Vitamin K2 Market by Product Type (MK-4, MK-7), Source (Natural, Synthetic), Form (Capsules & Tablets, Powder & Crystalline, Oils & Liquid), Application (Pharmaceutical, Functional Food & Beverages, Health Supplements), Function

The global vitamin K2 market is estimated to be valued at USD 140 million in 2024 and is projected to reach USD 265 million by 2029 at a CAGR of 13.7%. The growth of the Vitamin K2 market is propelled by advancements in research and development. Ongoing studies continue to uncover new health benefits and potential applications for Vitamin K2, thereby expanding its appeal. These emerging benefits contribute to a broader consumer base and create new opportunities for product innovation in the nutraceutical and functional food sectors.

Furthermore, market growth is facilitated by increasing consumer awareness and education. Campaigns and informational resources provided by health organizations and supplement manufacturers have significantly raised awareness about the importance of Vitamin K2. This has led to higher consumer confidence and an uptick in the consumption of Vitamin K2-enriched products. Additionally, the trend towards personalized nutrition, where consumers seek tailored dietary solutions to meet their specific health needs, has spurred demand for Vitamin K2 supplements.

During the forecast period, the health supplements segment in applications emerges as the dominant segment in the vitamin K2 market.

This trend is largely driven by the increasing consumer inclination towards preventive healthcare and wellness. As individuals become more aware of the long-term benefits of maintaining bone and cardiovascular health, the demand for effective and reliable supplements has surged. Vitamin K2, known for its crucial role in calcium metabolism and cardiovascular protection, is gaining significant traction among health-conscious consumers.

One of the primary reasons for the dominance of the health supplements segment is the growing body of scientific evidence supporting the efficacy of Vitamin K2. Numerous studies have highlighted its role in promoting bone density and preventing arterial calcification, thereby reducing the risk of osteoporosis and cardiovascular diseases. These benefits are particularly appealing to aging populations, who are more susceptible to these conditions. As a result, Vitamin K2 supplements have become a popular choice among older adults looking to enhance their health and quality of life.

Powder & Crystalline form is the dominant market in the vitamin K2 market.

The powder & crystalline form of Vitamin K2 is emerging as the dominant segment in the Vitamin K2 market, driven by its versatile applications and numerous advantages over other forms. This trend reflects a growing preference for powdered supplements in both the consumer and industrial markets, underscoring the convenience, stability, and efficacy that powdered Vitamin K2 offers.

The factor contributing to the dominance of the powder form in the Vitamin K2 market is its exceptional versatility. Vitamin K2 powder can be easily incorporated into a wide range of products, including dietary supplements, functional foods, and beverages. This adaptability allows manufacturers to create a diverse array of Vitamin K2-enriched products, catering to various consumer preferences and dietary needs. For example, powdered Vitamin K2 can be seamlessly blended into protein shakes, nutritional bars, dairy products, and even baked goods, making it a suitable choice for both health enthusiasts and the general population.

The break-up of the profile of primary participants in the vitamin K2 market:

By Company Type: Tier 1 - 35%, Tier 2 - 30%, and Tier 3 - 35%
By Designation: C Level - 22%, Director Level - 33%, Others - 45%
By Region: North America - 17%, Europe - 26%, Asia Pacific - 38%, and Rest of the World - 19%

Prominent companies include Gnosis by Lesaffre (NattoPharma) (France), Kappa Bioscience AS (Balchem Corp.) (US), J-OIL MILLS INC. (Japan), Novozymes A/S (Denmark), BASF SE (Germany), Sungen Bioscience Co.,Ltd. (China), Vesta Nutra (US), Richen Nutritional Technology Co., Ltd. (China), Menadiona (Spain), and GENOFOCUS (Korea) among others.

Research Coverage:

This research report categorizes the vitamin K2 market by Product Type (MK-4, MK-7), Source (Natural, Synthetic), Form (Capsules & Tablets, Powder & Crystalline, Oils & Liquid), Application (Pharmaceuticals, Functional Food & Beverages, Health Supplements), and Region (North America, Europe, Asia Pacific, and Rest of the World).

