Konjac Flour Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2034
The konjac flour market is set to be valued at US$ 1,322.0 million in 2024 and is expected to reach US$ 1,683.0 million by 2034 due to increased consumer awareness of its health benefits. Manufacturers are exploring innovative product formulations and leveraging konjac’s versatility across various segments, resulting in a slow-paced CAGR of 2.4% from 2024 to 2034.
Konjac, a natural laxative, is gaining popularity as a
weight-loss aid due to its water-absorbing and detoxifying properties. Brands
like Knojac offer guilt-free indulgence, reducing appetites and quelling
hunger. Consumers are shifting to healthier alternatives, with manufacturers
focusing on producing healthy food that offers guilt-free indulgence without
compromising taste.
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Konjac flour is emerging as a star player in the flour
aisle, offering sustainable, cruelty-free credentials and adaptable solutions
for baking and dietary preferences. It is revolutionizing culinary creations
and driving industrialists to invest in research and development for various
products.
The market growth is driven by the increasing number of
obese individuals in the United States, with adults using dietary supplements
at 57.6%. The aging population in North America and the demand for dietary
supplements in the European population contribute to market growth. Unexploited
market opportunities in Asia Pacific countries are also strengthening regional
market expansion.
“The konjac flour market is experiencing growth due to
health consciousness, regulatory approvals, and demand from the food and
beverage industry. Despite high costs, technological advancements in the
production process are expected to make konjac flour more affordable. The
future of the konjac flour market is promising, with substantial growth
expected in the coming years.” – Says an analyst at FMI.
Key Takeaways of Konjac Flour Market
- The
konjac flour market in the United States is expected to experience a 5.9%
CAGR through 2034 due to the growing demand for natural and nutritious
food ingredients.
- Germany
is experiencing a fiber-fueled renaissance, with konjac flour set to
revolutionize the market by aiding weight loss and lowering cholesterol,
registering a 4.2% CAGR.
- China
is promoting the export of konjac flour, with a predicted 4.0% CAGR
through 2034.
- Japan’s
market is also set to progress at 4.0% due to its traditional use and the
popularity of shirataki noodles.
- India’s
konjac flour market is projected to rise at 4.3% through 2034 due to its
health benefits and potential for weight management.
Competitive Landscape
The konjac flour market is highly competitive, with major
players driving profitability and expanding their distribution networks.
Manufacturers are focusing on research and development to unlock the full
potential of konjac flour while also introducing new product ranges to ensure
global adoption. The market is evolving, with emerging segments like
sugar-free, vegan, and gluten-free products gaining prominence. Ready-to-use
konjac shakes are a promising development, revolutionizing consumer choices and
meal replacements.
Latest Development
- MoYu
introduced a “Better for You” baked goods application in 2023, featuring a
konjac-based mix for a healthier, low-calorie alternative to traditional
treats. This eco-friendly approach reduces environmental impact and
provides wholesome, nutritious products.
- Japanese
food company Tsutomu has launched SoyNyack, a low-calorie Soybean Konjac
Noodles with sesame dressing, in the US market. Tsutomu’s entry into the
United States market is an important step for the company, which has a
long history in the Japanese food industry.
Key Segmentation
By Applications:
- Food
& Beverages
- Agriculture
- The
Medical & Pharmaceutical Industry
By Function:
- Gelling
Agent
- Thickener
- Film
Former
- Emulsifier
- Stabilizer
By Region:
- North
America
- Latin
America
- Europe
- Asia
Pacific
- Middle
East and Africa
Information Source:
https://www.futuremarketinsights.com/reports/konjac-flour-market
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