Europe Konjac Market Size, Share & Industry Trends Analysis Report By End Use (Food & Beverages, Pharmaceutical, and Cosmetics), By Product Type, By Distribution Channel, By Country and Growth Forecast, 2022-2028

The Europe Konjac Market is expected to witness market growth of 6.9% CAGR during the forecast period (2022-2028).

The konjac root provides the necessary nutritional status in food and is used to keep blood sugar levels in check. It functions as a probiotic. Konjac encourages the formation of beneficial gut microbes, that improve digestion and bowel function while also boosting immunity.

There is a slew of new foods and ingredients in the industry that aim at improving health and helping lose weight. Many profess to have been existing for years, but modern producers and retailers have only recently discovered them. The konjac plant/root is one such component or food that has begun to acquire popularity. Although some may dismiss the konjac plant as another "fad" food designed to boost sales, it does have some significant health benefits that should be aware.

One of the factors contributing to the market's growth is rising konjac market trends, such as the need for dietary supplements. All of the essential fibers included in konjac aid in the clearance of pollutants and the lowering of hunger. As a result, customer appetite declines, and demand for konjac rises.

In Europe region, Konjac are used as binding agents to emulsified meats such as bologna and hot dogs, summer sausage, and pepperoni. Konjac flour has been given the E425 label in Europe. Consumers in Europe are happy to pay extra for high-quality, nutritious items, and interest for natural food and beverage is increasing. Youth European customers are more inclined to spend greater prices for natural food and drink. Since October 1998, konjac has been allowed as a food additive in Europe under E425.

The European Parliament backed the Committee's request for a life time ban on the flavor enhancer E 425 konjac in jelly confectionary by a vote of 516 to six, with ten abstentions. Furthermore, the House changed the plan to move the restriction forward to six months after the Regulation takes effect. 
The Germany market dominated the Europe Konjac Market by Country in 2021, and is expected to continue to be a dominant market till 2018; thereby, achieving a market value of $98.6 million by 2018. The UK market is estimated to grow at a CAGR of 6.1% during (2022-2028). Additionally, The France market is expected to display a CAGR of 7.7% during (2022-2028).

Based on End Use, the market is segmented into Food & Beverages, Pharmaceutical, and Cosmetics. Based on Product Type, the market is segmented into Flour, Gum, Dietary Fiber, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets /Supermarkets, Specialty Stores, Online Channels, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Hubei Yizhi Konjac Biotechnology Co. Ltd., FMC Corporation, Baoji Konjac Chemical Co. Ltd., NOW Foods, Inc., Slendier Health Food and Wellness, Shanghai Brilliant Gum Co., Ltd. (BLG), Andi-Johnson Group, The Konjac Sponge Company, and NAH Foods Ltd. (Konjac Inov)

Scope of the Study

Market Segments Covered in the Report:

By End Use

• Food & Beverages
• Pharmaceutical
• Cosmetics

By Product Type

• Flour
• Gum
• Dietary Fiber
• Others

By Distribution Channel

• Hypermarkets/Supermarkets
• Specialty Stores
• Online Channels
• Others

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

• Hubei Yizhi Konjac Biotechnology Co. Ltd.
• FMC Corporation
• Baoji Konjac Chemical Co. Ltd.
• NOW Foods
• Slendier Health Food and Wellness
• Shanghai Brilliant Gum Co., Ltd. (BLG)
• Andi-Johnson Group
• The Konjac Sponge Company
• NAH Foods Ltd. (Konjac Inov)