Ketones Market Worth $640 Million by 2025 - Exclusive Report by MarketsandMarkets
CHICAGO, Dec. 2, 2019 /PRNewswire/ -- According to the new market research report "Ketones Market by Application (Supplements, Food & Beverage, Cosmetics & Personal Care), Supplement Type (Ketone Salts, Ketone Esters, Ketone Oils, Raspberry Ketones), Form and Region – Global Forecast to 2025", published by MarketsandMarkets, the Ketones Market is estimated to be valued at USD 443 million in 2019 and is projected to reach a value of USD 640 million by 2025, growing at a CAGR of 6.3% during the forecast period. The rise in functional food & beverage consumption, the multifunctionalities of ketones, and increased consumer awareness on healthy food products among consumers are factors that are projected to drive the growth of the global ketones market.
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The supplement segment is estimated to witness the fastest growth in the ketone market, in terms of value, in 2019.
Ketone is used as an ingredient in the supplement market in various forms, such as ketone salts, ketone esters, ketone oils, and raspberry ketones. These supplements help to induce ketosis in the human body, which increases the energy levels naturally. These molecules also help in weight loss, as it suppresses the appetite. Ketones are also trending as an alternative for caffeinated drinks in the sports nutrition sector. The increase in the geriatric population and rise in the disposable income have led people to invest in health-enriching products and services, which is projected to drive the growth of the ketones market.
Browse in-depth TOC on "Ketones Market"
108 – Tables
35 – Figures
153 – Pages
The ketone salts segment is estimated to account for a larger market share in the ketone market, in terms of value, in 2019
Due to the low purity level, the prices of these salts remain comparatively low. Hence, the adoption of these salts as supplements is common among the millennial population. Hence, the ketone salt subsegment dominated the supplement segment in the market. The rising per capita income, the growing trend of consuming convenience food products, and increased spending on exogeneous supplements to replace traditional nutritional options are the major factors that are projected to drive the growth of the ketone market.