Vitamin K2 Market Size, Share, Growth, and Industry Analysis, By Type (MK-4 MK-7, Others), By Application (Oil, Powder) and Regional Forecast to 2031

Updated On: 22 April 2024

Vitamin K2 Market REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global vitamin K2 market size was 43.4 million in 2022. As per our research, the vitamin K2 market is expected to reach USD 54.15 million by 2028, exhibiting a CAGR of 3.76% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, vitamin K2 experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Vitamin K2 serves as a fat-soluble vitamin which helps in blood clotting, skeletal wellness, and cardiovascular health. When you consume Vitamin K2, your body produces more of the protein required for blood clotting. It also contributes to bone health by maintaining calcium in the bones instead of flowing out of the arteries. The expanding global burden of chronic diseases such as arthritis, diabetes, and cardiovascular disease, as well as the negative health consequences, will raise vitamin K2 demand.

COVID-19 Impact: Declaration of Lockdowns to Deplete Market Share 

During the projected period, the increased prevalence of COVID-19 will be projected to result in an effect on vitamin K2 market share. The COVID-19 dilemma had a substantial and direct influence on the health care sector. Many pharmaceutical and nutraceutical businesses incurred a minor loss in the first few quarters due to the abrupt impact on the supply chain and limits imposed on production and distribution operations during the early phases of the coronavirus outbreak. COVID-19, on the other hand, has raised demand for nutraceuticals, especially vitamin K2, and several important players have witnessed favorable sales growth as a result.

LATEST TRENDS 

"Rising Health Issues to Stimulate Market Development  "

Rising awareness of health issues, changing eating habits, a hectic lifestyle, and rising demand for vitamin supplements as occurrences of micronutrient deficiencies rise are also projected to boost market expansion. Furthermore, the increased frequency of disorders that include osteomalacia, osteoporosis, especially rickets will provide several chances for the vitamin K2 market growth to develop throughout the forecast period.

SEGMENTATION

• 

• Request a Free Sample to learn more about this report

By Type

Based on type; the market is divided into MK-4, MK-7, others

MK-4 is the leading part of the type segment.

By Application

Based on the application; the market is divided into oil, powder

Oil is the leading part of the application segment.

DRIVING FACTORS

"Vitamin Deficiency in Emerging Nation to Aid Market Expansion  "

In the approaching years, changes in diet and lifestyle that create vitamin K2 deficiency within developed as well as emerging nations will boost industry growth. Sedentary people who eat an excessive amount of junk food have been more inclined to acquire chronic diseases that result in deficiency of vitamins. Menadione along with phytonadione are fat-soluble chemicals that are required for tooth and bone formation.

It also increases blood clotting and inhibits coagulation factors. People who suffer from coagulation disorders as a result of sedentary lifestyles and poor dietary habits are advised to take menadione as well as phytonadione supplements on a regular basis. The aforementioned variables will hasten industry expansion.

"Overall Wellness by the Vitamin to Foster Industry Progress "

Owing to the increased demand for vitamin supplements, the market is projected to develop substantially over the forecast period. A significant amount of research supports vitamins' significance in overall wellness as well as their advantages to human beings, especially the bones. This aspect will promote purchases of vitamin based goods such as pharmaceutical-grade injections, oral supplements, food additives, and dietary supplements.

RESTRAINING FACTORS

"Violation of Rules to Stop Market Evolution  "

To meet government standards, prominent players within the market have to conform to the rules and regulations put in place. Relevant authorities are in charge of controlling permits, creating regulations regarding fresh entrants, residue management worries, and checking expiry dates for certain commodities such as nutritional supplements. In the U.S., the FDA is in responsibility of supervising the production and marketing of nutritional foods and nutraceuticals. If specific regulations regarding the use of components, dosage, and method are violated, the good will either be discarded or will not be launched into the market, limiting market growth.

REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"Rising Prevalence of Chronic Disease in North America to Support Market Advancement "

In view of the rising prevalence of chronic disease including coagulation problems, the North American vitamin K2 market will be significant by 2032. The increased consumption of fast food, particularly in the U.S. , as well as greater healthcare cost, has fueled the region's increasing embrace of sedentary lifestyles.

The thriving bad eating habits and resulting vitamin insufficiency has pushed the increased focus on research and development efforts, further driving the intake of vitamin supplements. The growing number of hospitals, expanding government initiatives, and the substantial presence of key pharmaceutical and nutraceutical sector players will all contribute to regional market growth.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled 

• Shanghai Reson Biotech (China)
• DSM (Netherlands)
• Seebio Biotech (China)
• NattoPharma (Norway)
• DuPont Nutrition & Health (U.S.)
• Guangdong Goodscend (China)
• Kappa Bioscience (Norway)
• GeneFerm Biotechnology (China)
• Gnosis (U.S.)
• Viridis BioPharma (India)
• Kyowa Hakko (China)
• Frutarom (Israel)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.