Others Segment to Dominate MEA Ketones Market during 2021–2028

According to a new market research study on “MEA Ketones Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Form and Application” is expected to reach US$ 261.01 million by 2028 from US$ 177.63 million in 2021. The market is estimated to grow at a CAGR of 5.7% from 2021 to 2028. The report provides trends prevailing in the MEA ketones market along with the drivers and restraints pertaining to the market growth. Raised adoption of bio ketones over conventional ketones is the major factor driving the growth of the MEA ketones market. However, issues associated with the lack of awareness and low adoption of ketone supplements hinder the growth of MEA ketones market.

The MEA ketones market is segmented into form, application and country. Based on form, the ketones market is segmented into solid and liquid. The liquid segment dominated the market in 2020 and solid segment is expected to be the fastest growing during the forecast period. Based on application, the MEA ketones market is segmented into food and beverage, dietary supplements, personal care and cosmetics, and others. The others segment dominated the market in 2020 and dietary supplements segment is expected to be the fastest growing during the forecast period. Based on country, the ketones market is classified into South Africa, Saudi Arabia, UAE, and Rest of MEA.

In the Middle East and Africa, South Africa had the most COVID-19 cases, followed by Saudi Arabia and the United Arab Emirates. Various companies have remained closed because of lockdowns, resulting in a decrease in the production and distribution activities. Slowdown in the demand from various end user industries is negatively impacting the market growth across the region. However, implementation of effective government policies in countries like the UAE have significantly revived the industrial activities across the region which is projected to favor the growth of ketones market in the Middle East and Africa.

Eastman Chemical Company; Orchid Chemical Supplies Ltd; Royal Dutch Shell plc.; SABIC; and Taj Pharmaceuticals Chemicals are among the leading companies in the MEA ketones market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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