Authored By: Sarah
11 Jul 2024

 Konjac Market Size to grow by USD 454.2 million between 2024-2028

According to a research report “ Konjac Market” by End-user (Food and beverages, Pharmaceutical, Cosmetics) Product Type (Gum, Flour, Dietary fiber, Sponge) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 454.2 million, at a CAGR of  8.52% during the forecast period. The Konjac market is poised for significant expansion over the forecast period due to the rising consumer preference for low-calorie and low-carbohydrate foods, such as shirataki noodles. Additionally, the increasing health-conscious population and their demand for gluten-free alternatives are driving the market growth. Amorphophallus konjac flour is gaining traction as a popular thickening agent for gluten-free bread, while konjac powder is increasingly recognized as a gentle facial cleanser. The market's growth is further fueled by the increasing demand for thickening, gelling, and stabilizing agents in various industries, including food and beverage and cosmetics. Moreover, the health benefits of konjac, such as its ability to aid in weight loss and cholesterol reduction, make it an attractive option for consumers seeking to improve their overall health.

Browse market data tables, figures, and in-depth TOC on “Konjac Market” by End-user (Food and beverages, Pharmaceutical, Cosmetics) Product Type (Gum, Flour, Dietary fiber, Sponge) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By End-user, the Food and beverages segment is projected to dominate the market size in 2024

Konjac gum, also referred to as konjac glucomannan or konjac flour, is a natural, odorless, and soluble fiber derived from the konjac plant. This viscoelastic substance is the most water-absorbent meal gum, capable of absorbing up to 100 times its weight in water. The konjac glucomannan is extracted and dried from the konjac plant, resulting in a polysaccharide with thread-like macromolecules. The water solution of konjac gum is a pseudo-plastic liquid, characterized by shear thinning. With a viscosity ten times greater than cornstarch, it is a valuable addition to various industries due to its unique properties.

By Product Type, Gum  segment is expected to hold the largest market size for the year 2024

The global konjac market is poised for significant expansion in the food and beverages sector due to its valuable emulsifying and food gelation properties. These characteristics make konjac an essential ingredient for various food applications, including meal additives, thickeners, and jams. The burgeoning food and beverage industry is driving market growth, with the increasing demand for stabilizing and gelling agents being a key contributing factor. The versatility of konjac, with its wide range of product packages, makes it a preferred choice for numerous applications within the market focus.

North America is forecasted to hold the largest market size by region in 2024

The Konjac market represents a significant business opportunity for manufacturers and suppliers due to the growing demand for konjac-based products. These products, which include konjac flour, jelly, and sponge, are utilized in various industries such as food, pharmaceuticals, and cosmetics. Konjac's unique properties, including its high fiber content and ability to absorb water, make it an attractive ingredient for numerous applications. As consumer awareness of health and wellness increases, the market for konjac-based products is projected to expand, providing lucrative prospects for businesses in this sector.

The Konjac Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Andi Johnson Group
  • Baoji Konjac Chemical Co. Ltd.
  • BLG
  • Hubei Tongyi Konjac Biotechnology Co. Ltd
  • Ishibashiya Konjac Co.
  • Miracle Noodle
  • NAH Foods Ltd
  • NOW Health Group Inc.
  • Slendier
  • The Konjac Sponge Co.
  • Zeroodle USA
.

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Research Analysis Overview

Amorphophallus konjac, also known as the elephant yam or konjac, is a root vegetable widely used in various industries due to its unique properties. The primary components of Amorphophallus konjac are soluble dietary fiber, specifically glucomannan. This fiber is widely used as an emulsifier, thickener, and stabilizer in various industries. In the culinary world, konjac is used to make snacks, noodles, and beverages. It is a gluten-free and low-calorie alternative to traditional starches. In the dietary supplement industry, konjac is used as a weight reduction supplement due to its ability to absorb water and expand in the stomach, making consumers feel full for longer periods. In the cosmetic industry, konjac is used in skincare products for its hydrating and smoothing properties. It is also used in medical formulations for treating digestive issues and diabetes. Konjac is often compared to psyllium, carrots, citrus fruits, apples, beans, oats, and other soluble fiber sources. However, its unique properties make it a popular choice for various applications. The flour segment of the konjac market is expected to grow significantly due to its versatility and health benefits. Konjac flour can be used as a replacement for wheat flour in various food applications, making it an attractive option for those with dietary restrictions. Overall, the konjac market is expected to grow significantly in the coming years due to its diverse applications and health benefits.

Market Research Overview

The Konjac market encompasses a wide range of goods derived from the starchy corm of the Konjac plant, also known as Amorphophallus konjac. This nutritious root vegetable is gaining popularity in various industries due to its versatile uses as a dietary fiber, thickener, emulsifier, and weight-reduction supplement. In the food and beverage sector, Konjac Gum is used as a functional food ingredient in weight reduction supplements, meal replacements, beverages, snacks, noodles, and rice. It's also used as a gluten-free bread thickener, making it a popular choice for individuals following gluten-free diets or those on ketogenic diets. The cosmetic industry also utilizes Konjac in the form of cosmetic products such as Konjac sponges, which are used for cleansing and exfoliating the skin. Konjac flour is also used in the production of vegan skincare products. In the medical and pharmaceutical sector, Konjac is used in medical formulations for obesity, gastrointestinal disorders, and cholesterol levels. It acts as a soluble dietary fiber, absorbing water and expanding in the stomach, making individuals feel full and reducing calorie intake. The agricultural environment of Konjac cultivation is also eco-friendly and sustainable, making it a preferred choice for consumers who are health-conscious and environmentally aware. Other sources of soluble fiber, such as psyllium, carrots, citrus fruits, apples, beans, oats, and soluble fiber-rich foods like Konjac, are essential for maintaining a healthy colon and promoting digestive health. In conclusion, the Konjac market is a growing industry that caters to various sectors, including food and beverages, cosmetics, medical and pharmaceutical, and agricultural environments. Its versatility as a plant-derived ingredient makes it a popular choice for individuals following gluten-free, low-calorie, and vegan diets. The consumer health consciousness trend is driving the demand for Konjac goods, and it's used in various forms, such as dietary fiber, gum, and flour, in weight loss supplements, functional foods, and cosmetic products.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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