Konjac Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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