Global Konjac Market: Snapshot
The global konjac market is poised to grow at stupendous pace during the forecast period of 2019 to 2028. Key factor driving the market growth is the increased demand for konjac from food and beverages sector. Konjac is an herb generally found in parts of Asia. It is also known as glucomannan. Owing to its wide range of features, konjac is gaining demand avenues from various end-user industries such as agriculture, food, and medical & pharmaceutical.
An upcoming research report from TMR on the global konjac market gives complete study of vital elements showing positive or negative impact on the growth of the market. At the same time, a dependable data on volume, shares, revenues, key players, and probable growth avenues in the konjac market is precisely covered in this report. Thus, the report works as a helpful guide to get all data and analysis on the global konjac market for the forecast period of 2019 to 2028.
The global konjac market is segmented on the basis of various key factors such as product type, end-use industry, and region.
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Global Konjac Market: Growth Dynamics
Konjac is gaining traction of major worldwide population owing to its different uses. It is widely used in the form of gum, powder, flour, and dietary fiber. Of them, konjac flour is witnessing remarkable demand from all across the world. Key reason for this stupendous demand is increasing use of konjac in the food and beverages industry as a thickener, ingredient, and additive. Thus, with growing requirement for thickening, gelling and stabilizing agents, the market for konjac will witness upward graph of sales in the upcoming period.
Konjac is in high demand in the healthcare sector owing to its various health benefits. It is found to be efficient in decreasing cholesterol levels in humans. Konjac holds fat reducing properties. As a result, it is widely used to minimize the obesity risks. Thus, it is safe to say that the growing number of people living with obesity and other health issues will stimulate the growth of the global konjac market in the upcoming years.
Global Konjac Market: Competitive Analysis
The global konjac market is fairly fragmented in nature. Presence of gamut of players indicates that the competitive landscape of the market for konjac is extremely intense. Vendors working in konjac market are using various tactics to maintain the leading market position. Some of the important strategies in trend today are partnerships, mergers, acquisitions, and collaborations. Apart from this, many vendors are focused on rolling out innovative products. These moves are helping them to attract new customer base while maintaining the existing ones. All these activities denote that the global konjac market will expand at a stupendous rate during the forecast period of 2019 to 2028.
The list of key players in the global konjac market includes:
- FMC Corporation
- Shaanxi Jintai Konjac Industrial Development Co., Ltd
- Henan Xin Industry Co. Ltd.
- Shanghai Brilliant Gum Co. Ltd.
- The Konjac Sponge Company
- Hubei Yizhi Konjac Biotechnology Co. Ltd
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Global Konjac Market: Regional Assessment
The global konjac market is spread across five key regions, namely, North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, Asia Pacific is one of the prominent regions of the market for konjac. Key reason supporting this prominence is the rising demand for konjac from Japan. Thus, the konjac market is estimated to witness increased demand in the upcoming period owing to increased inclination of major population from Japan to eat konjac on daily basis. However, owing to high prices of the products, the demand for konjac gel food products is declined in recent period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.