Report : North America 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)
Others Segment to Dominate North America Ketones Market during 2021–2028
According to a new market research study on “North America Ketones Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Form and Application” is expected to reach US$ 1,620.81 million by 2028 from US$ 1,051.44 million in 2021. The market is estimated to grow at a CAGR of 6.4% from 2021 to 2028. The report provides trends prevailing in the North America ketones market along with the drivers and restraints pertaining to the market growth. Soaring demand from various end use industries is the major factor driving the growth of the North America ketones market. However, issues associated with the lack of awareness and low adoption of ketone supplements hinder the growth of North America ketones market.
The North America 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 North America 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 US, Canada, and Mexico.
The US recorded the highest number of COVID-19 confirmed cases than Mexico and Canada. The crisis adversely affected the food & beverage industry in the region due to restricted supply chain. In addition, the overall disruptions in manufacturing process, supply chain disintegration, shortage of raw materials, and other factors has severely impacted the operations of various industries across the region leading to lowering in demand for ketone. However, remarkable success of vaccination drives across the region and recommencement of businesses is projected to have positive impact on business activities and economic growth which is projected to favor the growth of ketones market in North America over the forecast period.
Advanced Biotech; Aurochemicals; Compound Solutions Inc.; Eastman Chemical Company; Hunan NutraMax Inc.; Orchid Chemical Supplies Ltd; Royal Dutch Shell plc.; SABIC; and Taj Pharmaceuticals Chemicals are among the leading companies in the North America 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
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com