San Francisco, 15 May 2024: The Report Ketones Market Size, Share & Trends Analysis Report By Product (Ketone Salts, Ketone Oil, Ketone Esters, Raspberry Ketone), By Application (Dietary Supplements, Food & Beverages, Cosmetics & Personal Care), By Region, And Segment Forecasts, 2023 - 2030

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.

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.

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 growing inclusion in dietary supplements is expected to boost market demand in the coming years. The increasing consumer awareness and preference for the ketogenic diet present opportunities for market growth. Additionally, the increasing use of ketone supplements among athletes and sportspersons is propelling industry growth. Ketones are largely utilized in cosmetics and personal care products. This is attributed to the growing demand for natural, herbal, and skin-friendly ingredients. Furthermore, acetone, which is the simplest ketone, is usually used in acetophenones, which are used for aromas in perfumes and nail paint removers.

Request sample report of Ketones Market@ https://www.grandviewresearch.com/industry-analysis/ketone-market/request/rs1

The growing inclusion in dietary supplements is expected to boost market demand in the coming years. The increasing consumer awareness and preference for the ketogenic diet present opportunities for market growth. Additionally, the increasing use of ketone supplements among athletes and sportspersons is propelling industry growth. Ketones are largely utilized in cosmetics and personal care products. This is attributed to the growing demand for natural, herbal, and skin-friendly ingredients. Furthermore, acetone, which is the simplest ketone, is usually used in acetophenones, which are used for aromas in perfumes and nail paint removers.

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

Additionally, changing lifestyles and growing consumer awareness regarding the health benefits associated with product consumption are projected to positively influence industry growth. Ketones are used to repair hair and skin damage brought on by heat and other chemicals. Since the product serves as a versatile replacement for other kinds of chemicals commonly found in cosmetic products, demand for it is growing in the cosmetic and personal care industry. It has a rejuvenating effect on the skin and hair, which is anticipated to have a favorable effect on the demand for ketone in the cosmetic and personal care industry.

The market for ketone is expanding most quickly in North America. The surge in popularity of ketone supplements and other weight-loss foods and beverages is attributed to the increase in obesity instances in the North American region. The market is anticipated to grow as a result of these factors. Due to the strong customer demand, which is anticipated to fuel the expansion of the market, restaurants, and cafes in the area are also offering food and beverages that are based on ketone.

The pandemic has provided a significant drive for the market. Following the coronavirus pandemic, the market has grown due to the increased adoption of healthy living practices to preserve optimal health. Exogenous ketone is one of the supplements becoming popular among consumers, which is another factor fueling industry expansion. In the upcoming years, it is expected that the aforementioned tendencies will persist, supporting industry expansion.

Ketones Market Report Scope

The key companies of the market are expanding significantly due to ongoing product innovation supported by the quick uptake of cutting-edge technologies. In order to function in the market space effectively, emerging firms in the sector are focusing on vertical integration of their operations. They are also working with well-known brands to strengthen their worldwide brand presence.

List of Key Players in 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