The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the vitamin K2 market. It also provides a detailed analysis of the major players in the market, including their business overview, products offered, key strategies, partnerships, new product launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the vitamin K2 market is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall vitamin K2 market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Growth in health consciousness among consumers and increasing health expenditure, and Increase in research and application of vitamin K2), restraints (Inconsistency in regulatory norms governing vitamin K2, and Price volatility of raw materials), opportunities (Growing demand for natural and functional foods, Demand for personalized nutrition and tailored menaquinone products, and Untapped vitamin K2 applications), and challenges (Lack of consumer awareness regarding benefits specific to vitamin K2, and High research and development costs) influencing the growth of the vitamin K2 market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the vitamin K2 market.
Market Development: Comprehensive information about lucrative markets - the report analyses the vitamin K2 market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the vitamin K2 market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Gnosis by Lesaffre (NattoPharma) (France), Kappa Bioscience AS (Balchem Corp.) (US), J-OIL MILLS INC. (Japan), Novozymes A/S (Denmark), BASF SE (Germany), Sungen Bioscience Co.,Ltd. (China), Vesta Nutra (US), Richen Nutritional Technology Co., Ltd. (China), Menadiona (Spain), and GENOFOCUS (Korea), among others in the vitamin K2 market strategies. The report also helps stakeholders understand the vitamin K2 market and provides them with information on key market drivers, restraints, challenges, and opportunities.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
Table 1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Unit Considered
1.4.1 Currency Unit
Table 2 USD Exchange Rates, 2020-2023
1.4.2 Volume Unit
1.5 Stakeholders
1.6 Recession Impact

2 Research Methodology

2.1 Research Data
Figure 1 Vitamin K2 Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Insights from Industry Experts
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Top-Down Approach
Figure 2 Vitamin K2 Market Size Estimation: Top-Down Approach
2.2.2 Supply-Side Analysis
Figure 3 Vitamin K2 Market Size Calculation: Supply-Side Analysis
2.2.3 Bottom-Up Approach
Figure 4 Vitamin K2 Market Size Estimation: Bottom-Up Approach
2.3 Data Triangulation
Figure 5 Data Triangulation
2.4 Research Assumptions
2.5 Limitations and Risk Assessment
2.6 Recession Impact Analysis
2.6.1 Recession Macroindicators
Figure 6 Indicators of Recession
Figure 7 Global Inflation Rate, 2012-2022
Figure 8 Global Gross Domestic Product, 2012-2022 (USD Trillion)
Figure 9 Recession Indicators and Their Impact on Vitamin K2 Market
Figure 10 Global Vitamin K2 Market: Current Forecast vs. Recession Forecast

3 Executive Summary

Table 3 Vitamin K2 Market Snapshot, 2024 vs. 2029
Figure 11 Mk-7 Segment to Hold Larger Market Size in 2024
Figure 12 Powder and Crystalline to be Largest Application Form Segment in 2024
Figure 13 Natural Source Segment to Dominate Market in 2024
Figure 14 Pharmaceuticals Application Segment to Exhibit Highest CAGR During Forecast Period
Figure 15 Asia-Pacific Held Largest Market Share in 2023

4 Premium Insights

4.1 Attractive Opportunities for Players in Vitamin K2 Market
Figure 16 Growing Consumer Preferences for Natural and Organic Products to Drive Demand for Vitamin K2
4.2 Asia-Pacific: Vitamin K2 Market, by Product Type and Key Country
Figure 17 Mk-7 Segment and China to Account for Significant Market Shares in 2024
4.3 Vitamin K2 Market: Share of Major Regional Submarkets
Figure 18 US Accounted for Largest Share in 2023
4.4 Vitamin K2 Market, by Product Type and Region
Figure 19 Mk-7 Segment to Dominate Market During Forecast Period
4.5 Vitamin K2 Market, by Application Form
Figure 20 Powder and Crystalline Segment to Lead Market During Forecast Period
4.6 Vitamin K2 Market, by Source
Figure 21 Natural Segment to Account for Larger Market Size During Forecast Period
4.7 Vitamin K2 Market, by Application
Figure 22 Health Supplements Segment to Dominate Market During Forecast Period

5 Market Overview

5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Rising GDP and Population
Figure 23 Global Population Growth, 1950-2050 (Billion)
Figure 24 GDP Growth, 2016-2023 (USD Trillion)
5.2.2 Rise in Health Concerns and Disease Incidences
Figure 25 Global Trends in Deaths due to Cvd, 1990-2030
5.2.3 Increase in Consumption of Dietary Fibers
5.3 Market Dynamics
Figure 26 Vitamin K2 Market: Market Dynamics
5.3.1 Drivers
5.3.1.1 Rising Health Consciousness Among Consumers
Figure 27 Oecd Health Spending as Share of GDP, 2017-2021
5.3.1.2 Growing Research and Development Activities
Figure 28 Global Expansion of Vitamin K2 Research Over Three Decades (1990-2020)
5.3.2 Restraints
5.3.2.1 Inconsistency in Regulatory Norms
5.3.2.2 Price Volatility of Raw Materials
5.3.3 Opportunities
5.3.3.1 Growing Demand for Natural and Plant-based Ingredients
5.3.3.2 Rising Need for Personalized Nutrition and Customized Products
5.3.3.3 Untapped Applications
5.3.4 Challenges
5.3.4.1 Lack of Consumer Awareness Regarding Specific Health Benefits
5.3.4.2 High Research and Development Costs

