Bread Improvers Market Forecast

 According to MarketsandMarkets, the bread improvers market is estimated to be valued at USD 3.3 billion in 2019 and is projected to reach USD 4.7 billion by 2025, recording a CAGR of 5.7% in terms of value. In terms of volume, the market is estimated to be valued at 536.1 KT in 2019 and is projected to grow at a CAGR of 4.4% during the forecast period to reach 695.1 KT. Due to the busy lifestyles of people, there is an increased consumption of convenience food products globally, which is expected to boost the consumption of bread and bread products, thereby fueling the market for bread improvers.

Bread is a staple food in many of the European countries; it is also a common food in a majority of the countries in North America and Asia Pacific. Therefore, there is a huge demand for bread and bread products globally. In addition, owing to the increasing demand for pizzas, doughnuts, and pies, manufacturers are coming up with innovative products, which is estimated to drive the market for bread improvers for better texture and appearance.

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By ingredient, the emulsifiers segment is projected to account for the largest share in the market during the forecast period

The emulsifiers segment, by ingredient, is projected to dominate the market during the forecast period. Emulsifiers are used in the manufacturing of bakery products to reduce the fat content in baked goods. Some of the emulsifiers used in the production of bread improvers are DATEM, diglycerides, lecithin, and monoglycerides. Emulsifiers are easily available at lower costs. Also, emulsifiers, such as lecithin, are being used for the manufacturing of clean-label products, which substantiates the increased dominance of the emulsifiers segment.

By application, the bread segment accounted for the largest market size in the bread improvers market during the forecast period

The demand for bread improvers is increasing significantly due to the rising demand for different forms of bread. Bread is a prominent food globally, and in many regions, its market has matured. Manufacturers are coming up with fortified and flavored breads for these matured markets. In addition, emerging regions such as Asia Pacific are witnessing a rise in demand for on-the-go breakfast products, which is also driving the market of bread. This is ultimately contributing to the growth of the market.

As a result of the increasing health awareness, there is a rise in demand for organic bread products, mainly in the European and North American regions. Also, stringent government regulations on the use of chemical additives in the bread products are fueling the market for organic or whole wheat breads. Furthermore, the ban on the use of certain chemicals, such as industrial fatty acids and bromide, in bread applications, is increasing the usage of organic bread improvers in the market. Enzymes, on the other hand, are not detected in during quality tests. Therefore, the product manufactured using enzymes is considered a ‘clean-label’ product. Thus, manufacturers of bread improvers are looking at enzymes as a growth perspective.

In terms of ingredient, emulsifiers have shown significant growth in the market due to its clean-label property. Various ingredient manufacturers are moving their businesses toward the manufacturing of various enzymes useful in bread and bread products. Enzymes act as a catalyst in the process, and, therefore, the production time for bread is reduced, which increases the efficiency of the process. Enzymes are cost-effective and carry out process optimization and expedite the production process. Along with this, they also act as fermentation enhancers and anti-staling agents. Lipase, protease, amylases, cellulose, and xylanase are some of the enzymes used in the baking industry for producing bread products.

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Asia Pacific is projected to witness the fastest growth in the global bread improvers market during the forecast period, owing to rapid urbanization and the increasing demand for convenience food products. There is a growing demand for bread and rolls in this region due to the westernization of food habits, which is likely to surpass the market in developed regions, such as Europe and North America. There is increasing consumption of on-the-go and ready-to-eat breakfast meals as a result of urbanization, hectic lifestyles, and high disposable income. This trend is expected to fuel the growth of bread improvers in the region, as the increasing amount of bread and bread products are expected to be consumed. This region also offers scope for product innovation in the bakery industry, as consumers have varied tastes and preferences and look for a variety in rolls and breads. This has offered manufacturers the scope of innovation to expand their product portfolios. Such market potential is anticipated to impact the bread improvers market during the forecast period positively.

Top Driving Factors of Feed Processing Market

 The report "Feed Processing Market by Type (Cleaning & Sorting, Grinding, Mixing, Conditioning & Expanding, Dosing & Batching, Pelleting, Extrusion), Mode of Operation, Livestock, Form of Feed, and Region - Global Forecast to 2023", The feed processing market is estimated at USD 21.61 Billion in 2018 and is projected to reach USD 26.62 Billion by 2023, growing at a CAGR of 4.3% during the forecast period. The market is driven by factors such as the rising awareness of feed nutrition and health, technological advancements in the equipment industry, customized services, and increase in the demand for feed around the world.

