Konjac Market Size, Share, Growth and Report 2024-2032

Konjac Market

The latest report by IMARC Group, titled “Konjac Market Report by Product Type (Gum, Flour, Dietary Fiber, Sponge), End Use Industry (Food and Beverages, Pharmaceutical, Cosmetics), Distribution Channel (Supermarket and Hypermarket, Specialty Stores, Online Channels, and Others), and Region 2024-2032“, The global konjac market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.

Factors Affecting the Growth of Konjac Industry:

  • Increasing Demand for Healthier Food Options:

The konjac market has experienced significant growth due to the increasing demand for healthier food options among consumers worldwide. As individuals become more health-conscious, they are actively seeking out foods that are low in calories, sugar, and fat while still providing nutritional benefits. Konjac, a plant-based ingredient derived from the root of the konjac plant, fits these criteria perfectly. One reason for the rising popularity of konjac is its high fiber content. Konjac fiber, also known as glucomannan, is renowned for its ability to absorb water and form a gel-like substance in the digestive tract. This unique property makes konjac an excellent ingredient for promoting feelings of fullness and satiety, aiding in weight management, and regulating blood sugar levels.

  • Expansion of the Vegan and Plant-Based Food Industry:

Another significant factor driving the konjac market is the expansion of the vegan and plant-based food industry. With the rising popularity of plant-based diets driven by concerns about animal welfare, environmental sustainability, and personal health, there has been a growing demand for alternative ingredients and meat substitutes. Konjac has gained traction in the vegan and plant-based food sector due to its unique texture and ability to mimic the mouthfeel of meat. In particular, konjac-based products such as vegan meat alternatives, including burgers, sausages, and meatballs, have become increasingly popular among consumers looking for cruelty-free and environmentally friendly options.

  • Growing Awareness about Asian Cuisine and Ingredients:

The growing awareness and popularity of Asian cuisine and ingredients have also played a significant role in driving the konjac market. Konjac has been a staple in Asian diets for centuries, particularly in countries such as Japan, China, and Korea, where it is commonly used in traditional dishes such as konjac noodles (shirataki), konjac jelly, and konjac cakes. As global interest in Asian cuisine continues to grow, fueled by factors such as globalization, travel, and the influence of social media, there has been a corresponding increase in demand for Asian ingredients such as konjac in international markets. Moreover, the rise of Asian fusion cuisine, which blends traditional Asian flavors and ingredients with culinary techniques from other regions, has further propelled the popularity of konjac outside of Asia. Chefs and food enthusiasts worldwide are incorporating konjac into innovative recipes and dishes, showcasing its versatility and adaptability in diverse culinary contexts.

Competitive Landscape with Key Player:

  • Andi-Johnson Group
  • Baoji Konjac Chemcial Co. Ltd.
  • Ishibashiya Co. Ltd.
  • Kalys SA
  • NOW Foods
  • Slendier
  • The Konjac Sponge Company

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/konjac-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

  • Gum
  • Flour
  • Dietary Fiber
  • Sponge

Flour dominates the market due to its versatility and wide range of applications in various food products, including baked goods, noodles, and snacks.

Breakup by End Use Industry:

  • Food and Beverages
  • Pharmaceutical
  • Cosmetics

Food and beverages hold maximum number of shares due to the widespread incorporation of konjac as a key ingredient in various food products, ranging from noodles and snacks to beverages, driven by its health benefits and versatility.

Breakup by Distribution Channel:

  • Supermarket and Hypermarket
  • Specialty Stores
  • Online Channels
  • Others

Supermarket and hypermarket represent the largest segment due to their extensive reach, offering a wide variety of products including konjac-based items, catering to diverse consumer preferences under one roof.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific’s dominance in the konjac market is attributed to the historical consumption of konjac across the region in traditional cuisines and the continued demand for konjac-based products in countries such as Japan, China, and Korea.

Global Konjac Market Trends:

The global prevalence of obesity and chronic diseases such as diabetes and cardiovascular disorders has been steadily increasing, driving consumers to seek healthier dietary options. Konjac, with its low-calorie and high-fiber properties, has gained attention as a functional food ingredient that can aid in weight management and support overall health. As healthcare professionals and nutritionists emphasize the importance of dietary fiber in preventing and managing obesity and related conditions, the demand for konjac-based products as part of a healthy lifestyle is expected to rise. Additionally, the versatility of konjac as an ingredient has led to its widespread adoption across various segments of the food and beverage industry. From noodles and rice to snacks, desserts, and beverages, konjac can be incorporated into a wide range of products to enhance texture, improve nutritional profile, and extend shelf life. The continuous innovation and development of food industry of new konjac-based formulations, including ready-to-eat meals and functional beverages, are driving consumer interest and fueling market growth.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Konjac Market Size, Share, Growth and Report 2024-2032ultima modifica: 2024-04-26T11:21:24+02:00da imarcabhay

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