6 Industry Trends

6.1 Introduction
6.2 Supply Chain Analysis
Figure 29 Vitamin K2 Market: Supply Chain Analysis
6.3 Value Chain Analysis
Figure 30 Value Chain Analysis: Vitamin K2 Market
6.3.1 Raw Material Sourcing
6.3.2 Manufacturing and Processing
6.3.2.1 Product Formulation and Development
6.3.3 Quality Assurance and Certification
6.3.4 Marketing and Distribution
6.4 Trade Analysis
6.4.1 Export Scenario
Figure 31 Export Value of Vitamins and Their Derivatives (HS Code 293629) for Key Countries, 2019-2023 (USD Thousand)
6.4.2 Import Scenario
Figure 32 Import Value of Vitamins and Their Derivatives (HS Code 293629) for Key Countries, 2019-2023 (USD Thousand)
Table 4 Top 10 Exporters of Vitamins and Their Derivatives (HS Code 293629), 2019-2023 (USD Thousand)
Table 5 Top 10 Exporters of Vitamins and Their Derivatives (HS Code 293629), 2019-2023 (Ton)
Table 6 Top 10 Importers of Vitamins and Their Derivatives (HS Code 293629), 2019-2023 (USD Thousand)
Table 7 Top 10 Importers of Vitamins and Their Derivatives (HS Code 293629), 2019-2023 (Ton)
6.5 Technology Analysis
6.5.1 Key Technology
6.5.1.1 Fermentation Technology
6.5.2 Complementary Technology
6.5.2.1 Encapsulation Technology
6.5.3 Adjacent Technology
6.5.3.1 Biotechnology
6.6 Pricing Analysis
6.6.1 Average Selling Price Trend of Key Players, by Product Type
Table 8 Average Selling Price (ASP), by Product Type, 2020-2023 (USD/Ton)
Figure 33 Average Selling Price Trend, by Product Type, 2020-2023 (USD/Ton)
6.6.2 Average Selling Price Trend of Key Players, by Region
Table 9 Average Selling Price (ASP), by Region, 2020-2023 (USD/Ton)
6.7 Ecosystem Analysis
6.7.1 Demand Side
6.7.2 Supply Side
Figure 34 Key Players in Vitamin K2 Ecosystem
Table 10 Vitamin K2 Market Ecosystem
6.8 Trends/Disruptions Impacting Customers’ Businesses
Figure 35 Trends/Disruptions Impacting Customers’ Businesses
6.9 Patent Analysis
Figure 36 Number of Patents Granted for Vitamin K2 Market, 2013-2023
Figure 37 Regional Analysis of Patents Granted for Vitamin K2 Market, 2013-2023
6.9.1 List of Major Patents
Table 11 List of Major Patents Pertaining to Vitamin K2, 2020-2023
6.10 Key Conferences and Events, 2024-2025
Table 12 Vitamin K2 Market: Key Detailed List of Conferences and Events, 2024-2025
6.11 Regulatory Landscape
6.11.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
6.11.1.1 Regulations in North America
6.11.1.1.1 US
6.11.1.1.2 Canada
6.11.1.2 Regulations in Europe
6.11.1.3 Regulations in Asia-Pacific
6.11.1.3.1 China
6.11.1.3.2 India
6.12 Porter's Five Forces Analysis
Table 16 Impact of Porter's Five Forces on Vitamin K2 Market
Figure 38 Porter's Five Forces Analysis: Vitamin K2 Market
6.12.1 Intensity of Competitive Rivalry
6.12.2 Bargaining Power of Suppliers
6.12.3 Bargaining Power of Buyers
6.12.4 Threat of New Entrants
6.12.5 Threat of Substitutes
6.13 Key Stakeholders and Buying Criteria
6.13.1 Key Stakeholders in Buying Process
Figure 39 Influence of Stakeholders on Buying Process for Vitamin K2 Product Types
Table 17 Influence of Stakeholders on Buying Process for Vitamin K2 Product Types
6.13.2 Buying Criteria
Figure 40 Key Buying Criteria for Vitamin K2 Product Types
Table 18 Key Buying Criteria for Vitamin K2 Product Types
6.14 Case Study Analysis
6.14.1 Establishing Distinct Recommended Dietary Intake to Promote Healthier Dietary Choices
6.14.2 Enhancing Ability in Nutraceutical Formulations for Improved Quality and Efficacy
6.15 Investment and Funding Scenario
Figure 41 Investment and Funding Scenario, 2019-2024 (USD Million)

7 Vitamin K2 Market, by Function

7.1 Introduction
7.2 Bone and Cardiovascular Health
7.2.1 Comprehensive Health Benefits to Drive Market
7.3 Blood Health and Clotting
7.3.1 Efficacy in Managing Clotting Disorders to Boost Market Growth
7.4 Anti-Inflammatory and Immunity
7.4.1 Therapeutic Potential and Immunity-Supporting Properties to Support Market Growth
7.5 Other Functions

