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Konjac Market Size, Share, Growth, Industry & Revenue [2030]

Global Konjac Market

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Segments - 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 Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027

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259 Pages

2020-10-01
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Author :

Anuradha B. More

Fact-checked by :

Vaibhav Chandola

Editor :

Aman Singh

Report Description

Konjac Market Outlook

The global konjac market size was valued at USD 2,069 Million in 2019 and is projected to reach USD 3,711 Million by 2027, expanding at a CAGR of 8.3% during the forecast period, 2020-2027. Konjac is obtained from the plant Amorphophallus konjac. The konjac plant consists 40% glucomannan, which is extracted from the tubers.

Konjac is a popular plant in parts of Japan, South Korea, and China. Glucomannan is composed of long-chain carbohydrates, and are considered as fibers, which are difficult to digest. Glucomannan helps reduce cholesterol and blood pressure. Konjac plant is a tuber. The tuber finds its application in food preparation, including pasta, noodles, and flours.

Additionally, Konjac is used as a thickening agent in the food industry and several traditional medicines. Rising awareness among consumers regarding the health benefits of dietary fibers has led to the rise in the adoption of konjac as a dietary supplement, which is one of the significant applications of the konjac plants.

These plants are used for the manufacturing of several medicines, including the supplements for dietary fiber, capsules, gels, and others. The adoption of konjac has grown in food such as pastas, noodles, and ice creams. Konjac reduces cholesterol, which is a significant advantage of using konjac.

The konjac provides the essential nutritional balance in food, and is used for stabilizing blood sugar. It is used as a prebiotic. Konjac promotes the growth of the healthy gut bacteria, which improves digestion and functions of the intestine and boosts immunity.

Konjac Market Dynamics

The market is driven by factors such as increasing health consciousness among consumers, growing demand for digestive supplements, rising demand for weight loss supplements, and surging research & development. Conversely, risks/side-effects associated with konjac hinder the growth of the market.

Consumers are conscious about their health, which has led to the adoption of healthy food options. Konjac absorbs large amount of water and facilitates in the removal of toxic materials, which helps in improving digestive system. Moreover, konjac is a nutritious food with low calories and does not increase fats, which is a significant advantage of using konjac.

Increase in prevalence of gastro intestinal diseases and rise in obesity due to high consumption of junk food and sedentary lifestyle has led to the rise in awareness among the consumers. People are cautious of improper diet, thereby increasing awareness of konjac-based food products. Increasing prevalence of obesity has led to the rise in the adoption of the weight loss supplements.

According to the World Health Organization (WHO), in 2016, more than 1.9 billion adults, aged 18 years and above were overweight. Konjac is used as laxative, which helps in the elimination of toxic materials from the intestine, which facilitates weight loss. This has led to the rise in the adoption of the konjac-based weight loss supplements, thereby driving the growth of the konjac-based supplements.

Rising inclination of consumers toward digestive supplements owing to their health benefits drives the demand for the konjac market. In the UK, over 13 million users of digestive problems. Konjac is used in the manufacturing of supplements to improve the quality of intestinal microflora and helps in the removal of bulk of roughage and removing toxins from alcohol and red meat, which boosts the growth of the market.

The rise in demand for the dietary supplements are also some of the factors, which contributes for the growth of the market. Konjac has all the essential fibers which helps in the removal of toxic materials and reduces the hunger. This reduces the appetite of the consumers, thereby boosting the demand for the konjac market.

The rising demand for loss of weight is also one of the major factors, which has led to the rise in the adoption of the konjac as a weight loss supplement is also one of the major factors, which boost the growth of the market. The rising popularity of konjac based noodles has also led to the rise in the adoption of the konjac in several food products, which contributes to the growth of the market.

Konjac Market Segment Insights

Product Segment Analysis

On the basis of product, the market is segmented into flour, dietary fibers, gum and gels, and others. The flour segment accounted for 44.2% share of the market in 2019. Rising demand for konjac based food products has led to the adoption of konjac flour, thus boosting segment growth.

Functions Segment Analysis

In terms of functions, the konjac market is segregated into gelling agent, thickener, film former, emulsifier, stabilizer and others. The thickener segment is anticipated to expand at a CAGR of 9.0% during the forecast period. Rise in demand for thickener for thickening agent in several food products has led to the adoption of thickeners, thereby boosting the segment.

