Global Konjac Market 2024-2028
The konjac market is forecasted to grow by USD 454.2 mn during 2023-2028, accelerating at a CAGR of 8.52% during the forecast period. The report on the konjac market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing consumption of low-calorie food, increasing usage of konjac sponges in cosmetic sector to meet demand for natural-products, and increasing usage of animal-feed additives.
Technavio's konjac market is segmented as below:
By End-user
- Food and beverages
- Pharmaceutical
- Cosmetics
By Product Type
- Gum
- Flour
- Dietary fiber
- Sponge
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the rising health consciousness due to COVID-19 impact as one of the prime reasons driving the konjac market growth during the next few years. Also, support of government and increasing medical usage will lead to sizable demand in the market.
The report on the konjac market covers the following areas:
- Konjac market sizing
- Konjac market forecast
- Konjac market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading konjac market vendors that include 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. Also, the konjac market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.