Vitamin K2 Market Research Report, Mergers Latest Report Size, Share and Analysis 2023-2030
Market Overview:
The Vitamin K2 market is experiencing a robust growth
trajectory driven by an increasing awareness of its health benefits among
consumers. As a crucial nutrient for bone and cardiovascular health, Vitamin K2
has gained prominence in the health and wellness sector. The market is
witnessing a surge in demand, propelled by a growing aging population and a
rising focus on preventive healthcare. Key players in the industry are
consistently innovating to develop new formulations and products, contributing
to the overall expansion of the Vitamin K2 market. Additionally, the
integration of Vitamin K2 in various food and dietary supplements is further
fueling market growth.
Vitamin K2 market was USD 701.88 Million in 2022.It is
projected to reach USD 2,062.00 Million by 2030, indicating a CAGR of 14.6% during
the forecast period.
Market Key Players:
Anderson
Global Group, LLC, BASF SE, Kappa Bioscience (Balchem Corporation), Vox Nutrition,
Lesaffre , Purayati, Viridis BioPharma, Lexicare Pharma Pvt. Ltd., AdvaCare
Pharma, and Glanbia plc
Market key drivers :
The Vitamin
K2 market is thriving due to various factors. A key catalyst is the growing
recognition of Vitamin K2's impact on calcium metabolism, promoting bone
health. Given the increasing prevalence of osteoporosis and related disorders,
consumers are actively searching for products fortified with Vitamin K2.
Moreover, the global adoption of Vitamin K2 is surging, driven by heightened
awareness of its cardiovascular health benefits. Ongoing scientific research,
uncovering new therapeutic applications, is anticipated to sustain market
growth. The expanding consumer base, in pursuit of comprehensive health
solutions, further propels the market forward.
Market Segmentation:
By Type
·
MK-4
·
MK-7
·
and
Others
By Source
·
Natural
·
Synthetic
By Form
·
Capsules
·
Tablets
·
Powder
·
and Oil
By Application
·
Nutraceutical
·
Food
·
Pharmaceuticals
Products
Regional Analysis:
The North
American region is poised to achieve the highest Compound Annual Growth Rate
(CAGR) in the upcoming forecast period. This growth can be attributed to a
surge in the demand for processed food products that are both functional and
nutritionally enriched, coupled with a rising incidence of vitamin
deficiencies. A noteworthy example is the U.S., where, as per Statista's report
in 2019, the market for vitamin and mineral supplements reached approximately
USD 21.4 billion and is projected to escalate to USD 30.5 billion by 2025. This
substantial increase underscores the growing preference for vitamin
supplements, playing a pivotal role in propelling market expansion in the
region.
Click Here To Get: Vitamin K2 market Properties
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