The prevalence of vitamin K2 deficiency is rising as a result of altering dietary and lifestyle practices. In the human intestines, microorganisms spontaneously create vitamin K2. The western diet is deficient in vitamin K2, hence pharmaceuticals and supplemental diets are required to provide vitamin K2. The main drivers of market expansion include an expanding patient base with vitamin deficiencies, increased consumer demand for nutraceuticals containing vitamin K2, and rising rates of osteoporosis and arthritis. However, the strict guidelines for nutraceuticals may limit industry expansion in the future. Early, classical, and late VKDB are the three categories into which healthcare providers categorise VKDB, according to the Centers for Disease Control and Prevention (CDC).
vitamin K2 market is expected to cross USD 703.82 million by 2027 at a CAGR of 31.08%. More typically occurring, early and classical VKDB affects 1 in 60 people.Late VKDB is more uncommon, occurring in 1 in 14,000 to 1 in 25,000 neonates, whereas Early and classical VKDB are more prevalent, occurring in 1 in 60 to 1 in 250 newborns. In addition, the Food and Agriculture Organization of the United Nations (FAO) reported that Vitamin K deficiency bleeding (VKDB) in babies is a severe concern, with a prevalence rate of 72 per 100,000 live births in Thailand.
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Regional Analysis
The regions of the Americas, Europe, Asia-Pacific, and the Middle East & Africa make up the global vitamin K2 market.
North America and South America are the two principal regions within the Americas market. Canada and the US have been added as additional divisions of North America. Increasing consumer interest in health and wellbeing, rising healthcare costs, and increased demand from the pharmaceutical, food, and beverage, and cosmetic industries are all factors that are expected to make North America the region with the largest market.
Both Eastern and Western Europe are included in the European vitamin K2 market. Over the foreseeable term, it is probably going to have tremendous growth. Western Europe is made up of nations like the United Kingdom, Germany, France, Italy, and Spain.Over the projected period, rising consumer awareness of vitamin K2 and rising vitamin K2 demand in the UK, France, and Germany are likely to promote market expansion.
China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific make up Asia-Pacific. Due to several market prospects, including an ageing population, rising health concerns, and an expanding patient base with vitamin deficiencies, Asia-Pacific is anticipated to develop at a moderate rate over the course of the projected period.
Due to increased urbanisation, rising consumption of compound feed, and growing health concerns in the UAE, Saudi Arabia, and Bahrain, the Middle East and Africa are predicted to experience moderate market expansion throughout the projection period.
The industry is expanding as a result of consumers choosing meals and supplements that are enriched with vitamins. Additionally, the GCC and South Africa are increasing their government-sponsored health awareness initiatives as part of their overall efforts to tackle conditions like osteoporosis and heart disease.
Market Segmentation
The market for K2Vitamin is further divided on the basis of product type, source, form and application.
However, it is further segmented into MK-7,MK-4 and combination drugs depending upon the product type.
While coming to the source, the market is further bifurcated into synthetic and natural sources.
By form, this vitamin is found into capsule, tablets,oil and powder
While it has nutraceutical and pharmaceutical applications.
Key Players
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