Konjac Root Fiber Market
Konjac Root Fiber Market Forecasts to 2030 - Global Analysis By Type (Powder Type, Noodle Type and Other Types), Sales Channel (B2B Procurement and B2C Sales), Application (Weight Management, Cholesterol Reduction, Blood Sugar Reduction, Constipation Relieving and Other Applications) and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $390 MN |
|
Projected Year Value (2030) |
US $740.86 MN |
|
CAGR (2023 - 2030) |
9.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Konjac Root Fiber Market is accounted for $390 million in 2023 and is expected to reach $740.86 million by 2030 growing at a CAGR of 9.6% during the forecast period. The tuber of the Amorphophallus konjac plant yields the water-soluble dietary fiber known as konjac root fiber, which has several distinct qualities and health advantages. Moreover, konjac root fiber, which is high in glucomannan, a soluble fiber type, has become well-known for its capacity to absorb water and solidify into a gel-like substance in the digestive tract, which may help with weight management and satiety. It is also well known for its role in maintaining regular bowel movements and promoting the growth of good gut bacteria by functioning as a prebiotic.
According to the International Konjac Research Association, Konjac root fiber has been extensively studied for its positive impact on digestive health and its potential role in weight management. The association emphasizes the soluble fiber, glucomannan, found in Konjac root as a key contributor to its ability to promote a feeling of fullness, support regular bowel movements, and foster a healthy gut environment.
Market Dynamics:
Driver:
Growing awareness of wellness and health
The global shift in consumer preferences towards healthier options is driving the Konjac root fiber market. Consumers are actively looking for functional foods that have health benefits as they become more aware of the connection between nutrition and overall wellbeing. This trend is supported by konjac root fiber, which is well-known for its beneficial effects on digestive health and weight management. Additionally, the growing popularity of healthier lifestyles is driving up demand for products that include Konjac root fiber as a functional ingredient.
Restraint:
Challenges with texture and taste
Konjac root fiber has many health advantages, but in food formulations, it can cause problems with texture and flavor. In certain applications, not all customers will enjoy the gel-like texture that konjac creates when combined with water. Furthermore, its bland flavor might not always go well with the flavor profiles of some foods. Manufacturers must find innovative solutions to these problems in order to win over and satisfy customers.
Opportunity:
Growing consumer interest in natural and clean label products
Konjac root fiber has a significant opportunity as consumers prioritize natural and clean-label products more and more. Konjac root fiber is a natural, plant-based ingredient that fits in nicely with the clean label movement. Moreover, by utilizing Konjac root fiber in a variety of food and beverage formulations, manufacturers can take advantage of this opportunity by offering a clear and identifiable ingredient list that caters to consumer preferences.
Threat:
Allergen fears and consumer sensitivity
Although the fiber from konjac root is generally regarded as safe, there may be a risk because of consumer sensitivity and allergen concerns. Allergy responses or negative effects in certain people may cause bad press and undermine customer confidence. Furthermore, to reduce this danger and preserve consumer confidence, robust communication regarding potential allergens must be combined with clear and accurate labeling.
Covid-19 Impact:
The market for konjac root fiber has been greatly impacted by the COVID-19 pandemic. The production and distribution of products based on Konjac root fiber have been impacted by disruptions in global supply chains, logistical difficulties, and decreased manufacturing capabilities. Variations in consumer buying behavior during lockdowns and economic unpredictability have caused a change in the market's demand for particular food categories. Furthermore, growing interest in immune-boosting foods has been sparked by health concerns, which presents opportunities and challenges for Konjac root fiber producers to modify their business models in response to shifting consumer preferences and supply chain dynamics.
The Powder Type segment is expected to be the largest during the forecast period
The powder-type segment is anticipated to hold the largest share in the market due to its many applications in the food and beverage, pharmaceutical, and dietary supplement industries. Konjac root fiber powder is popular among manufacturers because of its water-absorbing qualities and ability to form a gel-like substance, which make it suitable for a variety of formulations, such as soups, sauces, and bakery products. Additionally, the powder form is simple to incorporate into different recipes and gives consumers an easy way to improve the nutritional profile of their meals.
