Vitamin K2 Market Size, Share, Trends, Growth Factors, Competitive Landscape and Forecast to 2027
Research Reports
Oct 31, 2022
Market Overview:
The market research made on Vitamin K2 shows a potential growth during the forecast timeline which is till 2027 with a valuation of USD 703.82 million at CAGR 31.08%.
Vitamin K2 deficiency cases have increased because of the change in food-associated habits and even lifestyle imbalance. Vitamin K2 market is important and is usually produced naturally in the human gut by bacteria. Vitamins K2 is rare in western diet plans and is crucial to add it using a supplementary diet and some pharmaceutical products. The crucial factors which contribute to the growth of this market consist of the increased number of patients that often suffer from the deficiency of vitamins increased nutraceutical products demand which consists of vitamin K2 and a rise in osteoporosis and arthritis cases. There has also been some strict rule imposed for nutraceuticals which could affect the growth of the market during the forecast timeline. In contrast to this, there are also multifunctional ingredients that offer scope for the market players to create some advanced products.
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Over the past few years, there has been a rise in vitamin deficiency cases; the increased vitamin deficiency disorder is the prime reason for the increase in the nutraceutical demand that consists of vitamins. Vitamin K deficiency bleeding is one disorder where babies cannot stop bleeding simply because their blood doesn’t have enough Vitamin K to create a clot. The centers for Disease Control and Prevention healthcare providers stated that deficiency is the category into three stages which are early, late and classical. There has been a high rate of Vitamin K deficiency bleeding noted amongst infants which contributed to the growth of this market.
The increased Covid-19 prevalence is showcasing a better influence on the growth of the market during the forecast timeline. The Covid-19 crisis has gathered a huge impact on the healthcare sector. During the initial Covid-19 outbreak, there were many nutraceutical and pharmaceutical companies faced a slight loss in some of the quarters because of the quick impact on the supply chain. There were also regulations and ban that were imposed on the supply and manufacturing operators. The Covid-19 impact has also led to the rise in the demand for nutraceuticals which also includes vitamin K2 as prominent players are witnessing a good sloes growth because of the increased demand.
Market Segmentation:
As per the Product Type
- MK-4
- MK-7
- Combination Drugs
As per the Source
- Synthetic
- Natural
As per the Form
- Powder
- Capsule & Tablet
- Oil
As per the Application
- Pharmaceutical
- Nutraceutical and Food
As per the Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
- Africa
Regional Classification:
The regional analysis made on the Vitamin K2 market shows the bifurcation was done in the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Presently, North America is holding a good market share because of the increased herbal medicines adoption and more focus on the health and wellness of the consumers along with increased healthcare prices.
List of Key Companies Covered in this report:
Kappa Bioscience (Norway),Lesaffre (France),Viridis BioPharma (India),Seebio Biotech (Shanghai) Co.,Ltd (China),DSM (Netherlands),International Flavors & Fragrances Inc. (US),Kyowa Hakko Bio Co. Ltd (Japan),Purayati (India),Vox Nutrition (US),Anderson Global Group, LLC. (US)
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