According to a new report published by Allied Market Research, titled, “Ketogenic Diet Food Market,” The ketogenic diet food market was valued at $8.4 billion in 2021, and is estimated to reach $14.5 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
The ketogenic diet is an extreme weight loss strategy with detrimental effects on human health and high production costs are likely to act as a market barrier for the development of ketogenic diet foods during the forecast period. Recalls of specific products are expected to provide the greatest impediment to the ketogenic diet food market size expansion.
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Regional Outlook:
According to the ketogenic diet food market opportunities, region-wise, North America garnered the major ketogenic diet food market share in 2021 and is expected to maintain its market share throughout the ketogenic diet food market forecast period. North America was the largest regional market for ketogenic diets with a share of more than 42.6% in 2019, The largest market for ketogenic diets is in the United States. Demand for North American ketogenic diet foods is expected to rise throughout the forecast period due to rising obesity rates and strong millennial awareness of the importance of eating a healthy diet.
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The major players operating in the ketogenic diet food industry focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. Some of the key players in the ketogenic diet market include, Ample Foods, Danone SA, Nestle SA, Prüvit Venture, Keto and company, Zenwise Health, Perfect Keto, Know Brainer Foods, Bulletproof 360 Inc., and Ancient Nutrition.
Key finding of the study
- By type, the snacks segment was the significant revenue contributor to the market with $1,282.0 million in 2021, and is estimated to reach $2,691.0 million by 2031, with a CAGR of 7.8%.
- By distribution channel, the offline segment was the highest revenue contributor to the market, with $6,841.5 million in 2021, and is estimated to reach $11,594.3 million by 2031, with a CAGR of 5.6%.
- Region-wise, North America was the highest revenue contributor, accounting for $3,562.3 million in 2021, and is estimated to reach $6,105.7 million by 2031, with a CAGR of 5.7%.
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