Konjac Market Share, Size, Trends, Industry Analysis Report, By Nature (Gum, Flour, Dietary Fiber, Sponge); By End Use Industry (Food & Beverages, Pharmaceutical, Cosmetics); By Distribution Channel; By Region; Segment Forecast, 2023- 2032
The global konjac market size is expected to reach USD 2.04 billion by 2032, according to a new study by Polaris Market Research. The report "Konjac Market Share, Size, Trends, Industry Analysis Report, By Nature (Gum, Flour, Dietary Fiber, Sponge); By End Use Industry (Food & Beverages, Pharmaceutical, Cosmetics); By Distribution Channel; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Konjac is the primary root grown in the Asian region. It is well known for its starchy corm, a stem component that looks like a tuber that grows underground. Glucomannan, a valuable source of soluble dietary fiber, is produced from the corm. It is traditionally used in medical formulations and is also used in the food industry to produce noodles and snacks. The Konjac Sponge Company claims that it has been used as a food, beverage, and beauty product for more than 1,500 years. In addition to being marketed as a dietary supplement, it is also utilized as an emulsifier and thickener in food. Its ability to absorb liquid is fueling its use in weight-reduction supplements.
According to a recent Life Extension customer study of 3,356 men and women, 30 percent of respondents said they consume fiber at every meal, and nearly half (49%) said they consume it at least once a day. However, more than two-thirds (67%) claimed they do not get enough fibre daily, as recommended by the US Department of Agriculture. This demonstrates the need for healthy fibers, which can be provided by the consumption of konjac by consumers.
Growing sales of konjac products have increased significantly in recent years, and there is significant room for market expansion. Over 85% of Yizhi's income in the first half of 2022 came from its principal product, konjac powder. According to its offering prospectus, foods made from konjac contributed 12 percent of company revenue, while cosmetics only accounted for 2.2 percent. The restricted number of goods that can be produced using konjac, a root vegetable like a potato that is used to produce foods that are highly nutritious and low in calories, has also boosted competition by attracting various companies to this promising industry.
Konjac Market Report Highlights
Dietary Fiber segment is anticipated to witness the highest growth in the coming years due to the ongoing deficiency of fiber.
Food & Beverages segment accounted for the largest market share owing to the prevalence of konjac in food items like pasta and snacks.
Online segment is projected to experience a larger revenue share due to the ongoing distributors efforts to create personalized consumer baskets with discounts.
APAC is projected to register the largest growth rate in the study period owing to the ongoing research activities to increase its production.
The global players include: Baoji Konjac Chemical, IHerbs, Koyo Chemical, Matsutani Chemical Industry, Miracle Noodle & NAH Foods.
Polaris Market Research has segmented the konjac market report based on nature, end use industry, distribution channel and region:
Konjac, Nature Outlook (Revenue - USD Billion, 2019 - 2032)
Gum
Flour
Dietary Fiber
Sponge
Konjac, End Use Industry Outlook (Revenue - USD Billion, 2019 - 2032)
Food & Beverages
Pharmaceutical
Cosmetics
Konjac, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Hypermarkets/Supermarkets
Speciality Stores
Online Channels
Others
Konjac, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Konjac Market Insights
4.1. Konjac Market - Distribution Channel Snapshot
4.2. Konjac Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising applications of konjac in the food industry due to ongoing research findings
4.2.1.2. Increasing Vegan and Vegetarian Populations
4.2.2. Restraints and Challenges
4.2.2.1. Limited Geographic Growth
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Konjac Market Distribution Channel Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Konjac Market, by Nature
5.1. Key Findings
5.2. Introduction
5.2.1. Global Konjac Market, by Nature, 2019-2032 (USD Million)
5.3. Gum
5.3.1. Global Konjac Market, by Gum, by Region, 2019-2032 (USD Million)
5.4. Flour
5.4.1. Global Konjac Market, by Flour, by Region, 2019-2032 (USD Million)
5.5. Dietary Fiber
5.5.1. Global Konjac Market, by Dietary Fiber, by Region, 2019-2032 (USD Million)
5.6. Sponge
5.6.1. Global Konjac Market, by Sponge, by Region, 2019-2032 (USD Million)
6. Global Konjac Market, by End Use Industry
6.1. Key Findings
6.2. Introduction
6.2.1. Global Konjac Market, by End Use Industry, 2019-2032 (USD Million)
6.3. Food & Beverages
6.3.1. Global Konjac Market, by Food & Beverages, by Region, 2019-2032 (USD Million)
6.4. Pharmaceutical
6.4.1. Global Konjac Market, by Pharmaceutical, by Region, 2019-2032 (USD Million)
6.5. Cosmetics
6.5.1. Global Konjac Market, by Cosmetics, by Region, 2019-2032 (USD Million)
7. Global Konjac Market, by Distribution Channel
7.1. Key Findings
7.2. Introduction
7.2.1. Global Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
7.3. Hypermarkets/Supermarkets
7.3.1. Global Konjac Market, by Hypermarkets/Supermarkets, By Region, 2019-2032 (USD Million)
7.4. Speciality Stores
7.4.1. Global Konjac Market, by Speciality Stores, By Region, 2019-2032 (USD Million)
7.5. Online Channels
7.5.1. Global Konjac Market, by Online Channels, By Region, 2019-2032 (USD Million)
7.6. Others
7.6.1. Global Konjac Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Konjac Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Konjac Market Assessment, By Geography, 2019-2032 (USD Million)
8.3. Konjac Market - North America
8.3.1. North America: Konjac Market, by Nature, 2019-2032 (USD Million)
8.3.2. North America: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.3.3. North America: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.3.4. Konjac Market - U.S.
