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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

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    Report

  • 154 Pages
  • December 2019
  • Region: Global
  • Markets and Markets
  • ID: 4868115
Description Jump to:

The ketone market is projected to grow at a CAGR of 6.3% from 2019 to 2025.

The global ketone market is estimated to be valued at USD 443 million in 2019 and is projected to reach USD 640 million by 2025, recording a CAGR of 6.3%. The increase in the consumption of convenience food, rise in health consciousness among consumers, and multifunctionalities of ketones are some of the major factors that have led to an increase in its applications and surge in demand for ketone supplements. These factors are projected to drive the growth of the global ketone market.

The supplement segment is projected to be the largest segment in the ketone market during the forecast period.

Ketone increasingly finds application in supplements, food & beverages, and cosmetics & personal care products. It is gaining popularity as a popular solution for weight loss. In addition, the exogeneous ketone supplements are projected to enhance the performance of athletes and sportsperson, which makes it a popular alternative among sports enthusiasts as compared to caffeinated energy drinks, which have certain side effects as well. With the increase in the trend of healthy living and the rise in disposable income, consumers are encouraged to spend on luxury food products, apart from the conventional source of nutrients.

The ketone salts segment to witness the fastest growth in the market during the forecast period.

By supplement type, the ketone market is segmented into ketone salts, ketone esters, ketone oil, and raspberry ketones. The ketone salts segment held the largest market share, in terms of value and volume, in 2018. This segment is projected to witness high growth due to the increasing consumer preferences, as various companies are focusing on marketing their products. As compared to ketone esters, extraction procedures for ketone salts are easier. On the other hand, esters are difficult to extract and are offered at higher prices. A few companies can afford high capital investments and have started the production of ketone esters. Esters are premium products, and hence, the adoption of ketone esters is quite less among the consumers.

North America is estimated to account for the largest market share due to its high demand from the US.

The application of ketone salts is increasing in the US, as a dietary supplement, particularly among the younger population and athletes. Companies entering this market are focusing on increasing the production of ketones due to its high demand. In addition, the cost of these sales is comparatively low, which further increases its consumption in comparison to the other supplement types. Hence, North America dominated the ketone salts market in 2018. Further, the sales remain high attributed to its support in weight loss regimes. Due to these factors, ketone salts are gaining traction among the younger population in the Asian countries, thereby offering high growth opportunities in the region.

Break-up of Primaries


  • By Designation: CXO – 45%, Manager – 33%, and Executive – 22%
  • By Value Chain: Manufacturers - 10%, End-users - 90%
  • By Region: US – 70%, India – 10%, UK – 10%, China – 10%

Leading players profiled in this report


  • Perfect Keto (US)
  • HVMN Inc (US)
  • BPI Sports (US)
  • Ketologic (US)
  • Pruvit (US)
  • Ketone Aid Inc. (US)
  • Compound Solution Inc. (US)
  • Sapien Body (US)
  • Zhou Nutrition (US)
  • Know Brainer Foods (US)
  • Finaflex (US)
  • ION Labs (US)
  • Keto & Company (US)
  • Boli Naturals (US)
  • Volken Chemicals (India)
  • Union Pharmpro Company Limited (China)
  • Nutrex Research (US)
  • Ancient Nutrition (US)
  • Zenwise Health (US)
  • Ketond Nutrition LLC (US)

Research Coverage
This report segments the ketone market into application, supplement type, form, and region. In terms of insights, this research report focuses on various levels of analyses - competitive landscape, end-use analysis, and company profiles - which together comprise and discuss the basic views on the emerging & high-growth segments of the ketone market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.

Reasons to buy this report


  • To get a comprehensive overview of the ketone market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights about the major countries/regions, in which the ketone market is flourishing