Based on type, the testing & analysis segment is projected to grow at the highest CAGR from 2018 to 2023. The need to understand the composition of feed was driven by the demand for balanced feed and improved additives from the stakeholders in the feed industry. Several advanced rapid analytical methods and technologies have been developed to conduct a wide range of tests and analyses of animal feed, which include pathogen testing, fat & oil analysis, mycotoxin analysis, nutritional labeling, and pesticide testing.

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The pellets segment, by form of feed, accounted for the largest share of the global feed processing market in 2017. Pelleting is subsegmented into pellet mills, pellet crumblers, and others (block presses and feeders). Pellet feed is made from the mash, which is heated and compressed into a pellet, whereas crumbles are mostly made from whole pellets, which are cracked or rolled into a smaller size.

One of the major restraining factors for the growth of the feed processing market is market consolidation. For instance, in December 2017, Pavan Group was acquired by GEA Group AG (Germany) in Italy. This acquisition enabled GEA in extending its technological portfolio by adopting extrusion and milling technologies for processed food and feed products.

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Companies such as Andritz (Austria), Buhler (Switzerland), Pavan (Italy), Clextral (France), and Muyang (China) collectively account for a share of more than half of the feed processing market. These companies have a strong presence in Europe and the Rest of the world (RoW). They also have manufacturing facilities across these regions and a strong distribution network.

Vitamins Market : Opportunities And Challenges

 The report “Vitamins Market by Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, and Vitamin K), Application (Healthcare Products, Food & Beverages, Feed, and Personal Care Products), Source (Synthetic and Natural), and Region – Global Forecast to 2023″, The vitamins market is estimated to be valued at USD 5.18 billion in 2018 and is projected to reach USD 7.35 billion by 2023, at a CAGR of 7.3%. The market is driven by the growth in demand for functional and nutritionally enriched processed food products, the prevalence of vitamin deficiencies, and feed fortification due to a rise in global meat & dairy product consumption.

The synthetic segment is set to dominate the market by 2023.

The vitamins market, by source, is projected to be dominated by the synthetic segment, which is projected to grow at the higher rate during the forecast period. Synthetic vitamins are chemically synthesized and produced largely from coal tar derivatives and petroleum extracts. They are widely preferred by end-user industries because of their ability to remain stable for a longer period of time and also because of the low costs associated with them in comparison with naturally sourced vitamins.

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Asia Pacific is projected to be the fastest-growing market during the forecast period.

The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. The incidences of regular and chronic diseases in this region are high. This has led to an increased focus on preventive health care, which has resulted in high consumption of healthcare products and fortified & functional food products with essential nutrients such as vitamins. Also, the market for vitamins in Asia Pacific is experiencing high growth due to its growing application in the feed industry, as the region accounts for the largest livestock population and caters to significant demands of livestock-based products such as milk, egg, and meat.

The Vitamin C segment is projected to be the fastest-growing segment during the forecast period.

The vitamin C segment, by type, is projected to be the fastest-growing segment. The increasing focus of consumers on health and wellbeing, along with multiple benefits provided by vitamin C such as faster healing of wounds and maintenance of skin, eye health, and immune system provides an opportunity to this segment for increased growth.

This report includes a study of marketing and development strategies, along with a study of the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Koninklijke DSM N.V. (Netherlands), Glanbia plc (Ireland), ADM (US), BASF (Germany), Lonza Group (Switzerland), Vitablend Nederland B.V. (Netherlands), SternVitamin GmbH & Co. KG (Germany), Farbest-Tallman Foods Corporation (US), Watson Inc. (US), Zagro (Singapore), The Wright Group (US), Rabar Pty Ltd. (Australia), Adisseo (France), Showa Denko K.K. (Japan), and BTSA BIOTECNOLOGíAS APLICADAS S.L (Spain).

Upcoming Growth Trends in the Pea Protein Market

 The report “Pea Protein Market by Type (Isolate, Concentrate, and Textured), Form (Dry and Wet), Source (Yellow Split Pea, Lentils and ChickPea), Application, and Region (North America, Europe, APAC, South America and ROW ) – Global Forecast to 2027“, The market for Pea Protein is estimated at USD 1.7 billion in 2022; it is projected to grow at a CAGR of 11.9% to reach USD 2.9 billion by 2027.

North America accounted for the largest share; during the forecast period, in terms of volume and value, respectively. Increasing population adopting vegan lifestyle and rising awareness about nutritional factor and functionality of Pea Proteins are expected to provide more scope for market expansion.

