Ketones Market to Witness Robust Growth until 2025
According
to TechSci Research report, “Global Ketones Market By
Form (Solid, Liquid & Semi-liquid), By Application (Supplements, Food &
Beverages, Cosmetics & Personal Care Products), By Supplement Type (Ketone
Salts, Ketone Esters, Ketone Oil, Raspberry Ketones), By Region, Forecast &
Opportunities, 2025”, the global ketones market is
expected to grow at a significant
rate during the forecast period on account of increasing trend of
adopting healthy lifestyle, consumption of convenience foods and widening
application base of ketones in automotive, electronics & electric and
industrial processes. Additionally, ketone also behaves as an excellent solvent
for certain types of plastics and synthetic fibers, hence finds application in
different sectors such as pharmaceutical, food, fragrance, cosmetics because of
its chemical properties. Ketones are often used in perfumes and paints in order
to stabilize the ingredients to avoid degradation. However, high price of
ketones along with availability of multiple substitutes with similar properties
can hamper the market growth.
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The global ketones market is segmented based on form, application, supplement
type, company and region. Based on application, the global market for ketones
is segmented into supplements, food & beverages and cosmetics &
personal care products. Among them, supplement type accounted for the largest
share in 2019 owing to factors such as growing use of ketone supplements among
sportsmen and increased health awareness among people in general.
Globally,
Asia-Pacific held the leading market share in the global ketones market in 2019.
The region is expected to further observe high growth during the forecast years
because of favorable economic factors such as industrialization in developing
economies like India and China. These developing economies are also witnessing developments
in chemical industry infrastructure, which is positively impacting the global
ketones market.
HVMN Inc., Perfect Keto LLC, BPI
Sports Holdings, LLC, Disruptive Enterprises, LLC (KetoLogic), Pruvit Ventures
Inc, Ketone Aid Inc, Compound Solution Inc., Union Pharmpro Company Ltd.,
Ketond Nutrition LLC and Volken Chemicals Pvt Ltd. are some of the
leading players operating in global ketones market. The leading market players
are undertaking different strategies to improve their market position and exercise
their competitive advantage.
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“Based on form, the solid form of ketones witnessed
high demand in 2019 compared to liquid or semi-liquid forms. Solid form is readily
available for use and is convenient to carry. Also, relative to liquid and
semi-liquid types, it has improved shelf life and does not need any sort of
blender unlike the liquid form. These factors make the solid form of ketones a
more preferred alternative among consumers.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Ketones Market By Form (Solid, Liquid &
Semi-liquid), By Application (Supplements, Food & Beverages, Cosmetics
& Personal Care Products), By Supplement Type (Ketone Salts, Ketone Esters,
Ketone Oil, Raspberry Ketones), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global ketones
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global ketones market.
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