Vitamin K Market to Reach USD 1,532.64 Million by 2030, Growing at a CAGR of 7.48%

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Vitamin K Market Overviews

The Vitamin K Market size was valued at USD 925.01 Mn. in 2023 and the total Vitamin K Market size is expected to grow at a CAGR of 7.48% from 2024 to 2030, reaching nearly USD 1532.64 Mn. by 2030.

The Vitamin K market is a global sector involved in the production, distribution, and consumption of vitamin K products, which play a crucial role in blood clotting, bone health, and cardiovascular wellness. There are two primary forms of vitamin K: phytonadione, which is found in green leafy vegetables and plant-based foods, and menaquinone, present in animal-based foods and produced by gut bacteria. Vitamin K is widely used to treat deficiencies, counteract the blood-thinning effects of warfarin, and promote bone health. This market encompasses dietary supplements, fortified foods, pharmaceutical formulations, and medical applications. Increasing awareness of vitamin K’s vital role in maintaining bone health is anticipated to propel market growth.

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Vitamin K Market Scope and Methodology:

The vitamin K market is projected to expand due to the rising incidence of chronic conditions, including hemorrhagic disease in newborns, neonatal bleeding, osteoporosis, arthritis, diabetes, and cardiovascular disease. Infants and newborns are particularly vulnerable to vitamin K deficiencies, driving demand for vitamin K tablets, supplements, and injections. As consumer awareness about the significance of vitamins and minerals, especially vitamin K, increases, there is a growing demand for products that contain this essential nutrient. Additionally, awareness campaigns and media coverage emphasizing the role of vitamin K in preventing bone fractures and cardiovascular problems further contribute to the market’s growth.

Vitamin K Market Regional Insights

North American vitamin K market, which dominated the market in 2023, driven by factors such as prominent manufacturers, a growing geriatric population, awareness of nutritional benefits, investment in research, demand for injectables, and the prevalence of chronic disorders like neonatal bleeding, arthritis, cancer, diabetes, vascular calcification, and osteoporosis. The region’s established market of dietary supplements and fortified foods is also fueled by high healthcare expenditure and individuals willing to invest in preventive measures. The rising frequency of vitamin K-related disorders, such as newborn hemorrhage, osteoporosis, and vascular calcification, is positively impacting the industry’s growth. Sedentary lifestyles, poor dietary habits, and lack of exercise are activating risk factors associated with these diseases, further boosting regional growth.

Vitamin KMarket Segmentation

Based on Application, the osteoporosis segment led the vitamin K market due to its essential role in bone metabolism and mineralization, helping to reduce fracture risk. Osteoporosis primarily affects older adults, particularly postmenopausal women and the elderly, who are more susceptible to bone-related complications. As the global population continues to age, the prevalence of osteoporosis is anticipated to increase, consequently boosting the demand for interventions that support bone health, including vitamin K supplements.

Vitamin K Market Key Players

BASF SE – Germany
Lonza Group – Switzerland
SternVitamin GmbH & Co. K.G. – Germany
Adisseo – France
DSM – Netherlands
Kappa Bioscience – Norway
Livealth Biopharma – India
Amphastar Pharmaceuticals Inc. – United States
NOW Foods – United States
Pfizer Inc – United States
Solgar Inc – United States
Kyowa Hakko USA – United States

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Key questions answered in the Vitamin K Market are:

What is Vitamin K ?
What was the Vitamin K market size in 2023?
What is the growth rate of the Vitamin K Market?
Which are the factors expected to drive the Vitamin K market growth?
What are the different segments of the Vitamin K Market?
What growth strategies are the players considering to increase their presence in Vitamin K ?
What are the upcoming industry applications and trends for the Vitamin K Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Vitamin K Market?
Who are the leading companies and what are their portfolios in Vitamin K Market?
What segments are covered in the Vitamin K Market?
Who are the key players in the Vitamin K market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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