Vitamin K2 Market
PUBLISHED: 2024 ID: SMRC26870
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Vitamin K2 Market

Vitamin K2 Market Forecasts to 2030 - Global Analysis By Product Type (MK-4, MK-7 and Other Product Types), Source (Natural and Synthetic), Form (Powder and Crystalline, Capsules and Tablets, Oils and Liquid), Distribution Channel, Application and Geography

4.1 (47 reviews)
4.1 (47 reviews)
Published: 2024 ID: SMRC26870

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $159.6 MN

Projected Year Value (2030)

US $574.7 MN

CAGR (2024-2030)

23.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Vitamin K2 Market is accounted for $159.6 million in 2024 and is expected to reach $574.7 million by 2030 growing at a CAGR of 23.8% during the forecast period. Vitamin K2 is a fat-soluble vitamin essential for blood clotting and bone metabolism. It plays a crucial role in activating proteins that regulate calcium distribution, directing it to bones and teeth while preventing arterial calcification. K2 supports cardiovascular health, bone strength, and dental health. They are found in fermented foods and animal products and are also available as supplements. The potential benefits for cognitive function and insulin sensitivity make it increasingly popular in health-conscious circles.  

Market Dynamics:

Driver: 

Growing health consciousness

Growing health consciousness drives the vitamin K2 market as consumers increasingly prioritize preventive healthcare and nutritional supplements. Vitamin K2 is recognized for its role in bone health, cardiovascular health, and potentially in other physiological functions. Rising awareness about the benefits of Vitamin K2 among health-conscious individuals and proactive healthcare initiatives contribute to market growth, fostering demand for supplements and fortified foods containing Vitamin K2.

Restraint:

Limited consumer awareness

Despite growing interest, limited consumer awareness about vitamin K2 remains a significant restraint on market growth. Many people are unfamiliar with Vitamin K2's specific benefits and how it differs from Vitamin K1. This lack of knowledge can lead to confusion and hesitation when purchasing vitamin K2 products. Additionally, healthcare professionals may not consistently recommend vitamin K2 supplements due to limited familiarity.

Opportunity:

Aging population

Technological advancements in sensor technology present significant opportunities for the Vitamin K2 market. Innovations such as wireless sensor networks, advanced pH, turbidity, and dissolved oxygen sensors enhance the accuracy and efficiency of Vitamin K2. These advancements enable real-time data collection and analysis, improving contamination detection and water quality management, thus driving market growth.

Threat:

Competition from other vitamins

Competition from other vitamins poses a significant threat to the vitamin K2 market. More established and well-known vitamins like vitamin D and calcium often overshadow vitamin K2 in the bone health segment. Consumers may prioritize these familiar nutrients over vitamin K2. Additionally, multivitamin formulations that claim to provide comprehensive nutrition can reduce the perceived need for standalone vitamin K2 supplements.

Covid-19 Impact: 

The COVID-19 pandemic initially disrupted the Vitamin K2 market through supply chain interruptions and reduced production. However, it also increased consumer focus on preventive health measures and immune support. This led to growing interest in vitamins and supplements, including Vitamin K2. The pandemic highlighted the importance of overall health and nutrition, potentially driving long-term growth in the Vitamin K2 market as consumers prioritize wellness.

The MK-7 segment is expected to be the largest during the forecast period

The MK-7 segment is anticipated to dominate the vitamin K2 market due to its superior bioavailability and longer half-life compared to other forms. MK-7 remains active in the body for a longer duration, providing sustained benefits. Its effectiveness in lower doses makes it attractive for supplement formulations. The growing body of research supporting MK-7's benefits for bone and cardiovascular health contributes to its market dominance. Consumers and manufacturers increasingly prefer the MK-7 for its proven efficacy, driving its larger market share.

The synthetic segment is expected to have the highest CAGR during the forecast period

The synthetic vitamin K2 segment is projected to experience the highest growth rate due to several factors. Synthetic production methods offer consistent quality, scalability, and cost-effectiveness compared to natural sources. This allows manufacturers to meet increasing demand while maintaining product stability. Synthetic vitamin K2 can be produced year-round, independent of natural source limitations. Advancements in production technologies are improving the purity and bioavailability of synthetic forms, making them increasingly comparable to natural sources. These factors contribute to the rapid growth of the synthetic segment.

Region with largest share:

Asia Pacific is poised to dominate the vitamin K2 market due to several factors. The region's large population and increasing health awareness drive demand for nutritional supplements. Countries like Japan have a long history of vitamin K2 consumption through traditional foods like natto. Growing disposable incomes and urbanization in countries like China and India are fueling the wellness industry. The presence of major vitamin K2 manufacturers in the region, coupled with a strong nutraceutical market, contributes to Asia Pacific's market leadership. Additionally, government initiatives promoting preventive healthcare support market growth.

