The Konjac Market is expected to reach USD 1.69 Bn., with a CAGR of 6.95% for the period 2023-2029.
Konjac Market Overview:
The goal of this research is to provide an overview of the Konjac market as well as detailed market segmentation based on connection type, end-use, and geography. The study contains critical information on the market positions of the leading Konjac players, as well as noteworthy industry trends and opportunities.
The analysis also focuses on the Global Konjac market’s key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the Konjac Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire Konjac Market Size from a global perspective by analyzing historical data and prospects.
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Konjac Market Scope:
The report also focuses on the leading industry players in the Global Konjac market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Konjac Market Dynamics:
Konjac is a plant native to Asia that has a starchy root called a corm that is high in glucomannan, a form of dietary fibre. The dried corm of the konjac plant contains approximately 40% glucomannan gum, which is a dietary supplement and a component in high-fiber flours and jellies. This herb is used in traditional Chinese medicine for a variety of purposes, including as a gelatin substitute and as a dietary supplement for cholesterol management and weight loss.
Konjac Market Segmentation:
Personal care and cosmetics
The Konjac market is further subdivided into Gum, Dietary fibres, Konjac flour, Gel, and Sponge based on the Form segment. Konjac flour is predicted to rise fast over the forecast period due to its expanding application breadth in the food & beverage and pharmaceutical industries.
The Konjac market is further sub-divided into Food, Pharmaceuticals, Personal care & cosmetics, Chemical, and Nutritional industry. Because of its extensive use as a thickener, additive, and food component in this industry, the food industry has been one of the market’s key end-uses in recent years, and this trend is likely to continue over the next seven years. Pharmaceuticals have emerged as the most popular end-use due to specific properties that provide health benefits such as a strengthened immune system. Furthermore, substantial government assistance, such as the FDA’s support for the use of konjac in various foods and treatments, is projected to increase the market’s growth prospects.
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Konjac Market Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Konjac market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Konjac industry.
1. Hubei Yizhi Konjac Biotechnology Co., Ltd
3. Miracle Noodle
4. NAH Foods
7. Shanghai Brilliant Gum Co. Ltd
8. Henan Xin Industry Co. Ltd.
9. Baoji Konjac Chemical Co., Ltd.
12.Shaanxi Jintai Konjac Industrial Development Co., Ltd
13.The Konjac Sponge Company
14.Monkey King Food Co., Ltd,
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Konjac market in these regions.
COVID-19 Impact Analysis on Konjac Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Konjac market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Konjac Market Report are:
- What will be the CAGR of the Konjac market during the forecast period?
- Which segment emerged as the leading segment in the Konjac market?
- Which are the prominent players in the Konjac market?
- What will be the Konjac market size by 2027?
- Which company held the largest share in the Konjac market?
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