Global Konjac Market

iCrowdNewswire   Jan 12, 2021  11:00 AM ET

Global Konjac Market Summary

In response to a latest market research revealed by Development Market Reviews (GMR), titled, “International Konjac Market by Product Sorts, By Features, By Purposes and Area: Dimension, Share, Developments and Alternative Evaluation, 2017-2027”, the market was valued at USD 2,069 Million in 2019 and is anticipated to develop at a development price of 8.3% by the 12 months 2027. The worldwide Konjac market is anticipated to develop owing to surge within the rise in demand for dietary meals, which contributes for the expansion of the market. The rising adoption of recent cuisines has led to the rise in demand for the konjac based mostly merchandise, thereby boosting the expansion of the market.

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The worldwide konjac market is fragmented based mostly on product varieties, by capabilities, by purposes and area. Primarily based on product varieties, the konjac market is segmented into konjac flour, dietary fibers, gum and gels, and others. Primarily based on capabilities, the konjac market is segmented into gelling brokers, thickener, movie former, emulsifier, stabilizer and others. Primarily based on utility, the market is classed as meals merchandise, prescribed drugs, chemical substances, and others. Primarily based on area, the worldwide konjac market is segmented into North America, Europe, Asia Pacific, Latin America and Center East & Africa (MEA). North America area is additional bifurcated into international locations reminiscent of US, and Canada. Latin America area is additional segmented into Brazil, Mexico, and Remainder of Latin America, Asia Pacific is additional segmented into, India, China, South Korea, Australia, Japan, and Remainder of Asia Pacific. The Europe area is additional categorized into U.Okay., France, Germany, Italy, Spain, Russia, and Remainder of Europe, and the MEA area is additional divided into Saudi Arabia, South Africa, UAE, and Remainder of Center East & Africa (MEA).

Within the 12 months 2020, the konjac market is anticipated to witness the sluggish development resulting from COVID 19 pandemic. In 12 months 2020, The market is anticipated to develop at year-on-year development price of 4.1% between 2019 and 2020 owing to Covid-19 scenario and slowdown within the financial actions. The shutdown of manufacturing actions, restrictions on transportation actions, are a number of the prime causes accountable for this market pattern. Nevertheless, the market is anticipated to develop at a gradual tempo in future. Improve in manufacturing and processing corporations together with growing demand for dietary dietary supplements and low-calorie meals merchandise world wide boosts the demand for the product.

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As per GMR trade analyst Akshay Udavant and Akshata Ahire, “The International Konjac market is anticipated to witness important development throughout forecast interval 2020-2027 pushed by pushed by development of the e-commerce trade which supplies alternatives for the native gamers to develop their presence via the warehouses and distribution amenities globally, which has resulted in a big enhance within the demand for konjac within the meals trade. Furthermore, the expansion of the retail retailer and grocery store chains is creating alternatives for native gamers out there.”.

Key Takeaways from the Research:

  • APAC accounts for a big of the market, adopted by North America. The market in APAC is projected to develop at quickest CAGR through the forecast interval.
  • When it comes to worth, the meals merchandise section is projected to extend at a considerable CAGR through the forecast timeline. Konjac is utilized in a number of meals merchandise, which contributes to the segmental development.

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Report Scope:

Report Metric

Particulars

Market Worth in 2019

USD 2,069 Million

Market Development Charge (from 2021 to 2027)

8.3%

Historic Knowledge

2017 & 2018

Base Yr

2019

Forecast Interval

2020 – 2027

Items Thought-about

Worth (US$ Million)

Market Segments

By Merchandise, By Features, By Purposes

Regional Scope

North America, Europe, Latin America, Asia Pacific, Center East & Africa (MEA)

Nation Scope

US., Canada, Brazil, Mexico, Remainder of Latin America, India, China, Japan, South Korea, Australia, South East Asia, Remainder of Asia Pacific, U.Okay., France, Germany, Italy, Spain, Russia, Remainder of Europe, Saudi Arabia, South Africa, UAE, and Remainder of MEA.

Key Firms Profiled

Aunutra Industries Inc., Baoji Konjac Chemical Co., Ltd, BLG, Henan Xin Business Co. Ltd., Hubei Yizhi Konjac Biotechnology Co., Ltd, Konjac Innov (NAH Meals), Miracle Noodle, NOW Meals, The Konjac Sponge Firm, Xi’an Yuensun Organic Know-how Co., Ltd., and Zeroodle

Customization Scope

Report customization out there on request

Pricing and Buy Choices

Avail tailored buy choices to fulfill your analysis necessities.

Goal Viewers:

  • Provide-side: Konjac producers, uncooked materials suppliers, main respondents, and distributors.
  • Demand Facet: Adults, Millennials, Youngsters, and so forth.
  • Regulatory Facet: Involved authorities authorities, industrial analysis & improvement (R&D) establishments, and different regulatory our bodies
  • Associations and Business Our bodies: Industrial analysis & improvement (R&D) establishments, Meals Security and Requirements Authority of India, Meals and Drug Administration, European Fee, and different regulatory our bodies

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About Us:
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At GMR, we offer our experience and guideline for achievement. Our workforce of environment friendly and skilled researchers and consultants present progressive market intelligence reviews which are correct, genuine, and in-depth. This empowers the shoppers to make well-informed selections.

Furthermore, we provide market intelligence research, guaranteeing related and fact-based analysis throughout a spread of industries together with chemical substances and supplies, vitality, car, healthcare, shopper items, and know-how. Our deep understanding of many enterprise environments throughout industries reminiscent of these talked about above permits us to ship tailored reviews.

Contact Data:

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