Global Ketone Market Size, Share, Opportunities, And Trends By Type (Saturated, Unsaturated), By Application (Food & Beverage, Pharmaceutical, Cosmetics, Others), By Form (Solid, Liquid), And By Geography - Forecasts From 2024 To 2029

  • Published : Feb 2024
  • Report Code : KSI061616720
  • Pages : 140

Ketones are known to provide a wide range of benefits to the human body and are a naturally producing acid in the body. Ketones help the body to activate its ketosis state, which is a state where the body burns fat instead of glucose for energy. Due to the relevance of fat burning, the general public has an increased attraction towards ketogenic diets and keto-friendly products. The several benefits of ketones include stimulation of mitochondrial production, protection and regeneration of the nervous system, antioxidant properties, preservation of muscle mass, help prevent cancer growth, and improvement of quality of life. The different types of products that are generally used for ketogenic diets include meats and fish, eggs, nuts and seeds, butter and cream, cheese, and oils such as olive oil and canola oil. The standard ketogenic diet consists of 70-80% fats, 10-20% proteins, and 5-10% carbohydrates. This helps larger amounts of fats being burnt in the body, converting them into energy and keeping the body in shape. The several benefits ketosis provides to the body include:

  • Epilepsy: Keto diets have proven to reduce and prevent seizures in children with epilepsy by altering the excitability part of their brains.
  • Other neurological disorders: Keto diets are known to help improve neurological conditions such as Alzheimer’s disease, autism and brain cancers such as glioblastoma.
  • Type-2 diabetes: Keto diets help manage weight enhance weight loss in the body and also help control the blood sugar levels.
  • Heart disease: Keto diets may reduce the risk of the development of heart diseases by lowering blood pressure and triglycerides, and improving HDL good cholesterol levels.
  • Metabolic syndrome: Keto diets help reduce the risk of developing metabolic syndrome.

Introduction:

The global ketone market is expected to witness significant growth during the forecasted period of 2024-2029, due to factors such as the increasing prevalence of obesity and other related chronic diseases. This further influences the increase in the number of health-conscious consumers and the increase in demand for keto-friendly and ketogenic diets.

Market Drivers:

  • Prevalence of Obesity and other chronic diseases: The increase in the number of health-conscious consumers in the market leads to an increase in demand for weight management and metabolic health management products in the market, which is further influenced by the increasing prevalence of obesity and overweight.  Ketones are known for enabling the human body to perform ketosis on its own, which is a state in which the body burns fat instead of glucose for energy, which further helps in the reduction of weight in the body. The increasing prevalence of obesity in the world leads to an increase in demand for keto-friendly products and ketone supplements, which are diets that help in weight loss and improvement of the body by forcing the body to burn fat instead of glucose.  The World Obesity Federation stated that the total number of people who are suffering from being overweight or obese (BMI=>25) above the age of 5 accounts for an estimated 2,603 million in 2020, which accounts for 38% of the total global population and is expected to reach an estimated 4,005 million people by 2035, which accounts for 51% of the global population. The total obese population (BMI =>30) accounted for an estimated 988 million in 2020, which accounts for 14% of the total population and is expected to increase to reach 1,914 million by 2035, which accounts for 24% of the total global population. The prevalence of the increase in the number of people suffering from being overweight or obese leads to an increase in the need for ketogenic diets, keto-friendly products, and ketone supplements, further expected to influence the global ketone market growth during the forecasted period of 2024-2029.

Key Players:

  • Eastman Chemical Company: An American company known for the production of chemicals, fibres, and advanced materials. They are also known for providing high-performance products such as C-11 Ketone, Methyl n-amyl ketone, and many others.
  • BASF SE: A European multinational company known for producing, marketing and distributing chemicals, plastics, performance products, and crop protection products.  They are also known for various ketone products, which include Cyclododecanone, Cyclopentanone, and many others.

