Konjac Flour Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0195551
  • Format: Electronic (PDF)
  • Number of Pages: 208
  • Author(s): Joshi, Madhavi

Report Overview

The Konjac Flour Market size was estimated at USD 380 million in 2023 and is projected to reach USD 700 million by 2030, exhibiting a compound annual growth rate (CAGR) of 9.20% during the forecast period (2024-2030).

Konjac Flour Market

(Market Size)
$380 million
$700 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.20%
2023 Market Size USD 380 million
2030 Market Size USD 700 million
Key Players Hubei Yizhi, Baoji Konjac, Henan Xin Industry, Shanghai Brilliant Gum, Ishibashiya

Market Summary

The Konjac flour market is a niche but rapidly evolving segment within the global food and beverages industry, driven by increasing consumer awareness of health and wellness trends. Konjac flour, derived from the root of the konjac plant, is valued for its high glucomannan fiber content, which offers numerous functional and nutritional benefits. It serves as a versatile ingredient widely utilized as a thickener, gelling agent, and stabilizer in various food products. The market is characterized by a growing demand for plant-based, gluten-free, and low-calorie food alternatives, aligning with modern dietary preferences and lifestyle changes. Key applications include noodles, snacks, bakery products, and dietary supplements, with significant penetration in health-conscious consumer markets across North America, Europe, and Asia Pacific. The industry is supported by advancements in processing technologies and an expanding retail distribution network, including online channels, which enhance product accessibility. Leading producers are focusing on sustainable sourcing and clean-label products to meet regulatory standards and consumer expectations, further propelling market development.

Key Highlights

The Konjac flour market is distinguished by several key highlights that underscore its growth potential and industry significance. A primary factor is the exceptional functional properties of konjac flour, such as its high water-absorption capacity, which makes it an ideal ingredient for creating low-calorie and high-fiber food products. The market benefits from robust demand in the weight management and dietary supplement sectors, owing to glucomannan's proven health benefits, including cholesterol reduction and improved digestive health. Innovation in product formulations, such as konjac-based pasta, jelly, and vegan meat alternatives, is expanding its application scope and attracting a broader consumer base. The ingredient is also gaining traction as a natural and clean-label alternative to synthetic thickeners and stabilizers, resonating with the clean-eating trend. Geographically, Asia Pacific remains the dominant production and consumption hub, supported by traditional use and agricultural cultivation, while Western markets exhibit the highest growth rates due to rising health awareness. Strategic partnerships between manufacturers and food brands are enhancing market penetration and product diversity.

Drivers, Opportunities & Restraints

The Konjac flour market is propelled by several drivers, including the escalating consumer shift towards healthy and functional foods, particularly those offering weight management and digestive health benefits. The growing prevalence of obesity and diabetes globally is prompting individuals to seek low-glycemic and low-calorie dietary options, where konjac flour serves as an effective solution. Increasing vegan and plant-based dietary trends further accelerate demand, as konjac is a plant-derived ingredient suitable for various vegan formulations. Regulatory approvals and positive health claims regarding glucomannan in key regions like North America and Europe bolster consumer confidence and market growth. Opportunities abound in product innovation and expansion into new application areas such as beverages, confectionery, and pharmaceuticals, leveraging konjac's gelling and texturizing properties. The rise of e-commerce and digital marketing offers enhanced market reach and consumer engagement. However, the market faces restraints including supply chain vulnerabilities due to konjac's specific cultivation requirements, which are concentrated in certain Asian countries. Price volatility of raw materials and limited consumer awareness in emerging regions also pose challenges. Additionally, stringent food safety regulations and quality standards necessitate significant compliance efforts from manufacturers.

Concentration Insights

The Konjac flour market exhibits a concentrated production landscape, with a significant portion of cultivation and processing centered in East Asian countries, particularly China, Japan, and South Korea, where the konjac plant is indigenous and traditionally cultivated. China dominates global production, leveraging extensive agricultural expertise and large-scale farming operations, which ensure a steady supply of raw materials. The market features a mix of large multinational corporations and specialized regional players, with key companies including Shanghai Brilliant Gum, Hubei Yizhi Konjac Biotechnology, and The Konjac Sponge Company, which focus on integrated operations from farming to processing and distribution. Concentration is also evident in application segments, where food and beverage manufacturers partner with konjac producers to develop customized solutions. While Asia remains the epicenter of production, consumption is increasingly globalized, with North American and European companies expanding their presence through imports and local processing facilities. Mergers and acquisitions are common strategies for market consolidation and geographic expansion, enhancing competitive dynamics. The industry's concentration necessitates robust quality control and sustainable sourcing practices to meet international standards and consumer demands.

