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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Ketone Market Size
The global ketone market attained a value of about USD 542.61 million in 2023. The market is further expected to grow at a CAGR of 6.4% during the forecast period of 2024-2032 to reach nearly USD 948.43 million by 2032.
Global Ketone Market Growth
The global market for ketone is being driven by the shifting consumer preference towards healthy food items. The growing popularity of ketogenic diet to reduce weight and gain strength is a primary factor augmenting the demand for ketones from the nutraceutical and food and beverage industry for applications in supplements, food products, and certain beverages. This has been bolstering the growth of the market. Furthermore, certain exogenous ketone supplements are widely demanded by sports enthusiasts instead of caffeinated energy drinks, which may have a certain negative impact on the body, thereby pushing the growth of the market.
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Ketones are most commonly found in fruits like kiwis, grapes, apples, and berries, among others, owing to which they represent a rich source of nutrients like Vitamin E and Vitamin C, which is beneficial for a healthy body. As a result of this, the shifting consumer inclination towards plant-based products as opposed to synthetic products in personal care and food products is positively influencing the growth of the market. Apart from this, inflating disposable incomes, rising purchasing power, and inclination towards clean-label products are some of the factors collectively augmenting the growth of the market.
Global Ketone Market Segmentation
Ketones is a functional group made up of a variety of carbon-containing substituents. In medicinal terms, a 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:
- Supplements
- 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:
- Solid
- Liquid and Semi-Liquid
The EMR report looks into the regional markets of ketone like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Development of Ketone Rich Supplements and Food Products to Stimulate the Growth of the Market
The growth in the global market for ketones is being driven by the robust popularity of ketogenic diets to treat a number of neurodegenerative disorders, particularly epilepsy. In addition to this, a keto diet is popularly undertaken with an aim at reducing the body weight. As a result, ketones are widely gaining consumer attention, thereby generating robust opportunities for manufacturers to introduce keto products that deliver high fat and low carb keto formula.
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Owing to the rising popularity of convenience goods due to busy lifestyles, the development of easy-to-use products that do not take up much time has made ketogenic products more accessible, thereby providing impetus to the market. In addition to this, the introduction of various nutraceutical and pharmaceutical supplements rich in ketones that offer several benefits, such as cancer prevention, cognitive improvement, and have anti-inflammatory properties, among other benefits, are some of the factors encouraging the growth of the market.
Key Industry Players in the Global Ketone Market
The report presents a detailed analysis of the following key players in the global ketone market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
- Perfect Keto
- KetoLogic
- Ketoneaid Inc
- Ion Labs Inc.
- Ketond LLC.
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Supplement Type |
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| Breakup by Form |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Ketone Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global ketone market attained a value of nearly USD 542.61 million in 2023.
The market is projected to grow at a CAGR of 6.4% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 948.43 million by 2032.
The market is being driven by the rising awareness regarding the health benefits of ketone and the subsequent consumer inclination towards clean-label personal care and food products.
The development of convenient ketone products is expected to determine the growth of the market in the coming years.
The major regional markets for ketone are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The various applications of ketone include supplements, food and beverages, and cosmetics and personal care products.
The different supplement types of ketone are ketone salts, ketone esters, ketone oils, and raspberry ketones.
The significant forms of ketone are solid, liquid and semi liquid.
The major players in the industry are Perfect Keto, KetoLogic, Ketoneaid Inc, Ion Labs Inc., and Ketond LLC., among others.
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