Ketones Market Size, Share, Growth Drivers, Opportunities, Top Companies, Industry Overview, and Revenue Forecast

Ketones Market Size, Share, Growth Drivers, Opportunities, Top Companies, Industry Overview, and Revenue Forecast

“MarketsandMarkets™”
Ketones Market by Application (Supplements, Food & Beverages, Cosmetics & Personal Care Products), Supplement Type (Ketone Salts, Ketone Esters, Ketone Oils, Raspberry Ketones), Form (Solid, Liquid, Semi-Liquid) and Region – Global Forecast to 2028

The ketones market size is estimated to be valued at USD 561 million in 2023 and is projected to reach USD 765 million by 2028, recording a CAGR of 6.4% in terms of value.  This market encompasses various sectors, including pharmaceuticals, food and beverages, and dietary supplements, where ketones are utilized for their potential health and nutritional benefits. The demand for ketone-based products, such as exogenous ketones or ketone supplements, is influenced by factors like health and wellness trends, ketogenic diets, and fitness regimes.

Ketones Market

Ketones Market Drivers: Exogenous ketones to support the ketosis process

Most people consume ketone supplements along with a ketogenic diet, particularly during the initial stages of the ketogenic diet. This reduces the time it takes to reach ketosis and impacts due to the transition from a standard and higher-carb diet to a ketogenic one. The use of BHB ketone supplements has reduced the impact of keto flu (keto flu includes constipation, headache, bad breath, and muscle cramps, which are seen in many people when they are transitioning from a normal to a ketogenic diet).

BHB ketone supplements have witnessed excellent results in increasing blood ketone levels, with the use of ketone esters, raising it to exceptional levels of 3–6 mM within 30 minutes of consumption. Exogenous ketones also impart various health benefits, such as weight loss and muscle gain. Therefore, these products witness an increase in demand among fitness-conscious consumers, including athletes.

Ketones Market Opportunities: High growth potential of manufacturers in markets such as Asia Pacific and South America

Currently, the North American region dominates the ketones market. However, manufacturers are focusing on partnering with various global e-commerce platforms, such as Amazon, to provide their offerings in other regions. With the increasing results of positive health impact and growing awareness levels, it is expected that the ketones market will witness high growth in the Asia Pacific and South American regions. Countries such as China, Japan, and Brazil are expected to be some of the leading countries in this region. In China, manufacturers such as BPI Sports and Volkem occupy a significant share in the market for ketone supplements.

By type, the Ketone salts segment is projected to grow with the highest CAGR in the Ketones market during the forecast period.

The increasing adoption of ketogenic diets and the rising popularity of exogenous ketones contribute to the demand for ketone salts. These salts, typically composed of beta-hydroxybutyrate (BHB) and mineral ions like sodium, potassium, and calcium, provide a convenient and palatable way for individuals to elevate ketone levels. The ease of incorporation into various consumer products, including supplements and functional foods, enhances the market appeal of ketone salts. Consumers prefer supplements that offer a convenient and accessible source of exogenous ketones to support their nutritional goals.

Furthermore, the extensive application of ketone salts in sports and fitness nutrition supplements, where they are utilized for energy enhancement and improved athletic performance, fuels their market growth. The versatility of ketone salts in meeting diverse consumer needs, coupled with ongoing research and development efforts to enhance their efficacy and taste profiles, positions this segment for substantial growth in the evolving ketone market landscape.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123702593

By application, the food and beverages segment accounts for a significant market share in the Ketones market.

The growing consumer awareness of ketogenic diets and the associated health benefits propels the demand for ketones in food and beverage applications. As individuals seek healthier dietary choices, the incorporation of ketones into food and beverage products aligns with the trend toward functional and wellness-oriented nutrition. The versatility of ketones in enhancing flavor profiles without compromising nutritional integrity makes them a valuable ingredient in various food and beverage formulations. Ketones, especially ketone salts, and esters, can be seamlessly integrated into a range of products, including energy drinks, snacks, and functional foods, offering consumers a convenient way to incorporate exogenous ketones into their daily routines. The rise of sports and fitness nutrition also contributes to the prominence of ketones in the food and beverages segment. Athletes and fitness enthusiasts seek performance-boosting supplements, and ketones are recognized for their potential to enhance energy levels and endurance, making them popular additions to sports nutrition products.

Asia Pacific is poised to experience the highest CAGR in the Ketones market during the forecast period.

The region is witnessing a surge in health and wellness awareness, with consumers increasingly adopting ketogenic diets and embracing products containing exogenous ketones. This shift towards healthier lifestyles, coupled with rising disposable incomes, propels the demand for ketone-based supplements, driving market growth. Furthermore, the prevalence of obesity and related health concerns in some Asia Pacific countries has led to an increased focus on weight management and alternative dietary approaches. Ketogenic diets, supported by ketone supplements, are gaining traction as effective strategies for weight control, contributing to the heightened demand for ketones in the region. The expanding sports and fitness culture in the Asia Pacific boosts the demand for performance-enhancing supplements, including ketones. As individuals engage in more physical activities and sports, the appeal of ketones in improving endurance and energy levels fuels their incorporation into sports nutrition products. Moreover, the region’s dynamic food and beverage industry is increasingly exploring innovative formulations, integrating ketones into functional foods and beverages. This diversification of product offerings further accelerates the adoption of ketones across various consumer segments, solidifying Asia Pacific’s position as a key growth driver in the ketones market.

