Vitamin K2 Market Dynamics, Application Scope, Competitive Analysis, Value, Forecast to 2023

 

Vitamin K2 Market by Product Type (MK-7, MK-4, Others), By Source (Natural, Synthetic), By Form (Oil, Powder, Others), By Application (Nutraceutical & Food, Pharmaceutical) and Regional Growth, Industry size, Future Trends, Demand Analysis, Market Share - Global Forecast till 2023.

Global Vitamin K2 Market Size is predicted to register 31.08%% CAGR over the forecast period (2018-2025).

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Market Key Players Analysis:

The vitamin K2 market is supported by various global manufacturers with their diverse product portfolios and an effective supply chain. Some of these key giants include –

Kyowa Hakko Bio Co. Ltd., Geneferm Biotechnology Co. Ltd, DSM, Gnosis SpA, Frutarom, Kappa Bioscience, NattoPharma, Danisco A/S, Seebio Biotech, Viridis BioPharma and Others.

Global Vitamin K2 Market Segmentation

The global vitamin K2 market is classified by product type, source, form, and application.

On the basis of product type, the global vitamin K2 market is diversified into MK-7, MK-4, and others. MK-7 held 71.61% of the market share in 2017, followed by MK-4 holding 21.87%, and other products acquiring 6.52%. The MK-7 segment is predicted to reach USD 165.91 million by 2023. In addition, the MK-4 could generate USD 48.93 million for a 30.63% CAGR over the forecast period.

The global vitamin K2 market is also bifurcated into natural and synthetic based on the source. The natural resources represented, respectively, 64.88% of market shares and synthetic resources, 35.12% of shares in 2017. The natural source is anticipated to register a CAGR of 30.72% over the forecast period. The synthetic segment, on the other hand, is expected to reach USD 82.54 million by 2023, with a 31.73% growth in CAGR.

Moreover, the form segment is characterized into powder, oil, and other. Powder segment held 52.75% of the market share in 2017, followed by oil 36.96% and other products 10.29%. The powdered form is projected to reach USD 117.89 million, with a CAGR of 30.62 at the end of the forecast period. The oil segment could reach the highest CAGR of 32.61% during the evaluation period, reaching USD 90.43 million by 2023. This can be attributed to the effective measurement technique to deliver vitamin K2.

The global vitamin K2 market is also segmented on the basis of application into pharmaceuticals and nutraceuticals & food. The nutraceuticals and food segment dominated the market with maximum market shares in 2017.

The global vitamin K2 market segments into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The APAC region can generate about USD 31.11 million in 3123, with a CAGR of 29.51% over the forecast period. This can be attributed to the huge consumption of the population in India, China, and Australia.

Regional Market Scope

Americas

North America

The U.S.

Canada

Latin America

 Europe

Western Europe

The U.K.

Italy

Spain

France

Germany

Rest of Western Europe

Eastern Europe

 Asia Pacific (APAC)

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

 The Middle East & Africa (MEA)

The Middle East

Africa

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5 Market Factor Analysis

5.1 Porter’s Five Forces Model

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Rivalry

5.2 Supply Chain Analysis

5.2.1 Raw Material Planning & Procurement

5.2.2 Packaging

5.2.3 Transportation

5.2.4 Distribution Marketing & Sales

5.2.5 Post-Sales Services

In addition, scientists have developed drugs that help treat babies with bleeding disorders. As a result, a growing number of research activities will increase demand for Vit-K, which will exceed commercial revenues in the coming years.

Lack of exercise, sedentary lifestyle, consumption of unhealthy food is some of the factors that trigger the risk of disease, which fosters the demand for vitamin k2.

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Researchers and scientists focus on the role of vitamins in babies and adults. Several institutions in these regions are studying the bioavailability and intestinal absorption of menadione and phytonadione, which help healthcare professionals understand the metabolism process.

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