Growing incidence of obesity among people across the globe and widespread consumer preference for clean-label products will drive the global ketogenic diet food market.
PORTLAND, Ore., Nov. 6, 2023 /PRNewswire/ — Allied Market Research published a report “Ketogenic Diet Food Market by Type (Supplements, Beverages, Snacks, Dairy), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031”. As per the report, the global ketogenic diet food market is expected to gather $14.5 billion by 2031. The market accounted for a revenue of $8.4 billion in 2021 and is predicted to grow at a CAGR of 5.9% during the 2022-2031 period. The report provides a detailed study of the latest market trends, regional scenario, and the competitive landscape of the market.
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Prime Growth Drivers and Opportunities
A growth in prevalence of obesity and overweight issues among the younger and working-class section of the population is expected to be the primary growth driver of the global ketogenic diet food market. Furthermore, a rising proportion of health-conscious people and increasing consumption of natural and clean-label products will further help to augment the growth rate of the market. On the contrary, the negative effects of ketogenic diet food on human health might create hurdles in the growth of the market. Nonetheless, magnification of the e-commerce sector and soaring investments in R&D will generate new growth opportunities in the market.
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$8.4 billion
Market Size in 2032
$14.5
CAGR
$14.5
No. of Pages in Report
274
Segments covered
Type, Distribution Channel, and Region.
Drivers
· increased prevalence of overweight and obesity
· younger generation, millennials
· working-class population
Opportunities
· increases the risk of developing
·
Restraints
· Lack of awareness
· Availability of alternatives
The supplements segment to flourish immensely
By type, the supplements segment held the highest market…