The Ketogenic Diet Market is estimated to be worth USD 15.78 Billion by 2030, achieving an annual growth rate of 5.65 percent – report from Market Research Future (MRFR) – GlobeNewswire
New York, US, May 25, 2022 (GLOBE NEWSWIRE) — Ketogenic Diet Market Overview:
According to the Comprehensive Research Report by Market Research Future (MRFR), “Ketogenic Diet Market Information by Type of Product and Distribution Channel and Region – Forecast to 2030” The market is projected to reach more than US$ 15.78 billion by time of 2030. The report also predicts that the market will grow with a healthy CAGR of more than 5.65 percent during the review period.
It is growing in recognition due to its weight loss potential as well as blood sugar control advantages. Based on preliminary studies the low-carb and high-fat diet can also aid in the treatment of Alzheimer’s disease, cancer as well as other ailments. But, more studies are needed to prove the ketogenic diet’s long-term effectiveness and security. Obesity can cause a variety of chronic issues, such as diabetes, cardiovascular disease in addition to high blood pressure. As a result, the ketogenic diet is now an effective way to shed weight. The rate of obesity has increased dramatically in recent years, resulting in the demand for a more effective diet for weight loss. In the near future the health-related concerns are expected to propel the demand for ketogenic diets. The ketogenic diet gained a lot of popularity in recent times because of its benefits for all people It is a diet rich in fats and is low in carbohydrates.
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The Report’s Scope
The Report’s Attribute
|2030 Market Size||USD 15.78 Billion|
|Forecast Units||Value (USD Billion)|
|Report Information and Coverage||Revenue Forecast and Competitive Landscape, Trends, and Growth Factors|
|Segments that are covered||Based on Product Type and Distribution Channel and By Region, Distribution Channel and Type of Product|
|Geographics covered||North America, Europe, Asia-Pacific along with the Rest of the World (RoW)|
|Key Market Factors||Increased awareness of fitness and health during the COVID 19 crisis|
|A Increasing Demand for Ready-to eat Shakes or food items|
Market Competitive Landscape:
The top companies that are in the ketogenic diet market include:
- Diet Darzee (India)
- Thrive Market (US)
- Keto and Company (US)
- Pruvit Ventures, Inc. (US)
- Nutricia (US)
- Lovegoodfats (UK)
- Absolutely perfect Keto (US)
- Keto Fridge (US)
- Nestle (Switzerland)
- Ample Diets (US)
Market UsP covered by:
The low-fat, high-fat beverages are designed to give you lasting energy and boost ketosis’s metabolic rate which helps the body use fat to burn more efficiently. This factor is driving the ketogenic beverage market as well as that of ketogenic foods. Different factors affect the global market for ketogenic diets. The growing prevalence of unhealthy living in cities and a higher chance of becoming obese drive global demand. Additionally, in comparison to methods for weight loss that are artificial, like weight-loss medications or a gastrectomy keto diet burns off body fat quicker and more organically, with less risk for negative consequences.
Increased awareness of health and fitness in the COVID-19 situation will also boost demand on the global market. The demand worldwide of ketogenic foods is growing. The intense research and development of the keto diet industry is expected to create a variety of growth opportunities for the global market over the expected time. Additionally, the growth in demand for food items or drinks that can serve as meal replacements opens many new growth opportunities for the global market. The wide acceptance of the meal-in-a-bottle concept also has the potential to expand.
While the ketogenic diet market is growing, a variety of restrictions hinder its growth globally. The cost of the ketogenic diet make it prohibitive for the majority of people, thus limiting its market’s expansion. In addition, many are changing their lives and shifting to vegan foods and limiting the keto diet’s market expansion.
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COVID 19 Analyse
COVID 19 is an epidemic that has affected many in the population. Due to the global pandemic the majority of people are losing their job. The growth of several industries and dynamic have been affected. Due to the shortage of vaccines people are concerned about their health and socially distancing. Health-conscious people are becoming more aware of the increasing frequency of a worldwide epidemic caused by COVID 19. They are increasing their immune system through adopting healthy habits. Demand for shakes ready-to-drinks to replace lunches grows because social isolation and non-contact activities increase. COVID 19’s global pandemic has had a positive effect on the ketogenic diet’s share of the global market.
The market share of ketogenic diets is anticipated to increase even more over the time frame anticipated. Furthermore to that, the COVID-19 outbreak caused havoc to the retail sector of the ketogenic food sector. People began to shop for groceries online, with options ranging from click-and collect to delivery services that led to an increase in the distribution channels available online.
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By Type of Product
The segment of vegetables and fruits is expected to comprise large portions of the market for ketogenic diet. Many of the most well-known keto drinks, including the bulletproof tea, cold tea as well as keto hot chocolate are driving the demand in the beverage sector.
Through Distribution Channel
The supermarket/hypermarket segment has the most significant market share, which is expected to continue during the projected period. Major manufacturers rely on offline retail shops like supermarkets and hypermarkets to market their products. Additionally, many companies are expanding their client base by opening new brick-and-mortar stores across the globe. In addition, the rising number of businesses operating offline within the ketogenic diet sector expands the reach of the distribution channels.
It is believed that the North American area holds the largest market share in the world market, due to the increasing awareness about fitness and health and increasing disposal income, which drives growth in the market. The European region is the second largest market share in the global industry of ketogenic eating. This means that the percentage of overweight people or women Europe and across the globe is constantly growing, which is driving the demand for ketogenic foods and drinks. The market is expanding because of changing lifestyles and an increased awareness of fitness and health. The Asia-Pacific region is home to the third-largest market share of the global industrydue to its rapid expansion. Due to the greater number of people living in the region the type of food is more sought-after.
In addition, a substantial proportion of the population this region is obese and since the keto diet helps with weight reduction and manage it is expected to increase demand in the region during the expected time. In addition, increasing the personal discretionary income in emerging markets could open to a myriad of new economic opportunities. The growth in demand is stimulated due to a rapid shift to an active lifestyle.
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