(Food-Beverage-News.Com, November 13, 2021 ) The ketones market size is estimated to be valued at USD 443 million in 2019 and is projected to be worth USD 640 million by 2025, recording a CAGR of 6.3% during the forecast period.
Key Market Players
Key players in this market include Perfect Keto (US), HVMN Inc. (US), BPI Sports (US), Ketologic (US), Pruvit (US), Ketone Aid Inc (US), Compound Solution Inc. (US), Sapien Body (US), Zhou Nutrition (US), Know Brainer Foods (US), Finaflex (US), Ion Labs (US), Keto & Company (US), Boli Naturals (US), Volken Chemicals (India), Union Pharmpro Company Ltd. (China), Nutrex Research (US), Ancient Nutrition (US), Zenwise Health (US), and Ketond Nutrition LLC (US)). Major players in this market are focusing on enhancing their presence through new product launches, expansions & investments, mergers & acquisitions, partnerships, collaborations, and agreements. These companies have a strong presence in North America and Europe. They also have their manufacturing facilities and strong distribution networks across these regions.
Based on application, the ketone market has been segmented as follows:
Supplements
Food & beverages
Cosmetics & personal care products
Based on supplement type, the ketone market has been segmented as follows:
Ketone salts
Ketone esters
Ketone oil
Raspberry ketones
Based on form, the ketone market has been segmented as follows:
Solid
Liquid & semi-liquid
Based on the region, the ketone market has been segmented as follows:
North America
Europe
Asia Pacific
Rest of World (RoW)
Report Objectives
To define, segment, and project the global market size for ketone
To understand the ketone market by identifying its various subsegments
To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To analyze the micromarkets, with respect to individual growth trends, prospects, and their contribution to the total market
To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
To profile the key players and comprehensively analyze their core competencies
To understand the competitive landscape and identify the major growth strategies adopted by the players across the key regions
To analyze the competitive developments, such as expansions & investments, mergers & acquisitions, new product launches, partnerships, collaborations, and agreements
The increasing demand for ketones in North America is projected to drive the growth of the ketone market.
The US remains a major market in the North American region for ketones. The rise in the number of obesity cases in the North American region is attributed to the increase in the popularity of ketone supplements and food & beverage alternatives for losing weight. These factors are further projected to drive the growth of the ketone market. In addition, eateries and restaurants in the region are also providing ketone-based food and beverages options due to the high demand among consumers, which is projected to drive the growth of the ketones market.
The demand for supplements among consumers and sports athletes remain high to increase energy and tolerance for intense workouts. In addition, the changing lifestyles of consumers for being preventive and proactive for their health is a major factor that is projected to drive the growth of the global ketone market over the next few years. Due to the increasing trend among the younger population and sports enthusiasts of consuming caffeine-containing products or energy drinks that increase energy levels and improve the performance, the ketones market is projected to record significant growth during the forecast period. In addition, due to the rise in health awareness among consumers pertaining to the ill effects of caffeine on the body, ketone-based food & beverage products are projected to witness high demand in the market.