8 Vitamin K2 Market, by Product Type

8.1 Introduction
Table 19 Product Type: Overview
Figure 42 Mk-7 Segment to Account for Largest Market Size During Forecast Period
Table 20 Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 21 Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
Table 22 Vitamin K2 Market, by Product Type, 2020-2023 (Ton)
Table 23 Vitamin K2 Market, by Product Type, 2024-2029 (Ton)
8.2 Mk-4
8.2.1 Potential Benefits in Bone and Cardiovascular Health to Drive Market Growth
Table 24 Mk-4: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 25 Mk-4: Vitamin K2 Market, by Region, 2024-2029 (USD Million)
Table 26 Mk-4: Vitamin K2 Market, by Region, 2020-2023 (Ton)
Table 27 Mk-4: Vitamin K2 Market, by Region, 2024-2029 (Ton)
8.3 Mk-7
8.3.1 High Bioavailability to Propel Market Growth
Table 28 Mk-7: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 29 Mk-7: Vitamin K2 Market, by Region, 2024-2029 (USD Million)
Table 30 Mk-7: Vitamin K2 Market, by Region, 2020-2023 (Ton)
Table 31 Mk-7: Vitamin K2 Market, by Region, 2024-2029 (Ton)

9 Vitamin K2 Market, by Application Form

9.1 Introduction
Figure 43 Powder and Crystalline Segment to Dominate Market During Forecast Period
Table 32 Vitamin K2 Market, by Application Form, 2020-2023 (USD Million)
Table 33 Vitamin K2 Market, by Application Form, 2024-2029 (USD Million)
9.2 Capsules and Tablets
9.2.1 Ability to Cater to Diverse Consumer Needs and Preferences to Drive Market
Table 34 Capsules and Tablets: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 35 Capsules and Tablets: Vitamin K2 Market, by Region, 2024-2029 (USD Million)
9.3 Powder and Crystalline
9.3.1 Surging Demand for Customizable Dosages and High Purity to Propel Market Growth
Table 36 Powder and Crystalline: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 37 Powder and Crystalline: Vitamin K2 Market, by Region, 2024-2029 (USD Million)
9.4 Liquids
9.4.1 Growing Need for Supplements with Enhanced Bioavailability to Boost Segment Growth
Table 38 Liquids: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 39 Liquids: Vitamin K2 Market, by Region, 2024-2029 (USD Million)

10 Vitamin K2 Market, by Source

10.1 Introduction
Figure 44 Natural Segment to Account for Largest Market Size During Forecast Period
Table 40 Vitamin K2 Market: by Source, 2020-2023 (USD Million)
Table 41 Vitamin K2 Market, by Source, 2024-2029 (USD Million)
10.2 Natural
10.2.1 Increasing Consumer Preference for Non-Gmo Supplements to Boost Market Growth
Table 42 Natural: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 43 Natural: Vitamin K2 Market, by Region, 2024-2029 (USD Million)
10.3 Synthetic
10.3.1 Low Production Cost to Drive Market
Table 44 Synthetic: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 45 Synthetic: Vitamin K2 Market, by Region, 2024-2029 (USD Million)

11 Vitamin K2 Market, by Application

11.1 Introduction
Table 46 Application: Overview
Figure 45 Health Supplements Segment to Account for Largest Market Size During Forecast Period
Table 47 Vitamin K2 Market: by Application, 2020-2023 (USD Million)
Table 48 Vitamin K2 Market, by Application, 2024-2029 (USD Million)
11.2 Pharmaceuticals
11.2.1 Rising Government Investments in Development of New Formulations to Drive Market
Table 49 Pharmaceuticals: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 50 Pharmaceuticals: Vitamin K2 Market, by Region, 2024-2029 (USD Million)
11.3 Functional Foods and Beverages
11.3.1 Growing Demand for Fortified Functional Foods to Propel Market Growth
Table 51 Functional Foods and Beverages: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 52 Functional Foods and Beverages: Vitamin K2 Market, by Region, 2024-2029 (USD Million)
11.4 Health Supplements
11.4.1 Increased Awareness Regarding Associated Health Benefits to Drive Market
Table 53 Health Supplements: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 54 Health Supplements: Vitamin K2 Market, by Region, 2024-2029 (USD Million)

