Portland, OR, June 09, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global konjac market generated $922.5 million in 2020, and is projected to reach $1.80 billion by 2030, witnessing a CAGR of 7.1% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Increased consumer health consciousness, rise in demand for digestive supplements, surge in demand for weight loss supplements, and increase in R&D activities drive the growth of the global konjac market. Moreover, growth and developments in konjac products present new opportunities in the upcoming years.
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COVID-19 scenario:
- The outbreak of the COVID-19 pandemic led to the global lockdown and temporary closure of manufacturing facilities of konjac products. This, in turn, the overall growth of the global konjac market.
- The lockdown further disrupted the whole supply chain, leading to difficulty in supply of raw materials and hampered the market demand.
- On the other hand, the pandemic increased the hazards for adults who are overweight, as people who are overweight have a higher risk of hospitalization and serious disease. Also, there was a high level of awareness about lifestyle modifications and healthier…
