Enjoy complimentary customisation on priority with our Enterprise License!
The konjac market share is expected to increase to USD 356.41 million from 2021 to 2026, at a CAGR of 6.9%.
This konjac market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers konjac market segmentation by end-user (food and beverages, pharmaceutical, and cosmetics), product type (gum, flour, dietary fiber, and sponge), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The konjac market report also offers information on several market vendors, 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., and Zeroodle USA among others.
Download the Free Report Sample to Unlock the Konjac Market Size for the Forecast Period and Other Important Statistics
The increasing consumption of low-calorie food is notably driving the konjac market growth, although factors such as the side effects on human health may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the konjac industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Konjac Market Driver
Key Konjac Market Trend
Key Konjac Market Challenge
This konjac market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global konjac market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the konjac market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the konjac market encompasses successful business strategies deployed by the key vendors. The konjac market is concentrated and the vendors are deploying growth strategies such as product launches and mergers and acquisitions to diversify their product portfolio to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The konjac market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the konjac market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
31% of the market's growth will originate from APAC during the forecast period. China, Malaysia, and Japan are the key markets for konjac in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Konjac flour has been used in the US for more than a century, most lately as a thickening or gelling agent in processed foods. When used in this way, it is far commonly identified as safe as per the FDA. This will facilitate the konjac market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic spread widely across North America, especially in the US, in 2020. Various countries, such as the US and Canada, imposed lockdowns to combat the spread of the disease. This led to the shortage of employees at konjac processing units, owing to restrictions imposed by governments on the movement of people. In Q1 2021, the vaccination programs led to the resumption of business operations, and the regional konjac market is therefore anticipated to witness growth during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The konjac market share growth by the food and beverages segment will be significant during the forecast period. The food and beverages industry will absolutely witness an expeditious growth during the forecast period because of its konjacs emulsifying and food gelation properties and its application in food and additive too. The ever-developing food & beverage enterprise is propelling the growth of the worldwide marketplace, and it is expected that it will continue to witness growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the konjac market size and actionable market insights on post COVID-19 impact on each segment.
Konjac Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.9% |
Market growth 2022-2026 |
$ 356.41 million |
Market structure |
Concentrated |
YoY growth (%) |
7.92 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 31% |
Key consumer countries |
US, China, Japan, Malaysia, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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., and Zeroodle USA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Product Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.