forecast period.
On the other hand, the market's End-user segmentation encompasses Food, Pharmaceuticals, Personal care and cosmetics, Chemical, and Nutritional industry. The food industry emerges as a primary end-user, propelled by the widespread use of Konjac in thickening, as an additive, and a key food ingredient. The pharmaceutical sector is witnessing a surge in demand, driven by the unique health benefits of Konjac, such as strengthening the immune system. Government support, including FDA endorsements for Konjac in various foods and medications, further positions pharmaceuticals as a prominent end-user, promising sustained growth in the market.
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Konjac Market Key Players:
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
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Table of content for the Konjac Market includes:
1.Global Konjac Market: Research Methodology
2.Global Konjac Market: Executive Summary
• Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry
3.Global Konjac Market: Competitive Analysis
• MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact
4.Company Profile: Key players
• Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations
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