Report : Asia Pacific Ketones Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Solid and Liquid), and Application (Food and Beverage, Dietary Supplements, Personal Care and Cosmetics, and Others)
Dietary Supplements Segment is Expected to be the Fastest Growing During the Forecast Period for APAC Region
According to a new market research study on “APAC Ketones Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Form and Application” is expected to reach US$ 3,425.46 million by 2028 from US$ 2,139.66 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The report provides trends prevailing in the APAC ketones market along with the drivers and restraints pertaining to the market growth. New product launches is the major factor driving the growth of the APAC ketones market. However, issues associated with the lack of awareness and low adoption of ketone supplements hinder the growth of APAC ketones market.
The APAC ketones market is segmented into form, application and country. Based on form, the ketones market is segmented into solid and liquid. The liquid segment dominated the market in 2020 and solid segment is expected to be the fastest growing during the forecast period. Based on application, the APAC ketones market is segmented into food and beverage, dietary supplements, personal care and cosmetics, and others. The others segment dominated the market in 2020 and dietary supplements segment is expected to be the fastest growing during the forecast period. Based on country, the ketones market is classified into Australia, China, India, Japan, South Korea, and Rest of APAC.
The outbreak of COVID-19 is wreaking havoc on the economic growth of Asia-Pacific. The severity of the consequences and impact is entirely dependent on the transmission of the novel coronavirus. Various governments in Asia Pacific are considering taking actions to limit the spread by imposing lockdowns, which is slowing down the operations of various industries in the region. This factor is anticipated to severely impact the growth of regional market. However, with increasing recovery rates, governments are easing out restrictions imposed on various industrial operations which is expected to create a positive impact for the growth of ketones market across the region.
Eastman Chemical Company; Health Sources Nutrition CO., LTD.; Hunan NutraMax Inc.; Orchid Chemical Supplies Ltd; Royal Dutch Shell plc.; SABIC; and Taj Pharmaceuticals Chemicals are among the leading companies in the APAC ketones market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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