Type Insights

The Konjac flour market is segmented based on type, primarily into konjac gum and konjac flour, each with distinct properties and applications. Konjac flour, often referred to as konjac powder, is the finely milled form of the konjac root and is widely used as a dietary fiber supplement and food ingredient due to its high glucomannan content. It acts as a effective thickener, stabilizer, and gelling agent in various food products. Konjac gum, derived from further processing, is valued for its superior viscosity and is commonly utilized in industrial food applications requiring strong gel formation, such as in vegan gelatin products and meat alternatives. The market also sees differentiation based on organic and conventional types, with organic konjac flour gaining traction among health-conscious consumers seeking pesticide-free and sustainably produced ingredients. Product innovation led by companies like NOW Foods and Slendier focuses on enhancing purity and functionality, catering to diverse dietary needs. The type segmentation influences pricing and application suitability, with konjac gum typically commanding a premium due to its specialized processing.

Application Insights

Konjac flour finds extensive applications across the food and beverages industry, driven by its multifunctional properties as a thickener, stabilizer, and dietary fiber. A prominent application is in the production of konjac noodles, also known as shirataki noodles, which are low-carbohydrate and gluten-free, popular in weight management diets and Asian cuisines. The bakery and confectionery segment utilizes konjac flour as a fat replacer and texture modifier in products like bread, cakes, and gummies, enhancing moisture retention and shelf life. In the snacks sector, it is used to create healthy chips and crisps with reduced calorie content. The dietary supplements industry leverages konjac's glucomannan for capsules and powders aimed at cholesterol control and digestive health. Emerging applications include plant-based meat alternatives, where konjac flour improves texture and binding, and beverages, where it acts as a fiber fortifier. The pharmaceutical industry incorporates it into formulations for its satiety-inducing and laxative properties. Companies such as Miracle Noodle and NuPasta are pioneering branded products that highlight these applications, expanding consumer accessibility and market reach.

Regional Insights

The Konjac flour market demonstrates distinct regional dynamics, with Asia Pacific leading both production and consumption, rooted in traditional use and widespread cultivation in China, Japan, and Southeast Asia. China is the largest producer and exporter, supported by favorable climatic conditions and advanced processing infrastructure. Japan and South Korea are significant consumers, with konjac-based products like konnyaku and shirataki noodles being dietary staples. North America and Europe represent high-growth regions, driven by increasing health awareness, rising demand for gluten-free and plant-based foods, and robust retail distribution networks. The United States and countries like Germany and the UK are key markets, where konjac flour is gaining popularity in health food stores and online platforms. Latin America and Middle East & Africa are emerging regions, with growing consumer interest in functional ingredients, though market penetration remains limited by lower awareness and distribution challenges. Regional regulatory frameworks, such as FDA approvals in the US and EFSA certifications in Europe, play a crucial role in market access and product positioning. Companies are tailoring marketing strategies to regional preferences, emphasizing health benefits and culinary versatility.

Company Insights

The Konjac flour market is competitive, with several key players driving innovation and market expansion. Leading companies include Shanghai Brilliant Gum, a major manufacturer specializing in konjac gum and flour with a strong export focus, and Hubei Yizhi Konjac Biotechnology, which integrates cultivation, processing, and R&D to produce high-purity konjac products. The Konjac Sponge Company, known for its skincare products, also ventures into food-grade konjac flour, emphasizing organic and sustainable practices. NOW Foods, a prominent health supplement brand, offers glucomannan capsules and powders, leveraging its distribution network in North America. Slendier and Miracle Noodle focus on consumer-facing products like ready-to-eat konjac noodles and meals, targeting health-conscious demographics. These companies invest in research to enhance product quality and expand application ranges, often pursuing certifications like organic, non-GMO, and gluten-free to meet consumer demands. Strategic initiatives include partnerships with food manufacturers, geographic expansion into Western markets, and digital marketing campaigns to educate consumers. The competitive landscape is characterized by a blend of agricultural producers, processors, and branded product manufacturers, all emphasizing quality, sustainability, and health benefits.

