The konjac flour market is presently valued at US$ 1,322.0 million in 2024 and is anticipated to reach US$ 1,683.0 million by 2034. This growth trajectory is fueled by heightened consumer awareness regarding the health benefits of konjac flour.
Manufacturers are exploring innovative product formulations and capitalizing on the versatility of konjac across various segments. As a result, the market is expected to exhibit a sluggish CAGR of 2.4% during the forecast period.
Attributes | Details |
---|---|
Market Value for 2024 | US$ 1,322.0 million |
Projected Market Value for 2034 | US$ 1,683.0 million |
Value-based CAGR of Market for 2024 to 2034 | 2.4% |
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Formulating innovative products with konjac flour in the food industry increases its demand. On the other hand, konjac flour's function as a thickener in product manufacturing is apparent.
The food application section is projected to capture a 65.3% market share in 2024. The increasing demand for konjac powder in developing various food products on a large and small scale accelerates market growth. People love using konjac powder to make noodles and baked goods. It is also added to sauces, gravies, soups, and stews.
The food industry is continuously investing in producing new products due to this flour’s multiple benefits and gaining popularity among consumers. Now, manufacturers are coming up with many konjac supplements that help in losing weight too.
Attributes | Details |
---|---|
Application | Food |
Market Share (2024) | 65.3% |
Konjac powder is becoming popular as a thickener and is expected to capture a 25.6% market share in 2024. This is a super thickener found in nature, much stronger than cornstarch. Restaurants use it to thicken gravies, soups, and sauces. Bakeries also add it to baked goods to make them thicker and healthier.
This flour, with glucomannan fiber, is a versatile ingredient that can help to thicken liquids. This creates a fabulous texture in products that expand the product's popularity in the market. Market players are manufacturing multiple products to attract consumer interest and keep them in demand, enhancing market growth.
Attributes | Details |
---|---|
Function | Thickener |
Market Share (2024) | 25.6% |
The market in North America is anticipated to surge, especially with the aging population driving supplement usage; substantial growth opportunities lie ahead. The increasing number of obese individuals in the United States fuels market growth; according to CDC data, 57.6% of adults use dietary supplements.
The population's demand for dietary supplements is contributing to market growth in Europe. Stringent regulatory frameworks regarding dietary supplement sales in Europe provide a supportive environment for market expansion.
The presence of unexploited market opportunities in Asia Pacific to further strengthen regional market expansion during the prediction period. International market players are increasing their manufacturing base and product portfolios across countries like India, China, and Japan to tap into the vast market potential.
Countries | CAGR (2024 to 2034) |
---|---|
United State | 5.9% |
Germany | 4.2% |
China | 4.0% |
Japan | 4.0% |
India | 4.3% |
The United States konjac flour market is expected to experience a 5.9% CAGR through 2034, marking a steady ascent and significant challenge.
The United States is witnessing a surge in demand for natural and nutritious food ingredients like konjac, due to its multiple health benefits. The FDA gave its approval in January 2020 for konjac powder to be listed among the ingredients in food and supplements sold in the United States that contain dietary fiber.
The United States food industry is incorporating konjac powder into pasta, bread, and baked goods to meet this demand. The growing demand for gluten-free products is aiding in expanding the market growth rate.
Germany is projected to register a 4.2% CAGR in the market between 2024 and 2034, outperforming other European countries.
Konjac powder has revolutionized the market in Germany by targeting weight loss and lowering cholesterol among consumers. In Germany, this flour is experiencing recognition within gluten-free diets, fueled by FDA approval as a dietary fiber that accelerates market growth. The spaghetti-shaped Vitanu Organic Konjac Flour debuted in Germany in March 2024.
The konjac flour market is predicted to develop at a CAGR of 4.0% in China during the forecast period, with various factors influencing this growth.
Konjac powder created in China is exported to numerous regions, with 60% of its products being exported to Europe, North America, Japan, and Southeast Asia, representing a steady growth of the market. Ancient Chinese medicine occasionally makes use of konjac powder as well.
The market in Japan is projected to rise at a CAGR of 4.0% through 2034. Japan's market dynamics have driven the rise of konjac powder, a modest root vegetable with unexpected potential despite its timid origins.
One common component in many traditional cuisines is konjac, which is also used as a vegan alternative to gelatin. Used in stir-fries, ready-to-eat meals, and other dishes, it has long been a staple of Japanese cuisine. The culinary ballet showcases the evolution of konjac flour from tradition to innovation, showcasing Japan's enduring love for shirataki noodles and setting the stage for a global encore.