The Weight Management segment is expected to have the highest CAGR during the forecast period
The weight management segment is anticipated to have the highest CAGR. The demand for weight management solutions has increased due to the rising global prevalence of obesity and the growing emphasis on healthy living. One important factor in these solutions is the unique properties of konjac root fiber. Konjac root fiber is well known for promoting feelings of fullness and satiety. Moreover, the weight management market is predicted to expand steadily as consumers place a higher priority on health and wellness. Konjac root fiber will play a major role in the formulation of products that promote healthy weight loss and maintenance.
Region with largest share:
The Asia-Pacific region is considered to be dominant because konjac root has been used in Asian cuisines for a long time, particularly in China, Japan, and South Korea. Konjac root fiber's popularity in the area has increased as more people become aware of its health advantages, which include its ability to help with digestion and weight management. Additionally, the market for Konjac root fiber has been driven by the successful food and beverage sector as well as a growing interest in natural and functional ingredients.
Region with highest CAGR:
The market for konjac root fiber is growing at the highest CAGR in North America. Konjac root fiber has become more popular in the area due to the growing emphasis on health and wellness as well as the increased demand for natural and functional food ingredients. Konjac root fiber is being added to a variety of food products due to the rising incidence of obesity and the trend towards healthier eating habits. Furthermore, fueling the market's explosive growth in North America is a surge in consumer preferences for low-calorie and gluten-free products.
Key players in the market
Some of the key players in Konjac Root Fiber market include Kowa India Pvt Ltd, Best Naturals, Herbadiet, AuNutra Industries, Konjac Foods, NOW Foods, Xian Yuensun, Greenutra Resource Inc, Shimizu Chemical Corporation, Nutrigold, Solaray Inc and Nova Nutritions.
Key Developments:
In September 2023, Adani Global Pte. Ltd., a subsidiary of Adani Enterprises Limited, has formalised a Joint Venture Agreement with Kowa Holdings Asia Pte. Ltd., Singapore. This agreement establishes a joint venture company in Singapore dedicated to marketing and selling green ammonia, green hydrogen, and their derivatives produced by the Adani Group. The newly formed entity will have an equal shareholding structure of 50 per cent each for Adani Global and Kowa Holdings Asia.
Types Covered:
• Powder Type
• Noodle Type
• Other Types
Sales Channels Covered:
• B2B Procurement
• B2C Sales
Applications Covered:
• Weight Management
• Cholesterol Reduction
• Blood Sugar Reduction
• Constipation Relieving
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Konjac Root Fiber Market, By Type
5.1 Introduction
5.2 Powder Type
5.3 Noodle Type
5.4 Other Types
6 Global Konjac Root Fiber Market, By Sales Channel
6.1 Introduction
6.2 B2B Procurement
6.3 B2C Sales
7 Global Konjac Root Fiber Market, By Application
7.1 Introduction
7.2 Weight Management
7.3 Cholesterol Reduction
7.4 Blood Sugar Reduction
7.5 Constipation Relieving
7.6 Other Applications
8 Global Konjac Root Fiber Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Kowa India Pvt Ltd
10.2 Best Naturals
10.3 Herbadiet
10.4 AuNutra Industries
10.5 Konjac Foods
10.6 NOW Foods
10.7 Xian Yuensun
10.8 Greenutra Resource Inc
10.9 Shimizu Chemical Corporation
10.10 Nutrigold
