The Konjac Market is expected to reach US$ 1.69 Bn., with a CAGR of 6.95% for the period 2023-2029.
Konjac Market Overview:
The Konjac Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Konjac Market , as well as the reasons for variations in the industry’s growth in various locations.
Konjac Market Scope:
This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.
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Konjac Market Drivers:
The rise in consumption of low-calorie and carbohydrate goods like shirataki noodles, as well as rising health-conscious customers, are driving the konjac market forecast. Amorphophallus konjac flour is also gaining popularity as a gluten-free bread thickening. Konjac sponges are increasingly being employed in the cosmetics sector to meet the growing demand for natural-based products. Also, the growing popularity of konjac powder as a gentle face cleanser is help the industry’s growth in the future.
Konjac Market Segmentation:
by Form
Gum
Dietary fibres
Konjac flour
Gel
Sponge
by Application
Food products
Noodles
Pasta
Flour
Fruit jelly
Rice
Pharmaceuticals
Skin care products
Sponge
Gel
Cream
by End-user
Food
Pharmaceuticals
Personal care and cosmetics
Chemical
Nutritional industry
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Konjac Market Key Players :
The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Konjac Market are as follows:
1. Hubei Yizhi Konjac Biotechnology Co., Ltd
2. Zeroodle
3. Miracle Noodle
4. NAH Foods
5. IHerbs
6. Slendier
7. Shanghai Brilliant Gum Co. Ltd
8. Henan Xin Industry Co. Ltd.
9. Baoji Konjac Chemical Co., Ltd.
10.NOW Foods
11.FMC Corporation
12.Shaanxi Jintai Konjac Industrial Development Co., Ltd
13.The Konjac Sponge Company
14.Monkey King Food Co., Ltd,
15.Kalys S.A
16.Andi-Johnson Group
17.Others
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Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Konjac Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Konjac Market :
Due to a break in operations, end-user sectors where Konjac Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Konjac Market manufacturers, affecting the development of the Konjac Market in 2020. End-user business demand for Konjac Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Konjac Market Report are:
- Which segment had the largest share in the Konjac Market in 2021?
- What is the competitive landscape of the Konjac Market ?
- Which are the key drivers aiding the Konjac Market growth?
- Which region has the maximum share in the Konjac Market ?
- What will be the CAGR of the Konjac Market during the forecast period (2022-2027)?
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