Konjac Root Fiber Market Predicted to Hit US$ 810 Million by 2033

The global konjac root fiber market is poised to achieve a valuation of US$ 390 million in 2023, with expectations of robust growth at a CAGR of 7.6%. This growth trajectory is projected to lead the market to reach a significant milestone of US$ 810 million by the conclusion of 2033.

Konjac root fiber, also recognized as glucomannan, stands as a dietary fiber extracted from the konjac plant's root. Its popularity as a dietary supplement is on the rise, driven by its potential health advantages and its capacity to support weight loss efforts. Konjac root fiber is particularly appealing due to its remarkably low calorie and carbohydrate content, rendering it suitable for a variety of dietary plans, including those that emphasize low-calorie or low-carb consumption.

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Key Takeaways from Market Study

  • The global konjac root fiber market is projected to expand at an impressive CAGR of 7.6% and be valued at US$ 810 million by 2033.
  • The market witnessed a CAGR of 10.1% for the period of 2018-2022.
  • The global konjac root fiber market is poised to create absolute dollar opportunity of around US$ 420 million during the forecast period.
  • By sales channel, B2B procurement is poised to grow with a CAGR of 7.1% during the forecast period.
  • Europe dominated the market with 29.8% market share in 2023.
  • Based on region, the konjac root fiber market is expected to increase at CAGRs of 7.6% and 7.7%, respectively, in United States and China.

“Increasing Adoption of Konjac Root Fiber in Gluten-free and Vegan Products is the major factor Uplifting the Market Growth,” says a Fact.MR analyst.

Competitive landscape:

Prominent konjac root fiber manufacturers are AuNutra Industries, Best Naturals, BulkSupplements, FMC Biopolymer, Greenutra Resource Inc, Herbadiet, Konjac Foods, Kowa India Pvt Ltd, Nature’s Why, Nova Nutritions, NOW Foods, Nutricost, Nutrigold, Precision Nutrition, Puritan’s Pride, Shimizu Chemical Corporation, Solaray Inc, TIC Gums, Xian Yuensun and other prominent market players.

Organizations give a critical piece of their income in research and development to determine issues and proposition effective fixes to attract new clients. In order to compete with other players, businesses are developing individualized solutions to issues that cater to industry-specific requirements.

Fact.MR has provided detailed information about the price points of key manufacturers of konjac root fiber positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Market Development

Market participants are choosing the best distribution channels to deliver target products successfully. It includes collaborations with other health-focused firms, retail partnerships, online sales channels, health food stores, etc. by making certain that glucomannan and konjac root fibre goods are of the highest caliber and have the appropriate certifications. This will help build trust among consumers and differentiate the products from competitors.

Market participants are consistently investing in R&D to discover new uses and advantages for glucomannan and konjac root fibre. Keeping up with the most recent research and trends in the world of dietary fibres can help to innovate and dominate the industry. Also they are collaborating with academic institutions, research centers, or other industry actors to support the advantages of glucomannan and konjac root fibre. Collaboration can improve the scientific underpinning of the products and create new growth prospects.

Segmentation of Konjac Root Fiber Industry Research:

  • By Sales Channel :
  • B2B Procurement
  • B2C Sales
  • By Application :
  • Weight Management
  • Cholesterol Reduction
  • Blood Sugar Reduction
  • Constipation Relieving
  • By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Oceania
  • Middle East & Africa

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Questionnaire answered in the Market outlook Report of Konjac root fiber include:

  • What is the key strategy deployed by large players to maximize Konjac root fiber Market growth?
  • What are the main challenges faced by players in the Konjac root fiber market Demand?
  • With the advent of technological advancement, how will the Konjac root fiber market landscape change over the forecast period?
  • What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Konjac root fiber market size?

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