Application Segment Analysis

In terms of application, the konjac market is classified as food products, pharmaceuticals, chemical and others. The pharmaceutical segment is anticipated to expand at a CAGR of 9.1% during the forecast period, as demand for the dietary supplements and weight loss supplements has increased, which drives the growth of the segment.

Regional Outlook

In terms of regions, the global Konjac Market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constituted market share of 43.2% in 2020. The market in the APAC region is projected to expand at a CAGR of 9.1% during the forecast period. Increasing demand for konjac based products and rise in presence of several manufacturers, is thereby boosting the growth of the konjac market in Asia Pacifica.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the Global Konjac Market
Historical, Current and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Konjac Market Performance

Segments

Products

Konjac Flour
- Purified Konjac Flour
- Ordinary Konjac Flour
Dietary Fibers
Gums and Gels
Others

Function

Gelling Agent
Thickener
Film Former
Emulsifier
Stabilizer
Others

Application

Food Products
- Noodles and Pasta
- Flour Fruit Jelly
- Others
Pharmaceuticals
Chemicals
Others

Region

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- U.K.
- France
- Germany
- Italy
- Spain
- Russia
- Rest of the Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA

Key Market Players Profiled in the Report

Hubei Yizhi Konjac Biotechnology Co., Ltd
Zeroodle
Miracle Noodles
NAH Foods
Shanghai Brilliant Gum Co.,Ltd
Henan Xin Industry Co.,Ltd
Boston Scientific Corporation
Baoji Konjac Chemicals Co., Ltd
NOW Foods
FMC Corporation
Shaanxi Jintai Konjac Industrial Development Co., Ltd.
The Konjac Sponge Company

