About Ketones
The global ketone market is expected to grow in the forecasted period due to increasing demand in end-use industries such as automotive and medical. Ketones usually simple are compounds that contain a carbonyl group, and due to exclusion of reactive groups such as –Cl or –OH, ketones are considered simple in nature. Widening ketone application base in automotive, electronics & electric and industrial processes is expected to further propel the global ketone market demand in the coming years. The automotive industry was holding the largest ketone market share in terms of consumption.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ketones market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ketologic (United States), Pruvit (United States), Ketone Aid Inc (United States), Perfect Keto (United States), HVMN Inc. (United States), BPI Sports (United States), Compound Solution Inc. (United States), Sapien Body (United States), Zhou Nutrition (United States) and Know Brainer Foods (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nutrex Research (United States), Ancient Nutrition (United States), Zenwise Health (United States), Ketond Nutrition LLC (United States), Finaflex (United States), Ion Labs (United States), Keto & Company (United States), Boli Naturals (United States), Volken Chemicals (India) and Union Pharmpro Company Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Ketones market by , Application (Supplements, Food & Beverages and Cosmetics & Personal Care Products) and Region.
On the basis of geography, the market of Ketones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Supplement Type, the sub-segment i.e. Ketone Salts will boost the Ketones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Solid will boost the Ketones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Acetone will boost the Ketones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Exogenous Ketones to Support the Ketosis Process and High Adoption due to Environmental Friendly and Efficient Materials
Market Growth Drivers:
New Product Launches for Keto Supplements to Remain High and High Adoption Due to Their Various Health Benefits
Challenges:
High R&D Cost and Technical Difficulties in the Manufacturing Process
Restraints:
Growing Concern Regarding High Cost of Ketone Supplements to Inhibit the Adoption in Developing Economies and Side-Effects and Risks Associated With the Consumption of Ketones
Opportunities:
High Demand from Beverage Industry and Growing Demand from Emerging Market
Market Leaders and their expansionary development strategies
In October 2018, AkzoNobel Specialty Chemicals has completed the acquisition of the Brazilian company Polinox, the leading producer of ketone peroxides in South America, an essential ingredient in the manufacture of polymers.
In July 2022, Geno a company specializing in alternative materials derived from plant-based waste- or feedstocks instead of fossil fuels, has entered the functional foods and beverages market with the launch of a new ingredient, Avela natural (R)-1,3-Butanediol.
Key Target Audience
Ketones Manufactures, Ketones DIstributor, Ketones Suppliers, Government Regulatory Bodies, Government Research Organizations, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.