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Secondary Sources
2.1.2.2 Breakdown of Primaries
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Ketone Market
4.2 Ketone Market, By Region, 2019 vs 2025
4.3 Ketone Market, By Supplement Type, 2019 vs 2025
4.4 Ketone Market, By Form, 2019 vs 2025 (USD Million)
4.5 North America: Ketone Market, By Application and Country, 2018
5 Market Overview
5.1 Introduction
5.2 Supply Chain Analysis
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Exogenous Ketones to Support the Ketosis Process
5.3.1.2 New Product Launches for Keto Supplements to Remain High
5.3.1.3 Ketones to Gain Prominence in the Market Due to Their Various Health Benefits
5.3.2 Restraints
5.3.2.1 High Price of Ketone Supplements to Inhibit the Adoption in Developing Economies
5.3.2.2 Side-Effects and Risks Associated With the Consumption of Ketones
5.3.3 Opportunities
5.3.3.1 Increasing Use of Ketones to Create Growth Opportunities for Manufacturers in the Beverage Industry
5.3.3.2 High Growth Potential of Manufacturers in Markets Such as Asia Pacific and South America
5.3.4 Challenges
5.3.4.1 High R&D Cost and Technical Difficulties in the Manufacturing Process
5.3.4.2 Increasing Focus and Investment on Improving the Flavor of Ketone Products
5.4 YC & YCC Shift
5.5 Clinical Study
5.5.1 Impact of Exogenous Ketones on Patients Suffering From Migraine (University Hospital, Switzerland)
5.5.2 Impact of Exogenous Ketones on the Blood Glucose Levels (Sponsor - Augusta University, Funding - Pruvit Ventures)
5.6 Pricing Analysis of Bhb Ketone Supplements
6 Ketone Market, By Application
6.1 Introduction
6.2 Supplements
6.2.1 Ketone Supplements Play an Important Role in Sports Beverages, as They Enhance the Physical Performance of Athletes
6.3 Food & Beverages
6.3.1 Rising Health Awareness Among Consumers to Drive the Demand for Ketone-Infused Food & Beverage Products
6.4 Cosmetics & Personal Care Products
6.4.1 Raspberry Ketone Finds Increasing Application in Cosmetics & Personal Care Products Due to Its Various Properties
7 Ketone Market, By Supplement Type
7.1 Introduction
7.2 Ketone Salts
7.2.1 Dietary Supplements are the Most Preferred Application for Ketone Salts
7.3 Ketone Esters
7.3.1 Being A Premium Product, Adoption of These Products is Limited
7.4 Ketone Oils
7.4.1 Demand for Ketone Oil has Been Growing in Food & Beverages
7.5 Raspberry Ketones
7.5.1 Cosmetic Industry has Been Conducting Research on the Application of Raspberry Ketones
8 Ketone Market, By Form
8.1 Introduction
8.2 Solid
8.2.1 Solid is the Most Preferred Formulation for Ketone Products Owing to Its Better Storage Properties
8.3 Liquid and Semi-Liquid
8.3.1 Liquid is the Purest and Fastest Metabolizing Source of Ketone
9 Ketone Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 The Availability of Innovative Ketone-Based Food Products in Food Outlets, Restaurants, and Local Stores to Drive the Ketone Market in the US
9.2.2 Canada
9.2.2.1 Local Players to Dominate the Ketone Market in the Country
9.2.3 Mexico
9.2.3.1 Social Media to Encourage the Demand for Ketone-Based Products in Mexico
9.3 Europe
9.3.1 Germany
9.3.1.1 Ketones are Rapidly Replacing Caffeine in Energy Drinks Due to Their Side-Effects on Health
9.3.2 France
9.3.2.1 Intake of Ketone Bodies Or Supplements Helps in Curing Chronic Diseases Such as Alzheimer’s
9.3.3 Italy
9.3.3.1 High Caffeine Levels in the Diet Simultaneously Increase Health Risks, Due to Which Ketones are Replacing Caffeine in Energy Drinks
9.3.4 UK
9.3.4.1 UK Government Regulations on Caffeine-Rich Products Create Opportunities for Ketone-Based Beverages
9.3.5 Netherlands
9.3.5.1 Ketone-Infused Supplements have Improved the Performance of Athletes
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 The Market for Ketone Supplements in China is Extremely Fragmented With Generic Players
9.4.2 India
9.4.2.1 Keto Diet in India has Been Gaining Popularity, Which Creates an Opportunity for Ketone-Based Products
9.4.3 Australia & New Zealand
9.4.3.1 Us-Based Ketone Manufacturers have Been Expanding in This Market
9.4.4 Japan
9.4.4.1 Premium Cosmetic Products are Highly Adopted in the Country, and Hence Ketone-Based Cosmetic Products have Huge Opportunities for Growth
9.4.5 Rest of Asia Pacific
9.5 Rest of the World (RoW)
9.5.1 South America
9.5.1.1 Close Proximity to the US Can Accelerate the Awareness of Ketone-Based Products in Brazil and Argentina
9.5.2 Middle East & Africa
9.5.2.1 Unfavorable Economic Conditions Can Hinder the Adoption of Ketone-Based Products
10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping (Key Players)
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Companies
10.3 Competitive Benchmarking
10.3.1 Strength of Product Portfolio
10.3.2 Business Strategy Excellence
10.4 Competitive Scenario
10.4.1 New Product Launches
10.4.2 Expansions & Investments
10.4.3 Joint Ventures, Agreements, and Partnerships
11 Company Profiles
11.1 Perfect Keto
11.2 HVMN Inc.
11.3 BPI Sports
11.4 Ketologic
11.5 Pruvit Ventures, Inc
11.6 Ketoneaid Inc
11.7 Compound Solutions, Inc.
11.8 Sapien Body
11.9 Zhou Nutrition.
11.10 Know Brainer Foods
11.11 Finaflex
11.12 Ion Labs
11.13 Keto and Company
11.14 Boli Naturals
11.15 Volkem Chemical Llp