Competitive Landscape

Key players in the market include Aunutra Industries Inc., Baoji Konjac Chemical Co., Ltd and others. These companies are considered manufacturers of nitinol-based medical devices based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the nitinol-based medical devices is added in the company’s capacity.
Aunutra Industries Inc. is focusing to maintaining good relations with customers by providing them free pre sales samples and aggressive discounts on products, at competitive prices.
Baoji Konjac Chemical Co., Ltd is focusing on adapting strategies to develop efficient supply chain by building good rapport with delivery express companies such as FedEx, UPS, DHL, and EMS.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Konjac Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Konjac Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Konjac Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Konjac Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Konjac Market Size & Forecast, 2017-2027
      4.5.1 Konjac Market Size and Y-o-Y Growth
      4.5.2 Konjac Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Product Type, 2017-2027
Chapter 5 Global Konjac Market Analysis and Forecast By Product Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product Type
      5.1.2 Basis Point Share (BPS) Analysis By Product Type
      5.1.3 Absolute $ Opportunity Assessment By Product Type
   5.2 Konjac Market Size & Volume (Production & Consumption) Forecast By Product Type
      5.2.1 Konjac Flour
         5.2.1.1 Purified Konjac Flour
         5.2.1.2 Ordinary Konjac Flour
      5.2.2 Dietary Fibers
      5.2.3 Gum & Gel
      5.2.4 Others
   5.3 Market Attractiveness Analysis By Product Type
Chapter 6 Global Konjac Market Analysis and Forecast By Function
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Function
      6.1.2 Basis Point Share (BPS) Analysis By Function
      6.1.3 Absolute $ Opportunity Assessment By Function
   6.2 Konjac Market Size & Volume (Production & Consumption) Forecast By Function
      6.2.1 Gelling Agent
      6.2.2 Thickener
      6.2.3 Film Former
      6.2.4 Emulsifier
      6.2.5 Stabilizer
   6.3 Market Attractiveness Analysis By Function
Chapter 7 Global Konjac Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Konjac Market Size & Volume (Production & Consumption) Forecast By Application
      7.2.1 Food Products
         7.2.1.1 Noodles & Pasta
         7.2.1.2 FlourFruit Jelly
         7.2.1.3 Others
      7.2.2 Pharmaceuticals
      7.2.3 Chemical
      7.2.4 Others
   7.3 Market Attractiveness Analysis By Application
Chapter 8 Global Konjac Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Konjac Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Konjac Analysis and Forecast
   10.1 Introduction
   10.2 North America Konjac Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Konjac Market Size & Volume (Production & Consumption) Forecast By Product Type
      10.6.1 Konjac Flour
         10.6.1.1 Purified Konjac Flour
         10.6.1.2 Ordinary Konjac Flour
      10.6.2 Dietary Fibres
      10.6.3 Gum & Gel
      10.6.4 Others
   10.7 Basis Point Share (BPS) Analysis By Product Type
   10.8 Absolute $ Opportunity Assessment By Product Type
   10.9 Market Attractiveness Analysis By Product Type
   10.10 North America Konjac Market Size & Volume (Production & Consumption) Forecast By Function
      10.10.1 Gelling Agent
      10.10.2 Thickener
      10.10.3 Film Former
      10.10.4 Emulsifier
      10.10.5 Stabilizer
   10.11 Basis Point Share (BPS) Analysis By Function
   10.12 Absolute $ Opportunity Assessment By Function
   10.13 Market Attractiveness Analysis By Function
   10.14 North America Konjac Market Size & Volume (Production & Consumption) Forecast By Application
      10.14.1 Food Products
         10.14.1.1 Noodles & Pasta
         10.14.1.2 FlourFruit Jelly
         10.14.1.3 Others
      10.14.2 Pharmaceuticals
      10.14.3 Chemical
      10.14.4 Others
   10.15 Basis Point Share (BPS) Analysis By Application
   10.16 Absolute $ Opportunity Assessment By Application
   10.17 Market Attractiveness Analysis By Application
Chapter 11 Europe Konjac Analysis and Forecast
   11.1 Introduction
   11.2 Europe Konjac Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Konjac Market Size & Volume (Production & Consumption) Forecast By Product Type
      11.6.1 Konjac Flour
         11.6.1.1 Purified Konjac Flour
         11.6.1.2 Ordinary Konjac Flour
      11.6.2 Dietary Fibres
      11.6.3 Gum & Gel
      11.6.4 Others
   11.7 Basis Point Share (BPS) Analysis By Product Type
   11.8 Absolute $ Opportunity Assessment By Product Type
   11.9 Market Attractiveness Analysis By Product Type
   11.10 Europe Konjac Market Size & Volume (Production & Consumption) Forecast By Function
      11.10.1 Gelling Agent
      11.10.2 Thickener
      11.10.3 Film Former
      11.10.4 Emulsifier
      11.10.5 Stabilizer
   11.11 Basis Point Share (BPS) Analysis By Function
   11.12 Absolute $ Opportunity Assessment By Function
   11.13 Market Attractiveness Analysis By Function
   11.14 Europe Konjac Market Size & Volume (Production & Consumption) Forecast By Application
      11.14.1 Food Products
         11.14.1.1 Noodles & Pasta
         11.14.1.2 FlourFruit Jelly
         11.14.1.3 Others
      11.14.2 Pharmaceuticals
      11.14.3 Chemical
      11.14.4 Others
   11.15 Basis Point Share (BPS) Analysis By Application
   11.16 Absolute $ Opportunity Assessment By Application
   11.17 Market Attractiveness Analysis By Application
Chapter 12 Asia Pacific Konjac Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Konjac Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Konjac Market Size & Volume (Production & Consumption) Forecast By Product Type
