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Glucomannan Market Trends 2017 – 2024, Industry Analysis Report & Forecast

04-14-2017 03:57 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Glucomannan Market Trends 2017 – 2024, Industry Analysis

Glucomannan Market size is set to witness a substantial growth in the forecast period on the account of its extensive usage as a food additive and for thickening and blending. The product is a water soluble polymeric carbohydrate, measured as a dietary fiber.

The product is widely used as a weight management supplement making it a major driver for the global glucomannan market. Increasing occurrences of obesity and associated diseases throughout the world, especially in North America, will have a positive impact on the industry.

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Glucomannan market demand is also driven by its use as a nutritional supplement for events such as type 2 diabetes, acne vulgaris, high cholesterol, and constipation. It helps in improving the blood sugar levels in people suffering from diabetes. Also, it helps in the bowel health issues and reducing the cholesterol levels. Due to these major uses the glucomannan market demand worldwide is expected to witness a robust growth over the estimated timespan.

The product is mainly used in the form of flour or powder with an excellent thickening property and is used in various canned meat products. The demand for such canned meat products is increasing in the market as it serves the convenience of the customers. Increasing busy schedule of dual income families and the ease of consuming canned food will augment the global glucomannan market growth.

Glucomannan market growth may face hindrance due to its high cost as it is made from the roots of the konjac plant. The product also has several health adversaries as sudden increase in the dosage amount may cause gastrointestinal side effects.

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Global glucomannan market is classified on the basis of its application based on the use of glucomannan as a thickening and emulsifying agent in several food products. These include sweets such as jellies, gummies, chocolates, and candies; beverages such as soups, soft drinks and fiber drinks; products, cakes, ice creams, pastries; honey spreads and fruit spreads, pet foods and other frozen foods.

Glucomannan market can also be segmented on end user basis in weight management supplement for weight loss programs and curing obesity, and in pharmaceuticals for curing high diabetes, skin diseases, high cholesterol, etc. Prevalence of diabetes has risen to 8.5% in 2014 from 4.7% in 1980 and had an estimated death toll of 1.5 million in 2012. Growing demand for anti-diabetic medication to avoid the dismal consequences will propel the global glucomannan market in the estimated timespan.

The glucomannan market can be globally divided by primary regions which include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among all these regions, North America glucomannan market is most prominent, followed by the Asia Pacific region. High number of obese population in North America and their constant requirement for medication will bolster the regional industry in the next few years.

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Some of the major players of the glucomannan market include multinational companies such as Green Fresh Group, FMC Biopolymer, Precision Nutrition Inc., TIC Gums Inc., Baoji Konjac Chemicals Company Ltd., Kowa India Pvt. Ltd., Greenutra Resource Inc., AuNutra Industries Inc. and Konjac Foods to name a few. These key competitors are expected to go through business expansions by widening their product portfolio with constant R&D activities to mitigate the adverse effects of the product.

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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