Global ketones market is expected to foresee significant growth during the forecast period. North America to witness the highest growth

Global Ketones Market is expected to reach the market valuation of USD XX billion by 2027 expanding at a reasonable CAGR of XX% during the forecast period (2021-2028) from USD XX billion in 2020. Ketones are those substances that are made by our body when they do not receive enough blood sugar (glucose). Ketones bodies are produced from fatty acids by the liver which are water-soluble molecules that contain the ketone groups.

Economic growth describes an increase in the quantity and quality of the economic goods and services that a society produces and consumes. A rise in disposable income across counties signifies the increased standard of living which is leading to the rise in demand for personal grooming products and other cosmetics. Thereby, boosting the demand for ketones among cosmetic manufacturing companies. As more and more consumers are inclining towards natural and organic cosmetic and personal care products, the demand for ketones is also growing as these compounds are known to impart certain peculiar fragrances which give the feel of natural & herbal ingredients in these products. For example, ketones are one of the major components for producing acetophenone, an organic compound required for imparting fragrances such as jasmine, cherry, strawberry, etc.

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Furthermore, the ketones market is witnessing an uptick owing to the growing prevalence of diabetes coupled with the increasing demand for supplements to aid in the control of blood sugar levels among diabetics. For instance, the Center for Disease Control and Prevention (CDC) estimates that over 34 million Americans suffer from diabetes, representing over a tenth of the population as of 2020. Moreover, as per the American Diabetes Association (ADA), there are over a million new cases of diabetes across the country annually. An estimated 88 million adults have prediabetes, accounting for 34.5% of the US adult population​. However, some of the major restraints in the market include the high price of Ketone supplements and side effects with the consumption of ketones are impeding the growth of this market globally.

Based on application, the market is divided into supplements, food & beverages, and cosmetics & personal care. The supplements segment dominated the ketones market and grabbed XX% market share in 2020 and will witness a considerable CAGR of XX% during the forecast period (2021-2027F) as ketone supplements are known for improving human physical performance in a competitive event and hence, are more popular among the athletes.

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Based on supplement type, the global ketones market is segmented into ketone salts, ketone esters, ketone oil, and raspberry ketones. The ketone salts segment occupied the largest share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027. The segment generated revenue of US$ XX billion in 2020 as ketone salts are known to increase ketone levels in the blood and provides energy. However, the ketone esters segment is also anticipated to grow at a considerable CAGR during the projected timeframe.

Additionally, the report provides detailed report also provides insights of global ketones market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD XX billion in 2020 owing to an overall increase in the obese population and the rising number of people following the keto diet.

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Perfect Keto, HVMN Inc., Ketologic, Zenwise Health, Nurex Research, Zhou Nutrition, Union Pharmpro Company Ltd., Ancient Nutrition, Life Sense International LLC, BPI sports are some of the key players operating in the global ketones market. Several M&As along with partnerships have been undertaken by these players to develop new and innovative ketone products.

Global Ketones Market Segmentation

Market Insight, by Application

• Supplements
• Food & Beverages
• Cosmetics & Personal Care

Market Insight, by Supplement Type

• Ketone Salts
• Ketone Esters
• Ketone Oil
• Raspberry Ketones

Market Insight, by Form

• Solid
• Liquid & Semi-liquid

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Perfect Keto
• HVMN Inc.
• Ketologic
• Zenwise Health
• Nutrex Research
• Zhou Nutrition
• Union Pharmpro Company Ltd.
• Ancient Nutrition
• Life Sense International LLC
• BPI Sports