Raspberry Ketones Market Size, Regional Outlook, Application Growth Potential, COVID-19 Impact Analysis, Competitive Market Growth & Forecast, 2021 – 2027
Report ID: GMI3644
Raspberry Ketones Market size during the forecast period 2021-2027 will be influenced by changing consumer perception towards health and nutrition and an increased demand for natural, immunity boosting foods. Growing consumer focus over improving their diet patterns has been a key trend in the food sector in recent years. The ongoing COVID-19 outbreak has accelerated the trend as an even larger percentage of consumers are now opting for healthier food options. Raspberry ketone is finding applications in the cosmetics and personal care space owing to its multifunctional properties.
A large obese population around the world and the demand for foods and supplements with natural ingredients will certainly augment raspberry ketones market share. A chemical substance obtained from red raspberries, apples, grapes, peaches, and a variety of vegetables, raspberry ketone is thought to help with obesity. Several research studies have highlighted its effectiveness in boosting metabolism, accelerating the fat burning rate, and suppressing appetite.
The market for synthetic raspberry ketones is slated grow at a notable pace up to 2027. Synthetically manufactured version of raspberry ketone is generally used in the production processed foods, weight loss supplements, and cosmetic and personal care products. The consumption of processed foods is increasing globally owing to convenience and busier consumer lifestyles. Meanwhile, the widespread occurrence of obesity and weight related disorders is driving the demand for weight loss supplements. These trends along with increased consumer spending on premium quality cosmetics should boost the consumption of synthetic raspberry ketones.
In terms of the applications, the dietary supplements segment is anticipated to capture a massive share of the raspberry ketones industry in the coming years. Dietary supplements, especially weight loss supplements, made from raspberry ketones have grabbed consumer attention worldwide with the possibility that they might aid in weight loss by accelerating the fat burning process. Increasing consumer awareness towards these factors along with the availability of a large number of raspberry ketone supplements should foster the industry outlook.
Raspberry ketones market trends in North America over 2021-2027 will be primarily driven by the widespread prevalence of obesity. According to the U.S. CDC, obesity affects more than more than 40% of the country’s population each year. CDC reports that obesity is linked with conditions including heart disease, type-2 diabetes, stroke, and certain types of cancer. Growing consumer interest in nutrition-rich foods and dietary supplements will bolster the regional market outlook.
Watson International, UNION PHARMPRO, DNP International, ORCHID CHEMICAL SUPPLIES, and Fuerst Day Lawson. The market players are focusing on strengthening their portfolio with constant R&D efforts and new product innovations. Many companies are also adopting growth and expansion strategies such as mergers, acquisitions, and alliances.
Raspberry ketones market trends during COVID-19 pandemic
The recent COVID-19 outbreak has altered the perception of consumer towards health and nutrition. Demand and consumption of immunity boosting products worldwide has surged significantly. The adoption of such products has been particularly higher among obese and overweight individuals since they are at a greater risk of COVID-19 infection as well as other health problems.
The U.S. CDC reports that obesity could worsen the outcomes from COVID-19. According to the agency, obesity could triple the chances of hospitalization due to COVID-19 and is linked with an impaired immune function. Moreover, obesity can reduce lung capacity and make ventilation more difficult for COVID-19 patients. The aforementioned factors indicate that products which improve health and immunity will be in demand in the coming years, positively impacting raspberry ketones market share.
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