12 Vitamin K2 Market, by Region

12.1 Introduction
Figure 46 Italy to Grow at Highest CAGR During Forecast Period
Table 55 Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 56 Vitamin K2 Market, by Region, 2024-2029 (USD Million)
Table 57 Vitamin K2 Market, by Region, 2020-2023 (Ton)
Table 58 Vitamin K2 Market, by Region, 2024-2029 (Ton)
12.2 North America
Table 59 North America: Vitamin K2 Market, by Country, 2020-2023 (USD Million)
Table 60 North America: Vitamin K2 Market, by Country, 2024-2029 (USD Million)
Table 61 North America: Vitamin K2 Market, by Country, 2020-2023 (Ton)
Table 62 North America: Vitamin K2 Market, by Country, 2024-2029 (Ton)
Table 63 North America: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 64 North America: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
Table 65 North America: Vitamin K2 Market, by Product Type, 2020-2023 (Ton)
Table 66 North America: Vitamin K2 Market, by Product Type, 2024-2029 (Ton)
Table 67 North America: Vitamin K2 Market, by Application Form, 2020-2023 (USD Million)
Table 68 North America: Vitamin K2 Market, by Application Form, 2024-2029 (USD Million)
Table 69 North America: Vitamin K2 Market, by Source, 2020-2023 (USD Million)
Table 70 North America: Vitamin K2 Market, by Source, 2024-2029 (USD Million)
Table 71 North America: Vitamin K2 Market, by Application, 2020-2023 (USD Million)
Table 72 North America: Vitamin K2 Market, by Application, 2024-2029 (USD Million)
12.2.1 North America: Recession Impact Analysis
Figure 47 Inflation in North America: Country-Level Data, 2017-2022
Figure 48 North America: Vitamin K2 Market, Recession Impact Analysis
12.2.2 US
12.2.2.1 Growing Awareness Regarding Importance of Preventive Health Measures to Drive Market
Table 73 US: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 74 US: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.2.3 Canada
12.2.3.1 Increasing Focus on Preventive Healthcare and Natural Products to Propel Market
Table 75 Canada: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 76 Canada: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.2.4 Mexico
12.2.4.1 High Prevalence of Chronic Lifestyle Diseases to Drive Market
Table 77 Mexico: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 78 Mexico: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.3 Europe
Figure 49 Europe: Vitamin K2 Market Snapshot
Table 79 Europe: Vitamin K2 Market, by Country, 2020-2023 (USD Million)
Table 80 Europe: Vitamin K2 Market, by Country, 2024-2029 (USD Million)
Table 81 Europe: Vitamin K2 Market, by Country, 2020-2023 (Ton)
Table 82 Europe: Vitamin K2 Market, by Country, 2024-2029 (Ton)
Table 83 Europe: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 84 Europe: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
Table 85 Europe: Vitamin K2 Market, by Product Type, 2020-2023 (Ton)
Table 86 Europe: Vitamin K2 Market, by Product Type, 2024-2029 (Ton)
Table 87 Europe: Vitamin K2 Market, by Application Form, 2020-2023 (USD Million)
Table 88 Europe: Vitamin K2 Market, by Application Form, 2024-2029 (USD Million)
Table 89 Europe: Vitamin K2 Market, by Source, 2020-2023 (USD Million)
Table 90 Europe: Vitamin K2 Market, by Source, 2024-2029 (USD Million)
Table 91 Europe: Vitamin K2 Market, by Application, 2020-2023 (USD Million)
Table 92 Europe: Vitamin K2 Market, by Application, 2024-2029 (USD Million)
12.3.1 Europe: Recession Impact Analysis
Figure 50 Inflation in Europe: Country-Level Data, 2017-2022
Figure 51 Europe: Vitamin K2 Market, Recession Impact Analysis
12.3.2 Germany
12.3.2.1 Rising Focus on Proactive Healthcare to Drive Market
Table 93 Germany: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 94 Germany: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.3.3 France
12.3.3.1 Innovative Products and Investments in Research and Development to Boost Market Growth
Table 95 France: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 96 France: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.3.4 UK
12.3.4.1 Rapidly Aging Population to Propel Market Growth
Table 97 UK: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 98 UK: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.3.5 Italy
12.3.5.1 Evolving Dietary Preferences to Boost Market Growth
Table 99 Italy: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 100 Italy: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.3.6 Spain
12.3.6.1 Growing Consumer Interest in Health Supplements to Propel Drive Demand