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Growth of population following vegan lifestyle, popularity of plant-based foods and gluten-free products, high demand of healthier functional and sustainable food options and nutritional benefits of pea-based products are key factors that are projected to drive the growth of the Pea Protein market during the forecast period.

The Pea Proteins market consists of a few globally established players such as Rouquette Freres (France), DuPont (US), Glanbia PLC (Ireland), Kerry (Ireland), Ingredion (US), Puris (US), Emsland Group (Germany), Yantai Shuangta Foods Co., Ltd (China), The Scoular Company (US), Burcon (Canada), Shandong Jianyuan Group (China), ET-Chem (China), AGT Food and Ingredients (Canada), The Green Labs LLC. (US), and Axiom Foods, Inc. (US) . Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments

North America is projected to be the largest market.

North America accounted for the largest share; during the forecast period, in terms of volume and value, respectively. The increasing vegan population, increasing demand for health & wellness products, increasing awareness about sustainable lifestyle and increasing consumption of processed meat products are the key drivers of the global pea protein market.

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Insect Protein Market : Opportunities And Challenge

 The insect protein market is estimated to be valued at USD 144 million in 2019 and is projected to reach USD 1,336 million by 2025, recording a CAGR of 45.0% during the forecast period. The increasing need for protein as nutrition and increasing investments in research & development are some of the factors driving the growth of the insect protein market.

Insect protein is a high-quality protein that is extracted from various types of insects and used in various application such as food, feed, and pharmaceuticals & cosmetics. The nutritional benefits of insect protein, in comparison with animal-based and plant-based protein, is responsible for the wide adoption of insect protein in the North American and European markets. An evidence to this assertion would be the use of crickets in food application due to their high protein, and the experimentation around the application of varied insects or major feed application. Moreover, the declining production of fishmeal, its fluctuating prices, and the pressure on food security have led to an increasing need for a protein substitute, which is fulfilled by these insects. These factors are projected to drive market growth during the forecast period.

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Insect protein has gained traction from various firms in the past five years. Multiple capital investors have been willing to invest in emerging insect protein manufacturers. This is due to the rising awareness about the benefits of insect protein and also the necessity to develop alternative sources of protein to meet the rising global demand. Companies such as Cargill (US) and PepsiCo (US) are directing their investment toward this market, which has raised the credibility of insect protein products. In 2019, Cargill (US) and InnovaFeed (France) entered into a strategic partnership to bring sustainable and innovative feed options to the animal nutrition industry. Through the partnership, Cargill (US) and InnovaFeed (France) would collaborate to market fish feed jointly, which includes insect protein. The partnership would also enable both the partners to support the growth of sustainable aquaculture. Established companies have also been investing in start-ups to provide them monetary support for research & development, expansion of their production facilities, and marketing strategies related to brand awareness. In 2017, PepsiCo (US) entered the insect protein market through an investment in a start-up company called Jimini’s (UK), a producer of insect-based food products in Europe.

Government initiatives and support encourage companies to invest in insect farming or insect protein-based products and encourage people to include insects in their diets. For instance, in July 2015, the USDA funded a project that focused on insect farming for human food, concentrating on improving the efficiency and lowering costs in farming crickets. The project was led by a Georgia-based company, All Things Bugs LLC, which studied methods to increase automation in raising crickets. The project particularly focused on harvesting, watering, and feed formulations, with end goals to enhance cricket growth while lowering the cost of raising them, which, in turn, can decrease the price of cricket powder. In June 2017, Protix, a Netherlands-based company, raised USD 50.5 million in equity and debt funding in which the major investors were Brabant Development Agency (BOM), Rabobank, and Aqua-Spark, along with other private investors who had participated in the investment.

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In response, as general awareness and concern for the loss of tropical forest ecosystems and biodiversity, the government of Papua New Guinea deemed insects a national resource and a candidate for economic development. This policy resulted in the establishment of the Insect Farming and Trading Agency (IFTA) in 1978, which focused on creating income-producing opportunities for villages through non-destructive extraction of forest resources while at the same time creating an incentive for preservation. Thus, with proper regulations and government support, the number of insect farms and protein ingredient manufacturers focusing on insect protein-based food and feed is projected to increase during the forecast period.

