Ketogenic Diet Market Synopsis

Ketogenic Diet Market Size Was Valued at USD 11.66 Billion in 2023 and is Projected to Reach USD 19.07 Billion by 2032, Growing at a CAGR of 5.62 % From 2024-2032.

A Ketogenic Diet or simply Keto Diet is a type of diet that provides large amounts of fats, moderate amounts of proteins, and lower amounts of carbohydrates. Typically, this type of diet is followed by a person with the purpose of weight loss or controlling seizures in treatment-resistant epilepsy. Today, Physique- and performance-conscious people and people who are looking to improve life quality are sticking to this dietary model.

• The ketogenic diet contains foods such as Fish and seafood, Poultry, Low-carb veggies, Eggs, Cheese, Avocados, Nuts, seeds and oils, Plain Greek yogurt, Berries, sugarless coffee and tea, Dark chocolate, and cocoa powder, and a few others, these foods are high in fats and low in carbs hence making it a great choice for diet following people to achieve their nutritional goals.
• A high-fat and low in carbohydrates diet causes the body to break down fat into molecules called ketones. Ketones simply are a group of compounds with a specific chemical structure, and our body can make them through a complex biochemical pathway, these formed Ketones circulate in the blood and become the main source of energy for many cells in the body during the ketogenic routine.
• Today, even with the continuous advances in the medical world, obesity, and overweight issues continue to remain a major worldwide health issue, especially among the young generation with adult mortality as high as 2.8 million per year. Further, the majority of chronic diseases occurring like diabetes, hypertension, and heart disease are associated with obesity which is the result of an unhealthy lifestyle and poor dietary habits, due to such problems from dietary mistakes, diet routines like the Keto Diet have gained a lot of importance worldwide. For example, according to a global study carried out across 30 countries, 45% of people are currently trying to lose weight through diets, and the number is even increasing which is resulting in more demand for appropriately selected ketogenic foods.

Ketogenic Diet Market Trend Analysis

Increasing Prevalence of Ill Health and Obesity Problems, Mainly Among the Millennials, And the Working-Class Population

• Obesity which can be defined as having a high body-mass index or abnormal or excessive fat accumulation is one of the world’s largest health problems today, Obesity and overweight are issues that are directly related to very fatal health issues, it can be stated as a risk factor for several of the world’s leading causes of death, including heart disease, stroke, diabetes and various types of cancer.
• Obesity does not directly cause any life-threatening health impacts but it is responsible for increasing their likelihood of occurring. According to the Global Burden of Disease study, in 2017 4.7 million people died prematurely as a result of obesity. Which was close to four times the number that died in road accidents and close to five times the number that died from HIV/AIDS in 2017. And in 2016 according to WHO, around 2 billion adults worldwide were overweight of which 650 million were obese.
• Furthermore, according to 2017–2018 data from the National Health and Nutrition Examination Survey (NHANES), approximately 30.7% of adults are overweight and more than 42.4% have obesity issues
• As obesity is prevailing, an increased number of solutions to this problem are coming up, including diet regimes, behavioral lifestyle programs, physical activity programs, etc. of which people are finding the ketogenic diet to be one of the best ways. Also, several studies have linked the benefits of a ketogenic diet with a variety of health conditions including cancer, heart disease, epilepsy, Parkinson’s disease, and diabetes which is leading to greater demand for ketogenic foods in the market.

Increasing Consumer Awareness Regarding the Advantages of the Keto Diet, And Growing Consumer Preference for Natural and Clean Food

• Ketogenic diets have started gaining huge popularity as medics and researchers have started to investigate and report their potential benefits. Nutritional ketosis, which occurs during the keto diet results in the use of ketone bodies from fat metabolism, a metabolic state where the body prefers to utilize fat as its primary fuel source is proven to have a of lot healthy benefits to the human body.
• Several recent studies have been published which show that utilizing Low-carbohydrate, High-fat (LCHF) diets, such as the ketogenic diet, helps patients lose weight, reverse the signs of metabolic syndrome, and reduce or eliminate insulin requirements for type 2 diabetics.
• Other benefits such as reduced inflammation, improved epigenetic profiles, improved lipid profiles, helped cancer treatments, and ultimately increased longevity and brain function have been studied. Such studies are the most crucial factor acting behind the understanding and adoption of the ketogenic diet among the modern population, which is expected to increase immensely in the upcoming period.

