The keto diet market will register a CAGR of close to 5% by 2023

NEW YORK, March 20, 2019 /PRNewswire/ — About this market

One of the major factors for the growth of the keto diet market is increasing instances of obesity and other related health issues. Obesity can be the cause of various health problems such as high blood pressure, diabetes, joint problems, and other issues. Increase in the global obese population has compelled people to seek weight loss options and diet plans. Keto diet reduces weight and body-fat percentage more rapidly than other diet patterns in obese and overweight consumers. Thus, the growth in the prevalence of obesity will help in the growth of the market during the forecast period. Technavio’s analysts have predicted that the keto diet market will register a CAGR of close to 5% by 2023.

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Market Overview

Increasing availability of keto products across various distribution formats

One of the key drivers for the market is the availability of keto diet products across online channels, specialty stores, supermarkets and hypermarkets, and others. The availability of ketos products in brick-and-mortar stores apart from the online channel will help in the growth of the market during the forecast period.

Side effects of keto diet

Keto diet requires adhering to an extremely low-cart, high-fat diet in order to transition into a metabolic state known as ketosis, which makes the body more efficient at burning fat. However, a keto diet can have various side effects, which might deter people from choosing to adopt this diet. This, in turn, can have a negative impact on the market’s growth.

For the detailed list of factors that will drive and challenge the growth of the keto diet market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

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