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Global Ketone Market to Grow at a CAGR of 6.4% During the Forecast Period of 2022-2027, Aided by the Rising Popularity of Raspberry Ketones in Cosmetic and Personal Care Products

According to a new report by EMR titled, ‘Global Ketone Market Report and Forecast 2022-2027’, the global ketone market attained a value of about USD 479.3 million in 2021. The market is further expected to grow at a CAGR of 6.4% during the forecast period of 2022-2027 to reach nearly USD 695.5 million by 2027.

The global ketone market is driven by the rising consumer inclination towards plant-based products owing to rising awareness and inflating purchasing power. Raspberry ketones are gradually gaining popularity to their fat-burning and weight loss properties, making them ideal in a ketogenic diet, thereby promoting market growth. The demand for natural and nature identical products in cosmetic and personal care products is further invigorating the utility of raspberry ketones. Raspberry ketones are considered to be globally acceptable biodegradable and multifunctional additives that act as a preservative that protects a cosmetic product against spoilage. In addition to this, its strong antioxidant properties make it ideal for skincare products. These factors are thus pushing the growth of the market.

According to a recent study published in The Journal of Physiology in October 2021, ketone supplements may be a novel strategy for protecting and improving brain health in people with obesity. As people with obesity are known to be at a higher risk of developing cognitive damage and neurodegenerative diseases, the study has found that ketone consumption improves blood flow to the brain and enhances aspects of cognitive function such as working memory and processing speed. Thus, robust research and development (R&D) aimed at evaluating the potential benefits of ketone on human health are furthering the overall growth of the market.

Market Analysis by Application, Type, Form, and Region:

  • Based on application, the market can be classified into supplements, food and beverages, and cosmetics and personal care products.
  • The market, based on supplement type, can be segmented into ketone salts, ketone esters, ketone oils, and raspberry ketones.
  • On the basis of form, the market can be divided into solid, liquid, and semi-liquid.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the rising consumer awareness regarding the health benefits of ketone and healthy eating trends owing to rising disposable incomes.
  • Exogenous ketone supplements are widely demanded by sports enthusiasts instead of caffeinated energy drinks to enhance productivity, thereby bolstering market growth.
  • The development of convenient, easy-to-use ketone products in the form of supplements and food products is providing impetus to the market.
  • The popularity of ketogenic diets aimed at weight reduction and for the treatment of neurodegenerative disorders like epilepsy is augmenting the market growth.
  • The rising popularity of raspberry ketone in cosmetics, personal care, and food products is positively influencing the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global ketone industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for applications, types, forms, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global ketone market are Perfect Keto, KetoLogic, Ketoneaid Inc, Ion Labs Inc., and Ketond LLC., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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