About Konjac Products
Konjac products are made from the konjac plant. It is a root vegetable that grows in parts of Asia. It is used to make high fiber dietary supplements, jellies, and flour. These products are natural products and owing to the consumer preference for an organic and natural product. it is also used in various food applications such as pasta, and noodles. It has many health benefits which stimulate the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global konjac products market is fragmented due to the presence of several manufacturers at the global and regional levels. Companies offer a wide range of konjac products in the market. The level of competition among the companies in the konjac products market is intense and manufacturers focus on developing new products for the customers. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Konson konjac (China), Deyang Asnn Spring Industrial Co., Ltd. (China), Hubei Yizhi Konjac Biotechnlogoy (China), The Konjac Sponge Company (United Kingdom), YO KANG WU TRADING CO., LTD (China), Sichuan Sentaiyuan Biotechnology Co., Ltd. (China), Shenzhen Ator Food (China), Zhengzhou Jialong Food Co., Ltd (China) and Hubei Fu Cheng Konjac Industry Development Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Konjac Products market by Type (Konjac Rice, Konjac Noodles, Konjac Jelly, Konjac Powder, Konjac Chips and Others), Application (Food and Beverage, Cosmetics, Household and Others) and Region.
On the basis of geography, the market of Konjac Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Konjac Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Konjac Products in Food and Beverage Industries
Market Growth Drivers:
Rising Demand for Natural Products for Its Health Benefits and Growing Demand for High Fiber Products
Challenges:
Market Presence with Numerous Players Pose a Challenge for Konjac Products
Restraints:
Market Presence with Availability of Different Substitutes
Opportunities:
Wide Range of Konjac Products Leads Growth in Distribution Markets B2B And B2C
Market Leaders and their expansionary development strategies
In February 2021, The Japanese company has decided to enter the US market with its 100% delicious, Japanese product for easy access to consumers.The product was carefully produced through the traditional method in Gunma Prefecture, which serves as the production area of Konjac.
In September 2022, CJ CheilJedang has expanded its instant rice line by launched two new Hetbahn Konjac Rice products. Hetbahn’s Konjac Rice products are made with a combination of konjac (a root vegetable that grows in parts of Asia), brown rice, oats and black rice. They contain a well-balanced mix of each type of grain along with the texture, taste and nutritional value of konjac. The Konjac Rice with Brown&Oat Rice’ and ‘Konjac Rice with Oat&Black Rice’ have 165 and 160 calories per serving respectively.
“The European Union, konjac gum and konjac glucomannan have been evaluated by the Scientific Committee for Food in 1996 who could not establish an acceptable daily intake for both of the substances. The SCF considered that ‘the uses of konjac gum and konjac glucomannan as additives at the intended levels up to 10 g/kg in food are acceptable, provided that the total intake from all sources did not exceed 3 g/day'. Konjac flour was evaluated by the Joint FAO/WHO Expert Committee on Food Additives in 1993 and 1996 . In 1993, the Committee allocated a temporary ADI ‘not specified’ for konjac flour. In 1996, an ADI ‘not specified’ was allocated.”
Key Target Audience
Konjac Products Manufacturers, Konjac Products International Traders, Konjac Products Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.