Ketogenic Diet Market Segment Analysis:

Ketogenic Diet Market Segmented on the basis of Product Type, Distribution Channel.

By Product Type, Snacks and Beverage segment is expected to dominate the market during the forecast period

• Ketogenic snacks are the favorite choice for people staying in the ketosis state. Many people prefer consuming keto-friendly foods as a snack for a ketogenic diet which includes foods like Nuts (cashews, pecans, and almonds), Nut butter (peanut butter or almond butter), Packaged Cheese Snacks, cured meats, Tinned fish, Canned tuna, and Baked goods made with almond flour or flax seed, and Seaweed snacks.
• Research studies have also found that, as long as people snack on healthy foods are packaged, eating a small snack between meals might be beneficial for health. Especially if snacking helps to eat less at the meals. Due to this people are opting for food manufacturers who can provide them with healthy keto snacks.
• Moreover, many market players have started producing snacks and fast options specifically targeting physique-oriented customers, such as protein bars, energy balls, crackers, and grain-free chips and cookies which is driving the growth of sales of keto snacks in the ketogenic diet market.

By Distribution Channel, the supermarket/hypermarket segment held the largest share of 50.6% in 2022

• This can be attributed to the widespread accessibility and diverse product offerings in these retail giants. The convenience of finding a variety of ketogenic products, coupled with the one-stop shopping experience provided by supermarkets and hypermarkets, has significantly contributed to their market leadership.
• Consumers' preference for convenient, all-encompassing shopping destinations enhances the prominence of this distribution channel, solidifying its position as the primary avenue for ketogenic diet products, and fostering growth and market influence.
• Major manufacturers are promoting their products through offline retail stores, such as hypermarkets and supermarkets. Moreover, several companies are opening new brick-and-mortar stores worldwide to expand their customer base.
• For instance, Target Brands, Inc. announced its plans to inaugurate around 25 new stores in the U.S. by the end of 2020. In addition, the company is planning to add seven more stores in the U.S. by 2021. The increasing number of offline stores expands the scope of this distribution channel in the ketogenic diet industry.

Ketogenic Diet Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• The region's supremacy is driven by factors such as a rising awareness of health and wellness, an increasing prevalence of lifestyle-related diseases, and a growing trend toward weight management. The well-established healthcare infrastructure, coupled with a high adoption rate of ketogenic diets among the population, further contributes to North America's leadership in this market.
• The ketogenic diet, colloquially known as keto, has garnered substantial global interest. This dietary trend emphasizes increased consumption of both saturated and unsaturated fats while restricting carb intake, fostering a market evolution. In the U.S., a pivotal player in this landscape, consumer adoption reflects a significant shift, with 18 percent having experimented with high protein diets and four percent embracing the keto regimen in the past year. Notably, sales data from 2022 illustrates a remarkable 25 percent surge in whey protein sales and a commendable 12 percent rise in plant-based protein sales.
• The dietary landscape in the U.S. is marked by evolving perceptions of healthy foods, where 33 percent of respondents in 2023 associate it with being a "good source of protein," surpassing the preference for "low carbohydrate" at 14 percent. Across demographics, the younger generation, particularly Generation Z, demonstrates heightened interest, with 15 percent adhering to low- or no-carb diets in the United Kingdom.

