About Konjac Flour
The global konjac flour is noticing huge growth in the last few years with the growing demand from the food & beverage industry and it is highly expected from the cosmetics industry. With the rapid development in the e-commerce platform is driving huge growth in this market. It is majorly found in the Asia Pacific region.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
This is one emerging industry various companies are operating in this industry. The market-leading companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, and many others. The market-leading players are highly investing in advanced packaging. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Konjac Flour market throughout the forecasted period. 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.
Hubei Yizhi Konjac Biotechnology (China), Shanghai Innovy Chemical New Materials Co., Ltd (China), Sichuan Sentaiyuan Biotechnology Co., Ltd. (China), FMC Corporation (United States), Shanghai Brilliant Gum Co. Ltd. (China), Henan Xin Industry Co. Ltd. (China), The Konjac Sponge Company (United Kingdom), Miracle Noodles (United States), NAH Foods (United States) and Shanghai Brilliant Gum Co.,Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ishibashiya (Japan), Slendier (Australia) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Konjac Flour market by Type (Ordinary Konjac Flour and Purified Konjac Flour), Application (Food & Beverages, Medical & Pharmaceutical, Cosmetics and Chemicals) and Region.
On the basis of geography, the market of Konjac Flour 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 Distribution Channels, the sub-segment i.e. Direct Sales will boost the Konjac Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Pouches will boost the Konjac Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Highly Adopted for Noodles Manufacturing and Development in Packaging
Market Growth Drivers:
Growing Demand for Ready to Eat Foods Majorly in Emerging Economies
Challenges:
Lack of Awareness Among End Users and Rising Concern Towards Side Effects
Restraints:
Fluctuation in Raw Material Prices
Opportunities:
Rising Awareness Regarding Health Benefits
Market Leaders and their expansionary development strategies
In June, Opta Food Ingredients, Inc. has reacquired all manufacturing, sales and marketing rights to EverFresh, a product invented by Opta to replace sodium bi-sulfate chemicals used by the shrimp and seafood industry to preserve natural coloration following harvesting and prevent blackspot.
In February 2021, Tsutomu Foods Ltd. Launched SoyNyack, Gluten-free Konjac Noodles containing Soybeans in the United States.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Konjac Flour Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.