11.16 Union Pharmpro Co Limited
11.17 Nutrex Research
11.18 Ancient Nutrition
11.19 Zenwise Health
11.20 Ketond LLC.
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables
Table 1 USD Exchange Rates Considered, 2014–2018
Table 2 Ketone Market Size, By Application, 2017–2025 (Tons)
Table 3 Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 4 Ketone Market Size in Supplements, By Region, 2017–2025 (Tons)
Table 5 Ketone Market Size in Supplements, By Region, 2017–2025 (USD Million)
Table 6 Ketone Market Size in Food & Beverages, By Region, 2017–2025 (Tons)
Table 7 Ketone Market Size in Food & Beverages, By Region, 2017–2025 (USD Million)
Table 8 Ketone Market Size in Cosmetics & Personal Care Products, By Region, 2017–2025 (Tons)
Table 9 Ketone Market Size in Cosmetics & Personal Care Products, By Region, 2017–2025 (USD Million)
Table 10 Ketone Market Size, By Supplement Type, 2017–2025 (Tons)
Table 11 Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 12 Ketone Salts Market Size, By Region, 2017–2025 (Tons)
Table 13 Ketone Salts Market Size, By Region, 2017–2025 (USD Million)
Table 14 Ketone Esters Market Size, By Region, 2017–2025 (Tons)
Table 15 Ketone Esters Market Size, By Region, 2017–2025 (USD Million)
Table 16 Ketone Oils Market Size, By Region, 2017–2025 (Tons)
Table 17 Ketone Oils Market Size, By Region, 2017–2025 (USD Million)
Table 18 Raspberry Ketones Market Size, By Region, 2017–2025 (Tons)
Table 19 Raspberry Ketones Market Size, By Region, 2017–2025 (USD Million)
Table 20 Ketone Market Size, By Form, 2017–2025 (Tons)
Table 21 Ketone Market Size, By Form, 2017–2025 (USD Million)
Table 22 Solid Ketone Market Size, By Region, 2017–2025 (Tons)
Table 23 Solid Ketone Market Size, By Region, 2017–2025 (USD Million)
Table 24 Liquid and Semi-Liquid Ketone Market Size, By Region, 2017–2025 (Tons)
Table 25 Liquid and Semi-Liquid Ketone Market Size, By Region, 2017–2025 (USD Million)
Table 26 Ketone Market Size, By Region, 2017–2025 (Tons)
Table 27 Ketone Market Size, By Region, 2017–2025 (USD Million)
Table 28 North America: Ketone Market Size, By Country, 2017–2025 (Tons)
Table 29 North America: Ketone Market Size, By Country, 2017–2025 (USD Million)
Table 30 North America: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 31 North America: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 32 North America: Ketone Market Size, By Supplement Type, 2017–2025 (Tons)
Table 33 North America: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 34 US: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 35 US: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 36 US: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 37 Canada: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 38 Canada: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 39 Canada: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 40 Mexico: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 41 Mexico: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 42 Mexico: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 43 Europe: Ketone Market Size, By Country, 2017–2025 (Tons)
Table 44 Europe: Ketone Market Size, By Country, 2017–2025 (USD Million)
Table 45 Europe: Ketone Market Size, By Form, 2017–2025 (Tons)
Table 46 Europe: Ketone Market Size, By Form, 2017–2025 (USD Million)
Table 47 Europe: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 48 Europe: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 49 Europe: Ketone Market Size, By Supplement Type, 2017–2025 (Tons)
Table 50 Europe: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 51 Germany: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 52 Germany: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 53 Germany: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 54 France: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 55 France: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 56 France: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 57 Italy: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 58 Italy: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 59 Italy: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 60 UK: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 61 UK: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 62 UK: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 63 Netherlands: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 64 Netherlands: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 65 Netherlands: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 66 Rest of Europe: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 67 Rest of Europe: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 68 Rest of Europe: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 69 Asia Pacific: Ketone Market Size, By Country, 2017–2025 (USD Million)
Table 70 Asia Pacific: Ketone Market Size, By Country, 2017–2025 (Tons)
Table 71 Asia Pacific: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 72 Asia Pacific: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 73 Asia Pacific: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 74 Asia Pacific: Ketone Market Size, By Supplement Type, 2017–2025 (Tons)
Table 75 Asia Pacific: Ketone Market Size, By Form, 2017–2025 (USD Million)
