Fort Collins, Colorado, Oct. 24, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, the Vitamin K2 Market size was valued at USD 549.4 Million in 2022 and is expected to reach a market size of USD 1,153.9 Million by 2032 at a CAGR of 7.8%.
The vitamin K2 market has grown due to increased awareness of its health benefits. Scientific research, changing dietary preferences, and evolving consumer health consciousness have contributed to this expansion, as vitamin K2 is vital in various physiological functions.
Scientific research has proven that vitamin K2 has numerous health benefits. It plays a crucial role in calcium metabolism, assuring calcium is deposited in bones and teeth rather than soft tissues and arteries. As evidence continues accumulating, consumer trust and demand for vitamin K2 have increased, resulting in market growth.
The increasing age of the global population is driving the growth of the vitamin K2 market. As people age, their risk of osteoporosis and cardiovascular diseases rises. Vitamin K2 promotes bone health and reduces the risk of arterial calcification, making it increasingly popular among older people.
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Segmentation Overview:
The global vitamin K2 market has been segmented into product, source, form, applications, and region. The natural source segment dominates the market, with natto being the richest source of vitamin K2. Nutraceutical and food segments, specifically dietary supplements, are expected to grow due to the increasing demand for preventive healthcare.
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Vitamin K2 Market Report Highlights:
- The global vitamin K2 market growth is anticipated at a CAGR of 7.8% by 2032.
- Demand for vitamin supplements drives significant growth in the vitamin K market due to the established clinical evidence of their benefits to overall health, particularly to the bones.
- North America, particularly the US, leads the market due to rising bone and cardiovascular health awareness. Regulatory guidelines ensure product quality and safety. Manufacturers also add vitamin K2 to dairy and other products for health-conscious consumers.
- Some prominent players in the vitamin K2 market report include Kappa Bioscience, Danisco A/S (DuPont Nutrition and Health), BASF, NattoPharma, Pfizer, DSM, and Kikkoman Corporation among others.
Industry Trends and Insights:
- HHS and Pfizer have extended patient access to Paxlovid, maximizing taxpayer investment and transitioning it to the commercial market in November 2023.
- BASF's Yeosu site in Korea has created the first plausible biomass-balanced methylene diphenyl diisocyanate (MDI), demonstrating the company's dedication to building a more sustainable MDI value chain.
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Vitamin K2 Market Segmentation:
- By Product: MK-7, MK-4, Others
- By Source: Natural, Synthetic
- By Form: Oil, Powder, Others
- By Application: Nutraceutical, Food, Pharmaceuticals
- By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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