The global ketones market size is anticipated to reach USD 30.25 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.8% from 2023 to 2030. The market is driven by the growing awareness regarding keto diets in dietary supplements, food and beverage, and personal care and cosmetics across the globe.
Ketones Market Report Highlights
- The dietary supplements application segment is expected to register the fastest CAGR over the forecast period. This is attributed to the rising consumption of the keto diet among health enthusiasts and rising awareness regarding ketones in dietary supplements
- The ketone salts segment is expected to expand at the fastest revenue-based CAGR of 4.3% over the forecast period owing to the capability of these salts to increase ketone levels in blood without a keto diet just like ketosis and provide energy
- Ketone oil held the largest revenue share of over 53.6% in 2022. This is attributed to its antioxidant, anti-microbial, and anti-inflammatory capabilities. Moreover, it is used as a carrier for active ingredients and viscosity regulator and as an emollient in cosmetics and personal care products
- Europe is expected to expand at the fastest revenue-based CAGR of 4.3% over the forecast period owing to the production of customized cosmetics and personal care products and growing consumer awareness regarding the use of natural ingredients
- Key companies are involved in rapid research and development and they dominate the global market with their extensive presence throughout the value chain
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The growing interest in weight management and healthy lifestyles among the general public and the increasing demand for ketone supplements are a few of the main factors fueling market revenue growth. Along with it, the rising use of natural ingredients is also a major factor facilitating market growth.
Chronic diseases such as cancer, cardiovascular problems, diabetes, and obesity are becoming more common due to lifestyle modifications and poor eating practices. One of the main causes of death is obesity as those who are obese are more likely to contract numerous illnesses and health problems. People all around the world are focusing on modifying their food habits and moving toward healthy lifestyles to maintain healthy living. The demand for the product is rising as a result of factors such as rising convenience food consumption, rising disposable income, and rising adoption of healthier lifestyles. To meet growing consumer demand, a number of large companies are manufacturing improved products.
The dietary supplements application segment accounted for the largest revenue share in 2021. Higher prevalence of various chronic diseases, knowledge of the advantages of ketone supplements, weight loss, rising interest in leading healthy lifestyles, and rising use of these supplements among athletes and sportspeople are some of the factors contributing to this segment growth.
Analysis By Product Type
Ketone oil is used in manufacturing cosmetics and personal care products as it is used as a carrier for active ingredients and viscosity regulators and as an emollient in sunscreens, lotions, and other cosmetics and personal care products. The ketone salts demand is expected to grow due to the capability of these salts to increase ketone levels in blood without a keto diet just like ketosis and provide energy. The raspberry ketone increases metabolism, suppresses appetite, and increases fat burning process in the human body. Raspberry ketone is also used widely for flavor in dairy products and beverages.
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Analysis By Application Type
The dietary supplements segment growth can be attributed to the growing consumer awareness regarding personal health. Increasing the need for dietary supplement products to meet the desired nutrients owing to high accessibility, which, in turn, is anticipated to drive the market. Methyl isobutyl ketone is extensively used as a flavoring agent in manufacturing food products in the form of an adjuvant for synthetic flavors and also in the form of a fruit flavoring agent. Carvone is used as a flavoring agent in the manufacturing of rye bread to induce caraway seeds’ flavor.
Market Latest Trends and Developments
The majority of the industry participants are inclined towards differentiating themselves from other players as the market is fragmented and competitive. Manufacturers of dietary supplements, personal care products, and cosmetics based on ketones are continuously engaged in research and development and introducing new products with new flavors in order to attract customers. The key companies of the market are expanding significantly due to ongoing product innovation supported by the quick uptake of cutting-edge technologies.
List of major companies in the Ketones Market
- Health Via Modern Nutrition Inc.
- Ketone Aid
- Pruvit Ventures, Inc.
- Caldic B.V.
- Ketologic
- Genomatica, Inc.
- Keto and Co
- Ancient Brands, LLC.
- Compound Solution Inc.
- BPI SportsZhou Nutrition
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Segmented the global ketones market report on the basis of product, application, and region.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Ketones Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Ketones Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Ketones : Product Estimates & Trend Analysis
5.1. Ketones Market: Key Takeaways
5.2. Ketones Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Ketone Salts
5.3.1. Ketone salts market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.4. Ketone Esters
5.4.1. Ketone esters market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.5. Ketone Oil
5.5.1. Ketone oil market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.6. Raspberry Ketone
5.6.1. Raspberry ketone market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
Chapter 6. Ketones : Application Estimates & Trend Analysis
6.1. Ketones Market: Key Takeaways
6.2. Ketones Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Cosmetics & Personal Care
6.3.1. Cosmetics & personal care market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.4. Food & Beverages
6.4.1. Food & beverages market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.5. Dietary Supplements
6.5.1. Dietary supplements market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.6. Others
6.6.1. Others market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
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