Konjac Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

  • Single User License $3500

Konjac Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

Status : January, 2023 | Food and Beverages

Report Digest

Konjac Market: Overview

Konjac market has gathered momentum on the back of keto lifestyle and low-carb diet. Consumers have been attracted by its nutritional value. A growing body of research has been focused on evaluating its effect lowering blood cholesterol levels. In various parts of the world, the Konjac market continue to intrigue populations, due to its interventional value in managing gut health and preventing constipation. In most countries, konjac is being adopted as thickener in various recipes, such as in Asia. The overall growing acceptance of its flavor has also propelled the demand in the konjac market. In developed regions of North America and Europe, konjac flour has gathered some steam. Apart from this, key product types in the konjac market are konjac powder, gum, flour, and dietary fiber.

The report provides a comprehensive and in-depth assessment of the opportunities and the factors driving these prospects in the global konjac market. Further, the study offers insights into what constitutes key trends influencing the demand in various end-use industries such as pharmaceutical and food and beverages. Another key application area is in agriculture.

Konjac Market: Competitive Landscape and Recent Developments

Several players in the konjac market are pinning hopes on prebiotic properties to spur sales in various regions. Several of them are also trying to enter the    dietary fiber segment with new flavors of konjac, after it has been approved by the Food and Drug Administration (FDA) to be generally recognized as safe (GRAS). Companies who want to earn a steady revenue stream in the konjac market, contend experts, should back their therapeutic claims through clinical studies. Top players are focusing on increasing the shelf life of konjac when used in food and beverages and biopharmaceuticals industry.

Some of the well-entrenched players trying relentlessly to tap into lucrative avenues in the konjac market are Shaanxi Jintai Konjac Industrial Development Co., Ltd, The Konjac Sponge Company, Hubei Yizhi Konjac Biotechnology Co. Ltd., Henan Xin Industry Co. Ltd., Shanghai Brilliant Gum Co. Ltd., and FMC Corporation.

Konjac Market: Growth Dynamics

The global konjac market has made strides on the back of its vast purported therapeutic benefits, propelling its use as ingredient or additive in pharmaceutical, food, beverages, and biopharmaceutical industries. Konjac has gained popularity due to its numerous physiological benefits. In recent slew of studies, interested stakeholders in the konjac market pin their hopes on its effect on modifying intestinal microbial metabolism. Rising usage as a stabilizer and thickener in biopharmaceuticals, chemicals, and food applications has reinforced the growth prospects of the konjac market.

Of all the industries, pharmaceutical has emerged as remarkable promising, and researchers around the world are optimistic about the role of konjac as one of the superfoods. However, increasing prices has led to the reduction of demand. It has dampened the demand in cost-sensitive markets. Research on the role of konjac on human health is boosting the market’s prospects. Growing range of dietary fiber ingredients is also fueling new avenues in the konjac market.

Konjac Market: Regional Outlook

On the regional front, Asia Pacific is emerging as lucrative market over recent years. This is due to the growing demand for plant-based functional additives in managing various health conditions. Meanwhile, North America and Europe have seen sizable revenue contributions. A large part of the growth has come from the uptake in the food and beverages industry. Key players are trying to tap into the potential of konjac as an additive in pharmaceutical in all top revenue generating regions.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?