According to the latest published report by Polaris Market Research The global Vitamin K2 market size is expected to reach USD 290.3 million by 2026 and growing at a CAGR of 24.5% from 2020 to 2026. The report “Vitamin K2 Market Share, Size, Trends, Industry Analysis Report By Product (MK-4, and MK-7), By Application (Pharmaceuticals, Nutraceuticals & Food, Others); By Source (Natural, Synthetic, Others); By Regions, Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The alarming cases of vitamin deficiency in humans are anticipated to be a primary trigger for demand in the global market. A study conducted by the Food & Agriculture Organization of United Nations (FAO) in the year 2018 revealed that vitamin K deficiency bleeding (VKDB) in infants has emerged to be a major concern for infant mortality. Such incidences are anticipated to be the primary demand generators over the forecast period.
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Key players present in the Vitamin K2 Market :
- Kappa Bioscience
- DuPont Health and Nutrition
- Gnosis SpA
- Seebio Biotech
- Viridis BioPharma
- Kyowa Hakko Bio Co. Ltd.
- Geneferm Biotechnology Co. Ltd.
- Kikkoman Corporation
Osteoporosis is another major ailment which constraints growth of new tissues in the human body. More than 38 million people globally suffered of osteoporosis between 2017-18, as per Osteoporosis Foundation statistics. Hence, compensation of calcium deficiency in the human body is expected to be the main area of vitamin K2 consumption. Multifunctional ingredients ensure extended shelf life of foods, and significantly improve the texture and taste of the end-products, hence these ingredients have become a rage in the pharmaceutical industry. The ageing as well as geriatric population creates a bigger room for manufacturers in terms of product innovation.
As far as the production/derivation methods of vitamin K2 are concerned, natural source accounts for a higher share in the market followed by synthetic means. Production method of the ingredient is a crucial concern particularly in the pharmaceutical industry, as manufacturers have to keenly assess the drug testing criteria put forth by governing authorities. The pharmaceuticals and food application segment is expected to consume the highest amount of vitamin K2 as a result of changing lifestyles, health awareness, and rising disposable income of people. Powders and oils are the primary forms through which vitamin K2 would be integrated in foods.
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As of 2019, North America holds the largest market share followed by Europe and Asia Pacific. A drastic increase in the consumption of functional foods by the citizens of Australia, China, and India are likely to speed up the demand of vitamin K2 in Asia Pacific over the next five years. Middle East and Africa is likely to pose a moderate demand for vitamin K2 because of the already existing health and wellness campaigns deployed by the government.
Mergers & acquisitions (M&A), collaborations, partnerships, capacity expansion plans, heavy amount of research & development, and signing long term distribution contracts with local sales giants are the key strategies adhered by market participants to maintain and strengthen their position in the global landscape.
Table of Contents of Report:
Overview and Scope
Vitamin K2 Market Insights
Vitamin K2 Market Size and Forecast by Source
Vitamin K2 Market Size and Forecast by Product
Vitamin K2 Market Size and Forecast by Application
- Nutraceuticals & Food
Vitamin K2 Market Size and Forecast by Regions
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Russia)
- Asia Pacific (China, India, Japan, Korea)
- Latin America (Mexico, Brazil, Colombia)
- MEA (Saudi Arabia, Israel)
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List of Tables
Table 1 Global Vitamin K2 market (USD Million) 2015 – 2026
Table 2 Global Vitamin K2 market by region 2015 – 2026 (USD Million)
Table 3 Global Vitamin K2 market by product, 2015 – 2026 (USD Million)
Table 4 Global Vitamin K2 market by application, 2015 – 2026 (USD Million)
Table 5 Global Vitamin K2 market by source, 2015 – 2026 (USD Million)
List of Figures
FIG. 1 Market snapshot
FIG. 2 Market segmentation & scope
FIG. 3 Global Vitamin K2 market size and growth prospects, 2015 – 2026
FIG. 4 Value chain analysis
FIG. 5 Vitamin K2 market dynamics
The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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