Top Companies in the Ketones Market

Key players in this market include Perfect Keto Group (US), H.V.M.N, INC. (US), Ketologic (US), Pruvit Ventures, Inc. (US), Ketoneaid (US), Max Sweets (US), Keto and Co (US), Eastman Chemical Company (US), Zenwise (US), Nutrex Research, Inc. (US), Genomatica, Inc. (US), Lifesense Product (US), TdeltaS Global, Inc. (US), Advanced Biotech (US), and Boli LLC (US)

Perfect Keto Group is a key player in the ketone market that offers various types of ketone-based food and beverage products. The company was formed in 2015 due to the expansion of Dr. Augustin’s supplements company and has its headquarters in Austin (US). The company caters to different requirements of segments, such as keto essentials, snacks & nutrition, and energy & performance. Its keto essential segment consists of products such as exogenous ketone base, MCT oil powder, and keto collagen.

Through the snacks and nutrition segment, it provides various keto snacks and drinks, such as keto bars, keto chocolate drinks, and keto chocolate snacks. The energy and performance segment consists of products such as exogenous ketone base, keto nootropic, and instant keto coffee packs. The company offers clean label ingredients. The main focus of the company is to improve health by providing various ketone based products to consumers. Ketone based food products offered by the company promote better health, mental clarity, and fat loss.

A recent noteworthy development is Pruvit Venture’s merger with Sunbasket (US), in which FBFK Law Firm, based in Dallas, has successfully finalized a USD 1.3 billion transaction that merges Sunbasket, a leading company in the at-home meal kit industry, with Prüvit Ventures, a prominent player in the ketogenic lifestyle sector. The collaboration aims to offer consumers fully ketogenic meal kits for convenient at-home preparation. This merger will concentrate on developing the initial personalized wellness platform that integrates food, community, and supplements.

H.V.M.N. Inc. ( Health Via Modern Nutrition.) is based in San Francisco and manufactures as well as sells ketogenic products, such as the ketone ester flagship product, nootrobox supplements, MCT oil powder, and keto collagen. It focuses on utilizing the systems engineering approach to enhance the health, longevity, and performance of the consumers. CEO and co-founder of the company partnered with one of the professors of the University of Oxford to develop H.V.M. N. ketone ester drink. Ketone ester is their flagship product, as it is scientifically proven to improve the metabolic performance, and its ketone ester technology is patented.

H.V.M.N. has partnered with GovX where it provide its product at discounted rate to members of the Armed forces, families affiliated with the military, Emergency Responders, Public Servants and educators.

KetoLogic, headquartered in Durham, North Carolina, is a wellness company dedicated to offering the products, tools, and resources necessary for sustaining the keto diet. KetoLogic encourages consumers to replace one meal with KetoLogic protein shakes. The company offers products from various categories, such as keto energy bhb, mct oil, keto coffee creamer, ketomeal, bhb exogenous ketones, fb24 fat loss supplement, and keto 30 challenge bundle. It offers its products in the US, the UK, and South Africa. The company provides bhb exogenous ketones that contain exogenous β-hydroxybutyrate, which has proven to be beneficial for weight loss.

The company’s mission is to enlighten individuals about the advantages of embracing a ketogenic lifestyle and to offer products, tools, and resources that support the ketogenic way of eating. In our dedication to enhancing accessibility to the ketogenic diet, we create low-carb, high-fat foods and supplements.

Ketones Industry News:

In June 2023, Advanced Biotech established a facility in Oneonta, New York, specifically crafted to optimize energy efficiency. As an integral part of this dedication, the company has implemented a 5-acre solar panel field to produce renewable energy for the plant. The facility encompasses a 65,000 sq. foot warehouse, and 10,000 sq. feet of refrigeration, along with additional capabilities for spray drying and specialty chemical manufacturing. This production facility will help the company to increase the production of ketone-based products like Methyl Ketone Mix 2hn Natural, Raspberry Ketone Natural, Methyl Ketones Mix (Non-Dairy) Natural, and many more.

In April 2023, Health Via Modern Nutrition announced the introduction of Ketone-IQ across all 389 Sprouts Farmers Market grocery store locations in the US. The supplement captures the intersection of the rapidly expanding functional wellness shot category in grocery stores and because of the popularity and affordability of the product, the company will benefit from these grocery stores.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=123702593

About MarketsandMarkets™

MarketsandMarketsTM has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/ketone-market-123702593.html