The new report by Expert Market Research titled, ‘Global Ketone Market Size, Report and Forecast 2023-2028″, gives an in-depth analysis of the global ketone market. It examines the market based on its segments like applications, supplement types, forms, and major regions.
Ketone Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 479.3 million
• Forecast CAGR (2023-2028):6.4%
• Forecast Market Size (2028): USD 695.5 million
The rising application of ketone in cosmetics and personal care products is driving the market growth. Over the forecast period, the exponential growth of income levels, the growing popularity of beauty products, and rapid urbanization are likely to propel the demand for ketones.
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The increasing preference towards keto diets to prevent cancer and improve heart health amidst the increasing cases of heart diseases is anticipated to augment the ketone market growth in the forecast period. At a regional level, North America accounts for a significant share in the market as a result of the increasing adoption of ketogenic diets to reduce weight. This diet adoption can be attributed to the rising cases of obesity in the United States.
Ketone Industry Definition and Major Segments
The liver in the human body produces a chemical when breaking down fat, which is known as ketone. It is a functional group that is constructed by several carbon-containing substituents. The body utilizes ketones when it needs energy during fasting, and exercising, and when it lacks carbohydrates.
On the basis of application, the market can be segmented into:
• Food and Beverages
• Cosmetics and Personal Care Products
On the basis of supplement type, the market is divided into:
- Ketone Salts
• Ketone Oils
• Ketone Esters
• Raspberry Ketones
The ketone market, on the basis of form, can be bifurcated into:
• Liquid and Semi-Liquid
The regional markets for ketone include:
- North America
• Latin America
• Asia Pacific
• Middle East and Africa
Ketone Market Trends
The key trends in the ketone market include the emerging e-commerce industry, coupled with the increasing purchasing power of the population, which is boosting the sales of ketonic products. The increasing concerns pertaining to epilepsy, a possibly fatal brain disorder, are further bolstering the demand for ketone as it promotes brain health and improves its functions.
Moreover, the rising demand for ketones from the food and beverage industry owing to the growing inclination toward energy products is anticipated to provide impetus to the market. Hence, developments like these are likely to drive the growth of the market for ketones over the forecast period.
Key Market Players
The major players in the ketone market are:
- Perfect Keto
- Ketoneaid Inc
- Ion Labs Inc
- Ketond LLC
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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