North America Konjac Market Size, Share & Industry Trends Analysis Report By End Use (Food & Beverages, Pharmaceutical, and Cosmetics), By Product Type, By Distribution Channel, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Konjac Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
Konjac products are also gaining greater widespread as a result of its prebiotic properties, which help to promote intestinal function, integrity, and immunity. In addition to its health benefits, konjac has food gelation, stabilizing, thickening, and emulsification properties. Konjac powder is commonly used as a vegan seafood alternative.
With its fat-burning qualities, konjac is also used to reduce cholesterol levels and overweight risks in humans. Over the last few years, market expansion has been driven by rising obesity cases and increasing health concerns. Significant demand for konjac flour for food additives, pharmaceuticals, healthy foods, and pet feeds in European and American nations has produced in strong demand for konjac flour. The demand for konjac products is also growing owing to their prebiotic characteristics, which aid in the improvement of gut function, integrity, and immune system
Certain naturally occurring fibers that are intrinsic and intact in plants, as well as extra synthetic and isolated non-digestible insoluble and soluble carbohydrates. Following an FDA evaluation of nine applicable clinical studies, six of which proved a physiological advantage to eating glucomannan in the form of a drop in overall and/or LDL cholesterol, glucomannan was granted permission.
Foods including vegetables, whole grains, cereal bran, fruits, flaked cereal, and flours contain naturally occurring or intrinsic fiber. Since the fibers have not been eliminated from the food, they are also deemed intact. According to the FDA, foods that contain these fibers have been proved to be beneficial, and producers do not need to show that they have favorable physiological effects on human health for them to be labeled as "dietary fibers" on the Nutritional Info or Supplement Facts panel.
The US market dominated the North America Konjac Market by Country in 2021, and would continue to be a dominant market till 2018; thereby, achieving a market value of $413 million by 2018. The Canada market is experiencing a CAGR of 9.3% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 8.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Konjac Market is Estimated to reach $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)
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Food & Beverages
By Product Type
- Dietary Fiber
By Distribution Channel
- Specialty Stores
- Online Channels
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Hubei Yizhi Konjac Biotechnology Co. Ltd.
- FMC Corporation
- Baoji Konjac Chemical Co. Ltd.
- NOW Foods
- Slendier Health Food and Wellness
- Shanghai Brilliant Gum Co., Ltd. (BLG)
- Andi-Johnson Group
- The Konjac Sponge Company
- NAH Foods Ltd. (Konjac Inov)