According to Nova one advisor, The U.S Ketones market size was valued at US$ 2.02 billion in 2021 and is expected to hit US$ 6.21 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030.
According to Nova one advisor, The U.S Ketones market size was valued at US$ 2.02 billion in 2021 and is expected to hit US$ 6.21 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030.
Growth Factors:
This is attributed to the rising geriatric population in the country and the increasing per capita income of consumers. In addition, the benefits of ketone supplements in the treatment of type-2 diabetes are likely to have a positive impact on market growth. The wide application scope of the product in several other applications like cosmetics & personal care products and its eco-friendly nature are expected to fuel the market growth in the coming years. However, higher costs and availability of substitutes are likely to hamper market growth.
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The COVID-19 pandemic has impacted the global beauty industry severely. Thus, cosmetics companies responded by manufacturing hand sanitizers, cleaning agents, soaps, and other personal care products. Due to the anti-bacterial properties of acetone (a type of ketones), it can be potentially used in the formulation of surface sanitizers. Thus, the demand for the product is likely to increase over the predicted years.
According to the U.S. Department of Health & Human Services data, about 23% of residents in the U.S. or more than 54 million people have arthritis, of which about 60% are from the working class. This is likely to fuel the product demand in the pharmaceutical application segment. In addition, the product is also used by dermatologists in the country to treat skin acne.
Report Scope of the U.S Ketones Market
|
Report Coverage |
Details |
|
Market Size in 2021 |
USD 2.02 Billion |
|
Revenue Projection By 2030 |
USD 6.21 Billion |
|
Growth Rate |
CAGR of 7.2% from 2022 to 2030 |
|
Base Year |
2021 |
|
Historical data |
2017 - 2020 |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Application |
|
Companies Mentioned |
BASF SE; Ineos; KetoLogic; Perfect Keto; KetoneAid; Sapien Products LLC; Boli LLC; KetōndLLC; Zenwise; Limitless Venture Group, Inc. |
Application Insights
The pharmaceuticals application segment accounted for the largest revenue share of more than 26% in 2020. The segment will expand further at a steady growth rate retaining its leading position throughout the forecast period. This growth is attributed to the wide product usage as an excipient in the production of pain-relieving drugs, which are used to treat conditions, such as osteo& rheumatoid arthritis, ankylosing spondylitis, back pain, muscle pain, and toothache.
The food & beverage segment is anticipated to register the fastest CAGR of more than 5.5% over the forecast period. This can be attributed to the rising demand for nonalcoholic beverages and increasing consumption of frozen dairy products, such as cheese, butter, ice cream, and yogurt, in the U.S.
The liver breaks down fats into substances called ketones, which are the by-products of fat metabolism. Being on a diet puts the body on ketosis. Ketosis burns fats at a very high rate. Ketone supplements mimic the ketosis process, thereby reducing body fat. Thus, increasing cases of obesity in the country are anticipated to boost the demand for ketone supplements, thereby boosting the segment growth.
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Some of the prominent players in the U.S. Ketones market include:
- BASF SE
- Ineos
- KetoLogic
- Perfect Keto
- KetoneAid
- Sapien Products LLC
- Boli LLC
- KetōndLLC
- Zenwise
- Limitless Venture Group, Inc.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at U.S. for the period of 2017 to 2030
- By Application
- Cosmetics & Personal Care
- Food & Beverages
- Pharmaceuticals
- Adhesives
- Chemical Manufacturing
- Electroplating
- Others
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Key Questions Answered in U.S. Ketones Market Report
What will be the sales/revenue generated by U.S. Ketones across all regions during the forecast period?
What are the opportunities in the U.S. Ketones market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which regional market is set to expand at the fastest CAGR during the forecast period?
Which application is expected to generate the highest revenue U.S. in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
What is the market position of different companies operating in the U.S. market?
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