The ketones global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ketones Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ketones market size has grown strongly in recent years. It will grow from $531.09 billion in 2023 to $569.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrial applications in solvents, growth of pharmaceutical and cosmetic industries, expansion of the paints and coatings industry, adoption in adhesives and sealants, development of specialty chemicals..
The ketones market size is expected to see strong growth in the next few years. It will grow to $772.88 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to shift towards bio-based ketones, rising demand for high-performance polymers, growing focus on green chemistry, demand for low-voc coatings, continued growth of electronics industry.. Major trends in the forecast period include technological innovations in synthesis processes, biomedical and therapeutic research, innovations in ketone supplements, ketogenic diet trend, collaborations and development..
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Scope Of Ketones Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ketones Market Overview
Market Drivers –
Increasing demand for processed beverages and foods is significantly contributing to the growth of the Ketones market. Processed beverages and foods are any food that has been altered during preparation to make their flavor more appealing and to extend their shelf life. Ketones are added to various food and beverage items such as energy drinks, supplements, or energy bars to increase their nutritional content, which is consumed by professional athletes and fitness enthusiasts who practice intense workouts and often look for ways to boost their energy and performance and it also reduces the glycemic response that helps in controlling blood sugar levels. For instance, in December 2021, according to the Center for the Promotion of Imports (CBI), a Netherland-based federal agency for foreign affairs, Europe is the largest market for processed fruit and vegetables in the world, absorbing almost half of the global supplies, where imports of processed fruit and vegetables represented 45% of global imports, followed by Asia (27%), North America (17%), Latin America and the Caribbean (3%), Africa (2.5%) and Oceania (2%) in the year 2020. Furthermore, in 2021, Food Export Midwest USA, a US-based non-profit organization that promotes the export of food and agricultural products, Australia ranks 9th in the world for U.S. exports of processed foods accounts US$919 million in 2021, processed food including cooked, canned, frozen, packaged or fortifying foods items. Therefore, the increased demand for processed beverages and food is driving the growth of the Ketones market.
Market Trends –
Product innovations are a key trend gaining popularity in the ketones market. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in March 2021, EKF Diagnostics, a UK-based healthcare company, introduced Stat-Site WB handheld analyzer, a handheld analyzer for measuring beta-ketones and glucose. Stat-Site WB handheld analyzer is a dual-purpose portable analyzer that is intended for use by professionals who manage diabetic patients by quantifying the levels of glucose and -ketones (Beta-Hydroxybutyrate or BHB) in whole blood drawn from capillary or venous samples. It uses two distinct test strips to provide results for ketones in 10 seconds and glucose in 5 seconds without the use of reagents and ensures rapid testing and provides comprehensive management of diabetes patients.
The ketones market covered in this report is segmented –
1) By Type: Ketone Salts, Ketone Esters, Ketone Oil, Raspberry Ketone
2) By Form: Liquid, Solid, Semi-Liquid
3) By Distribution Channel: Direct, Indirect
4) By Application: Cosmetics And Personal Care, Food And Beverages, Dietary Supplements, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the ketones market in 2023. The regions covered in the ketones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the ketones market report are Zhou Nutrition LLC, Pruvit Ventures Inc., Perfect Keto LLC, KetoneAid Inc., Ketologic LLC, Keto and Company, Ancient Nutrition, HVMN Inc., Compound Solutions Inc., Finaflex, Sapien Body Llc., BPI Sports LLC, Know Brainer Foods LLC, Boli Naturals, Nutrex Research, Zenwise LLC, Ketond Nutrition LLC, Bio Brands LLC, Caldic B.V., Pure Encapsulations LLC, Eastman Chemical Company, Fitz Chem LLC, Genomatica Inc., Green Biologics Limited, Ketone Nutrition NNC, Ketond LLC, Merck KGaA, Novomer Inc., Oxidative Stress Inc., Perstorp Holding AB, PhosphonicS Ltd., Propanc Health Group Corporation .
Table of Contents
1. Executive Summary
2. Ketones Market Report Structure
3. Ketones Market Trends And Strategies
4. Ketones Market – Macro Economic Scenario
5. Ketones Market Size And Growth
…..
27. Ketones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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