Europe 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)
Market Introduction
The ketones market in Europe is further segmented into Germany, France, the UK, Italy, and the Rest of Europe. Europe is one of the regions accounting for the largest production and consumption of ketones. The changing lifestyle of the populace is likely to have a positive impact on the demand for ketones. Working population in the region is striving to fulfill the regular nutrient requirements due to their changing lifestyles and busy work schedules. This is creating demand for dietary supplements that constitute ketones, ketone esters, beta-hydroxybutyrate, etc. Ketones also find applications in dietary supplements, which help meet nutritional requirements of individuals without causing any major changes in their regular diet. The growing application of ketones in the food & beverage industry, and elevating prevalence of overweight conditions and obesity among youth, millennials, and working-class people is fueling the ketones market growth in Europe. Obesity may lead to several chronic diseases, such as diabetes, cardiovascular diseases, and high blood pressure, among people. Ketogenic diet has become an effective weight management method in the recent years. Further, the strong domestic presence of international manufacturers such as Taj Pharmaceuticals Chemicals, Orchid Chemical Supplies Ltd, Hunan Nutramax Inc., coupled with a surge in investments by these major market players in the expansion of their production capacities, is contributing to the ketones market growth in Europe. Rising popularity of ketone supplements is the major factor driving the growth of the Europe ketones market.
In Europe, France and Italy recorded the highest number of COVID-19 cases. Moreover, Russia, the UK, and Germany are amongst the worst hit countries and are expected to suffer an economic hit due to the lack of revenue from various industries. European countries have implemented drastic measures and travel restrictions, including partially closing their borders. Extended lockdowns created trade barriers and restricted the operations of various industries in the region. These factors potentially restricted the growth of ketones market. However, with the European countries getting vaccinated, recommencement of business operations this impact is expected to ease out in the coming years leading to growth of ketones market across the region.
Market Overview and Dynamics
The ketones market in Europe is expected to grow from US$ 934.78 million in 2021 to US$ 1,407.51 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028. Bio-ketones are made from bio-based ingredients and have significant physiological effects; as a result, they are eco-friendly. In the paints and coatings industry, bio-ketones are generally employed as solvents. Bio-ketones can also be used in hydraulic fluids. Furthermore, bio-ketone solvents, like bio-acetone, do not produce harmful by-products or volatile organic compounds (VOC). Bio-ketones have gained popularity in recent years owing to their properties such as high boiling point, low toxicity, and low miscibility. They are being used in cosmetic and personal care products. They also act as preservatives. Rising inclination toward eco-friendly products is driving the popularity of bio-ketones. Moreover, bio-based ketones are expected to witness exponential surge in demand in the creation of novel green solutions owing to various initiatives and regulations by governments across the region, and concerns about natural resource depletion and environmental preservation needs. This factor is expected to boost the adoption of bio-ketones over conventionally sourced ketones. Thus, the emerging trend of using bio-ketones in end-user industries such as automotive, paints and coatings, and cosmetics and personal care will potentially fuel the ketone market growth in the coming years.
Key Market Segments
The Europe 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 Europe 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on ketones market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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 others.
Reasons to buy report
- To understand the Europe ketones market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe ketones market
- Efficiently plan M&A and partnership deals in Europe ketones market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe ketones market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Ketones Market Segmentation
Europe Ketones Market –By Form
- Solid
- Liquid
Europe Ketones Market –By Application
- Food and Beverages
- Dietary Supplements
- Personal Care & Cosmetics
- Others
Europe Ketones Market -By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Ketones Market -Company Profiles
- Eastman Chemical Company
- Health Sources Nutrition CO., LTD.
- Hunan NutraMax Inc.
- Orchid Chemical Supplies Ltd
- Royal Dutch Shell plc.