The market in India is projected to progress at a CAGR of 4.3% through 2034, driven by various factors. While it may seem that this flour is becoming exceedingly popular, it has actually been used for centuries in India as tapioca flour.
India's health-conscious people are enamored with konjac. It's a medicinal corm rich in properties that aid in weight management, act as a laxative, and remove toxins. Due to its health benefits and nutritional value, this flour is in high demand.
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The konjac flour market competition runs high as major players with innovative strategies at the helm. Manufacturing leaders drive profitability and leave no stone unturned to bolster their market presence.
The competitor’s fervent dedication to research and development, where the industries strive to unlock the full potential of konjac powder. Manufacturers are making efforts to expand the distribution network and introduce captivating product ranges are underway, ensuring global adoption by the target consumer.
The market evolves, with consideration to increasingly turning to emerging segments like sugar-free, vegan, and gluten-free products. Manufacturers are leveraging these opportunities to innovate new products from konjac powders.
Read-to-use konjac shakes are an exciting development crafted with multiple benefits that are poised to revolutionize consumer choice and approach to meal replacements, fueling the market growth and driving the demand for konjac flour-based options.
Recent Developments
The market size is estimated to be US$ 1,322.0 million in 2024.
The market is expected to increase at a CAGR of 2.4% during the forecast period.
The market is expected to register a CAGR of 4.0% in China from 2024 to 2034.
The market is forecasted to reach a size of US$ 1,683.0 million by 2034.
Hubei Yizhi Konjac Biotechnology Co., Ltd, Zeroodle, Miracle Noodle, NAH Foods, Shanghai Brilliant Gum Co. Ltd, Henan Xin Industry Co. Ltd., Baoji Konjac ChemicalCo., Ltd., NOW Foods.
Konjac powder is highly applied in the food industry as a thickening agent.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Applications 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Applications, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Applications, 2024 to 2034 5.3.1. Food & Beverages 5.3.2. Agriculture 5.3.3. The Medical & Pharmaceutical Industry 5.4. Y-o-Y Growth Trend Analysis By Applications, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Applications, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Function 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Function, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Function, 2024 to 2034 6.3.1. Gelling Agent 6.3.2. Thickener 6.3.3. Film Former 6.3.4. Emulsifier 6.3.5. Stabilizer 6.4. Y-o-Y Growth Trend Analysis By Function, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Function, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Applications 8.2.3. By Function 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Applications 8.3.3. By Function 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Applications 9.2.3. By Function 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Applications 9.3.3. By Function 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Applications 10.2.3. By Function 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Applications 10.3.3. By Function 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Applications 11.2.3. By Function 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Applications 11.3.3. By Function 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Applications 12.2.3. By Function 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Applications 12.3.3. By Function 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Applications 13.2.3. By Function 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Applications 13.3.3. By Function 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Applications 14.2.3. By Function 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Applications 14.3.3. By Function 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Applications 15.1.2.2. By Function 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Applications 15.2.2.2. By Function 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Applications 15.3.2.2. By Function 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Applications 15.4.2.2. By Function 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Applications 15.5.2.2. By Function 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Applications 15.6.2.2. By Function 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Applications 15.7.2.2. By Function 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Applications 15.8.2.2. By Function 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Applications 15.9.2.2. By Function 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Applications 15.10.2.2. By Function 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Applications 15.11.2.2. By Function 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Applications 15.12.2.2. By Function 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Applications 15.13.2.2. By Function 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Applications 15.14.2.2. By Function 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Applications 15.15.2.2. By Function 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Applications 15.16.2.2. By Function 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Applications 15.17.2.2. By Function 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Applications 15.18.2.2. By Function 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Applications 15.19.2.2. By Function 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Applications 15.20.2.2. By Function 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Applications 15.21.2.2. By Function 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Applications 15.22.2.2. By Function 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Applications 15.23.2.2. By Function 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Applications 16.3.3. By Function 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Hubei Yizhi Konjac Biotechnology Co., Ltd 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Zeroodle 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Miracle Noodle 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. NAH Foods 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Shanghai Brilliant Gum Co. Ltd 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Henan Xin Industry Co. Ltd. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Baoji Konjac ChemicalCo., Ltd. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. NOW Foods. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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