The Asia Pacific Konjac Market would witness market growth of 8.0% CAGR during the forecast period (2022-2028).
Glucomannan is made up of long-chain carbs and is categorized as a difficult-to-digest fiber. Its fiber lowers blood pressure and cholesterol. A tuber is a konjac plant. The tuber is used in the preparation of foods such as noodles, pasta, and flours.
Konjac is also employed as a thickening agent in the cuisine sector and a range of ethnic remedies. Customer awareness of the health advantages of dietary fibers has led to an increase in the use of konjac as a dietary supplement, which is one of the primary advantages of konjac plants.
These plants are used to make a variety of pharmaceuticals, including dietary fiber supplements, gels, capsules, and other products. Konjac has become increasingly popular in foods such as noodles, kinds of pasta, and ice creams. A valuable aspect of using konjac is that it lowers cholesterol.
The habit of Japanese people eating konjac meals daily is a crucial factor driving the industry in this region. However, sales of konjac gel meals have been declining as prices have risen. The Amorphophallus konjac plant is utilized to make konjac. The tubers of the konjac plant contain 40% glucomannan is extracted. In regions of Japan, South Korea, and China, konjac is a popular plant.
Konjac chips are in high demand in a lot of nations, including China. The chips would be dried and ground in these nations' konjac facilities. Konjac powder, also known as glucomannan powder, can be used for a variety of applications. Only a few nations have the capability of exporting konjac chips to other countries. Indonesia is one of the leading vendors of konjac chips. This nation's chips are of such high quality that they might produce great glucomannan powder. Additionally, Indonesian konjac chips are cost-effective. As a result, importers can receive the largest konjac chips without wanting to spend a lot of money.
The China market dominated the Asia Pacific Konjac Market by Country in 2021, and would continue to be a dominant market till 2018; thereby, achieving a market value of $132.7 million by 2018. The Japan market is poised to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.7% during (2022 - 2028).
Based on End Use, the market is segmented into Food & Beverages, Pharmaceutical, and Cosmetics. Based on Product Type, the market is segmented into Flour, Gum, Dietary Fiber, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets /Supermarkets, Specialty Stores, Online Channels, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Konjac Market is Projected to reach USD 1.5 Billion by 2028, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hubei Yizhi Konjac Biotechnology Co. Ltd., FMC Corporation, Baoji Konjac Chemical Co. Ltd., NOW Foods, Inc., Slendier Health Food and Wellness, Shanghai Brilliant Gum Co., Ltd. (BLG), Andi-Johnson Group, The Konjac Sponge Company, and NAH Foods Ltd. (Konjac Inov)
By End Use
By Product Type
By Distribution Channel
By Country
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