Market Snapshot:
Konjac gum, also known as devil's tongue gum, is a water soluble dietary fibre derived from the Amorphophallus konjac plant. It's used to thicken, stabilise, emulsify, and suspend ingredients in foods and beverages. Konjac gum is largely utilised as a source of glucomannan, a dietary fibre that is well-known. Konjac is a type of root vegetable that grows throughout Asia.
Highlights from Konjac Gum Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Hubei Yizhi Konjac Biotechnology (China), Ankang Longfei Konjac Foodstuff (China), Chongqing Tianbang Chemical (China), Avanscure Lifesciences (India), Shanghai Brilliant Gum (China), Won Long Konjac (China), Konson Konjac (China), NAH Foods (United Kingdom), Slendier (Australia) and Miracle Noodles (United States). Additionally, other players that are part of this comprehensive study are Baoji Konjac Chemical Ltd. (China) and Others.
Geographic Breakdown and Segment Analysis
The Global Konjac Gum market presents a comprehensive analysis of the Konjac Gum market by product type (Ordinary and Purified), by end-user/application (Foods, Agriculture, Medical & Pharmaceutical, Chemical, Petroleum, Printing and Dyeing), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Konjac Gum industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Konjac Gum market
Analyst at AMA have segmented the market study of Global Konjac Gum market by Type, Application and Region.
Influencing Trend:
Rise in Consumption of Low-calorie and Carbohydrate
Market Growth Drivers:
Growing Adoption of Konjac Powder
Challenges:
Concerned Government Authorities
Restraints:
Side Effects of Konjac Gum
Opportunities:
Strong Awareness about Lifestyle Changes
Market Developments Activities:
In Jun 2021, Konjac powder was acquired from Lijiang Daran Biological Co., Ltd. (Yunnan, China). Gum arabic was purchased from Tianjin Tiantai Fine.
In November 2020, Hubei Yizhi Konjac Biotechnology introduced its low-calorie konjac crystal ball, designed to produce an elastic and crispy taste than the common konjac powder in the food industry.
Regulatory Insights:
The U.S. Food and Drug Administration announced today that it intends to propose that “glucomannan” be added to the definition of dietary fiber. The action is being taken in response to a citizen petition from The Food Lawyers. Dietary fiber that can be declared on the Nutrition and Supplement Facts labels includes certain naturally occurring fibers that are "intrinsic and intact" in plants and added isolated or synthetic non-digestible soluble and insoluble carbohydrates that FDA has determined have physiological effects that benefit human health.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Target Audience
Manufacturers of Konjac Gum, Distributors and Suppliers of Konjac Gum, Raw Materials, Venture Capitalists and Private Equity Firms, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others