Bread Improvers Market to Showcase Continued Growth in the Coming Years

 According to MarketsandMarkets, the bread improvers market is estimated to be valued at USD 3.3 billion in 2019 and is projected to reach USD 4.7 billion by 2025, recording a CAGR of 5.7% in terms of value. In terms of volume, the market is estimated to be valued at 536.1 KT in 2019 and is projected to grow at a CAGR of 4.4% during the forecast period to reach 695.1 KT. Due to the busy lifestyles of people, there is an increased consumption of convenience food products globally, which is expected to boost the consumption of bread and bread products, thereby fueling the market for bread improvers.

Bread is a staple food in many of the European countries; it is also a common food in a majority of the countries in North America and Asia Pacific. Therefore, there is a huge demand for bread and bread products globally. In addition, owing to the increasing demand for pizzas, doughnuts, and pies, manufacturers are coming up with innovative products, which is estimated to drive the market for bread improvers for better texture and appearance.

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By ingredient, the emulsifiers segment is projected to account for the largest share in the market during the forecast period

The emulsifiers segment, by ingredient, is projected to dominate the market during the forecast period. Emulsifiers are used in the manufacturing of bakery products to reduce the fat content in baked goods. Some of the emulsifiers used in the production of bread improvers are DATEM, diglycerides, lecithin, and monoglycerides. Emulsifiers are easily available at lower costs. Also, emulsifiers, such as lecithin, are being used for the manufacturing of clean-label products, which substantiates the increased dominance of the emulsifiers segment.

By application, the bread segment accounted for the largest market size in the bread improvers market during the forecast period

The demand for bread improvers is increasing significantly due to the rising demand for different forms of bread. Bread is a prominent food globally, and in many regions, its market has matured. Manufacturers are coming up with fortified and flavored breads for these matured markets. In addition, emerging regions such as Asia Pacific are witnessing a rise in demand for on-the-go breakfast products, which is also driving the market of bread. This is ultimately contributing to the growth of the market.

As a result of the increasing health awareness, there is a rise in demand for organic bread products, mainly in the European and North American regions. Also, stringent government regulations on the use of chemical additives in the bread products are fueling the market for organic or whole wheat breads. Furthermore, the ban on the use of certain chemicals, such as industrial fatty acids and bromide, in bread applications, is increasing the usage of organic bread improvers in the market. Enzymes, on the other hand, are not detected in during quality tests. Therefore, the product manufactured using enzymes is considered a ‘clean-label’ product. Thus, manufacturers of bread improvers are looking at enzymes as a growth perspective.

In terms of ingredient, emulsifiers have shown significant growth in the market due to its clean-label property. Various ingredient manufacturers are moving their businesses toward the manufacturing of various enzymes useful in bread and bread products. Enzymes act as a catalyst in the process, and, therefore, the production time for bread is reduced, which increases the efficiency of the process. Enzymes are cost-effective and carry out process optimization and expedite the production process. Along with this, they also act as fermentation enhancers and anti-staling agents. Lipase, protease, amylases, cellulose, and xylanase are some of the enzymes used in the baking industry for producing bread products.

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Asia Pacific is projected to witness the fastest growth in the global bread improvers market during the forecast period, owing to rapid urbanization and the increasing demand for convenience food products. There is a growing demand for bread and rolls in this region due to the westernization of food habits, which is likely to surpass the market in developed regions, such as Europe and North America. There is increasing consumption of on-the-go and ready-to-eat breakfast meals as a result of urbanization, hectic lifestyles, and high disposable income. This trend is expected to fuel the growth of bread improvers in the region, as the increasing amount of bread and bread products are expected to be consumed. This region also offers scope for product innovation in the bakery industry, as consumers have varied tastes and preferences and look for a variety in rolls and breads. This has offered manufacturers the scope of innovation to expand their product portfolios. Such market potential is anticipated to impact the bread improvers market during the forecast period positively.

Savory Ingredients Market : Competitive Landscape, Regional Outlook, and Driving Factors

 The savory ingredients market is estimated to be valued at USD 7.2 billion in 2020 and is projected to reach USD 9.3 billion by 2025, recording a CAGR of 5.2% during the forecast period. The increasing demand for processed and convenience food with blends of savory flavors drives the market growth for savory ingredients.

Key players in this market include Ajinomoto Co., Inc. (Japan), Koninklijke DSM N.V. (Netherlands), Kerry Group PLC (Ireland), Tate & Lyle PLC (UK), AngelYeast Co., Ltd. (China), Givaudan (Switzerland), Lesaffre Group (France), ADM (US), Symrise (Germany), Synergy Flavors (US), Cargill (US), Sensient Technologies Corporation (US), ABF Ingredients (OHLY) (Germany), Vinayak Ingredients India Pvt Ltd. (India), Vedan International (Holdings) Limited (Hong Kong), The Fufeng Group (China), Meihua Holdings Group Co., Ltd. (China), Halcyon Proteins (Australia), Food Chem International (China), and Novozymes (Denmark).