Table 101 Spain: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 102 Spain: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.3.7 Rest of Europe
Table 103 Rest of Europe: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 104 Rest of Europe: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.4 Asia-Pacific
Figure 52 Asia-Pacific Vitamin K2 Market Snapshot
Table 105 Asia-Pacific: Vitamin K2 Market, by Country, 2020-2023 (USD Million)
Table 106 Asia-Pacific: Vitamin K2 Market, by Country, 2024-2029 (USD Million)
Table 107 Asia-Pacific: Vitamin K2 Market, by Country, 2020-2023 (Ton)
Table 108 Asia-Pacific: Vitamin K2 Market, by Country, 2024-2029 (Ton)
Table 109 Asia-Pacific: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 110 Asia-Pacific: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
Table 111 Asia-Pacific: Vitamin K2 Market, by Product Type, 2020-2023 (Ton)
Table 112 Asia-Pacific: Vitamin K2 Market, by Product Type, 2024-2029 (Ton)
Table 113 Asia-Pacific: Vitamin K2 Market, by Application Form, 2020-2023 (USD Million)
Table 114 Asia-Pacific: Vitamin K2 Market, by Application Form, 2024-2029 (USD Million)
Table 115 Asia-Pacific: Vitamin K2 Market, by Source, 2020-2023 (USD Million)
Table 116 Asia-Pacific: Vitamin K2 Market, by Source, 2024-2029 (USD Million)
Table 117 Asia-Pacific: Vitamin K2 Market, by Application, 2020-2023 (USD Million)
Table 118 Asia-Pacific: Vitamin K2 Market, by Application, 2024-2029 (USD Million)
12.4.1 Asia-Pacific: Recession Impact Analysis
Figure 53 Inflation in Asia-Pacific: Country-Level Data, 2017-2022
Figure 54 Asia-Pacific: Vitamin K2 Market, Recession Impact Analysis
12.4.2 China
12.4.2.1 Surging Use of Digital Media to Disseminate Healthcare Information to Propel Market
Table 119 China: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 120 China: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.4.3 Japan
12.4.3.1 Consumer Preferences for Natural Healthcare Solutions to Boost Market Growth
Table 121 Japan: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 122 Japan: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.4.4 India
12.4.4.1 Strategic Market Penetration Initiatives by Various Companies to Drive Market
Table 123 India: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 124 India: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.4.5 Australia and New Zealand
12.4.5.1 Changing Consumer Preferences and Increasing Health Consciousness to Drive Demand
Table 125 Australia and New Zealand: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 126 Australia and New Zealand: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.4.6 Rest of Asia-Pacific
Table 127 Rest of Asia-Pacific: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 128 Rest of Asia-Pacific: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.5 RoW
Table 129 RoW: Vitamin K2 Market, by Region, 2020-2023 (USD Million)
Table 130 RoW: Vitamin K2 Market, by Region, 2024-2029 (USD Million)
Table 131 RoW: Vitamin K2 Market, by Region, 2020-2023 (Ton)
Table 132 RoW: Vitamin K2 Market, by Region, 2024-2029 (Ton)
Table 133 RoW: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 134 RoW: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
Table 135 RoW: Vitamin K2 Market, by Product Type, 2020-2023 (Ton)
Table 136 RoW: Vitamin K2 Market, by Product Type, 2024-2029 (Ton)
Table 137 RoW: Vitamin K2 Market, by Application Form, 2020-2023 (USD Million)
Table 138 RoW: Vitamin K2 Market, by Application Form, 2024-2029 (USD Million)
Table 139 RoW: Vitamin K2 Market, by Source, 2020-2023 (USD Million)
Table 140 RoW: Vitamin K2 Market, by Source, 2024-2029 (USD Million)
Table 141 RoW: Vitamin K2 Market, by Application, 2020-2023 (USD Million)
Table 142 RoW: Vitamin K2 Market, by Application, 2024-2029 (USD Million)
12.5.1 RoW: Recession Impact Analysis
Figure 55 Inflation in RoW, Country-Level Data, 2017-2022
Figure 56 RoW: Vitamin K2 Market, Recession Impact Analysis
12.5.2 South America
12.5.2.1 Collaboration Among Key Market Players to Drive Market Growth
Table 143 South America: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 144 South America: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)
12.5.3 Middle East and Africa
12.5.3.1 Developing Regulatory Landscape to Propel Market Growth
Table 145 Middle East and Africa: Vitamin K2 Market, by Product Type, 2020-2023 (USD Million)
Table 146 Middle East and Africa: Vitamin K2 Market, by Product Type, 2024-2029 (USD Million)

