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 intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Konjac Market