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Ajinomoto Co., Inc. (Japan) is a key supplier, offering food products with savory flavors. Its focus is on becoming a specialty savory ingredient company, by growing sustainably via incorporating new foundational platforms into its technologies. It pursues competitive superiority by creating new demand and developing high-value-added and customized products based on client requirements.

In 2019, the company entered into an agreement with More Than Gourmet (US) for enhancing its integrated food solutions business in the North American market. This agreement would help Ajinomoto Co., Inc. to strengthen its geographic reach and customer base in North America.

Kerry Group PLC (Ireland) is a public registered company headquartered in Ireland and one of the leading developers, manufacturers, and distributors of savory ingredients. The company works in collaboration with brands, retailers, and packaging manufacturers to design circular economy solutions to maintain its market position.

In March 2020, the company set up a new regional development and food manufacturing facility in Georgia, Rome. This new establishment would help the company to serve its customer base in Europe, increase its production capacity, and expand its geographic reach.

Blood Meal Market to See Major Growth by 2025

 The report “Blood Meal Market by Source (Poultry, Porcine, and Ruminant), Application (Poultry Feed, Porcine Feed, Ruminant Feed, and Aquafeed), Process (Solar Drying, Drum Drying, Ring & Flash Drying, and Spray Drying), and Region – Global Forecast to 2025″, The market for blood meal is estimated to be valued at USD 1.8 billion in 2019 and is projected to grow at a CAGR of 3.0% from 2019 to 2025, to reach USD 2.1 billion by 2025. The growing feed industry is one of the major factors driving the growth of the blood meal market, as feed plays a major role in the global food industry. The increasing use of blood meal ensures safe and nutritious feed for animals.

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By source, the poultry blood segment is projected to dominate the blood meal market during the forecast period.

The poultry blood segment is estimated to account for the largest share in the blood meal market in 2019. Poultry blood is the most preferred raw material, which is used to produce blood meal due to its high amino acid content, particularly Lysine. Majority of the key players such as Boyer Valley (US), Valley Proteins Inc. (US), TerraMar Ingredients LLC (Chile), and FASA Group (Brazil) offer blood meal products that are made up of poultry blood meal.

By application, the poultry blood segment is projected to dominate the blood meal market during the forecast period.

The blood meal market, on the basis of application, is subsegmented into porcine feed, poultry feed, ruminant feed, and aqua feed. The demand for poultry products remains high in emerging countries of the Asia Pacific, resulting in the slaughter of animals. Thus, a large amount of blood is released from animals, creating opportunities for blood meal manufacturers. In addition, the rise in the consumption of poultry products in this region due to the increased demand for protein-rich foods is projected to drive the blood meal market in the coming years.

The expansion of the feed industry due to the rise in population is projected to drive the blood meal market in Asia Pacific

The Asia Pacific blood meal market is driven by the increase in disposable incomes, rise in urbanization, and expansion of the feed industry. The Asia Pacific region witnesses the presence of major revenue generating countries such as China and Vietnam. These countries witness high consumption of meat products such as pork and are ranked among the largest producers of feed at a global level. These factors are projected to drive the blood mal market in the coming years in the region.

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Key Market Players

Key players identified in this market include Darling Ingredients Inc (US), Terramar (Chile), Valley proteins Inc. (US), West Coast Reduction Ltd. (US), and Allana Group (India). These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Probiotics Market : Competitive Landscape, Regional Outlook, and Driving Factors

 The global probiotics market is estimated to be valued at USD 61.1 billion in 2021 and is projected to reach USD 91.1 billion by 2026, at a CAGR of 8.3% during the forecast period. The increase in the consumption of functional foods such as yogurt especially in developing economies like  Asia Pacific and awareness of health has resulted in the growth of probiotics market. The ban on the use of antibiotics particularly in the European region is projected to create growth prospects for probiotics manufacturers in the coming years.

Probiotics are becoming one of the essential ingredients for various health and nutritional applications. Awareness regarding the benefits of ‘good bacteria’ has always been high in the European and Asia Pacific markets due to bacterially fermented milk products available in the regions. With the increase in diseases such as obesity, high blood pressure, and osteoporosis, consumers tend to maintain a healthy diet with the increased consumption of fortified foods, beverages, and dietary supplements.

