Vitamin K2 Market size is estimated to surpass USD 700 Million by the end of 2035, growing at a CAGR of 26% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of vitamin K2 was over USD 450 Million.The growth of the market can be attributed to the increasing patient population suffering from vitamin deficiency, and the rising demand for nutraceuticals with vitamin K2 during the forecast period. It is found that 60% relative risk reduction can be achieved in Vitamin K Deficiency Bleeding (VKDB) by intramuscular vitamin K. Vitamin K helps to prevent hemorrhage or clotting of blood. Also, the lack of vitamin K2 leads to osteoporosis and vascular calcification, thus to avoid such situations, the growth in consumption of vitamin K2 is expected to rise. As per the International Osteoporosis Foundation, osteoporosis leads to 8.9 million fractures, i.e., 3 fractures per second across the globe. Moreover, Vitamin K2 reduces inflammation in rheumatoid arthritis synovial cells and is essential for the body to utilize calcium and to build healthy strong bones
The growth of the global vitamin K2 market forecast is on the back of increasing cases of osteoporosis and arthritis, an increase in health consciousness, and consumer demand for nutritional supplements during the forecast period. A rise in aesthetic standards and an increase in consumption of vitamin K2 to prevent calcium deficiency contribute to the growth of the global vitamin K2 market trends during the forecast period. In infants, the national incidence of VKDB who have not received prophylaxis at birth was 1 per 100,000 live births per year.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~26% |
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Base Year Market Size (2022) |
~ USD 450 Million |
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Forecast Year Market Size (2035) |
~ USD 700 Million |
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Regional Scope |
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Application (Nutraceutical, Food, Pharmaceuticals)
The global vitamin K2 market is segmented and analyzed for demand and supply by application into nutraceuticals, food, and pharmaceuticals, out of which, the nutraceuticals segment is anticipated to hold the largest market size by the end of 2035 in the global vitamin K2 market size on account of an increasing number of cases of vitamin deficiency, owing to several disorders or diseases. In 2021, around the world undernutrition was linked to 45% of deaths occurring in children under 5 years of age. Usage of vitamin K2 supplements for anticoagulation therapy and arthritis disease is also estimated to attribute to the market growth during the forecast period. Studies suggest that the lifetime risk of fracture can be reduced by 25% with the daily use of vitamin K supplements.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Source |
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By Application |
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By Form |
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The North America vitamin K2 market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035 on the back of rising use of herbal medicines, increasing focus of consumers on health, and rising concern for wellness. About 80% of the population uses traditional herbal medicines such as acupuncture, indigenous therapies, and others. In February 2010, the US announced a new Global Health Initiative that will invest USD 63 billion over 6 years to assist partner countries enhance their healthcare outcomes. Furthermore, the surge in healthcare costs and boosting demand from pharmaceutical industries, food and beverage companies, and cosmetic industries is anticipated to attribute to the growth of the market in this region. The hospital expenditure of the U.S in the year 2020 increased to 6.4%, USD 1,270.1 billion higher than the 6.3% growth in 2019.
Kappa Bioscience invites Vitafoods to discuss vitamin K2 manufactured under the brand name K2Vital and its synergistic relationship with vitamin D.
Gnosis by Lesaffre expands its vitamin K2 offering by the acquisition of NattoPharma for global reach and to fuel new innovation for future of vitamin K2.
Author Credits: Radhika Gupta, Shivam Bhutani
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