Global Konjac Market 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
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
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