Regional Analysis:

The North American region is expected to witness significant growth in the ketone market during the forecasted period of 2024-2029. The factors that affect the increasing market growth are the increasing prevalence of obesity and chronic diseases in the region. This drives the increase in awareness of the health benefits of ketone and the increase in ketogenic diets in the market. Ketones are naturally produced acids that the body makes when the body starts to burn fat instead of glucose for energy. The increasing prevalence of people suffering from obesity and overweight drives the growth of the need for ketones. The term used for when the body starts to burn fat for energy is known as ketosis. Keto diets are known to contain low carb content, moderate protein content and high amounts of healthy fats, which leads the body to be deprived of carbs and keep the body in the state of ketosis, which helps turn fats into energy and further helps in weight reduction.  As per the Centers for Disease Control and Prevention, all the states and territories in the United States account for an estimated 20% and above in obesity prevalence.  The highest prevalence percentage in the country is in Alabama, which accounts for 38.3% in 2022. Due to the increase in obesity in the region, the demand for ketogenic diets and ketogenic food products is expected to increase during the forecasted period, which further increases the number of people who are health-conscious in the market. Therefore, the increasing prevalence of obesity and other related chronic diseases will lead to an expected increase in the ketones market growth.

Segmentation:

  • By Type:
    • Saturated
    • Unsaturated
  • By Application:
    • Food & Beverage
    • Pharmaceutical
    • Cosmetics
    • Others
  • By Form:
    • Solid
    • Liquid
  • By Geography:
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL KETONE MARKET BY TYPE

5.1. Introduction

5.2. Saturated

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Unsaturated

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

6. GLOBAL KETONE MARKET BY APPLICATION

6.1. Introduction

6.2. Food & Beverage

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Pharmaceutical

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Cosmetics

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Others

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

7. GLOBAL KETONE MARKET BY FORM

7.1. Introduction

7.2. Solid

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Liquid

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

8. GLOBAL KETONE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Material

8.2.2. By Application

8.2.3. By Product Type

8.2.4. By Country

8.2.4.1. United States

8.2.4.1.1. Market Trends and Opportunities

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Trends and Opportunities

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Trends and Opportunities

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Material

8.3.2. By Application

8.3.3. By Product Type

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.1.1. Market Trends and Opportunities

8.3.4.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1. Market Trends and Opportunities

8.3.4.2.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1. Market Trends and Opportunities

8.3.4.3.2. Growth Prospects

8.4. Europe

8.4.1. By Material

8.4.2. By Application

8.4.3. By Product Type

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.1.1. Market Trends and Opportunities

8.4.4.1.2. Growth Prospects

8.4.4.2. Germany

8.4.4.2.1. Market Trends and Opportunities

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Trends and Opportunities

8.4.4.3.2. Growth Prospects

8.4.4.4. Italy

8.4.4.4.1. Market Trends and Opportunities

8.4.4.4.2. Growth Prospects

8.4.4.5. Spain

8.4.4.5.1. Market Trends and Opportunities

8.4.4.5.2. Growth Prospects

8.4.4.6. Others

8.4.4.6.1. Market Trends and Opportunities

8.4.4.6.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Material

8.5.2. By Application

8.5.3. By Product Type

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Trends and Opportunities

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Trends and Opportunities

8.5.4.2.2. Growth Prospects

8.5.4.3. Others

8.5.4.3.1. Market Trends and Opportunities

8.5.4.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Material

8.6.2. By Application

8.6.3. By Product Type

8.6.4. By Country

8.6.4.1. Japan

8.6.4.1.1. Market Trends and Opportunities

8.6.4.1.2. Growth Prospects

8.6.4.2. China

8.6.4.2.1. Market Trends and Opportunities

8.6.4.2.2. Growth Prospects

8.6.4.3. India

8.6.4.3.1. Market Trends and Opportunities

8.6.4.3.2. Growth Prospects

8.6.4.4. South Korea

8.6.4.4.1. Market Trends and Opportunities

8.6.4.4.2. Growth Prospects

8.6.4.5. Taiwan

8.6.4.5.1. Market Trends and Opportunities

8.6.4.5.2. Growth Prospects

8.6.4.6. Thailand

8.6.4.6.1. Market Trends and Opportunities

8.6.4.6.2. Growth Prospects

8.6.4.7. Indonesia

8.6.4.7.1. Market Trends and Opportunities

8.6.4.7.2. Growth Prospects

8.6.4.8. Others

8.6.4.8.1. Market Trends and Opportunities

8.6.4.8.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Eastman Chemical Company

10.2. BASF SE

10.3. INEOS

10.4. Exxon Mobil Chemicals

10.5. Mitsubishi Chemical Holdings Corporation

10.6. LyondellBasell Industries N.V.


Eastman Chemical Company

BASF SE

INEOS

Exxon Mobil Chemicals

Mitsubishi Chemical Holdings Corporation

LyondellBasell Industries N.V.