Pune, India, April 12, 2022 (GLOBE NEWSWIRE) -- The global ketones market size is anticipated to expand prominently in the upcoming years. Ketones serve as an alternate fuel for the body when the human body doesn’t possess enough carbohydrates. The growing awareness of ketones’ benefits is expected to bolster the market's growth. Fortune Business Insights has presented this information in its upcoming report titled, “Ketones Market, 2022-2029”.
Additionally, the rising adoption of healthy diets and lifestyle habits for weight reduction by the growing global population is anticipated to complement the market’s growth.
COVID-19 Impact-
The market for ketones has witnessed a growth stimulus from the pandemic. In the wake of the coronavirus pandemic, the rising adoption of healthy lifestyle habits to maintain optimum health has stimulated growth for the market. Additionally, the rising adoption of supplements, including exogenous ketones fuels the market growth. The above-mentioned trends are likely to continue in the coming years, thereby complementing the market’s growth.
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List of Key Ketones Market Players-
- Pruvit
- Ketologic
- BPI Sports
- HVMN Inc.
- Perfect Keto
- Ketond Nutrition LLC
- Zenwise Health
- Ancient Nutrition
- Nutrex Research
- Union Pharmpro Company Ltd.
- Volken Chemicals
- Boli Naturals
- Keto & Company
- Ion Labs
- Know Brainer Foods
- Zhou Nutrition
- Sapien Body
- Compound Solution Inc.
- Ketone Aid Inc.
Segmentation-
On the basis of supplement type, the market is fragmented into ketone oil, ketone esters, ketone salts, and others. On the basis of form, the market is bifurcated into liquid and dry. On the basis of application, the market is fragmented into personal care products, food & beverages, supplements, and others. Geographically, the market is classified into South America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Report Coverage-
- It offers a holistic market assessment.
- It assesses various restraints and drivers for the market’s growth.
- It highlights a list of the key players operating in the market.
- It provides information on the latest industry developments.
- It showcases a detailed analysis of the COVID-19 pandemic’s impact on the market.
Drivers & Restraints-
Growing Awareness of Ketones’ Benefits to Fuel Market Growth
Ketones serve as an alternate fuel for the body during the insufficiency of carbohydrates. Nutritional ketosis helps in burning fats and promotes weight loss. The adoption of healthy diets and lifestyle habits for weight reduction by young individuals fuels the ketones market growth. The adoption of ketogenic for fat loss is likely to benefit the market’s growth. Additionally, the growing demand for ketones supplements, including exogenous ketones, due to difficulty in maintaining a strict ketogenic diet, is expected to flourish in growth for the market.
Ketones are beneficial for brain health and neurological conditions such as Alzheimer’s disease and Parkinson’s disease. The growing awareness of ketones’ benefits for human health is further expected to boost the market expansion.
However, the ill effects of ketones such as hunger, fatigue, and other ailments may hinder the market’s growth during the forecast period.
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Market Segments Includes:
By Supplement Type Market Segments
- Ketone Salts
- Ketone esters
- Ketone oil
- Others
By Form Market Segments
- Dry
- liquid
By Application Market Segments
- Supplements
- Food & Beverages
- Personal Care Products
By Geography Market Segments
Regional Insights-
North America to Register Significant Growth Due to Growing Adoption of Healthier Diets
North America is anticipated to witness substantial growth in the coming years. The rising consumer health consciousness, coupled with increasing adoption of healthier lifestyles and diet plans for weight loss are predicted to favor growth in North America. The shift in consumer preferences escalates the growth of the market. According to Dalhousie University’s study, 26% population in Canada took on keto diets. The growing demand for low carbohydrate diets amplifies ketones-based food product adoption, which is likely to bolster the market growth in North America.
Competitive Landscape-
New Product Launches by Key Players to Proliferate Growth
The major players conducting business in the market operate domestically and internationally. They emphasize development and innovations in product offerings. The major market players focus on amplifying their production capacities to cater to the ever-increasing demand from end-use sectors. They focus on new product launches, product innovations, partnerships, acquisitions, and others to facilitate business expansions. For instance, EKF Diagnostics introduced whole blood β-Ketone in 2020 to manage diabetes.
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