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Ketones Global market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
The Business Research Company's Ketones Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, September 26, 2024 /EINPresswire / -- The ketones market has experienced robust growth in recent years, expanding 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.
What Is The Estimated Market Size Of The Global Ketones Market And Its Annual Growth Rate?
The ketones market is projected to continue its strong growth, reaching $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.
Explore Comprehensive Insights Into The Global Ketones Market With A Detailed Sample Report:
Growth Driver Of The Ketones Market
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.
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Which Market Players Are Driving The Ketones Market Growth?
Key players in the market include 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.
What Are The Emerging Trends Shaping The Ketones Market Size ?
Major companies operating in the ketones market are developing new drinkable ketones to gain a competitive edge in the market. Drinkable ketones generally refer to beverages or supplements that contain exogenous ketones, which are ketones produced outside the body.
How Is The Global Ketones Market 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
Geographical Insights: Asia-Pacific Leading The Ketones Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Ketones Market Definition
Ketone refers to a class of organic compounds that has a carbonyl group, where a carbon atom is covalently bonded to oxygen atoms and the remaining two bonds have hydrocarbon radicals. It is found in various sugars and medical compounds such as natural and synthetic steroid hormones.
Ketones Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global ketones market report covering trends, opportunities, strategies, and more
The Ketones Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on ketones market size, ketones market drivers and trends and ketones market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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The Business Research Company
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