Global Glucomannan Market size is expected to reach nearly US$ 1.67 Bn by 2026 with the CAGR of 3.2% during the forecast period.
Global Glucomannan Market Overview:
Glucomannan is a highly water-soluble dietary fiber made from the roots of the Konjac plant. Glucomannan consists of proteins that are sweet to taste along with the presence of other nutritional elements and the absence of harmful elements that come with ordinary sugar. Glucomannan because of its sweet taste is used on a large scale in making Bakery and Confectionery food products and beverages.
Medicinal properties present in Glucomannan are used by the pharmaceutical industry to manufacture medicines over a range of diseases. Change in preference from conventional food products to organic food products with health benefits has resulted in growth in the Glucomannan Market. The Rising population, growing preference for organic food products, and increase in the number of deadly diseases has resulted in the growth in the Global Glucomannan Market.
Global Glucomannan Market Dynamics:
With the presence of harmless sweet proteins on large scale, Glucomannan is used on a large scale in the Food and Beverages Industry. From adding organic sweet taste to the food product to maintaining the texture and shelf life of food product they are mixed with, Glucomannan holds a wide range of applications in the Food and Beverages Industry. Along with food products, Glucomannan is used to add a sweet flavor to supplementary food products and diet food products.
Harmless sweet proteins present in the Glucomannan are used in manufacturing medicines and food products for people suffering from obesity and diabetes. Glucomannan is also used in manufacturing medicines and food products for people who want to maintain or reduce their weight. These weight-reducing properties present in Glucomannan have resulted in its increased use in the Sports and Entertainment industry.
It is observed that 6 people out of every 100 are suffering from some form of diabetes. According to the Global Health report published by World Health Organization in 2016, more than 1.9 billion people are overweight while 650 million of these people are suffering from serious obesity. Glucomannan is the element that holds preventive and curative drugs on both Obesity and Diabetes is expected to dominate the Pharmaceutical and Nutritional Food Industry.
Rising population, irregular diet plans, increasing health concerns, and growing diseases are the driving factor for the Global Glucomannan Market.
Excessive consumption of Glucomannan laced food products causes gastrointestinal problems. This has resulted in limitations over the consumption and growth along with it for the Global Glucomannan Market.
Canadian Health Authorities have reported several cases related to the consumption of Glucomannan before going to bed resulting in chocking of the throat. This has resulted in different social media campaigns in a negative way over the consumption of Glucomannan.
The Global Glucomannan market is segmented on the basis of
By Form, It is observed that Glucomannan in the powdered form is consumed on large scale. 35% of the total Glucomannan products present in the market are in powdered form. Pharmaceutical products that are manufactured from Glucomannan are available in Capsule and Pill form. Glucomannan used in manufacturing Bakery Products is available in Liquid form.
By Product Type, It is observed that Xanthan Gum, Konjac, and Chitosan cover 40% of the consumption of Glucomannan in the market. Glucomannan as Glucose, Polymers, Cell Walls, and Proteins are used on large scale in making food and beverages.
By Application, Medicines lead in the application segment of Glucomannan. It is observed that more than 20% of the total Glucomannan is consumed by the Pharmaceutical Industry in manufacturing medicines on weight management. More than 45% of the Glucomannan present in the market is consumed by the Food and Beverages Industry in making Canned Meat Food, Bakery Products, Confectionery Products, Beverages, and Frozen Food Products. The Pet Food Manufacturing Industry consumes more than 5% of the total Glucomannan available in the market.