13 Competitive Landscape

13.1 Overview
13.2 Key Player Strategies/Right to Win
Table 147 Overview of Strategies Adopted by Key Vitamin K2 Vendors
13.3 Revenue Analysis
Figure 57 Revenue Analysis for Key Companies in Last Three Years, 2021-2023 (USD Million)
13.4 Market Share Analysis
Figure 58 Share of Leading Companies in Vitamin K2 Market, 2023
Table 148 Vitamin K2 Market: Degree of Competition
13.5 Company Valuation and Financial Metrics
13.5.1 Company Valuation
Figure 59 Company Valuation of Key Vitamin K2 Vendors, 2023 (USD Billion)
13.5.2 EV/EBITDA
Figure 60 EV/EBITDA of Key Companies, 2023
13.6 Brand/Product Comparison Analysis
Figure 61 Brand/Product Comparison Analysis, by Product Type
13.6.1 Menaquingold
13.6.2 Menaq7
13.6.3 K2Vital
13.6.4 Vitamk7
13.6.5 Menatto
13.7 Company Evaluation Matrix: Key Players, 2023
13.7.1 Stars
13.7.2 Emerging Leaders
13.7.3 Pervasive Players
13.7.4 Participants
Figure 62 Vitamin K2 Market: Company Evaluation Matrix (Key Players), 2023
13.7.5 Company Footprint: Key Players, 2023
13.7.5.1 Company Footprint
Figure 63 Vitamin K2 Market: Company Footprint
13.7.5.2 Regional Footprint
Table 149 Vitamin K2 Market: Regional Footprint
13.7.5.3 Product Type Footprint
Table 150 Vitamin K2 Market: Product Type Footprint
13.7.5.4 Application Footprint
Table 151 Vitamin K2 Market: Application Footprint
13.7.5.5 Source Footprint
Table 152 Vitamin K2 Market: Source Footprint
13.8 Company Evaluation Matrix: Startups/SMEs, 2023
13.8.1 Progressive Companies
13.8.2 Responsive Companies
13.8.3 Dynamic Companies
13.8.4 Starting Blocks
Figure 64 Vitamin K2 Market: Company Evaluation Matrix (Startups/SMEs), 2023
13.8.5 Competitive Benchmarking
13.8.5.1 Detailed List of Key Startups/SMEs
Table 153 Vitamin K2 Market: Detailed List of Key Startups/SMEs, 2023
13.8.5.2 Competitive Benchmarking of Key Startup/SMEs
Table 154 Vitamin K2 Market: Competitive Benchmarking of Key Startup/SMEs
13.9 Competitive Scenario and Trends
13.9.1 Product Launches and Developments
Table 155 Vitamin K2 Market: Product Launches and Developments, January 2020-June 2024
13.9.2 Deals
Table 156 Vitamin K2 Market: Deals, January 2020-June 2024
13.9.3 Expansions
Table 157 Vitamin K2 Market: Expansions, January 2020-June 2024
13.9.4 Others
Table 158 Vitamin K2 Market: Other Developments, January 2020 - June 2024

14 Company Profiles

14.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices, and Weaknesses and Competitive Threats)*
14.1.1 Gnosis by Lesaffre (Nattopharma)
Table 159 Gnosis by Lesaffre (Nattopharma): Company Overview
Table 160 Gnosis by Lesaffre (Nattopharma): Products/Solutions/Services Offered
Table 161 Gnosis by Lesaffre (Nattopharma): Product Launches and Developments
Table 162 Gnosis by Lesaffre (Nattopharma): Deals
Table 163 Gnosis by Lesaffre (Nattopharma): Other Deals/Developments
14.1.2 Kappa Bioscience as (Balchem Corp.)
Table 164 Kappa Bioscience as (Balchem Corp.): Company Overview
Figure 65 Kappa Bioscience as (Balchem Corp.): Company Snapshot
Table 165 Kappa Bioscience as (Balchem Corp.): Products/Solutions/Services Offered
Table 166 Kappa Bioscience as (Balchem Corp.): Product Launches and Developments
Table 167 Kappa Bioscience as (Balchem Corp.): Deals
Table 168 Kappa Bioscience as (Balchem Corp.): Expansions
Table 169 Kappa Bioscience as (Balchem Corp.): Other Deals/Developments
14.1.3 J-Oil Mills, Inc.
Table 170 J-Oil Mills, Inc.: Company Overview
Figure 66 J-Oil Mills, Inc.: Company Snapshot
Table 171 J-Oil Mills, Inc.: Products/Solutions/Services Offered
Table 172 J-Oil Mills, Inc.: Product Launches and Developments
Table 173 J-Oil Mills, Inc.: Deals
14.1.4 Novozymes A/S
Table 174 Novozymes A/S: Company Overview
Figure 67 Novozymes A/S: Company Snapshot
Table 175 Novozymes A/S: Products/Solutions/Services Offered
Table 176 Novozymes A/S: Deals
14.1.5 BASF SE
Table 177 BASF SE: Company Overview
Figure 68 BASF SE: Company Snapshot
Table 178 BASF SE: Products/Solutions/Services Offered
14.1.6 Sungen Bioscience Co.,Ltd
Table 179 Sungen Bioscience Co.,Ltd.: Company Overview
Table 180 Sungen Bioscience Co.,Ltd.: Products/Solutions/Services Offered
14.1.7 Vesta Nutra
Table 181 Vesta Nutra: Company Overview
Table 182 Vesta Nutra: Products/Solutions/Services Offered
14.1.8 Richen Nutritional Technology Co. Ltd.
Table 183 Richen Nutritional Technology Co. Ltd.: Company Overview
Table 184 Richen Nutritional Technology Co. Ltd.: Products/Solutions/Services Offered
Table 185 Richen Nutritional Technology Co. Ltd.: Other Developments
14.1.9 Menadiona
Table 186 Menadiona: Company Overview
Table 187 Menadiona: Products/Solutions/Services Offered
Table 188 Menadiona: Product Launches and Developments
14.1.10 Genofocus
Table 189 Genofocus: Company Overview
Table 190 Genofocus: Products/Solutions/Services Offered
Table 191 Genofocus: Product Launches and Developments
14.1.11 Angelyeast Co. Ltd.
Table 192 Angelyeast Co. Ltd.: Company Overview
Table 193 Angelyeast Co. Ltd.: Products/Solutions/Services Offered
14.1.12 Geneferm Biotechnology Co. Ltd.
Table 194 Geneferm Biotechnology Co. Ltd.: Company Overview
Table 195 Geneferm Biotechnology Co. Ltd.: Products/Solutions/Services Offered
14.1.13 Nakoda Chemicals Ltd.
Table 196 Nakoda Chemicals Ltd.: Company Overview
Table 197 Nakoda Chemicals Ltd.: Products/Solutions/Services Offered
14.1.14 Haihang Industry
Table 198 Haihang Industry: Company Overview
Table 199 Haihang Industry: Products/Solutions/Services Offered
14.1.15 Chemicea Limited
Table 200 Chemicea Limited: Company Overview
Table 201 Chemicea Limited: Products/Solutions/Services Offered
14.1.16 Kyowa Hakko U.SA Inc.
Table 202 Kyowa Hakko U.SA Inc.: Business Overview
Table 203 Kyowa Hakko U.SA Inc.: Products/Solutions/Services Offered
14.2 Startups/SMEs
14.2.1 Seebio Biotech (Shanghai) Co.,Ltd.
Table 204 Seebio Biotech (Shanghai) Co. Ltd.: Company Overview
14.2.2 Magnesia GmbH
Table 205 Magnesia GmbH: Company Overview
14.2.3 Falcon Trading International
Table 206 Falcon Trading International: Company Overview
14.2.4 Abco India
Table 207 Abco India: Company Overview
14.2.5 Act
Table 208 Act: Company Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies

15 Adjacent and Related Markets

15.1 Introduction
Table 209 Adjacent Markets to Vitamin K2 Market
15.2 Limitations
15.3 Dietary Supplements Market
15.3.1 Market Definition
15.3.2 Market Overview
Table 210 Dietary Supplements Market, by Region, 2018-2022 (USD Million)
Table 211 Dietary Supplements Market, by Region, 2023-2028 (USD Million)
15.4 Vitamins Market
15.4.1 Market Definition
15.4.2 Market Overview
Table 212 Vitamins Market, by Region, 2017-2022 (USD Million)
Table 213 Vitamins Market, by Region, 2023-2028 (USD Million)

16 Appendix

16.1 Discussion Guide
16.2 Knowledgestore: The Subscription Portal
16.3 Customization Options

Companies Mentioned

Gnosis by Lesaffre (Nattopharma)
Kappa Bioscience as (Balchem Corp.)
J-Oil Mills, Inc.
Novozymes A/S
BASF SE
Sungen Bioscience Co.,Ltd
Vesta Nutra
Richen Nutritional Technology Co. Ltd.
Menadiona
Genofocus
Angelyeast Co. Ltd.
Geneferm Biotechnology Co. Ltd.
Nakoda Chemicals Ltd.
Haihang Industry
Chemicea Limited
Kyowa Hakko U.SA Inc.
Seebio Biotech (Shanghai) Co.,Ltd.
Magnesia GmbH
Falcon Trading International
Abco India
Act

Table Information

Report Attribute	Details
No. of Pages	228
Published	June 2024
Forecast Period	2024 - 2029
Estimated Market Value ( USD ) in 2024	$ 140 Million
Forecasted Market Value ( USD ) by 2029	$ 265 Million
Compound Annual Growth Rate	13.7%
Regions Covered	Global
No. of Companies Mentioned	21

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Vitamin K2 Market by Product Type (MK-4, MK-7), Source (Natural, Synthetic), Form (Capsules & Tablets, Powder & Crystalline, Oils & Liquid), Application (Pharmaceutical, Functional Food & Beverages, Health Supplements), Function - Forecast to 2029

During the forecast period, the health supplements segment in applications emerges as the dominant segment in the vitamin K2 market.

Powder & Crystalline form is the dominant market in the vitamin K2 market.

The break-up of the profile of primary participants in the vitamin K2 market:

Research Coverage:

Reasons to buy this report:

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Table Information

During the forecast period, the health supplements segment in applications emerges as the dominant segment in the vitamin K2 market.

Powder & Crystalline form is the dominant market in the vitamin K2 market.

The break-up of the profile of primary participants in the vitamin K2 market:

Research Coverage:

Reasons to buy this report:

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Table Information

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