10.11 Solaray Inc
10.12 Nova Nutritions
List of Tables
1 Global Konjac Root Fiber Market Outlook, By Region (2021-2030) ($MN)
2 Global Konjac Root Fiber Market Outlook, By Type (2021-2030) ($MN)
3 Global Konjac Root Fiber Market Outlook, By Powder Type (2021-2030) ($MN)
4 Global Konjac Root Fiber Market Outlook, By Noodle Type (2021-2030) ($MN)
5 Global Konjac Root Fiber Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Konjac Root Fiber Market Outlook, By Sales Channel (2021-2030) ($MN)
7 Global Konjac Root Fiber Market Outlook, By B2B Procurement (2021-2030) ($MN)
8 Global Konjac Root Fiber Market Outlook, By B2C Sales (2021-2030) ($MN)
9 Global Konjac Root Fiber Market Outlook, By Application (2021-2030) ($MN)
10 Global Konjac Root Fiber Market Outlook, By Weight Management (2021-2030) ($MN)
11 Global Konjac Root Fiber Market Outlook, By Cholesterol Reduction (2021-2030) ($MN)
12 Global Konjac Root Fiber Market Outlook, By Blood Sugar Reduction (2021-2030) ($MN)
13 Global Konjac Root Fiber Market Outlook, By Constipation Relieving (2021-2030) ($MN)
14 Global Konjac Root Fiber Market Outlook, By Other Applications (2021-2030) ($MN)
15 North America Konjac Root Fiber Market Outlook, By Country (2021-2030) ($MN)
16 North America Konjac Root Fiber Market Outlook, By Type (2021-2030) ($MN)
17 North America Konjac Root Fiber Market Outlook, By Powder Type (2021-2030) ($MN)
18 North America Konjac Root Fiber Market Outlook, By Noodle Type (2021-2030) ($MN)
19 North America Konjac Root Fiber Market Outlook, By Other Types (2021-2030) ($MN)
20 North America Konjac Root Fiber Market Outlook, By Sales Channel (2021-2030) ($MN)
21 North America Konjac Root Fiber Market Outlook, By B2B Procurement (2021-2030) ($MN)
22 North America Konjac Root Fiber Market Outlook, By B2C Sales (2021-2030) ($MN)
23 North America Konjac Root Fiber Market Outlook, By Application (2021-2030) ($MN)
24 North America Konjac Root Fiber Market Outlook, By Weight Management (2021-2030) ($MN)
25 North America Konjac Root Fiber Market Outlook, By Cholesterol Reduction (2021-2030) ($MN)
26 North America Konjac Root Fiber Market Outlook, By Blood Sugar Reduction (2021-2030) ($MN)
27 North America Konjac Root Fiber Market Outlook, By Constipation Relieving (2021-2030) ($MN)
28 North America Konjac Root Fiber Market Outlook, By Other Applications (2021-2030) ($MN)
29 Europe Konjac Root Fiber Market Outlook, By Country (2021-2030) ($MN)
30 Europe Konjac Root Fiber Market Outlook, By Type (2021-2030) ($MN)
31 Europe Konjac Root Fiber Market Outlook, By Powder Type (2021-2030) ($MN)
32 Europe Konjac Root Fiber Market Outlook, By Noodle Type (2021-2030) ($MN)
33 Europe Konjac Root Fiber Market Outlook, By Other Types (2021-2030) ($MN)
34 Europe Konjac Root Fiber Market Outlook, By Sales Channel (2021-2030) ($MN)
35 Europe Konjac Root Fiber Market Outlook, By B2B Procurement (2021-2030) ($MN)
36 Europe Konjac Root Fiber Market Outlook, By B2C Sales (2021-2030) ($MN)
37 Europe Konjac Root Fiber Market Outlook, By Application (2021-2030) ($MN)
38 Europe Konjac Root Fiber Market Outlook, By Weight Management (2021-2030) ($MN)
39 Europe Konjac Root Fiber Market Outlook, By Cholesterol Reduction (2021-2030) ($MN)
40 Europe Konjac Root Fiber Market Outlook, By Blood Sugar Reduction (2021-2030) ($MN)
41 Europe Konjac Root Fiber Market Outlook, By Constipation Relieving (2021-2030) ($MN)
42 Europe Konjac Root Fiber Market Outlook, By Other Applications (2021-2030) ($MN)
43 Asia Pacific Konjac Root Fiber Market Outlook, By Country (2021-2030) ($MN)
44 Asia Pacific Konjac Root Fiber Market Outlook, By Type (2021-2030) ($MN)