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The human probiotics segment by end user is projected to account for the largest market of the probiotics market.

The rising trend of consuming functional foods due to the growing preferences for health-benefiting products is projected to drive the market for probiotics in the human segment. Popular sources of probiotics include yogurt, beverages such as fermented milk & juices, and probiotic supplements. The developing economies in Asia Pacific such as China, India, and South Korea are largely shifting toward urbanization, and in the coming years, the demand for convenience food products is witnessed to grow explicitly. These factors accounts for the large market share across the globe.

Asia Pacific is projected to be the fastest growing market.

The Asia Pacific region presents immense opportunities for animal probiotic products as governments are becoming increasingly concerned about the health and productivity of farm animals. Health deterioration in animals due to the use of AGPs has also encouraged livestock owners to use probiotic-based feed. The application of probiotics is expected to increase at a fast pace in Asia Pacific due to the rise in consumer demand.

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Key Market Players 

The key players in this market include Probi AB (Sweden), Nestlé (Switzerland), ADM (US), Danone (France), DuPont (US), Yakult Honsha (Japan), Kerry Group (Ireland), Chr. Hansen (Denmark), and BioGaia (Sweden).

Opportunities for New Market Entrants in Ketones Market

 The ketone market size is estimated to be valued at USD 443 million in 2019 and is projected to be worth USD 640 million by 2025, recording a CAGR of 6.3% during the forecast period. The demand for supplements among consumers and sports athletes remain high to increase energy and tolerance for intense workouts. In addition, the changing lifestyles of consumers for being preventive and proactive for their health is a major factor that is projected to drive the growth of the global ketone market over the next few years. Due to the increasing trend among the younger population and sports enthusiasts of consuming caffeine-containing products or energy drinks that increase energy levels and improve the performance, the ketones market is projected to record significant growth during the forecast period. In addition, due to the rise in health awareness among consumers pertaining to the ill effects of caffeine on the body, ketone-based food & beverage products are projected to witness high demand in the market.

The increasing demand for ketones in North America is projected to drive the growth of the ketone market.

The US remains a major market in the North American region for ketones. The rise in the number of obesity cases in the North American region is attributed to the increase in the popularity of ketone supplements and food & beverage alternatives for losing weight. These factors are further projected to drive the growth of the ketone market. In addition, eateries and restaurants in the region are also providing ketone-based food and beverages options due to the high demand among consumers, which is projected to drive the growth of the ketones market.

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By application, the supplement segment is projected to dominate the ketone market during the forecast period.

Ketone supplement is the most common type of ketone. The increase in the use of ketone supplements among sportspersons and athletes is one of the major factors that is projected to drive the growth of the supplement segment. In addition, the increase in per capita income and the rise in the geriatric population have led the people to invest in the healthcare sector. Consumers are becoming more health-conscious and increasingly aware of the healthcare sector. These factors are projected to drive the growth of the ketones market during the forecast period.

By form, the solid segment is projected to dominate the ketone market during the forecast period.

The solid form of ketones is readily available for use and is convenient to carry as compared to the liquid or semi-liquid form. In addition, it has enhanced shelf life as compared to the liquid and semi-liquid forms. Many times, a blender is required to mix liquid ketone supplements. However, these blenders are not required in the case of solid ketones, which makes it easy to use. There are cases of gastrointestinal disorders while using the liquid ketones for the initial days but there is no such complication with solid form. Due to these factors, the solid form remains a more preferred alternative among consumers.

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The key players in this market include HVMN Inc. (US), Perfect Keto (US), KetoLogic (US), BPI Sports (US), and Pruvit Ventures, Inc (US). New product launches, expansions & investments, joint ventures, agreements, and partnerships were some of the core strengths of the leading players in the ketones market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other players in the ketones market include KetoneaAid Inc. (US), Compound Solutions, Inc (US), Sapien Body (US), Zhou Nutrition(US), Know Brainer Foods (US), Finaflex (US), Ion Labs (US), Keto and Company (US), Boli Naturals (US), Nutrex Research (US), Ancient Nutrition (US), Zenwise Health (US), Ketond Llc (US), Union Pharmpro Co Ltd (China), Volkem Chemical LLP (India), JustNutra (US), JW Nutritional Llc (US), Slimfast Keto (US), VMI Sports (US), and Evlution Nutrition (US).