The global vitamin K2 market was valued at USD 450.5 million in 2021 and is anticipated to grow at a CAGR of 25.8% from 2023 to 2032 to reach USD 705.8 million by 2028. The prevalence of vitamin K2 deficiency is rising as people’s dietary and lifestyle patterns change. Vitamin K2 is naturally produced by gut bacteria. The western diet lacks vitamin K2, hence it must be supplemented by diet and prescription drugs. The market is expanding as a result of an expanding patient base with vitamin deficiencies, rising demand for products containing Vitamin K2, and rising rates of osteoporosis and arthritis. Contrarily, regulations on nutraceuticals may restrain market expansion during the projection period. Multifunctional ingredients, on the other hand, provide potential for market participants to produce innovative products.
Vitamin deficiency cases have been progressively increasing in recent years. The increase in diseases caused by vitamin deficiency is what is driving the demand for nutraceuticals that contain vitamins. Deficit is another issue. Babies with VKDB (Vitamin K2 Deficiency Bleeding) can’t stop bleeding because their blood doesn’t contain enough to clot. According to the Centers for Disease Control and Prevention (CDC), medical professionals divided VKDB into three categories: early, classical, and late. While late VKDB is less common, occurring in 1 in 14,000 to 1 in 25,000 births, early and classical VKDB is more common, occurring in 1 in 60 to 1 in 250 infants.
This report examines all the key factors influencing growth of global Vitamin K2 market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Vitamin K2 Market: Major Players
Seebio Biotech
GeneFerm Biotechnology
Viridis BioPharma
DSM
Frutarom
Kappa Bioscience
NattoPharma
DuPont Nutrition & Health
Kyowa Hakko
Guangdong Goodscend
Shanghai Reson Biotech
Gnosis
Global Vitamin K2 Market: Types
MK-4
MK-7
Others
Global Vitamin K2 Market: Applications
Oil
Powder
Global Vitamin K2 Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Vitamin K2 market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Over the projected period, COVID-19’s rising prevalence is anticipated to have an effect on market expansion. The healthcare sector has been significantly and immediately impacted by the COVID-19 conundrum. The majority of pharmaceutical and nutraceutical companies experienced a slight loss in the first few quarters as a result of the unexpected effect on the supply chain and the restrictions placed on manufacturing and supply operations during the early phases of the coronavirus pandemic. On the other hand, COVID-19 has increased interest in nutraceuticals, particularly Vitamin K2, and several significant players have experienced positive sales growth as a result of the increased interest.
We have thoroughly investigated the global market for vitamin K2 using primary and secondary research techniques. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. Through a variety of market estimation and data validation procedures, the data is further collated and validated. Additionally, we have a model for internally generated data that forecasts market growth through 2032.
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Reasons to Purchase the Vitamin Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
