Glucomannan Market Size (2024 - 2030)

The Global Glucomannan Market was valued at USD 2.24 Billion and is projected to reach a market size of USD 3.91 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 8.3%.

Glucomannan is procured from the konjac plant, specifically from its extract known as Amorphophallus konjac. It serves as an organic source of beta-glucan, a soluble fiber acknowledged for its water-absorbing traits. The soluble fiber plays a pivotal role in moderating the tempo of digestion, sustaining normal blood sugar levels, and enriching the absorption of nutrients. Despite being copious in dietary fiber, glucomannan has negligible calorie content and is notably low in proteins and vitamins. Glucomannan is extensively accessible as a supplement and is also utilized in multiple food products, encompassing drink mixes, pasta, flour, tofu, noodles, and konjac jelly. Aside from its use as a nutritional supplement, glucomannan is also utilized as a food additive owing to its emulsifying and thickening capabilities, which are denoted by the E-number E425-ii. Its remarkable ability to absorb water sets it apart as one of the most viscous dietary fibers known. When added to water, even a diminutive amount of glucomannan transforms into a gel-like substance. These unique characteristics are believed to contribute to its potential effects on weight loss.

Global Glucomannan Market Drivers:

The growing utilization of glucomannan for weight loss management is fueling the growth of the Global Glucomannan Market.

Glucomannan, a water-soluble dietary fiber, offers various weight-loss mechanisms akin to other soluble fibers. It is low in calories and expands in the stomach, which induces a sense of fullness and reduces subsequent food intake. By slowing stomach emptying, it enriches satiety, while also declining the absorption of protein and fat. Furthermore, glucomannan acts as a nourishment source for good bacteria, which generate short-chain fatty acids that combat weight gain. Notably, glucomannan's outstanding viscosity sets it apart from other soluble fibers, further enhancing its efficacy in supporting weight loss endeavors. Therefore, this factor propels the demand for glucomannan.

The positive impact of glucomannan on heart health is another factor contributing to the growth of the Global Glucomannan Market.

Glucomannan not only has the potential to aid in weight loss but also offers favorable effects on heart disease risk factors. By a comprehensive evaluation of 14 studies, glucomannan can cut down total cholesterol, LDL cholesterol, triglycerides, and fasting blood sugar levels. It attains these benefits by lowering cholesterol absorption in the gut. This signifies that incorporating glucomannan into one's diet may aid in declining the risk of heart ailment and type 2 diabetes. Therefore, this factor also propels the demand for glucomannan.

Global Glucomannan Market Challenges:

The Global Glucomannan Market is encountering challenges, primarily in terms of its side effects. When consuming glucomannan, it's crucial to exercise caution due to its potential to expand in the throat or esophagus, which can lead to a choking or blockage risk. Moreover, glucomannan has the potential to affect the absorption of oral medications, encompassing sulfonylurea utilized for diabetes treatment. Thus, these challenges inhibit the growth of the Global Glucomannan Market.

Global Glucomannan Market Opportunities:

Market expansion strategies present a lucrative opportunity in the Global Glucomannan Market. The demand for glucomannan is augmenting owing to its advantages, including weight loss management, low cholesterol levels, and improve heart disease risk factors. Businesses specializing in the production of glucomannan-incorporated products can attain considerable benefits from this opportunity by broadening their product offerings to emerging markets, encompassing Brazil, South Korea, Poland, Turkey, and Mexico. By pursuing this expansion, companies can broaden their customer base and drive a notable increase in their overall revenue.

COVID-19 Impact on the Global Glucomannan Market:

The Global Glucomannan Market has been considerably influenced by the COVID-19 outbreak. As a result of rigorous lockdowns, travel restrictions, and social distancing measures, the demand for glucomannan waned. Delays in the expedient manufacturing and distribution of goods and services have also been caused by the pandemic's influence on the market's supply chain. Numerous individuals encountered financial uncertainty, causing a decline in spending on non-essential items. The export of glucomannan decreased in several countries, and both public and private organizations dealt with a paucity of workers for production, transportation, and documentation tasks associated with glucomannan. These factors negatively impacted the market's growth. Despite these challenges, the market is likely to rebound alongside the global recovery from the pandemic.

