Global Konjac Market to Be Worth $2.12Bn by 2030 as Consumers Embrace Functional Foods
A new report by 360i Research has found that the global konjac market will be worth $2.12 billion by 2030, growing with a CAGR of 8.61%. Konjac is an Asian plant commonly used to create flour, gels, chips, fiber, and gums. Many companies use these ingredients in plant-based products, including seafood, egg, and gelatin alternatives. Market growth will be driven by increased interest in functional foods, as well as rising awareness of konjac’s sustainability and health benefits; the plant is gluten-free, high in fiber, and is claimed to improve cholesterol metrics. Additionally, it is suitable for low-carb diets and is believed to promote healthy blood sugar levels. Konjac is currently most widely used in the Asia Pacific region, but is rapidly gaining traction in the …