45 Asia Pacific Konjac Root Fiber Market Outlook, By Powder Type (2021-2030) ($MN)
46 Asia Pacific Konjac Root Fiber Market Outlook, By Noodle Type (2021-2030) ($MN)
47 Asia Pacific Konjac Root Fiber Market Outlook, By Other Types (2021-2030) ($MN)
48 Asia Pacific Konjac Root Fiber Market Outlook, By Sales Channel (2021-2030) ($MN)
49 Asia Pacific Konjac Root Fiber Market Outlook, By B2B Procurement (2021-2030) ($MN)
50 Asia Pacific Konjac Root Fiber Market Outlook, By B2C Sales (2021-2030) ($MN)
51 Asia Pacific Konjac Root Fiber Market Outlook, By Application (2021-2030) ($MN)
52 Asia Pacific Konjac Root Fiber Market Outlook, By Weight Management (2021-2030) ($MN)
53 Asia Pacific Konjac Root Fiber Market Outlook, By Cholesterol Reduction (2021-2030) ($MN)
54 Asia Pacific Konjac Root Fiber Market Outlook, By Blood Sugar Reduction (2021-2030) ($MN)
55 Asia Pacific Konjac Root Fiber Market Outlook, By Constipation Relieving (2021-2030) ($MN)
56 Asia Pacific Konjac Root Fiber Market Outlook, By Other Applications (2021-2030) ($MN)
57 South America Konjac Root Fiber Market Outlook, By Country (2021-2030) ($MN)
58 South America Konjac Root Fiber Market Outlook, By Type (2021-2030) ($MN)
59 South America Konjac Root Fiber Market Outlook, By Powder Type (2021-2030) ($MN)
60 South America Konjac Root Fiber Market Outlook, By Noodle Type (2021-2030) ($MN)
61 South America Konjac Root Fiber Market Outlook, By Other Types (2021-2030) ($MN)
62 South America Konjac Root Fiber Market Outlook, By Sales Channel (2021-2030) ($MN)
63 South America Konjac Root Fiber Market Outlook, By B2B Procurement (2021-2030) ($MN)
64 South America Konjac Root Fiber Market Outlook, By B2C Sales (2021-2030) ($MN)
65 South America Konjac Root Fiber Market Outlook, By Application (2021-2030) ($MN)
66 South America Konjac Root Fiber Market Outlook, By Weight Management (2021-2030) ($MN)
67 South America Konjac Root Fiber Market Outlook, By Cholesterol Reduction (2021-2030) ($MN)
68 South America Konjac Root Fiber Market Outlook, By Blood Sugar Reduction (2021-2030) ($MN)
69 South America Konjac Root Fiber Market Outlook, By Constipation Relieving (2021-2030) ($MN)
70 South America Konjac Root Fiber Market Outlook, By Other Applications (2021-2030) ($MN)
71 Middle East & Africa Konjac Root Fiber Market Outlook, By Country (2021-2030) ($MN)
72 Middle East & Africa Konjac Root Fiber Market Outlook, By Type (2021-2030) ($MN)
73 Middle East & Africa Konjac Root Fiber Market Outlook, By Powder Type (2021-2030) ($MN)
74 Middle East & Africa Konjac Root Fiber Market Outlook, By Noodle Type (2021-2030) ($MN)
75 Middle East & Africa Konjac Root Fiber Market Outlook, By Other Types (2021-2030) ($MN)
76 Middle East & Africa Konjac Root Fiber Market Outlook, By Sales Channel (2021-2030) ($MN)
77 Middle East & Africa Konjac Root Fiber Market Outlook, By B2B Procurement (2021-2030) ($MN)
78 Middle East & Africa Konjac Root Fiber Market Outlook, By B2C Sales (2021-2030) ($MN)
79 Middle East & Africa Konjac Root Fiber Market Outlook, By Application (2021-2030) ($MN)
80 Middle East & Africa Konjac Root Fiber Market Outlook, By Weight Management (2021-2030) ($MN)
81 Middle East & Africa Konjac Root Fiber Market Outlook, By Cholesterol Reduction (2021-2030) ($MN)
82 Middle East & Africa Konjac Root Fiber Market Outlook, By Blood Sugar Reduction (2021-2030) ($MN)
83 Middle East & Africa Konjac Root Fiber Market Outlook, By Constipation Relieving (2021-2030) ($MN)
84 Middle East & Africa Konjac Root Fiber Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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