Glucomannan Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Glucomannan Market Size

Glucomannan Market size is expected to grow at a robust pace from 2024 to 2032, driven by increasing use as a thickening agent in the food sector. Glucomannan offers versatility as a thickening agent, emulsifier, and stabilizer in various products, leading to its widespread adoption across different sectors. Furthermore, advancements in extraction and purification technologies have improved the quality and purity of glucomannan. Thus, the growing prevalence of obesity and the subsequent need for weight management are expected to impel the demand for glucomannan. The expanding application scope in the pharmaceutical, and cosmetic industries is also fueling market growth.
 

However, excessive consumption of glucomannan-laced food products is projected to cause gastrointestinal (GI) problems. This is expected to pose a threat to the growth of the overall market in the upcoming years. For instance, the Canadian Health Authorities advised that products containing glucomannan should not be taken before going to sleep. There are chances that it could cause blockage or choking of the throat, intestine, or esophagus. This resulted in different social media campaigns speaking against the consumption of glucomannan, hindering the market development to some extent.
 

Glucomannan Market Trends

The increasing demand for glucomannan as a functional ingredient in food & beverage (F&B) products, impelled by the rising consumer preference for natural and healthy ingredients will drive the industry growth. This trend is particularly evident in the development of low-calorie and low-sugar products, where glucomannan serves as a natural thickener, stabilizer, and dietary fiber for catering to the growing demand for healthier food options.
 

Furthermore, the intensifying global inflation is expected to impede the industry development due to the rising raw material prices and the declining purchasing power of consumers. Manufacturers in the dietary supplement and functional food industries are preparing for the worst situations, subsequently bolstering the industry standards, by interacting with consumers to discuss concerns and discover methods to mitigate the potential pain of inflation all around.
 

Glucomannan Market Analysis 

Based on form, the market valuation from the powered segment is set to gain traction through 2032 owing to its growing use in weight loss supplements. The health advantages of glucomannan have been widely researched and it is generally regarded as safe when taken as prescribed by nutritionists.
 

By application, the glucomannan industry from the food & beverage segment is expected to generate notable revenue by 2032, driven by higher usage as an emulsifying and thickening agent in various food items. These include sweets like gummies, jellies, and candies, as well as beverages like fiber drinks & soft drinks, and other bakery products. Increased consumption of these products is expected to impel the product adoption across the food sector.
 

North America glucomannan industry is slated to account for major gains through 2032, attributed to the increased preference for organic and natural food products, an upsurge in cases of obesity, and the escalating need for supplementary food products. In addition, the rising consumption of canned meat products is foreseen to propel the demand for glucomannan in North American economies like the U.S. and Canada, among others.
 

Glucomannan Market Share

Global glucomannan industry key players include:

• FMC Biopolymer
• AuNutra Industries Inc.
• Precision Nutrition Inc.
• Green Fresh Group
• TIC Gums Inc.
• Konjac Foods
• Kowa India Pvt. Ltd.

These firms have been engaged in various marketing tactics and industry strategies like acquisitions, mergers, and collaborations, partnerships to help improve their standing in the overall market.

Glucomannan Industry News 

• In January 2024, the Precision Nutrition Platform was deployed in clinical settings by combining the Mayo Clinic's protocols and proficiency with Hologram's personalized nutrition infrastructure. It included a predictive analytics capability to detect potential health risks based on dietary patterns and suggested preventive measures directly to patients.

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