Konjac Market size is estimated to reach $2 billion by 2030, growing at a CAGR of 6.9% during the forecast period 2023-2030. konjac market was a growing industry with increasing popularity worldwide. Konjac, also known as Amorphophallus konjac, is a plant native to Asia, and its root is commonly used to produce a dietary fiber known as glucomannan.
konjac market was primarily driven by the rising demand for healthy and natural food products. Glucomannan, extracted from konjac root, is a water-soluble dietary fiber that has gained attention for its various health benefits, including weight management, blood sugar regulation, and cholesterol reduction.
The konjac market is segmented by product type, application, and region. The product type segment is further divided into konjac flour, konjac noodles, konjac jelly, and konjac capsules. The application segment is divided into food and beverage, dietary supplements, and personal care. The region segment is divided into North America, Europe, Asia Pacific, and Latin America.
Konjac Market Current and Future Trends
Konjac is a plant with a starchy corm that is high in glucomannan, a type of dietary fiber. The dried stem of the konjac plant contains approximately 50% glucomannan gum, which is used as a nutritional supplement and in high-fiber flours and jellies.
North America secured the highest revenue share, surpassing 45.2% in 2023. The primary impetus behind this market dominance is the escalating concerns regarding animal welfare within the food industry and its detrimental ecological effects. Additionally, the United States boasts a substantial population of individuals with lactose intolerance, a factor significantly propelling the demand for alternative dairy products.
konjac market the product type forecast for 2023 revealed that the flour segment held the largest share. Konjac flour finds diverse applications in both the food and medicinal sectors, distinguished by its remarkable attributes. These include an extended shelf life, exceptional water-binding capacity, the capability to prevent syneresis, and the capacity to impede crystal development. Konjac flour is poised for rapid growth in the foreseeable future, driven by its expanding range of applications in the food and beverage as well as medicinal industries.
The increasing demand for konjac in Asia Pacific: Asia Pacific is expected to be the fastest-growing market for konjac in the coming years. This is due to the growing popularity of vegan and gluten-free diets in this region.
The rising popularity of konjac noodles: Konjac noodles are a low-calorie, low-carb alternative to traditional noodles. They are made from konjac flour, which is a type of water-soluble dietary fiber. Konjac noodles are a popular choice for weight loss and weight management.
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Konjac Market Report – Scope:
- Konjac Market has been segmented by Product Types Flour, Dietary Fibers, Gum & Gel, And Others, by Functions Gelling Agent, Thickener, Film Former, Emulsifier, Stabilizer, And Others, by Application Food Products, Pharmaceuticals, Chemical And Others and geography. The report provides insights into the market dynamics, including market drivers and challenges.
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- The competitive landscape section features company profiles of major players such as Hubei Yizhi Konjac Biotechnology Co., Ltd and Zeroodle. This report is a valuable source of guidance and direction for companies and individuals interested in the market.
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- Hubei Yizhi Konjac Biotechnology Co., Ltd
- Konjac Innov
- Miracle Noodles
- NAH Foods
- Shanghai Brilliant Gum Co.,Ltd
- Ishibashiva
- Boston Scientific Corporation
- Baoji Konjac Chemicals Co., Ltd
- NOW Foods
- FMC Corporation
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