Ketones Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Dry v/s Liquid), By Type (Synthetic v/s Bio), By Supplement Type (Ketone Salts, Ketone Esters, Ketone Oil, Raspberry Ketones), By Application (Food & Beverage, Pharmaceuticals, Cosmetic & Personal Car

In 2020, “Keto” was one of the most frequently searched term on google, which shows the public awareness in people after coronavirus pandemic. As a result, there is 21% increase in sales of bars, cereals, baking mixes, cookies and snacks category containing Ketone.

Ketones are organic molecules with a carbonyl group that work as solvents, intermediates, and raw materials, which is used by manufacturers to produce various chemicals. The growing demand for ketones in several end-use applications, including solvents, paints and coatings, pharmaceuticals, food and beverage, and other industries, is the main driver of the worldwide ketone market, which is a subset of the wider chemical industry. Apart from these, favorable government policies by globally leading company are propelling the global ketone market share.

In 2019,

Rising Demand from Cosmetics & Personal Care industry is Propelling Market Growth

According to Market insights research analysis, it is expected that approx. 18% of global ketone market will be held by cosmetic & personal care products in 2028.

Growing Demand for Industrial Application is a Market Driving Factor

Ketones are used as intermediates in the production of other chemicals such as methyl isobutyl ketone (MIBK) and diacetone alcohol (DAA), which are used by various end user industries due to it being chemically stable with relatively low density and strong solvent power. Ketones are widely used as intermediates in the production of various chemicals, pharmaceuticals products, and other products. As intermediates, ketones are used to synthesize more complex molecules through chemical reactions. For example, acetone is a commonly used ketone intermediate that is used in the production of various chemicals, including methyl methacrylate (MMA), a precursor to polymethyl methacrylate (PMMA) plastics. Acetone is widely used as an intermediate compound in the production of isopropanol and different industrial chemicals for the production of coating, paints, and other products. 2-butanone, which is used as an intermediate in the production of various chemicals, including methyl isobutyl ketone (MIBK), which is used as a solvent in the production of paints, coatings, and resins is further expected to support the demand for ketones, thereby driving the growth of global ketones market. Ketones are also used as intermediates in the production of various pharmaceutical grade products such as acetophenone, which is an intermediate used in the production of the analgesic drug, phenacetin. The ability of ketones to undergo chemical reactions and form more complex molecules makes them an essential component for many industrial processes that led to increase in the demand of ketone from industries for manufacturing their product in the forecasted period.

Growing Demand from Pharmaceutical Market is Propelling the Market Share

Different researches in Europe on ketone medicine benefits showed its use in strengthening human immunity

Favorable Government Policies on Ketone is Driving the Demand

Governments around the world are aware about the usefulness of ketone for people as well as industries. Hence, they are introducing policies which can include regulations, incentives, and funding programs that promote safety and sustainability for ketone-based industries, such as providing tax incentives or other benefits to encourage innovation in the development of new ketone-based products and technologies. These incentives can help stimulate research and development in the field of ketones, leading to the development of more efficient and sustainable processes for producing and using ketones. Governments are providing funding for research into the applications and properties of ketones. This funding can support the development of new pharmaceuticals, cosmetics, and other products that use ketones, as well as research into the use of ketones in renewable energy and other sustainable applications.

In 2005, the U.S. Environmental Protection Agency (EPA) removed MEK from the list of toxic air pollutants and concluded that “potential exposures to MEK emitted from industrial processes may not reasonably be anticipated to cause human health or environmental problems which resulted to increase the demand of ketones in the United States of America.

Recent Developments

• In November 2022, Biotechnology company Genomatica developed &launched a renewable chemical, Avela (R)-1,3-butanediol, to induce exogenous ketosisin the body.
• In April 2020, best-selling crispy cheese mixtures will again beavailable, according to Keto Farms. The new goods will provide their clientswith a low-carb combination of crispy cheeses and nuts that will sate appetitesfor food while limiting calories.
• Keto and Co, maker of the popular Sated keto shake, launched aReady-To-Drink keto meal shake in December 2019.
• Gratitude Health Inc. will introduce the world's firstready-to-drink line of ketogenic meal-replacement shakes in January 2019, whichis an organization committed to promoting healthy nutrition through inventivefunctional drinks.

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Market Segmentation

Global Ketone Market

Company Profiles

Solvay Specialty Polymers, Eastman Chemicals Co., BASF SE, Celanese Corporation, AstaTech, Inc., Genomatica Inc., Falcon Worldwide Chemical Inc., Limitless Venture Group, Inc., ALTIVIA Ketones & Additives, LLC, Ketone Aid Inc., HVMN Inc, Perfect Keto are some of the key players of Global Ketone Market.