About Konjac Gum
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Konjac Gum 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), 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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Baoji Konjac Chemical Ltd. (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Konjac Gum market by Type (Ordinary and Purified), Application (Foods, Agriculture, Medical & Pharmaceutical, Chemical, Petroleum, Printing and Dyeing) and Region.
On the basis of geography, the market of Konjac Gum 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 Form, the sub-segment i.e. Capsule will boost the Konjac Gum market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Channel will boost the Konjac Gum market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Benefits, the sub-segment i.e. Weight Control will boost the Konjac Gum market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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 Leaders and their expansionary development strategies
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.
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.
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
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.