PUNE, India, Nov. 2, 2020 /PRNewswire/ -- According to a recent market study published by Growth Market Reports (GMR), titled, "Konjac Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast", the market was valued at USD 2,069 Million in 2019 and is expected to grow at a growth rate of 8.3% by the year 2027. The global Konjac market is anticipated to grow owing to surge in the rise in demand for nutritional foods, which contributes for the growth of the market. The rising adoption of new cuisines has led to the rise in demand for the konjac based products, thereby boosting the growth of the market.
Buy this report from: https://growthmarketreports.com/report/konjac-market-global-industry-analysis
The global konjac market is fragmented based on product types, by functions, by applications and region. Based on product types, the konjac market is segmented into konjac flour, dietary fibers, gum and gels, and others. Based on functions, the konjac market is segmented into gelling agents, thickener, film former, emulsifier, stabilizer and others. Based on application, the market is classified as food products, pharmaceuticals, chemicals, and others. Based on region, the global konjac market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as US, and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa (MEA).
In the year 2020, the konjac market is expected to witness the sluggish growth due to COVID 19 pandemic. In year 2020, The market is expected to grow at year-on-year growth rate of 4.1% between 2019 and 2020 owing to Covid-19 situation and slowdown in the economic activities. The shutdown of production activities, restrictions on transportation activities, are some of the prime reasons responsible for this market trend. However, the market is expected to grow at a slow pace in future. Increase in manufacturing and processing companies along with increasing demand for dietary supplements and low-calorie food products around the world boosts the demand for the product.
Request a free sample copy: https://growthmarketreports.com/request-sample/60
Key Takeaways from the Study:
APAC accounts for a significant of the market, followed by North America. The market in APAC is projected to expand at fastest CAGR during the forecast period.
In terms of value, the food products segment is projected to increase at a substantial CAGR during the forecast timeline. Konjac is used in several food products, which contributes to the segmental growth.
Read 259 Pages Research Report With TOC on "Global Konjac Market By Product Types (Flour, Dietary Fibers, Gum & Gel, and Others), By Functions (Gelling Agent, Thickener, Film Former, Emulsifier, Stabilizer, and Others) By Application (Food Products, Pharmaceuticals, Chemical and Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) Size, Share And Trends"
Enquiry Before Buying of This Report: https://growthmarketreports.com/enquiry-before-buying/60
Key Segments Covered
Gums and Gels
Rest of Latin America
Rest of the Europe
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Key Market Players Profiled in the Report
Hubei Yizhi Konjac Biotechnology Co., Ltd
Shanghai Brilliant Gum Co.,Ltd
Henan Xin Industry Co.,Ltd
Boston Scientific Corporation
Baoji Konjac Chemicals Co., Ltd
Shaanxi Jintai Konjac Industrial Development Co., Ltd.
The Konjac Sponge Company
Supply-side: Konjac manufacturers, raw material suppliers, primary respondents, and distributors.
Demand Side: Adults, Millennials, Teenagers, etc.
Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
Associations and Industry Bodies: Commercial research & development (R&D) institutions, Food Safety and Standards Authority of India, Food and Drug Administration, European Commission, and other regulatory bodies
Other Trending Reports:
Global Hard Seltzer Market By ABV Content (1.0-4.9%, 5.0-6.9%, More than 6.9%), By Distribution Channel (Off-trade, On-trade), and Region (North America, Latin America, Europe, Asia Pacific, Latin America and Middle East & Africa)
Global Board Games Market by Product Types (Table Top Games, Card and Dice Games, Collectible Card Games, Miniature Games, and RPG Games) By Game Type (Strategy and War Games, Educational Games, Fantasy Games, Sport Games, and Others) By Material (Plastic, Wood and Cardboard, and Others) By Distribution Channel (Online, Offline) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)
Global Vertical Furnace Market By Type (Wafer Size: up to 150mm, Wafer Size: 151mm – 200mm and Wafer Size: 201mm – 300mm), By Method (LPCVD, PECVD, Thermal Oxidation, and Others) By Application (Advanced Packaging, Semiconductor, and Others), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Global Small Modular Reactors Market by Type (molten salt reactors (MSR), pressurized water reactor (PWR), sodium fast reactor (SFR), high temperature reactor (HTR), fast neutron reactor (FNR), and others), By Application (power and energy, oil and gas, shipping and others) By and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
About Growth Market Reports:
GMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Industry Intelligence Solutions". GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.
1st Floor, Kalpavruksha Office No 1,
GK Lane Number 3,
Ingawale Nagar, Pimple Nilakh, Pune,
Phone: +1 909 545 6473
Read our news: https://businessmirrornews.com
SOURCE Growth Market Reports