The new report by Expert Market Research titled, ‘Global Ketone Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global ketone market, assessing the market based on its segments like applications, supplement types, forms, and major regions. 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 analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 479.3 million
- Forecast CAGR (2022-2027): 4 %
- Forecast Market Size (2027): USD 695.5 million
The growth of the global market for ketones can be determined by the growing trends surrounding ketogenic diets. In addition, inflating disposable incomes, rising purchasing power, and inclination towards clean-label products are factors augmenting the growth of the market. Moreover, the market has been bolstered by the robust production of certain exogenous ketone supplements sought by sports enthusiasts in place of caffeinated energy drinks. Furthermore, the market growth can be associated with the introduction of various nutraceutical and pharmaceutical supplements rich in ketones that offer several benefits such as cancer prevention, cognitive improvement, and anti-inflammatory properties.
Industry Definition and Segmentation
Ketones is a functional group made up of a variety of carbon containing substituents. In medicinal terms, ketone is a chemical substance that the body makes when it does not have enough insulin in the blood.
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On the basis of application, the market can be categorised into:
- Food and Beverages
- Cosmetics and Personal Care Products
Based on supplement type, the market can be segmented into:
- Ketone Salts
- Ketone Esters
- Ketone Oils
- Raspberry Ketones
The market, based on form, can be divided into:
- Liquid and Semi-Liquid
The regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The global market for ketone is being driven by the shifting consumer inclination towards plant-based products as opposed to synthetic products in terms of food, dietary supplements, and personal care products. Ketones are most commonly found in fruits like kiwis, grapes, apples, and berries, among others, owing to which they offer a rich source of nutrients like Vitamin E and Vitamin C, which is beneficial for a healthy body. In this regard, raspberry ketones are gradually gaining popularity owing to their fat-burning and weight loss properties, making them ideal in a ketogenic diet. This is expected to aid the market growth. Further, raspberry ketones are being rapidly preferred in personal care and cosmetic products owing to their skin related benefits, which is also expected to add to the market growth.
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Key Market Players
The major players in the market are Perfect Keto, KetoLogic, Ketoneaid Inc, Ion Labs Inc., and Ketond LLC., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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