Vitamin K3 Market In-depth Analysis Report, Covering Companies Like Dirox, Oxyvit, Brother Enterprises, Vanetta, Peace Chemical, Zhenhua Chemical

Vitamin K3 Market In-depth Analysis Report, Covering Companies Like Dirox, Oxyvit, Brother Enterprises, Vanetta, Peace Chemical, Zhenhua Chemical

• Base Year: 2018

• Estimated Year: 2019

• Forecast Period: 2019 to 2026

Vitamins are important nutrients required for human body to maintain health. Vitamin K3 is also known as Menadione, which is an organic compound used as a nutritional supplement. Currently, it is being used in animal feed and pharmaceutical products as well as in the treatment of prostate cancer. It is used in combination with vitamin C to find an effective treatment for prostate cancer.

Market Snapshot

This report categorizes the market with various types, applications, companies, and regions. It focuses on the present scenario and the future growth of the global Vitamin K3 market, especially in regions like North America, Asia-Pacific, Europe, South America, Middle East and Africa.

According to the report, the vitamin K3 market is expected to grow from USD 117 million in 2019 to USD 144 million by 2026, growing at a CAGR of 3.10% from 2019 to 2026.

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Competitive Landscape

Dirox

Oxyvit

Brother Enterprises

Vanetta

Peace Chemical

Zhenhua Chemical

Chongqing Minfeng

Growth Driver

Surge in prevalence of various vitamin deficiency disorders and increase in awareness regarding vitamin supplements is expected to drive the growth of the vitamin K3 market. Furthermore, technological advancements in vitamin delivery systems is likely to boost the market’s growth. Yet, low product penetration in developing countries and strict regulations set by regulation authorities such as FDA may hinder the market’ growth.

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Regional Overview

In 2018, countries in Asia-Pacific like China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia, Japan, and other countries in Southeast Asia accounted for approximately 33.22% of the overall market, followed by North America (Mexico, Canada, and the USA) and Europe (France, Russia, UK, Germany, and Italy), accounting for 29.68% and 28.50% respectively. The Asia Pacific market is projected to grow at the highest CAGR from 2019 to 2026 due to the high incidences of regular and chronic diseases in this region.

Type Overview

Important types of the product covered in this report include MSB, MNB, MPB, and Other.

Application Overview

Based on application, this market is divided into Food and Medicine, Feed Additives, and Other.

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Target Audience:

• Vitamin K3 manufacturers

• Raw material suppliers of vitamin K3

• Analysts and strategic business planners

• Distributors and resellers of vitamin K3

•Vitamin K3 industry associations

• Product managers, vitamin K3 industry administrator, C-level executives of the industries

• Market Research and consulting firms

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