      12.6.1 Konjac Flour
         12.6.1.1 Purified Konjac Flour
         12.6.1.2 Ordinary Konjac Flour
      12.6.2 Dietary Fibres
      12.6.3 Gum & Gel
      12.6.4 Others
   12.7 Basis Point Share (BPS) Analysis By Product Type
   12.8 Absolute $ Opportunity Assessment By Product Type
   12.9 Market Attractiveness Analysis By Product Type
   12.10 Asia Pacific Konjac Market Size & Volume (Production & Consumption) Forecast By Function
      12.10.1 Gelling Agent
      12.10.2 Thickener
      12.10.3 Film Former
      12.10.4 Emulsifier
      12.10.5 Stabilizer
   12.11 Basis Point Share (BPS) Analysis By Function
   12.12 Absolute $ Opportunity Assessment By Function
   12.13 Market Attractiveness Analysis By Function
   12.14 Asia Pacific Konjac Market Size & Volume (Production & Consumption) Forecast By Application
      12.14.1 Food Products
         12.14.1.1 Noodles
         12.14.1.2 FlourFruit Jelly
         12.14.1.3 Others
      12.14.2 Pharmaceuticals
      12.14.3 Chemical
      12.14.4 Others
   12.15 Basis Point Share (BPS) Analysis By Application
   12.16 Absolute $ Opportunity Assessment By Application
   12.17 Market Attractiveness Analysis By Application
Chapter 13 Latin America Konjac Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Konjac Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Konjac Market Size & Volume (Production & Consumption) Forecast By Product Type
      13.6.1 Konjac Flour
         13.6.1.1 Purified Konjac Flour
         13.6.1.2 Ordinary Konjac Flour
     13.6.2 Dietary Fibres
      13.6.3 Gum & Gel
      13.6.4 Others
   13.7 Basis Point Share (BPS) Analysis By Product Type
   13.8 Absolute $ Opportunity Assessment By Product Type
   13.9 Market Attractiveness Analysis By Product Type
   13.10 Latin America Konjac Market Size & Volume (Production & Consumption) Forecast By Function
      13.10.1 Gelling Agent
      13.10.2 Thickener
      13.10.3 Film Former
      13.10.4 Emulsifier
      13.10.5 Stabilizer
   13.11 Basis Point Share (BPS) Analysis By Function
   13.12 Absolute $ Opportunity Assessment By Function
   13.13 Market Attractiveness Analysis By Function
   13.14 Latin America Konjac Market Size & Volume (Production & Consumption) Forecast By Application
      13.14.1 Food Products
         13.14.1.1 Noodles & Pasta
         13.14.1.2 FlourFruit Jelly
         13.14.1.3 Others
      13.14.2 Pharmaceuticals
      13.14.3 Chemical
      13.14.4 Others
   13.15 Basis Point Share (BPS) Analysis By Application
   13.16 Absolute $ Opportunity Assessment By Application
   13.17 Market Attractiveness Analysis By Application
Chapter 14 Middle East & Africa (MEA) Konjac Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Konjac Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Konjac Market Size & Volume (Production & Consumption) Forecast By Product Type
      14.6.1 Konjac Flour
         14.6.1.1 Purified Konjac Flour
         14.6.1.2 Ordinary Konjac Flour
      14.6.2 Dietary Fibres
      14.6.3 Gum & Gel
      14.6.5 Others
   14.7 Basis Point Share (BPS) Analysis By Product Type
   14.8 Absolute $ Opportunity Assessment By Product Type
   14.9 Market Attractiveness Analysis By Product Type
   14.10 Middle East & Africa (MEA) Konjac Market Size & Volume (Production & Consumption) Forecast By Function
      14.10.1 Gelling Agent
      14.10.2 Thickener
      14.10.3 Film Former
      14.10.4 Emulsifier
      14.10.5 Stabilizer
   14.11 Basis Point Share (BPS) Analysis By Function
   14.12 Absolute $ Opportunity Assessment By Function
   14.13 Market Attractiveness Analysis By Function
   14.14 Middle East & Africa (MEA) Konjac Market Size & Volume (Production & Consumption) Forecast By Application
      14.14.1 Food Products
         14.14.1.1 Noodles & Pasta
         14.14.1.2 FlourFruit Jelly
         14.14.1.3 Others
      14.14.2 Pharmaceuticals
      14.14.3 Chemical
      14.14.4 Others
   14.15 Basis Point Share (BPS) Analysis By Application
   14.16 Absolute $ Opportunity Assessment By Application
   14.17 Market Attractiveness Analysis By Application
Chapter 15 Competition Landscape
   15.1 Konjac Market: Competitive Dashboard
   15.2 Global Konjac Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Aunutra Industries Inc.
      15.3.2 Baoji Konjac Chemical Co.,Ltd
      15.3.3 BLG
      15.3.4 Henan Xin Industry Co. Ltd.
      15.3.5 Hubei Yizhi Konjac Biotechnology Co., Ltd
      15.3.6 Konjac Innov (NAH Foods)
      15.3.7 Miracle Noodle
      15.3.8 NOW Foods
      15.3.9 The Konjac Sponge Company
      15.3.10 Xi'an Yuensun Biological Technology Co.,Ltd.
      15.3.11 Zeroodle

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FAQ Section

Some frequently asked questions about this report!

1. Who are the major players operating in the market?

Major Manufactures include, Hubei Yizhi Konjac Biotechnology Co., Ltd, Zeroodle, Miracle Noodle, NAH Foods, Shanghai Brilliant Gum Co. Ltd and Henan Xin Industry Co. Ltd. And Baoji Konjac Chemcial Co., Ltd., NOW Foods among others are the key players operating in the market.

2. Which is the base year calculated in the global konjac market report and what is analysis period?

The base year considered for the global konjac market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

3. What is the impact of COVID-19 on the overall market during year 2019 -2020?

The market is expected to witness decline of over 4.0% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the konjac market. The rising demand for the food konjac based supplements are expected to boost the growth of the market.