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Global Vitamin K Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Food & Beverage
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Vitamin K Market, By Type (Vitamin K1, Vitamin K2), Application (Osteoporosis, Vitamin-K Dependent Clotting Factor Deficiency [VKCFD], Dermal Applications, Prothrombin Deficiency, Vitamin K Deficiency Bleeding [VKDB]), Route of Administration (Oral, Topical, Parenteral), Mode of Consumption (Pills, Powders, Creams, Liquids) – Industry Trends and Forecast to 2029.

Vitamin K Market

Vitamin K Market Analysis and Size

Vitamin K deficiency is becoming more common as a result of changing lifestyle and food habits. Bacteria in the human gut naturally produce vitamin K. Vitamin K is scarce in the western diet, so it must be supplemented through diet and pharmaceutical products.

Data Bridge Market Research analyses that the vitamin K market was valued at USD 795.34 million in 2021 and is expected to reach the value of USD 1346.24 million by 2029, at a CAGR of 6.80% during the forecast period. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Vitamin K Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Vitamin K1, Vitamin K2), Application (Osteoporosis, Vitamin-K Dependent Clotting Factor Deficiency [VKCFD], Dermal Applications, Prothrombin Deficiency, Vitamin K Deficiency Bleeding [VKDB]), Route of Administration (Oral, Topical, Parenteral), Mode of Consumption (Pills, Powders, Creams, Liquids)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. K.G. (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain) and Rabar Pty Ltd (Australia)

Opportunities

  • Rising health consciousness
  • Rising cases of micronutrient deficiencies
  • The rising prevalence of diseases such as osteomalacia, osteoporosis, and rickets

Market Definition

Vitamin K is a fat-soluble vitamin that helps blood clot. It is divided into two subtypes: Vitamin K (K0) and Vitamin K (K1) (K). Both types have synthetic forms, but their properties differ depending on the type. In this context, the most important variants are phylloquinone (K) and menaquinone (MK-n). Vitamin K is necessary for bone health and the prevention of osteoporosis.

Vitamin K Market Dynamics

Drivers

  • Growing demand for vitamin supplements due to their benefits on overall human health

The vitamin K market is expected to grow significantly over the forecast period due to rising demand for vitamin supplements. A large body of clinical evidence supports the role of vitamins in overall health and their benefits to the human body, particularly the bones. This factor will drive sales of vitamin K-based products such as injections (pharmaceutical grade), oral supplements, food fortification, and dietary supplements

  • Growing deficiency among population due to unhealthy diet patterns and sedentary lifestyles

Lifestyle and dietary changes that cause vitamin K deficiency in both developed and developing countries will benefit industry growth in the coming years. People who lead sedentary lifestyles and consume a lot of junk food are more likely to develop chronic conditions that result in vitamin deficiencies. Menadione and phytonadione are fat-soluble compounds that are essential for the development of teeth and bones. It also stimulates blood clotting and coagulation-inhibiting factors. Thus, people suffering from coagulation disorders due to sedentary lifestyle and unhealthy diet patterns are suggested to consume menadione and phytonadione supplements as their daily part of diet. Aforementioned factors will accelerate the industry growth.

Opportunities

Rising health consciousness, changing dietary patterns, a hectic lifestyle, and increased demand for vitamin supplements in the face of rising cases of micronutrient deficiencies are also expected to drive market growth. Furthermore, the rising prevalence of diseases such as osteomalacia, osteoporosis, and rickets will provide ample opportunities for the growth of the vitamin K market during the forecast period.

Restraints

However, rising awareness about these side effects is likely to impede the growth of the vitamin K market during the forecast period.

This vitamin K market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vitamin K market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Vitamin K Market

The rising prevalence of COVID-19 is expected to have an impact on market growth during the forecast period. The COVID-19 crisis has had a direct and significant impact on the healthcare industry. Because of the sudden impact on the supply chain and restrictions imposed on manufacturing and supply operations during the early stages of the coronavirus outbreak, most pharmaceutical and nutraceutical companies experienced a slight loss in the first few quarters. However, COVID-19 has increased demand for nutraceuticals, including vitamin K, and several key players have seen positive sales growth as a result of the increased demand.

Recent Developments

  • Lesaffre acquired NattoPharma, a Vitamin K2 specialist, in May 2021, expanding its product portfolio in the human nutrition and health market. This acquisition also strengthened the company's Vitamin K research and marketing segment.
  • Kappa Bioscience plans to expand its operations in the United States in February 2021. The geographical expansion will increase the company's customer base and operational facilities, resulting in increased nutraceutical production.
  • Kappa Bioscience will launch an educational programme in May 2020 to provide information on scientific analysis, manufacturing, and formulation of dietary supplements such as Vitamin D3 and K2.

Global Vitamin K Market Scope

The vitamin K market is segmented on the basis of type, application, route of administration and mode of consumption. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Vitamin K1  
  • Vitamin K2

Application

  • Osteoporosis
  • Vitamin-K Dependent Clotting Factor Deficiency [VKCFD]
  • Dermal Applications
  • Prothrombin Deficiency
  • Vitamin K Deficiency Bleeding [VKDB]

Mode of consumption

  • Powder
  • Pills
  • Creams
  • Liquids

Route of administration

  • Oral
  • Topical
  • Parenteral

Vitamin K Market Regional Analysis/Insights

The vitamin K market is analysed and market size insights and trends are provided by country, type, application, route of administration and mode of consumption as referenced above.

The countries covered in the Vitamin K market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the vitamin K market due to rising health concerns and an increased patient pool suffering from vitamin deficiency in the region. From 2022 to 2029, North America is expected to grow due to increased application from the cosmetic and food and beverage industries, which will favour regional growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.    

Competitive Landscape and Vitamin K Market Share Analysis

The vitamin K market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vitamin K market.

Some of the major players operating in the vitamin K market are:

  • DSM (Netherlands)
  • BASF SE (Germany)
  • Lonza Group (Switzerland)
  • Glanbia Plc (Ireland)
  • ADM (U.S.)
  • Farbest Brands (U.S.)
  • SternVitamin GmbH & Co. K.G. (Germany)
  • Adisseo (France)
  • BTSA Biotechnologias Aplicadas S.L. (Spain)
  • Rabar Pty Ltd (Australia)


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Frequently Asked Questions

The Vitamin K Market value is expected USD 1346.24 million by 2029.
The Vitamin K Market is expected to grow at a rate of market is 6.80% during the forecast period of 2022 to 2029.
On the basis of application, the Vitamin K Market is segmented into Osteoporosis, Vitamin-K Dependent Clotting Factor Deficiency [VKCFD], Dermal Applications, Prothrombin Deficiency, Vitamin K Deficiency Bleeding [VKDB].
The major players operating in the Vitamin K Market are DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. K.G. (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain) and Rabar Pty Ltd (Australia).