Worldwide Konjac Market to Rise at Growth Rate of 7.1% CAGR

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, UNITED STATES, July 3, 2023/EINPresswire.com/ — In accordance to a brand new report printed by Allied Market Analysis, titled, “Konjac Market by Product Sort, Finish Use Business, and Distribution Channel: International Alternative Evaluation and Business Forecast, 2021–2030,”

The worldwide konjac market was valued at $922.5 million in 2020, and is projected to attain $1,800.0 million by 2030, registering a CAGR of 7.1% The flour phase was the very best contributor to the market, with $475.1 million in 2020, and is estimated to attain $991.2 million by 2030, at a CAGR of 7.8% throughout the forecast interval.

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High Leaders:-

Hubei Yizhi Konjac Biotechnology Co. Ltd, Shanghai Sensible Gum Co. Ltd, Ishibashiya Konjac Firm, Baoji Konjac Chemical Co. Ltd., NOW Meals, Slendier, Andi-Johnson Group, The Konjac Sponge Firm, NAH Meals Ltd, and Zeroodle

The meals & drinks phase was the very best contributor to the market, with $373.7 million in 2020, and is estimated to attain $723.2 million by 2030, at a CAGR of 7.0% throughout the forecast interval. North America was the very best income contributor, accounting for $321.0 million in 2020, and is estimated to attain $621.0 million by 2030, with a CAGR of 7.0%.

Asia-Pacific is estimated to attain $615.6 million by 2030, at a big CAGR of 8.1%. North America and Asia-Pacific collectively accounted for round 66.0% share in 2020, with the previous constituting round 34.8% share.

Konjac is a plant that contains of a starchy root referred to as corm that’s excessive in glucomannan, a sort of dietary fiber. The dried corm of the konjac plant incorporates round 40% glucomannan gum, which is used as a dietary complement and in high-fiber flours and jellies. Konjac is excessive in fiber and low in energy and glutin, making it a wonderful eating regimen meals. As a result of of its excessive thickening and emulsifying properties, konjac containing glucomannan is usually used as a meals additive in merchandise resembling fruit juices, jams, pasta, noodles, and others, in addition to a dietary complement for stopping varied well being issues resembling weight problems, excessive ldl cholesterol, constipation, diabetes, zits, and others.

Shoppers these days are notably involved about their well being and, in consequence, are very selective concerning the meals merchandise they devour. Konjac fibers have been utilized as a conventional drugs within the APAC area for a few years. Konjac meals merchandise, together with Konjac flour, pasta, noodles, fruit jelly, and others, present quite a few well being advantages, together with diabetes administration, weight reduction, ldl cholesterol management, constipation, cleansing, cough, and zits.

Konjac merchandise are additionally rising in popularity as a result of to their prebiotic traits, which support within the enchancment of intestinal functioning, integrity, and immune system. Konjac has thickening, stabilizing, meals gelation, and emulsification capabilities as well as to its well being benefits.

Konjac powder is ceaselessly used as a vegan substitute for seafood. Konjac flour is predicted to rise quickly over the forecast interval due to its increasing utility scope within the meals and beverage and medicinal industries. Given these various options and advantages, Konjac’s business potential is anticipated to be huge.

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For the sake of the evaluation, the konjac market is segmented on the premise of product sort, finish use trade distribution channel, and area. By product sort the market is assessed into gum, flour, dietary fiber, and sponge. By finish use trade, the market is categorized into meals, pharmaceutical, and beauty. By distribution channel, the market is split into hypermarkets/supermarkets, specialty shops, on-line channels, and others. By area, the market is studied throughout North America, Europe, Asia-Pacific and LAMEA.

Based mostly on konjac market forecast by product sort, the flour phase accounted for the very best share in 2020. Konjac flour has a spread of functions within the meals and medicinal industries. It possesses distinctive properties resembling an extended shelf life, wonderful water binding capabilities, the flexibility to inhibit synerisis, and the flexibility to gradual crystal improvement. Konjac flour is predicted to rise quick over the forecast interval due to its increasing utility breadth within the meals & beverage and medicinal industries.

On the premise of finish use trade meals & drinks trade accounted for the most important portion of the konjac market share in 2020, and is pharmaceutical trade is anticipated to dominate the market all through the forecast interval. As a result of of particular qualities that present well being advantages resembling strengthened immune system, prescription drugs have emerged as a very powerful end-use. Moreover, important assist from regulatory authorities, such because the FDA, for the use of konjac in varied meals and drugs is projected to increase the market’s development prospects.

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Area sensible, Asia-Pacific was the quickest rising regional phase all through forecast interval, adopted by Europe. North America maintain the very best share in base yr. China and the U.S. have been essentially the most outstanding nation accounting for a sizeable share within the international market.

Key Findings Of The Research:

On the premise of product sort, the flour phase is projected to witness the very best CAGR of 7.8% in phrases of income throughout the forecast interval.

Relying on finish use trade, pharmaceutical phase is anticipated to dominate the market by way of 2021–2030.

By distribution channel, the hypermarkets/supermarkets phase occupied the most important market with most worth share in 2020, and on-line phase is anticipated to develop at the numerous CAGR throughout the forecast interval.

U.S. is the most important nation in phrases of demand and manufacturing of konjac market in 2020.
Asia-Pacific is anticipated to witness the very best development price, registering a CAGR

David Correa
Allied Analytics LLP
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