Global Glucomannan Market Recent Developments:

• In October 2021, Nippon Trends Food Service, Inc. (NTF), a US-based company known for its authentic ramen noodles in Silicon Valley, introduced a new product called "RAMEN Z". This konjac ramen is available in Tonkotsu and Miso flavors, striving to offer both health benefits and deliciousness. 

• In February 2021, Nature's Way, a prominent supplement manufacturer, acquired Baze, a pioneer in personalized nutrition. Baze utilizes an evidence-based approach to enhance consumer wellness. Their Starter kit includes an at-home blood test to assess micronutrient levels and provides customized supplement and food plans to address deficiencies.

• In February 2021, Tsutomu Foods Co., Ltd. launched a new product known as SoyNyack Gluten-free Konjac Noodles in the United States. The new product comprises healthy ingredients like soybeans and konjac glucomannan. This move allows the Japanese company to make their delicious and authentic Japanese product easily accessible to consumers in the US market.

GLUCOMANNAN MARKET REPORT COVERAGE:

Global Glucomannan Market Segmentation: By Function

• Gelling Agents

• Thickeners

• Film Formers

• Emulsifiers

• Stabilizers

• Others

In 2022, the thickeners segment held the highest market share. The growth can be ascribed to the rising adoption of glucomannan in household settings as a thickening agent in various food products. Glucomannan powder is considered a versatile and effective thickening agent that can be largely utilized in cooking and baking. Konjac glucomannan powder is mixed with cold water, broth, or stock first and then added to foods like low-card gravies, sauces, soups, stews, casseroles, puddings, and fillings to enrich their thickness.

Global Glucomannan Market Segmentation: By Form

• Powder

• Capsules

• Tablets

• Liquid

In 2022, the powder segment held the highest market share. The growth can be ascribed to the extensive utilization of konjac glucomannan powder in the food & beverages and pharmaceutical industries owing to its various beneficial properties. It possesses extended shelf life, remarkable water-binding properties, the capability to avert liquid separation, and the capacity to defer crystal formation. As a result of its wide assortment of applications in the food & beverage as well as the pharmaceutical industries, the demand for konjac glucomannan powder is anticipated to experience rapid growth throughout the forecast period.

Global Glucomannan Market Segmentation: By Application

• Food & Beverages

• Pharmaceuticals

• Chemicals

• Others

In 2022, the food & beverages segment held the highest market share. The growth can be ascribed to the extensive utilization of glucomannan as an emulsifying and thickening agent in diverse food and beverage items. Glucomannan can be found in sweets, chocolates, gummies, and jelly under the confectionery category. It is used in fiber drinks, soft drinks, and prepared soups as well. Additionally, glucomannan is employed in bakery items, encompassing bread, cake, pancakes, pastries, and doughnuts. It is also utilized in spreads like fruit spreads, honey spreads, and cheese spreads.

Global Glucomannan Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

The region of North America dominated the Global Glucomannan Market in the year 2022. The augmenting demand for glucomannan as a thickening agent in various food products, the increasing demand for natural and organic foods and beverages, the rising cases of obesity, and a growing need for dietary supplements are some of the pivotal factors propelling the region's growth. Furthermore, North America is home to several prominent market players, including Nature's Way Products, LLC, AuNutra Industries, Inc., Carlyle Nutritionals LLC, TIC Gums, Inc., and Konjac Foods. The region of Asia-Pacific is anticipated to expand at the quickest rate over the forecast period 2023-2030 owing to the extensive cultivation of glucomannan in nations like China, Japan, and Indonesia, the augmenting demand for konjac glucomannan-based products, and the strong presence of key market players, including Hubei Yizhi Konjac Biotechnology Co., Ltd., Xi'an Yuensun Biological Technology Co., Ltd., and Kowa India Pvt. Ltd. 

Global Glucomannan Market Key Players:

1. Hubei Yizhi Konjac Biotechnology Co., Ltd. (China)

2. Nature's Way Products, LLC (United States)

3. AuNutra Industries, Inc. (United States)

4. Carlyle Nutritionals LLC (United States)

5. Xi'an Yuensun Biological Technology Co., Ltd. (China)

6. Green Fresh (Fujian) Foodstuff Co., Ltd. (China)

7. Kowa India Pvt. Ltd. (India)

8. Konjac Foods (United States)

9. Hunan Huakang Biotech Inc. (China)

10. TIC Gums, Inc. (United States)