Vitamin K2 Market is Projected to Expand at a 4.02% CAGR from 2019-2026

Vitamin K2 Market is Projected to Expand at a 4.02% CAGR from 2019-2026

Ÿ Base Year: 2018

Ÿ Estimated Year: 2019

Ÿ Forecast Period: 2019 to 2026

It is estimated that the CAGR (Compounded Annual Growth Rate) of the world market in the forecast period will reach 4.02%, and the total market value is expected to reach USD 49 million in 2026 from USD 37 million in 2019.

Vitamin K2 or menaquinone has nine related compounds, generally subdivided into the short-chain menaquinones (with MK-4 as the most important member) and the long-chain menaquinones, of which MK-7, MK-8 and MK-9 are nutritionally the most recognized.

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Key Players:

Key players in the Vitamin K2 market include Kappa Bioscience, NattoPharma, Gnosis, DSM, Viridis BioPharma, Frutarom, DuPont Nutrition & Health, GeneFerm Biotechnology, Shanghai Reson Biotech, Guangdong Goodscend, Seebio Biotech, Kyowa Hakko, etc.

Market Driver and Restraint

According to the report, the recent clinical research, growing consumer awareness, manufacturing efficiencies, and lower price-points are major factors accelerating the growth of the vitamin K2 market. Moreover, the vitamin K2 market is also likely to grow in the near future owing to its importance for bone and cardiovascular health.

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Forecast by Geography

In 2018, countries in Asia-Pacific like China, Japan, Korea, India and other countries in Southeast Asia accounted for approximately 33.20% of the overall market, followed by North America and Europe, accounting for 29.68% and 28.67% respectively.

As most of the Asian companies are formulating products to strengthen the market business position. The Asia-Pacific market is anticipated to grow at a higher rate during the forecast period. North America may witness significant gains over the forecast timeframe due to the rise in geriatric population along with reducing obesity in this region.

Type Segment Analysis

By product type, the Vitamin K2 market is segmented into MK-4, MK-7, and Others.

Application Segment Analysis

Vitamin K2 is widely used in Oil, Powder, and Other.

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Target Audience:

•    Vitamin K2 manufacturers

• Raw material suppliers of Vitamin K2

• Small and Medium-sized Enterprises (SMEs)

• Distributors and resellers of Vitamin K2

• Vitamin K2industry associations

• Product managers, Vitamin K2 industry administrator, C-level executives of the industries

• Market Research and consulting firms

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