Enjoy complimentary customisation on priority with our Enterprise License!
The vitamin K2 market share is expected to increase by USD 92.34 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.92%.
This vitamin K2 market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers vitamin K2 market segmentation by source (natural and synthetic) and geography (North America, Europe, Asia, and ROW). The vitamin K2 market report also offers information on several market vendors, including Anderson Global Group LLC, Kappa Ingredients GmbH, Koninklijke DSM NV, Lesaffre and Cie, MENADIONA SL, Nakoda Chemicals Ltd., Purayati, Seebio Biotech (Shanghai) Co. Ltd., Viridis BioPharma Pvt. Ltd., and Vox Nutrition Inc. among others.
Download the Free Report Sample to Unlock the Vitamin K2 Market Size for the Forecast Period and Other Important Statistics
The increasing demand for vitamin supplements is notably driving the vitamin K2 market growth, although factors such as strict government regulations on supplement endorsement and testing may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vitamin K2 industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Vitamin K2 Market Driver
One of the key factors driving growth in the vitamin K2 market is the increasing demand for vitamin supplements. The number of cases of vitamin deficiency has been steadily growing in recent years. The rising prevalence of vitamin deficiency illnesses is driving the demand for vitamin-containing nutraceuticals. For instance, vitamin K deficiency bleeding (VKDB) is a disorder in which newborns are unable to stop bleeding because their blood lacks enough Vitamin K to form a clot. Healthcare experts and CDC classify VKDB into three categories, namely: early, classical, and late. Early and classical VKDB is more common, affecting 1 in 60 to 1 in 250 newborns, but late VKDB is rare, affecting 1 in 14,000 to 1 in 25,000 children. Factors such as this will propel the market toward positive growth during the forecast period.
Key Vitamin K2 Market Challenge
The strict government regulations on supplement endorsement and testing will be a major challenge for the vitamin K2 market during the forecast period. To satisfy the criteria set by governments, key companies in the vitamin K2 market must follow the laws and regulations established by them. Controlling permits, establishing regulations for new entrants, residual management concerns, and inspecting expiry dates for specific items, such as nutritional supplements, are under the purview of relevant authorities. The FDA is in charge of regulating the production and distribution of functional foods and nutraceuticals in the US. If certain rules regarding ingredients use, dosage and procedure are not followed, the product will either be abandoned or will not be introduced into the market, which, in turn, will restrict the market growth.
This vitamin K2 market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the vitamin K2 market encompasses successful business strategies deployed by the key vendors. The vitamin K2 market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The vitamin K2 market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
For more insights on the market share of various regions Request for a FREE sample now!
38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for vitamin K2 in North America. Market growth in this region will be slower than the growth of the market in the European and Asian regions.
The expanding use of herbal medicines, increased consumer attention on health and wellbeing, rising healthcare expenditures, and increased demand for vitamin supplements, food and beverage, and cosmetic sectors will facilitate the vitamin K2 market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
To gain further insights on the market contribution of various segments Request for a FREE sample
The vitamin K2 market share growth by the natural segment will be significant during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the vitamin K2 market size and actionable market insights on post COVID-19 impact on each segment.
Vitamin K2 Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.92% |
Market growth 2022-2026 |
$ 92.34 million |
Market structure |
Fragmented |
YoY growth (%) |
6.09 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, Canada, Germany, China, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Anderson Global Group LLC, Kappa Ingredients GmbH, Koninklijke DSM NV, Lesaffre and Cie, MENADIONA SL, Nakoda Chemicals Ltd., Purayati, Seebio Biotech (Shanghai) Co. Ltd., Viridis BioPharma Pvt. Ltd., and Vox Nutrition Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.