Global Ketones Market - 2022-2029

Global Ketones Market - 2022-2029

Market Overview

The global ketones market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Ketone is a chemical molecule produced by the body when insufficient insulin is in the blood. Ketones can be found in various fruits and vegetables, including kiwis, grapes, apples, berries, and cedar trees. These fruits are the primary source of natural antioxidants and key nutrients such as Vitamin A and Vitamin C. They're widely utilized to cure hair loss, esophageal cancer, and other health problems, which is a major driving element in the ketones market. The ketones market is gaining popularity due to their fat-burning and weight-loss properties. Solvents, pharmaceuticals and polymer precursors are key industries manufacturing ketone on large scale and are expected to drive global demand over the forecast period.

Market Dynamics:

Increasing obesity is driving the market growth

Obesity is currently one of the world's most serious health issues. People's preferences are gradually shifting toward healthier lifestyles. As a result, they favor the keto diet, which aids weight loss in various ways, including increasing metabolism and decreasing appetite. Obesity among adults in Russia is quickly increasing, according to the Organization for Economic Co-operation and Development (OECD) and is becoming a serious concern. In Europe, obesity was diagnosed in 16.2% of males and 26.2% of women in 2019. The number was much higher in the United States, with 32.6 percent of men and women obese. As a result, the proportion of overweight men and women in Europe and worldwide is steadily increasing, driving up demand for keto food and beverages.

Furthermore, because of the growing popularity of convenience food products due to busy lifestyles, and the development of quick-to-use products has made ketogenic products more accessible, giving the market a boost. In addition, the introduction of numerous nutraceutical and pharmaceutical supplements rich in ketones that provide a variety of benefits, including cancer prevention, cognitive improvement, and anti-inflammatory qualities, are some of the drivers driving the market forward.

Market Segmentation:

Raspberry ketones is the dominating segment during the forecast period.

Fruits are commonly utilized as food additives due to their antioxidant characteristics, flavor-enhancing skills, and sweetening abilities. Raspberry ketones aid in lowering cholesterol, blood pressure, and inflammation in the body. Raspberry ketones market size will be influenced by changing consumer perception towards health and nutrition and an increased demand for natural, immunity boosting foods. Growing consumer focus over improving their diet patterns has been a key trend in the food sector in recent years. The ongoing COVID-19 outbreak has accelerated the trend as an even larger percentage of consumers are now opting for healthier food options. Raspberry ketone is finding applications in the cosmetics and personal care space owing to its multifunctional properties.

Based on application, food & beverages are expected to grow at a CAGR of XX%. Growing consumer focus on improving their dietary habits has become a significant trend in the food and beverage industry. The high-fat, low-carb beverages are intended to provide long-lasting energy and aid in the acceleration of ketosis, a metabolic condition in which the body is more efficient at using fat for energy. Some beverage companies are continuously releasing new drink items aimed at ketogenic dieters.

Ketone supplement is expected to dominate the market, by application. The increase in the use of ketone supplements among sportspersons and athletes is one of the major factors that is projected to drive the growth of the supplement segment. In addition, consumers are becoming more health-conscious and increasingly aware of the healthcare sector. These factors are projected to drive the growth of the ketones market during the forecast period.

Geographical Penetration:

Asia-Pacific is the dominating region during the forecast period

In the global ketones market, Asia Pacific held the largest market share. China had the largest market share of methyl ethyl ketone (MEK). Due to favorable economic factors such as industrialization in rising economies like India and China and chemical industry infrastructure advancements, Asia Pacific is predicted to continue to grow rapidly during the projection period. The country is predicted to grow strongly over the forecast period, owing to continued improvements in end-use industries such as chemical, medical, and automobile. North America is the fastest-growing region of the global ketones market. Because of the increased prevalence of obesity in North America, ketone supplements and ketone-based foods are becoming more popular for weight loss.

Competitive Landscape:

The ketone market is a highly competitive market that includes various prominent players and regional players in the global market. Some of the key players in the market are Tri Town Precision Plastics, A. Schulman AG, J.K. Overseas, Stern Industries Inc., Prototype & Plastic Mold Co. Inc., and Parkway Products Inc. among others. Companies are expected to continue their research and development activities in widening ketone application lines in the medical sector owing to compatible clinical properties. In 2020, EKF Diagnostics, a company based in Germany, launched while blood beta-ketone for managing diabetes.

COVID-19 Impact:

Positive impact on the global ketones market

Most customers throughout the world have been following a severe fitness and diet plan from the comfort of their homes due to the strict imposition of lockdown following the introduction of COVID-19. As a result, many social media platforms and online health training websites have promoted the consumption of nutritious foods, which also aid in weight management. As a result, this factor has accelerated the expansion of keto-based food and beverage consumption, which is expected to continue in the future as well. The U.S. CDC reports that obesity could worsen the outcomes from COVID-19. According to the agency, obesity could triple the chances of hospitalization due to COVID-19 and is linked with an impaired immune function. Moreover, obesity can reduce lung capacity and make ventilation more difficult for COVID-19 patients. The aforementioned factors indicate that products which improve health and immunity will be in demand in the coming years, positively impacting ketones market share.

Why Purchase the Report?

Understand the current market scenario and viability of global ketones market over the forecast period.

Visualize the composition of the global ketones market terms of supplement type, form, and application to identify major players, growth potential, and market strategies.

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period.

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global ketones market– Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global ketones market report would provide an access to approximately 60 market data tables, 55 figures and 190 pages

Target Audience:

Food & Beverages Manufacturers

Supplements Manufacturers

Pharmaceutical Companies

Import and Export Companies

Industry Investors

Education & Research Institutes

Research Professionals