Ketogenic Diet Food Industry Overview
|Fastest Growing Market:||Asia-Pacific|
*Disclaimer: Major Players sorted in no particular order
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Ketogenic Diet Food Market Analysis
In the next five years, the global ketogenic diet food market is expected to register a CAGR of 5.52%.
Because of the COVID-19 pandemic, people's working styles changed. Many countries developed work-from-home cultures.Because of this, the prevalence of obesity, cardiovascular diseases, high blood pressure, and many more chronic diseases started to rise among people. The ketogenic food market is going to grow over the long term owing to increased awareness among people about their health and fitness. Following the keto diet can have plenty of benefits, like helping with weight loss, reducing migraines, improving heart health, reducing cholesterol, and many more. Due to all these benefits known to consumers, the market is expected to grow over the long term.
Furthermore, online food delivery services and e-commerce websites are growing all over the world owing to their convenience. As a result, consumers have more food options and selections. Especially among millennials, keto diets are very popular as they give more energy with less calorie intake, which eventually helps with weight management. Athletes and sports enthusiasts are also shifting to a ketogenic diet in order to stay fit and active for a longer period of time. Therefore, the increasing need for the keto diet among consumers is paving the way for manufacturers to introduce keto products, particularly supplements and snacks that deliver on the high-fat, low-carb formula, especially with added nutrients and vitamins, which are often lacking in a keto diet. Several market players are launching products and ingredients to support the keto food market. For instance, in June 2022, King Arthur Baking Co. launched a new collection of keto-friendly baking mixes. The keto mixes, which are made using non-GMO certified ingredients, are available in a yellow cake mix, a chocolate cake mix, an all-purpose muffin mix, and a pizza crust mix. Each mix has 2 grams or less of net carbs per serving and no added sugar.
Ketogenic Diet Food Industry Segments
Keto is short for ketogenic, referring to a diet or food that is low in carbohydrates but high in protein. While originating as a medical diet, it is popularly associated with weight loss. It also helps in boosting metabolism, reducing appetite, and improving the balance of the gut. The report on ketogenic diet food is segmented by product type into supplements, beverages, snacks, and other product types. By distribution channel, the market is segmented into supermarkets, hypermarkets, pharmacies, drug stores, specialty stores, online retail stores, and other distribution channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
|Other Product Types|
|By Distribution Channel|
|Online Retail Stores|
|Other Distribution Channels|
Ketogenic Diet Food Market Trends
Increasing Obesity is Driving the Market Growth
Obesity is one of the major health problems in the world today. According to the Trust for America's Health report from September 2022, 4 in 10 American adults have obesity. Because of this, consumers are shifting towards healthy food habits and incorporating keto-friendly foods into their diet regimen. They are also going to fitness centers and gyms to stay fit. The gym trainers and doctors recommend the ketogenic diet instead of intermittent fasting. The high-fat and low-carb beverages are designed to provide sustained energy and help accelerate the metabolic state of ketosis, which makes the body more efficient when burning fat for energy. Considering children's obesity in many regions, the market players are innovating products like cakes, chocolates, protein bars, and many more that are keto-friendly. For instance, in April 2022, Jimmy's Healthy Foods Inc. launched Keto-Friendly Chocolate Fudge Pudding. Additionally, the availability of different keto-friendly products on online shopping apps like Amazon, Walmart, and many more is also driving the market.
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Asia-Pacific is Emerging as the Fastest-growing Market
In China, ketogenic diet food is widely available in the form of tablets, pills, snacks, powder, or liquid. Also, keto certifications are emerging, including Certified Ketogenic and Paleo Foundation Certified Keto. These certifications are expected to appeal to lifestyle users who see keto as an extension of the Paleo diet or a clean-label diet. China has a large young population, which contributes to the consumption of ketogenic foods. Ketogenic beverages, like alcoholic and non-alcoholic beverages, are quite famous in the region. Because of changes in environment, lifestyle, and urbanization, consumers need their food to be healthy, easy to carry, and nutrient-rich. Australian consumers are also very conscious of their health, and the market players there have been launching snacks and snack bars that are keto-friendly. For instance, in March 2021, an Australian food company, My Muscle Chef, launched new healthy keto bars that are made from plant-based ingredients.
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Ketogenic Diet Food Market Competitor Analysis
The global ketogenic diet food market is highly competitive and comprises regional and international competitors. The market is dominated by players like Perfect Keto, LLC, Glanbia PLC, Nestle, and Pruvit Ventures Inc. These players focus on leveraging the opportunities posed by emerging markets to expand their product portfolios to cater to the requirements of various product segments, especially supplements and beverages. Also, companies have turned to strategic partnerships as their main way to expand their customer base and geographic reach.
Ketogenic Diet Food Market Top Players
Pruvit Ventures, Inc.
Perfect Keto, LLC
Know Brainer Foods LLC
*Disclaimer: Major Players sorted in no particular order
Ketogenic Diet Food Market Recent Developments
- September 2022: You Go! Foods launched its Keto Tortilla Chips throughout the United States to satisfy consumer demand for keto snack chips. You Go! Food tortilla chips are available through major retailers and You Go! Foods website, with early private-label sale commitments as well.
- January 2022: Meal kit company Sun Basket merged with keto lifestyle company Pruvit Ventures to provide consumers with at-home, fully ketogenic meal kits. The transaction was an all-stock deal, with Sunbasket and Pruvit becoming wholly-owned subsidiaries of PSB Holdings, a new holding company.
- August 2021: Zing Bars, a subsidiary of American Licorice LLC, launched a new line of keto-friendly snack bars. The snack bars are gluten-free and plant-based and contain prebiotic tapioca fiber and organic brown rice protein.
Ketogenic Diet Food Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.4 Other Product Types
5.2 By Distribution Channel
5.2.2 Pharmacy/Drug Stores
5.2.3 Specialty Stores
5.2.4 Online Retail Stores
5.2.5 Other Distribution Channels
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle-East and Africa
184.108.40.206 South Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Nestlé S.A.
6.3.2 Zenwise Health
6.3.3 Know Brainer Foods LLC
6.3.4 Pruvit Ventures Inc.
6.3.5 Perfect Keto LLC
6.3.6 TDN Nutrition
6.3.7 NOW Foods
6.3.8 Glanbia PLC
6.3.9 Atrium Innovations Inc. (Garden Of Life)
6.3.10 Keto and Co.
6.3.11 Keto Krisp
6.3.12 American Licorice LLC (Zing Bars)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ketogenic Diet Food Market Research FAQs
What is the study period of this market?
The Ketogenic Diet Food Market market is studied from 2017 - 2027.
What is the growth rate of Ketogenic Diet Food Market?
The Ketogenic Diet Food Market is growing at a CAGR of 5.52% over the next 5 years.
Which region has highest growth rate in Ketogenic Diet Food Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Ketogenic Diet Food Market?
Europe holds highest share in 2021.
Who are the key players in Ketogenic Diet Food Market?
Zenwise Health, Pruvit Ventures, Inc., Perfect Keto, LLC, Know Brainer Foods LLC, Nestlé S.A. are the major companies operating in Ketogenic Diet Food Market.
Ketogenic Diet Food Industry Reports
In-depth industry statistics and market share insights of the Ketogenic Diet Food sector for 2020, 2021, and 2022. The Ketogenic Diet Food research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Ketogenic Diet Food report PDF.