Region with highest CAGR:

Asia Pacific is expected to maintain the highest growth rate in the vitamin K2 market. Rapid urbanization and changing lifestyles are increasing the prevalence of lifestyle-related health issues, driving demand for preventive supplements. The region's aging population, particularly in countries like Japan and South Korea, creates a growing market for bone and cardiovascular health products. Increasing consumer education about nutrition and wellness is boosting vitamin K2 awareness. The expanding middle class and rising healthcare expenditure in emerging economies contribute to the region's high growth rate in the vitamin K2 market.

Key players in the market

Some of the key players in Vitamin K2 market include Kappa Bioscience, Lesaffre, DSM Nutritional Products, NattoPharma, Kyowa Hakko Bio Co., Ltd., Viridis BioPharma, Seebio Biotech (Shanghai) Co., Ltd., Danisco A/S, Frutarom, Shandong Guangtongbao Pharmaceuticals Co., Ltd., GeneFerm Biotechnology Co., Ltd., Penglai Marine Bio-Tech Co., Ltd., Herbonutra, J-Oil Mills, Inc., Zhejiang Hisun Bio-Tech Co., Ltd., Yihai Kerry Group, Huazhong Pharmaceutical Co., Ltd. and NattoPharma ASA.

Key Developments:

In March 2024, Kyowa Hakko Bio, Co., Ltd. and Kyowa Hakko USA, Inc., a subsidiary of Kirin Holdings Co., has opened its expanded citicoline manufacturing facility at its Kyowa Hakko Bio Yamaguchi Production Center in Hofu City, Yamaguchi Prefecture, Japan. With the expanded facility, the Kirin Group is planning to integrate citicoline into upcoming product development initiatives, the company said. Kyowa Hakko Bio manufactures Cognizin, a citicoline brand, through a fermentation process for health food and pharmaceutical manufacturers.

In November 2023, Lesaffre is expanding its footprint in the United States through several capital investments and acquisitions. The company, which primarily focuses on yeast, bacteria and baking ingredients, is expanding into the nutrition, health and biotechnology sectors. With the expansion, the company is investing in both new equipment and R&D. Lesaffre has added a 10th fermentor for the Red Star Yeast, LLC yeast plant in Cedar Rapids, Iowa. At the same plant, the company also invested in a new dryer for its Phileo, Lesaffre business unit focused on animal nutrition and health customer demand, the company said.

In June 2022, Fermenta Biotech and Kappa Bioscience, a Norwegian entity, have announced a strategic partnership that positions Fermenta as the distributor of Kappa’s K2VITAL MCT and MCC range of vitamin K2 for the Indian market. The collaboration combines Kappa’s vitamin K2 manufacturing capabilities with Fermenta’s distribution network and market expertise in India.

Product Types Covered:
• MK-4
• MK-7
• Product Types

Sources Covered:
• Natural
• Synthetic

Forms Covered:
• Powder and Crystalline
• Capsules and Tablets
• Oils and Liquid

Distribution Channels Covered:
• Online Retail
• Brick-and-Mortar Retail
• Hospitals & Clinics

Applications Covered:
• Health Supplements
• Pharmaceuticals
• Functional Food and Beverages
• Cosmetics
• Nutraceuticals
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
         
2 Preface        
 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Product Analysis       
 3.7 Application Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
         
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Vitamin K2 Market, By Product Type        
 5.1 Introduction       
 5.2 MK-4       
 5.3 MK-7       
 5.4 Other Product Types       
         
6 Global Vitamin K2 Market, By Source        
 6.1 Introduction       
 6.2 Natural       
  6.2.1 Natto (Soybean Ferment)      
  6.2.2 Cheese      
  6.2.3 Eggs      
  6.2.4 Other Natural Sources      
 6.3 Synthetic       
         
7 Global Vitamin K2 Market, By Form        
 7.1 Introduction       
 7.2 Powder and Crystalline       
 7.3 Capsules and Tablets       
 7.4 Oils and Liquid       
         
8 Global Vitamin K2 Market, By Distribution Channel        
 8.1 Introduction       
 8.2 Online Retail       
 8.3 Brick-and-Mortar Retail       
  8.3.1 Pharmacies      
  8.3.2 Specialty Stores      
 8.4 Hospitals & Clinics       
         
9 Global Vitamin K2 Market, By Application        
 9.1 Introduction       
 9.2 Health Supplements       
 9.3 Pharmaceuticals       
 9.4 Functional Food and Beverages       
 9.5 Cosmetics       
 9.6 Nutraceuticals       
 9.7 Other Applications       
         
10 Global Vitamin K2 Market, By Geography        
 10.1 Introduction       
 10.2 North America       
  10.2.1 US      
  10.2.2 Canada      
  10.2.3 Mexico      
 10.3 Europe       
  10.3.1 Germany      
  10.3.2 UK      
  10.3.3 Italy      
  10.3.4 France      
  10.3.5 Spain      
  10.3.6 Rest of Europe      
 10.4 Asia Pacific       
  10.4.1 Japan      
  10.4.2 China      
  10.4.3 India      
  10.4.4 Australia      
  10.4.5 New Zealand      
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific      
 10.5 South America       
  10.5.1 Argentina      
  10.5.2 Brazil      
  10.5.3 Chile      
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia      
  10.6.2 UAE      
  10.6.3 Qatar      
  10.6.4 South Africa      
  10.6.5 Rest of Middle East & Africa      
         
11 Key Developments        
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions       
 11.5 Other Key Strategies       
         
12 Company Profiling        
 12.1 Kappa Bioscience       
 12.2 Lesaffre       
 12.3 DSM Nutritional Products       
 12.4 NattoPharma       
 12.5 Kyowa Hakko Bio Co., Ltd.       
 12.6 Viridis BioPharma       
 12.7 Seebio Biotech (Shanghai) Co., Ltd.       
 12.8 Danisco A/S       
 12.9 Frutarom       
 12.10 Shandong Guangtongbao Pharmaceuticals Co., Ltd.       
 12.11 GeneFerm Biotechnology Co., Ltd.       
 12.12 Penglai Marine Bio-Tech Co., Ltd.       
 12.13 Herbonutra       
 12.14 J-Oil Mills, Inc.       
 12.15 Zhejiang Hisun Bio-Tech Co., Ltd.       
 12.16 Yihai Kerry Group       
 12.17 Huazhong Pharmaceutical Co., Ltd.       
 12.18 NattoPharma ASA       
         
List of Tables         

1 Global Vitamin K2 Market Outlook, By Region (2022-2030) ($MN)        
2 Global Vitamin K2 Market Outlook, By Product Type (2022-2030) ($MN)        
3 Global Vitamin K2 Market Outlook, By MK-4 (2022-2030) ($MN)        
4 Global Vitamin K2 Market Outlook, By MK-7 (2022-2030) ($MN)        
5 Global Vitamin K2 Market Outlook, By Other Product Types (2022-2030) ($MN)        
6 Global Vitamin K2 Market Outlook, By Source (2022-2030) ($MN)        
7 Global Vitamin K2 Market Outlook, By Natural (2022-2030) ($MN)        
8 Global Vitamin K2 Market Outlook, By Natto (Soybean Ferment) (2022-2030) ($MN)        
9 Global Vitamin K2 Market Outlook, By Cheese (2022-2030) ($MN)        
10 Global Vitamin K2 Market Outlook, By Eggs (2022-2030) ($MN)        
11 Global Vitamin K2 Market Outlook, By Other Natural Sources (2022-2030) ($MN)        
12 Global Vitamin K2 Market Outlook, By Synthetic (2022-2030) ($MN)        
13 Global Vitamin K2 Market Outlook, By Form (2022-2030) ($MN)        
14 Global Vitamin K2 Market Outlook, By Powder and Crystalline (2022-2030) ($MN)        
15 Global Vitamin K2 Market Outlook, By Capsules and Tablets (2022-2030) ($MN)        
16 Global Vitamin K2 Market Outlook, By Oils and Liquid (2022-2030) ($MN)        
17 Global Vitamin K2 Market Outlook, By Distribution Channel (2022-2030) ($MN)        
18 Global Vitamin K2 Market Outlook, By Online Retail (2022-2030) ($MN)        
19 Global Vitamin K2 Market Outlook, By Brick-and-Mortar Retail (2022-2030) ($MN)        
20 Global Vitamin K2 Market Outlook, By Pharmacies (2022-2030) ($MN)        
21 Global Vitamin K2 Market Outlook, By Specialty Stores (2022-2030) ($MN)        
22 Global Vitamin K2 Market Outlook, By Hospitals & Clinics (2022-2030) ($MN)        
23 Global Vitamin K2 Market Outlook, By Application (2022-2030) ($MN)        
24 Global Vitamin K2 Market Outlook, By Health Supplements (2022-2030) ($MN)        
25 Global Vitamin K2 Market Outlook, By Pharmaceuticals (2022-2030) ($MN)        
26 Global Vitamin K2 Market Outlook, By Functional Food and Beverages (2022-2030) ($MN)        
27 Global Vitamin K2 Market Outlook, By Cosmetics (2022-2030) ($MN)        
28 Global Vitamin K2 Market Outlook, By Nutraceuticals (2022-2030) ($MN)        
29 Global Vitamin K2 Market Outlook, By Other Applications (2022-2030) ($MN)        
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.          

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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