Vitamin K Market , trends, share, industry size, growth, demand, opportunities and forecast by 2030

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Data Bridge Market Research analyses that the global vitamin K market, which was USD 841.47 million in 2022, is expected to reach USD 1,410.20 million by 2030, growing at a CAGR of 6.8% during the forecast period of 2023 to 2030.

Market Overview

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. The most important variants in this context are phylloquinone (K) and menaquinone (MK-n). Vitamin K is necessary for bone health and the prevention of osteoporosis.

Explore Further Details about This Research Vitamin K Market Report https://www.databridgemarketresearch.com/reports/global-vitamin-k-market

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 the Population due to Unhealthy Diet Patterns and Sedentary Lifestyles

Lifestyle and dietary changes that cause vitamin K deficiency in 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 lifestyles and unhealthy diet patterns are suggested to consume menadione and phytonadione supplements as their daily part of the diet. The aforementioned factors will accelerate the industry’s growth.

Opportunities

Rising Health Consciousness and Changing Dietary Patterns

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.

Some of the major players operating in the global 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)

Key questions answered in the Vitamin K Market are:

What is Vitamin K Market?
What was the Vitamin K Market size in 2022?
What are the different segments of the Vitamin K Market?
What growth strategies are the players considering to increase their presence in Vitamin K Market?
What are the upcoming industry applications and trends for the Vitamin K Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Vitamin K Market?
What major challenges could the Vitamin K Market face in the future?
What segments are covered in the Vitamin K Market?
Who are the leading companies and what are their portfolios in Vitamin K Market?
What segments are covered in the Vitamin K Market?
Who are the key players in the Vitamin K Market?