Recent Developments

Recent developments in the Konjac flour market highlight ongoing innovation and strategic movements aimed at capitalizing on growing health trends. Key players have launched new product lines, such as konjac-based rice and pasta alternatives, to diversify offerings and tap into the demand for low-carb and gluten-free staples. Companies like Miracle Noodle and NuPasta have expanded their distribution networks through partnerships with major retailers and online platforms, enhancing market accessibility. There is increased investment in sustainable farming practices and organic certification to appeal to environmentally conscious consumers, with initiatives focusing on water conservation and reduced chemical use in konjac cultivation. Technological advancements in processing have improved the purity and functional properties of konjac flour, enabling broader application in meat analogues and dairy alternatives. Regulatory developments, including strengthened food safety standards and health claim approvals in regions like Europe, are shaping market entry strategies. Additionally, mergers and acquisitions have been observed, such as larger food conglomerates acquiring specialized konjac producers to integrate this ingredient into their product portfolios, signaling market consolidation and growth potential.

Report Segmentation

This report on the Konjac flour market provides a detailed segmentation analysis to offer comprehensive insights into industry dynamics. The market is segmented by type into konjac flour and konjac gum, each analyzed for their distinct characteristics, applications, and market share. Application segmentation covers food and beverages, including sub-categories such as noodles, bakery, snacks, dietary supplements, and others, highlighting growth drivers and consumer preferences within each segment. Geographical segmentation includes regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, with country-level analysis for key markets like the US, China, Japan, Germany, and Brazil, focusing on production, consumption patterns, and regulatory environments. The report also segments the market by form, such as powder and liquid, and by distribution channel, including direct, indirect, online, and offline retail, providing insights into supply chain and sales strategies. Company profiling covers leading players, their market positioning, product portfolios, and recent strategies. This multidimensional segmentation enables stakeholders to identify opportunities, understand competitive landscapes, and make informed decisions based on granular market data.

FAQs

What is konjac flour made from? Konjac flour is derived from the root of the konjac plant, specifically from the corm which is rich in glucomannan, a soluble dietary fiber. The root is dried and ground into a fine powder, which is then used as a functional ingredient in various food and beverage applications due to its thickening and gelling properties.

What are the health benefits of konjac flour? Konjac flour offers numerous health benefits, primarily attributed to its high glucomannan content. It aids in weight management by promoting satiety and reducing calorie intake, helps lower cholesterol levels, improves digestive health by acting as a prebiotic, and regulates blood sugar levels, making it beneficial for individuals with diabetes.

How is konjac flour used in cooking? Konjac flour is used as a thickener, stabilizer, and gelling agent in cooking. It is commonly incorporated into recipes for noodles, sauces, soups, and baked goods to enhance texture without adding calories. It is also popular in vegan and gluten-free recipes as an egg substitute or to improve moisture retention.

Is konjac flour gluten-free? Yes, konjac flour is naturally gluten-free, making it an excellent alternative for individuals with celiac disease or gluten intolerance. It is widely used in gluten-free food products to provide texture and nutritional benefits without compromising dietary restrictions.

Where can I buy konjac flour? Konjac flour is available for purchase through various channels, including health food stores, specialty grocery stores, online retailers, and directly from manufacturers' websites. It is often sold in powder form or as part of finished products like noodles and supplements.

Citius Research has developed a research report titled “Konjac Flour Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Konjac Flour Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Konjac Flour Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Konjac Flour Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Konjac Flour Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Konjac Flour Market
• Research Methodology
• Executive Summary
• Market Dynamics of Konjac Flour Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Konjac Flour Market
• Cost and Gross Margin Analysis of Konjac Flour Market
• Konjac Flour Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Konjac Flour Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Konjac Flour Market Key Stakeholders

Below are the key stakeholders for the Konjac Flour Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Konjac Flour Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Konjac Flour Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Konjac Flour Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Konjac Flour Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Konjac Flour Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Konjac Flour Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Konjac Flour Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Konjac Flour Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Konjac Flour Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Konjac Flour Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Konjac Flour Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Konjac Flour Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Konjac Flour Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Konjac Flour Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Konjac Flour Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Konjac Flour Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Konjac Flour Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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