Ketones Market by Type, Grade, Form, Application

List of Tables

[181 Pages Report] The Ketones Market size was estimated at USD 6.81 billion in 2023 and expected to reach USD 7.21 billion in 2024, at a CAGR 6.22% to reach USD 10.40 billion by 2030.

Ketones are a class of organic compounds characterized by the presence of a C=O (carbonyl) group wherein the carbon atom is covalently bonded to two other carbon atoms. The compound formula for a ketone is RC(=O)R', where R and R' are alkyl or aryl groups. Ketones are distinct from other carbonyl-containing compounds such as aldehydes, where the carbonyl carbon is bonded to at least one hydrogen atom, and carboxylic acids, which have an -OH group in addition to the carbonyl group. In addition to their presence in various chemical syntheses and industrial applications, ketones are recognized for their role in biological systems. In the human body, ketones are produced as alternative energy sources by the liver during prolonged fasting or low-carbohydrate diets, leading to a metabolic state known as ketosis. Ketones are soluble in water and can be used as solvents in various sectors, including pharmaceuticals, perfumery, and solvents. The growth of the ketones market is largely driven by the rising demand for supplements in sports nutrition and weight management. Additionally, the adoption of ketogenic diets for health benefits and the increased use of ketone bodies in cosmetic and personal care products contribute to market expansion. There is also a growing interest in using renewable sources for producing bio-based ketones, which serve as solvents and intermediates in various industries. Despite the growth prospects, there is a high cost associated with the production and extraction of certain types of ketones, and potential health risks for consumers with underlying conditions restrict the market growth. However, the potential application of ketones in novel therapeutic areas and technological advancements in the production and processing of ketones open future growth avenues for the ketones market.

KEY MARKET STATISTICS
Base Year [2023]	USD 6.81 billion
Estimated Year [2024]	USD 7.21 billion
Forecast Year [2030]	USD 10.40 billion
CAGR (%)	6.22%

Regional Insights

The ketones market in the Americas is exhibiting robust growth, driven primarily by the increasing health consciousness among consumers. The United States contributes majorly to the market in this region, bolstered by a strong sports nutrition sector and widespread adoption of ketogenic diets for weight loss and diabetes management. Europe is showcasing steady growth in the ketones market, with high-level awareness surrounding ketogenic diets for therapeutic purposes and as a lifestyle choice. The Middle East and African markets are experiencing gradual growth, owing to the rising incidence of obesity and diabetes, driving consumption of ketone supplements. Asia-Pacific is witnessing the fastest growth in the ketones market, which is attributed to an expanding middle class, increasing urbanization, and greater awareness of health and wellness products. Additionally, countries in the region with significant investments in innovation and health-focused food products are also contributing to the market growth in the Asia-Pacific.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Ketones Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing potential of ketone supplementation as a metabolic therapy
- Significant applications of ketones in skincare products

Market Restraints
- High costs associated with ketone-derived products

Market Opportunities
- Ongoing research and innovations in ketone production
- Rising investment in ketone-based clinical applications

Market Challenges
- Issues associated with production and storage of ketones

Market Segmentation Analysis
- Type: Rising demand for raspberry ketone in weight management supplements
- Application: Growing research on potential of ketone ester supplements

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Ketones Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Ketones Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Deltag Ketones to Become New Partner at Alpecin-Deceuninck From 2024

DeltaG Ketones has partnered with a cycling team, Alpecin-Deceuninck, to integrate deltaG's innovative ketone ester into the team's nutritional regimen, with an aim to augment athletic performance, mental sharpness, and recovery speeds. This strategic alliance aligns squarely with Alpecin-Deceuninck's commitment to the holistic health and excellence of their cyclists. [Published On: 2023-12-20]

The Buck Gets USD 3.5 Million to Conduct the First-Ever Clinical Trial of Ketone Supplementation to Treat and or Prevent Frailty

The Buck Institute for Research on Aging has been awarded a significant USD 3.5 million federal grant to spearhead a groundbreaking study on the potential benefits of ketone ester supplements in combating frailty among the elderly. This pioneering research, known as TAKEOFF (Targeting Aging with Ketone Ester in Older Adults for Function in Frailty), is expected to be the largest and most comprehensive trial of its kind, enrolling 180 participants across the Buck Institute, Ohio State University, and the University of Connecticut Health Center. [Published On: 2023-09-11]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Ketones Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Ketones Market, highlighting leading vendors and their innovative profiles. These include Advanced Biotech, Altivia, Arkema S.A., Arogreen, S.L., BASF SE, Eastman Chemical Company, Exxon Mobil Corporation, Fengchen Group Co., Ltd., Hebei Jinchangsheng Chemical Technology Co., Ltd., Henan GP Chemicals Co.,Ltd., Kumho P&B Chemicals Inc., Lifechem Pharma, Merck KGaA, Mitsui Chemicals Inc., Otto Chemie Pvt Ltd., Prasol Chemicals Pvt. Ltd, Sasol Limited, Shell PLC, Solvay S.A., Spectrum Laboratory Products, Inc., Taj Pharmaceuticals Limited, TdeltaS Global, Inc., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd., Vizag Chemical International, and Zhengzhou Meiya Chemical Products Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Ketones Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Ketone Esters
- Ketone Oil
- Ketone Salts
- Raspberry Ketone

Grade
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- Research Grade

Form
- Liquid
- Solid

Application
- Cosmetics & Personal Care
- Dietary Supplements
- Food & Beverages

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-BB00994AFA07

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing potential of ketone supplementation as a metabolic therapy
  - 5.1.1.2. Significant applications of ketones in skincare products
- 5.1.2. Restraints
  - 5.1.2.1. High costs associated with ketone-derived products
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research and innovations in ketone production
  - 5.1.3.2. Rising investment in ketone-based clinical applications
- 5.1.4. Challenges
  - 5.1.4.1. Issues associated with production and storage of ketones
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising demand for raspberry ketone in weight management supplements
- 5.2.2. Application: Growing research on potential of ketone ester supplements
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Ketones Market, by Type

6.1. Introduction
6.2. Ketone Esters
6.3. Ketone Oil
6.4. Ketone Salts
6.5. Raspberry Ketone

7. Ketones Market, by Grade

7.1. Introduction
7.2. Food Grade
7.3. Industrial Grade
7.4. Pharmaceutical Grade
7.5. Research Grade

8. Ketones Market, by Form

8.1. Introduction
8.2. Liquid
8.3. Solid

9. Ketones Market, by Application

9.1. Introduction
9.2. Cosmetics & Personal Care
9.3. Dietary Supplements
9.4. Food & Beverages

10. Americas Ketones Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Ketones Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Ketones Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Deltag Ketones to Become New Partner at Alpecin-Deceuninck From 2024
- 13.3.2. The Buck Gets USD 3.5 Million to Conduct the First-Ever Clinical Trial of Ketone Supplementation to Treat and or Prevent Frailty
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio