Dublin, Jan. 18, 2024 (GLOBE NEWSWIRE) -- The "North America Ketone Market, Competition, Forecast & Opportunities, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The North America Ketone Market is experiencing significant growth, having been valued at USD 269.71 million in 2022 and is projected to witness robust expansion with a 4.91% CAGR, anticipating a valuation of USD 363.28 million by 2028. The organic compounds known as ketones are gaining attention for their versatile applications across different sectors, including pharmaceuticals, cosmetics and personal care, food and beverages, and industrial usage.
Pharmaceutical Sector Drives Demand for Ketones
One of the key market drivers is the growing demand for ketones within the pharmaceutical industry. Prominent for their unique physiological properties, ketones are advancing as potential treatment avenues for various health conditions, notably neurological disorders. The pharmaceutical sector has been particularly interested in the neuroprotective properties of ketones, exploring their uses in managing diseases such as epilepsy, Alzheimer's, and Parkinson's. Additionally, the anti-inflammatory nature of ketones is being investigated for use in a spectrum of inflammatory diseases.
Cosmetic and Personal Care Industry Leverages Ketonic Benefits
Another sector that is increasingly incorporating ketones is the cosmetic and personal care industry. The moisturizing attributes and antioxidant properties of ketones make them suitable for products that aim to improve skin and hair health. The demand for natural and innovative ingredients has resulted in ketones being utilized in formulations for an array of personal care products. The clean beauty trend has particularly highlighted the use of ketones, demonstrating a consumer shift towards natural and efficacious ingredients.
Food & Beverage Sector Adopts Ketone-Infused Products
In the food and beverage industry, the spotlight on ketones has risen due to their energy-boosting properties and potential benefits for weight management. The industry is witnessing the introduction of ketone-enriched products, capturing the interest of health-conscious consumers. Furthermore, the demand for clean-label products is influencing the inclusion of naturally sourced ketones in the manufacturing process.
Challenges and Competition Landscape
Despite the growth, challenges such as the availability of cost-effective substitutes, technical difficulties during production, and concerns related to the toxicological effects of ketones in certain contexts, could pose barriers to the market expansion. However, the industry is countering these by focusing on safety measures and continuous research and development efforts. The comprehensive analysis of the North America Ketone Market offers insight into market trends, competitive landscapes, and forecasts for the future. It underscores the regional patterns with the United States expected to witness the fastest growth during the forecast period, highlighting industrial applications and the surge in demand for ketone-based medicinal products.
Report Segmentation
- North America Ketone Market by Form: Dry, Liquid
- North America Ketone Market by Type: Synthetic, Bio
- North America Ketone Market by Supplement Type: Ketone Salts, Ketone Esters, Ketone Oil, Raspberry Ketones
- Ketone Market by Application: Food & Beverage, Pharmaceuticals, Cosmetic & Personal Care Products, Building & Construction, Others
- North America Ketone Market by Country: United States, Mexico, Canada
Segmental Insights
With an increase in the use of ketones, the liquid segment is anticipated to register the highest growth. Similarly, bio-ketones, with their eco-friendly profile, are expected to surge in demand. Among supplement types, ketone esters show prominent growth prospects, while within applications, the pharmaceutical sector is leading with the highest growth potential. In conclusion, the North America Ketone Market is a dynamic and growth-oriented industry with multiple facets and applications, its trajectory determined by innovative uses, consumer preferences, and evolving market trends.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $269.71 Million |
| Forecasted Market Value (USD) by 2028 | $363.28 Million |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | North America |
A selection of companies mentioned in this report includes
- Eastman Chemicals Co.
- Celanese Corporation
- AstaTech, Inc.
- Genomatica Inc.
- Limitless Venture Group
- ALTIVIA Ketones & Additives, LLC
- HVMN Inc.
For more information about this report visit https://www.researchandmarkets.com/r/n4k47t
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