Table 76 Asia Pacific: Ketone Market Size, By Form, 2017–2025 (Tons)
Table 77 China: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 78 China: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 79 China: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 80 India: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 81 India: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 82 India: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 83 Australia & New Zealand: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 84 Australia & New Zealand: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 85 Australia & New Zealand: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 86 Japan: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 87 Japan: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 88 Japan: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 89 Rest of Asia Pacific: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 90 Rest of Asia Pacific: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 91 Rest of Asia Pacific: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 92 RoW: Ketone Market Size, By Region, 2017–2025 (Tons)
Table 93 RoW: Ketone Market Size, By Region, 2017–2025 (USD Million)
Table 94 RoW: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 95 RoW: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 96 RoW: Ketone Market Size, By Supplement Type, 2017–2025 (Tons)
Table 97 RoW: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 98 RoW: Ketone Market Size, By Form, 2017–2025 (Tons)
Table 99 RoW: Ketone Market Size, By Form, 2017–2025 (USD Million)
Table 100 South America: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 101 South America: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 102 South America: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 103 Middle East & Africa: Ketone Market Size, By Application, 2017–2025 (Tons)
Table 104 Middle East & Africa: Ketone Market Size, By Application, 2017–2025 (USD Million)
Table 105 Middle East & Africa: Ketone Market Size, By Supplement Type, 2017–2025 (USD Million)
Table 106 New Product Launches, 2017–2019
Table 107 Expansions, 2017–2019
Table 108 Joint Ventures, Agreements, and Partnerships, 2017–2019
List of Figures
Figure 1 Ketone Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Ketone Market: Research Design
Figure 4 Data Triangulation Methodology
Figure 5 The Solid Segment is Projected to Dominate the Ketone Market Throughout 2025
Figure 6 The Ketone Salts Segment, on the Basis of Supplement, is Projected to Dominate the Ketone Market During the Forecast Period
Figure 7 The Supplements Segment, on the basis of Application, is Projected to Dominate the Ketone Market
Figure 8 Asia Pacific to Be the Fastest-Growing Region in the Ketone Market During the Forecast Period
Figure 9 Ketone: an Emerging Market With High Growth Potential
Figure 10 North America to Dominate the Ketone Market From 2019 to 2025
Figure 11 The Ketone Salts Segment, on the Basis of Supplement, is Projected to Hold the Largest Share From 2019 to 2025
Figure 12 The Solid Segment is Projected to Hold A Larger Share in the Ketone Market From 2019 to 2025 (USD Million)
Figure 13 The Supplements Segment, on the basis of Application, Accounted for the Largest Share in the North American Ketone Market
Figure 14 China and Japan are Projected to Grow at High CAGRs During the Forecast Period (Value)
Figure 15 Ketone Market: Supply Chain Analysis
Figure 16 Ketone Market Dynamics
Figure 17 New Product Launches, 2018
Figure 18 YC & YCC Shift – for HVMN
Figure 19 Ketone Market Size, By Application, 2019 vs 2025 (Tons)
Figure 20 Ketone Market Size, By Application, 2019 vs 2025 (USD Million)
Figure 21 Ketone Market in Supplements, By Region, 2019 vs 2025 (Tons)
Figure 22 Ketone Market in Supplements, By Region, 2019 vs 2025 (USD Million)
Figure 23 Ketone Market, By Supplement Type, 2019 vs 2025 (Tons)
Figure 24 Ketone Market, By Supplement Type, 2019 vs 2025 (USD Million)
Figure 25 Ketone Salts: Ketone Market, By Region, 2019 vs 2025 (Tons)
Figure 26 Ketone Salts: Ketone Market, By Region, 2019 vs 2025 (USD Million)
Figure 27 Ketone Market Size, By Form, 2019 vs 2025 (Tons)
Figure 28 Ketone Market Size, By Form, 2019 vs 2025 (USD Million)
Figure 29 Solid Ketone Market Size, By Region, 2019 vs 2025 (Tons)
Figure 30 Solid Ketone Market, By Region, 2019 vs 2025 (USD Million)
Figure 31 The US Occupied A Significant Share in the Global Ketone Market, in Terms of Value, in 2018
Figure 32 North America: Ketone Market Snapshot, 2018
Figure 33 Europe: Ketone Market Snapshot, 2018
Figure 34 Key Developments of the Leading Players in the Ketone Market, 2014–2018
Figure 35 Ketone Market: Competitive Leadership Mapping, 2018

Companies Mentioned

  • Ancient Nutrition
  • Boli Naturals
  • BPI Sports
  • Compound Solutions, Inc.
  • Finaflex
  • HVMN Inc.
  • Ion Labs
  • Keto and Company
  • Ketologic
  • Ketond LLC.
  • Ketoneaid Inc
  • Know Brainer Foods
  • Nutrex Research
  • Perfect Keto
  • Pruvit Ventures, Inc
  • Sapien Body
  • Union Pharmpro Co Limited
  • Volkem Chemical Llp
  • Zenwise Health
  • Zhou Nutrition.

Methodology

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