8.3.4.1. U.S.: Konjac Market, by Nature, 2019-2032 (USD Million)
8.3.4.2. U.S.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.3.4.3. U.S.: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.3.5. Konjac Market - Canada
8.3.5.1. Canada: Konjac Market, by Nature, 2019-2032 (USD Million)
8.3.5.2. Canada.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.3.5.3. Canada: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.4. Konjac Market - Europe
8.4.1. Europe: Konjac Market, by Nature, 2019-2032 (USD Million)
8.4.2. Europe.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.4.3. Europe: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.4.4. Konjac Market - UK
8.4.4.1. UK: Konjac Market, by Nature, 2019-2032 (USD Million)
8.4.4.2. UK.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.4.4.3. UK: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.4.5. Konjac Market - France
8.4.5.1. France: Konjac Market, by Nature, 2019-2032 (USD Million)
8.4.5.2. France.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.4.5.3. France: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.4.6. Konjac Market - Germany
8.4.6.1. Germany: Konjac Market, by Nature, 2019-2032 (USD Million)
8.4.6.2. Germany.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.4.6.3. Germany: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.4.7. Konjac Market - Italy
8.4.7.1. Italy: Konjac Market, by Nature, 2019-2032 (USD Million)
8.4.7.2. Italy.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.4.7.3. Italy: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.4.8. Konjac Market - Spain
8.4.8.1. Spain: Konjac Market, by Nature, 2019-2032 (USD Million)
8.4.8.2. Spain.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.4.8.3. Spain: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.4.9. Konjac Market - Netherlands
8.4.9.1. Netherlands: Konjac Market, by Nature, 2019-2032 (USD Million)
8.4.9.2. Netherlands.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.4.9.3. Netherlands: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.4.10. Konjac Market - Russia
8.4.10.1. Russia: Konjac Market, by Nature, 2019-2032 (USD Million)
8.4.10.2. Russia.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.4.10.3. Russia: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.5. Konjac Market - Asia Pacific
8.5.1. Asia Pacific: Konjac Market, by Nature, 2019-2032 (USD Million)
8.5.2. Asia Pacific.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.5.3. Asia Pacific: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.5.4. Konjac Market - China
8.5.4.1. China: Konjac Market, by Nature, 2019-2032 (USD Million)
8.5.4.2. China.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.5.4.3. China: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.5.5. Konjac Market - India
8.5.5.1. India: Konjac Market, by Nature, 2019-2032 (USD Million)
8.5.5.2. India.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.5.5.3. India: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.5.6. Konjac Market - Malaysia
8.5.6.1. Malaysia: Konjac Market, by Nature, 2019-2032 (USD Million)
8.5.6.2. Malaysia.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.5.6.3. Malaysia: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.5.7. Konjac Market - Japan
8.5.7.1. Japan: Konjac Market, by Nature, 2019-2032 (USD Million)
8.5.7.2. Japan.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.5.7.3. Japan: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.5.8. Konjac Market - Indonesia
8.5.8.1. Indonesia: Konjac Market, by Nature, 2019-2032 (USD Million)
8.5.8.2. Indonesia.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.5.8.3. Indonesia: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.5.9. Konjac Market - South Korea
8.5.9.1. South Korea: Konjac Market, by Nature, 2019-2032 (USD Million)
8.5.9.2. South Korea.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.5.9.3. South Korea: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.6. Konjac Market - Middle East & Africa
8.6.1. Middle East & Africa: Konjac Market, by Nature, 2019-2032 (USD Million)
8.6.2. Middle East & Africa.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.6.3. Middle East & Africa: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.6.4. Konjac Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Konjac Market, by Nature, 2019-2032 (USD Million)
8.6.4.2. Saudi Arabia.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.6.4.3. Saudi Arabia: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.6.5. Konjac Market - UAE
8.6.5.1. UAE: Konjac Market, by Nature, 2019-2032 (USD Million)
8.6.5.2. UAE.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.6.5.3. UAE: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.6.6. Konjac Market - Israel
8.6.6.1. Israel: Konjac Market, by Nature, 2019-2032 (USD Million)
8.6.6.2. Israel.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.6.6.3. Israel: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.6.7. Konjac Market - South Africa
8.6.7.1. South Africa: Konjac Market, by Nature, 2019-2032 (USD Million)
8.6.7.2. South Africa.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.6.7.3. South Africa: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.7. Konjac Market - Latin America
8.7.1. Latin America: Konjac Market, by Nature, 2019-2032 (USD Million)
8.7.2. Latin America.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.7.3. Latin America: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.7.4. Konjac Market - Mexico
8.7.4.1. Mexico: Konjac Market, by Nature, 2019-2032 (USD Million)
8.7.4.2. Mexico.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.7.4.3. Mexico: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.7.5. Konjac Market - Brazil
8.7.5.1. Brazil: Konjac Market, by Nature, 2019-2032 (USD Million)
8.7.5.2. Brazil.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.7.5.3. Brazil: Konjac Market, by End Use Industry, 2019-2032 (USD Million)
8.7.6. Konjac Market - Argentina
8.7.6.1. Argentina: Konjac Market, by Nature, 2019-2032 (USD Million)
8.7.6.2. Argentina.: Konjac Market, by Distribution Channel, 2019-2032 (USD Million)
8.7.6.3. Argentina: Konjac Market, by End Use Industry, 2019-2032 (USD Million)