• In 2022, whey protein sales surged by an impressive 25%, outpacing the 12% growth in plant-based protein sales. Simultaneously, the ketogenic diet market in North America is poised for dominance over the forecast period, reflecting a sustained consumer shift towards high-protein dietary preferences and the region's influence in shaping nutritional trends. As consumer behavior aligns with the ketogenic ethos, North America emerges as the vanguard in steering market dynamics. With its robust healthcare infrastructure, heightened awareness of health and wellness, and a proclivity for novel dietary trends, North America is poised to dominate the global ketogenic diet market over the forecast period, shaping the trajectory of dietary preferences and nutritional product offerings in the region.

Ketogenic Diet Market Top Key Players:

• Ample Foods (US)
• Ancient Nutrition (US)
• BPI Sports (US)
• Bulletproof 360 Inc. (US)
• JimmyBar Natural Foods (US)
• Ketologie (US)
• Perfect Keto LLC. (US)
• Pruvit Ventures Inc. (US)
• Fat Snax (US)
• Quest Nutrition, LLC (US)
• YouBar (US)
• NOW Health Group Inc. (US)
• ZBiotics Company (US)
• Zenwise Health (US)
• Dang Foods Company (US)
• Keto Bars (US)
• Know Brainer Foods LLC. (US)
• Love Good Fats (Canada)
• Danone S.A. (France)
• Nutricia (Netherlands)
• Hunter and Gather Foods Ltd. (UK)
• Glanbia Plc (Ireland)
• Nestlé S.A. (Switzerland), And Other Major Players.

Key Industry Developments in the Ketogenic Diet Market:

In October 2022, Glanbia Nutritionals introduced FerriUpTM, a new whey protein that is designed to provide women with a strong nutrient foundation as they may experience depleted iron and energy levels. the sports nutrition market in the US lacks focus in this area, with only 0.6% of new product launches targeting women, but 62% of active women agree that a product designed to support their iron and energy levels is extremely loved by them.

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.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. KETOGENIC DIET MARKET BY PRODUCT TYPE (2017-2032)
   1. KETOGENIC DIET MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SUPPLEMENTS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BEVERAGES
   5. SNACKS
   6. DAIRY
   7. OTHERS
7. KETOGENIC DIET MARKET BY DISTRIBUTION CHANNEL (2017-2032)
   1. KETOGENIC DIET MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SUPERMARKETS & HYPERMARKETS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. SPECIALTY STORES
   5. CONVENIENCE STORES
   6. ONLINE STORES
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. KETOGENIC DIET Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. AMPLE FOODS (US)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. ANCIENT NUTRITION (US)
   4. BPI SPORTS (US)
   5. BULLETPROOF 360 INC. (US)
   6. JIMMYBAR NATURAL FOODS (US)
   7. KETOLOGIE (US)
   8. PERFECT KETO LLC. (US)
   9. PRUVIT VENTURES INC. (US)
   10. FAT SNAX (US)
   11. QUEST NUTRITION, LLC (US)
   12. YOUBAR (US)
   13. NOW HEALTH GROUP INC. (US)
   14. ZBIOTICS COMPANY (US)
   15. ZENWISE HEALTH (US)
   16. DANG FOODS COMPANY (US)
   17. KETO BARS (US)
   18. KNOW BRAINER FOODS LLC. (US)
   19. LOVE GOOD FATS (CANADA)
   20. DANONE S.A. (FRANCE)
   21. NUTRICIA (NETHERLANDS)
   22. HUNTER AND GATHER FOODS LTD. (UK)
   23. GLANBIA PLC (IRELAND)
   24. NESTLÉ S.A. (SWITZERLAND)
9. GLOBAL KETOGENIC DIET MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segment1
      4. Historic And Forecasted Market Size By Segment2
      5. Historic And Forecasted Market Size By Segment3
      6. Historic And Forecasted Market Size By Segment4
      7. Historic And Forecasted Market Size By Segment5
      8. Historic And Forecasted Market Size By Segment6
      9. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies