Vitamin K2 Market Size Analysis on Sales Channel, Distributors And Traders 2020 to 2023

Vitamin K2, or menaquinones, is a group of compounds that is known for their ability to check cardiovascular diseases and bone diseases. The vitamin assists in the absorption of calcium by the bone matrix and arrests its deposition in the arteries.
Vitamin K2 Market Size Overview:
Several factors like the rise in the number of geriatric populations, increasing cases of osteoporosis, better pharmaceutical developments to backup the production of the vitamin, and others expected to take the global Vitamin K2 Market Size forward. Growing awareness regarding the treatment can also solidify the market claim of vitamin K2.
Increasing rate of vitamin deficiency disorders has created the need for nutraceuticals or supplements inclusive of vitamin K2. In addition, benefits of the vitamin which can reduce the possibility of bone and cardiovascular disorders is likely to spur market growth.
Market Research Future (MRFR) in their latest report on the market revealed that the process would witness a 31.08% CAGR set to score a valuation of USD 228.27 million during the growth period of 2018 to 2023.
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Major Key Players Competitive Analysis:
Several companies are showing keen interest in the global Vitamin K2 Market Size. These companies are triggering strong growth for the market by implementing various strategic moves like merger, acquisition, product launch, innovation, collaboration, and others. MRFR, while analyzing the benefits of this Vitamin K2 Market Size enlisted top companies and profiled them for a better understanding of the market flow. These companies are Kappa Bioscience (Norway), Seebio Biotech (China), DSM (The Netherlands), Geneferm Biotechnology Co. Ltd. (Taiwan), Gnosis SpA (Italy), Kyowa Hakko Bio Co. Ltd. (Japan), Frutarom (Israel), Viridis BioPharma (India), NattoPharma (Norway), and Danisco A/S (U.S.)
Market Segmentation:
The global Vitamin K2 Market Size, as recorded in the report of the MRFR, can be segmented into product type, source, form, and application. This segmentation provides a better insight regarding factors that can trigger change in the market of the coming years.
Based on the product type, the global Vitamin K2 Market Size can be segmented into MK-4, MK-7, and others. the ‘others’ segment includes MK-5, MK-8, MK-9, and MK-10. The MK-7 had a coverage of around 71.61% market share in 2017. The MK-7 segment has the potential to cross a valuation of USD 165.91 million by 2023. The MK-4 segment can surpass USD 48.93 million with a 30.63% CAGR during the forecast period.
Based on the source, the Vitamin K2 Market Size can be segmented into natural and synthetic. The natural segment had over 64.88% share in 2017. The natural source has the potential to garner a 30.72% CAGR during the forecast period and surpass a valuation of USD 145.73 million by 2023. On the other hand, the synthetic segment can cross the estimated valuation of USD 82.54 million by 2023 by taking a speed of around 31.73% CAGR over the review period.
Based on the form, the Vitamin K2 Market Size can be segmented into oil and powder. The powder had 52.75% of the global market share in 2017 and can be of worth USD 117.89 million by 2023 by registering a growth at 30.62% CAGR during the review period.
Based on the applications, the global Vitamin K2 Market Size can be segmented into nutraceutical & food and pharmaceutical. The nutraceutical & food had a market coverage of 85.46% in 2017 and is expected to showcase 30.91% CAGR to generate a valuation of USD 193.57 million by 2023.
Browse Complete 120 Pages Global Industry Research along with Detailed TOC at https://www.marketresearchfuture.com/reports/vitamin-k2-market-7495
About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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