PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616291
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616291
The Global Konjac Flour Market was valued at USD 1.28 billion in 2023 and is projected to grow at a 2.6% CAGR from 2024 to 2032. The market's recent growth can be attributed to increasing consumer awareness and a rising demand for health-focused, plant-based foods. Originating from Southeast Asia, konjac flour is derived from a tuber known for its high fiber content and low caloric value, making it a popular choice in dietary products, especially in Western markets. As global business trends in the Konjac flour market shift, there is a pronounced emphasis on innovative product formulations and a broader product portfolio to cater to varied consumer preferences. Manufacturers are diversifying their offerings, prominently featuring konjac flour in products like low-calorie snacks, gluten-free baked goods, and plant-based meats.
This approach seeks to capitalize on Konjac flour's versatility and its numerous functional advantages. Additionally, manufacturers are increasingly turning to e-commerce platforms, a trend that gained momentum during the pandemic, enhancing brand visibility and facilitating direct consumer engagement. Once predominantly rooted in Asia, the Konjac flour market is making significant inroads into Western territories. Historically, konjac flour products found their primary audience in Asia, notably in Japan and China.
However, over the past decade, North America and Europe have emerged as pivotal markets, driven by a growing fascination with Asian cuisine and a broader global culinary exploration. Furthermore, manufacturers are innovating and developing konjac flour-based products that cater to specific dietary preferences, including keto, gluten-free, and diabetic-friendly options, appealing to a diverse and health-conscious demographic. The overall industry is divided into grade, application, and region. The food-grade segment of the Konjac flour market was valued at USD 900 million in 2023 and is projected to grow at a CAGR of 2.8% from 2024 to 2032. The rising consumer shift towards low-calorie, high-fiber foods has spurred demand for food-grade konjac flour.
Market Scope | |
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Start Year | 2023 |
Forecast Year | 2024-2032 |
Start Value | $1.28 Billion |