- SABIC
- Taj Pharmaceuticals Chemicals
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Ketones Market, by Form
1.3.2 Europe Ketones Market, by Application
1.3.3 Europe Ketones Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Limitations & Assumptions:
4. Europe Ketones Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Europe Ketones Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Demand from Various Industries
5.1.2 Rising Popularity of Ketogenic Supplements
5.2 Market Restraint
5.2.1 Dearth of Awareness and Low Adoption of Ketogenic Supplements
5.3 Market Opportunities
5.3.1 New Product Launches
5.4 Future Trends
5.4.1 Rising Adoption of Bio Ketones over Conventional Ketones
5.5 Impact Analysis of Drivers and Restraint
6. Ketones Market – Europe Analysis
6.1 Europe Ketones Market Overview
6.2 Ketones Market –Revenue and Forecast to 2028 (US$ Mn)
7. Europe Ketones Market Analysis – By Form
7.1 Overview
7.2 Ketones Market, By Form (2020 and 2028)
7.3 Solid
7.3.1 Overview
7.3.2 Solid: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)
8. Europe Ketones Market Analysis – By Application
8.1 Overview
8.2 Ketones Market, By Application (2020 and 2028)
8.3 Food and Beverage
8.3.1 Overview
8.3.2 Food and Beverage: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Dietary Supplements
8.4.1 Overview
8.4.2 Dietary Supplements: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Personal Care and Cosmetics
8.5.1 Overview
8.5.2 Personal Care and Cosmetics: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)
9. Europe Ketones Market – Country Analysis
9.1 Overview
9.1.1 Europe: Ketones Market, by Key Country
9.1.1.1 Germany: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)
9.1.1.1.1 Germany: Ketones Market, by Form
9.1.1.1.2 Germany: Ketones Market, by Application
9.1.1.2 France: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)
9.1.1.2.1 France: Ketones Market, by Form
9.1.1.2.2 France: Ketones Market, by Application
9.1.1.3 UK: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)
9.1.1.3.1 UK: Ketones Market, by Form
9.1.1.3.2 UK: Ketones Market, by Application
9.1.1.4 Italy: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)
9.1.1.4.1 Italy: Ketones Market, by Form
9.1.1.4.2 Italy: Ketones Market, by Application
9.1.1.5 Russia: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)
9.1.1.5.1 Russia: Ketones Market, by Form
9.1.1.5.2 Russia: Ketones Market, by Application
9.1.1.6 Rest of Europe: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)
9.1.1.6.1 Rest of Europe: Ketones Market, by Form
9.1.1.6.2 Rest of Europe: Ketones Market, by Application
10. Impact of COVID-19 Pandemic on Europe Ketones Market
10.1 Overview
11. Company Profiles
11.1 Taj Pharmaceuticals Chemicals
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Orchid Chemical Supplies Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Hunan NutraMax Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Health Sources Nutrition CO., LTD.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Eastman Chemical Company
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Royal Dutch Shell plc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 SABIC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Europe Ketones Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. Germany Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)
Table 3. Germany Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)
Table 4. France Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)
Table 5. France Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)
Table 6. UK Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)
Table 7. UK Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)
Table 8. Italy Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)
Table 9. Italy Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)
Table 10. Russia Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)
Table 11. Russia Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)
Table 12. Rest of Europe Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)
Table 13. Rest of Europe Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)
Table 14. Glossary of Terms, Europe Ketones Market
LIST OF FIGURES
Figure 1. Europe Ketones Market Segmentation
Figure 2. Europe Ketones Market Segmentation – By Country
Figure 3. Europe Ketones Market Overview
Figure 4. Liquid Segment Held the Largest Share of the Europe Ketones Market
Figure 5. Germany Held Largest Share of Europe Ketones Market
Figure 6. Porter ‘s Five Forces Analysis for Ketones Market
Figure 7. Expert Opinion
Figure 8. Ketones Market – Ecosystem Analysis
Figure 9. Europe Ketones Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Europe Ketones Market Revenue Share, By Form (2020 and 2028)
Figure 12. Europe Solid: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Europe Liquid: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Europe Ketones Market Revenue Share, By Application (2020 and 2028)
Figure 15. Europe Food and Beverage: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Europe Dietary Supplements: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Europe Personal Care and Cosmetics: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Europe Others: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Europe: Ketones Market, by Key Country-Revenue 2020 (US$ Million)
Figure 20. Europe: Ketones Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. Germany: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 22. France: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 23. UK: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Italy: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Russia: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Rest of Europe: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Impact of COVID-19 Pandemic in Europe Country Markets
- Eastman Chemical Company
- Health Sources Nutrition CO., LTD.
- Hunan NutraMax Inc.
- Orchid Chemical Supplies Ltd
- Royal Dutch Shell plc.
- SABIC
- Taj Pharmaceuticals Chemicals
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