The Global Vitamin K2 Market size is expected to reach $297.1 million by 2031, rising at a market growth of 13.3% CAGR during the forecast period.
The region's rapid economic growth, increasing disposable incomes, and growing health and wellness awareness have fueled the demand for dietary supplements, including vitamin K2. Countries such as Japan, China, South Korea, and India are key contributors to this region's market growth. The growing middle class in these countries is becoming more health-conscious, seeking ways to enhance their well-being through nutritional supplementation. Thus, the Asia Pacific region acquire 37% revenue share in the market 2023.
The number of individuals aged 60 years and older is projected to rise from 1 billion in 2020 to 1.4 billion by 2030 and is projected to reach 2.1 billion by 2050, according to the World Health Organization (WHO). This growing aging population is accompanied by a higher prevalence of age-related health issues, particularly bone-related disorders such as osteoporosis.
Additionally, Consumers are increasingly inclined to pursue products that provide additional health benefits, such as those that are fortified with vitamin K2, as their awareness increases. Thus, incorporating vitamin K2 into functional foods and beverages is expanding the market for this vital nutrient and contributing to the broader movement towards healthier eating and preventive healthcare.
However, the production of vitamin K2, particularly through advanced biotechnological methods and sophisticated extraction processes, presents a significant financial challenge for manufacturers. These processes often involve complex and costly technologies that ensure the high purity, stability, and bioavailability of the vitamin K2 produced. Thus, the lack of consumer awareness about vitamin K2 and its specific health benefits is a significant barrier to market growth.
Product Outlook
Based on product type, the market is bifurcated into MK-4 and MK-7. The MK-4 segment procured 29% revenue share in the market in 2023. MK-4, or menaquinone-4, is a shorter-chain vitamin K2 found in animal products and certain dietary supplements. MK-4 is known for its rapid uptake by tissues, particularly in the brain, kidneys, and pancreas.
Form Outlook
On the basis of form, the market is classified into capsules & tablets, powder & crystalline, and oils & liquid. The powder & crystalline segment acquired 55% revenue share in the market in 2023. The versatility of powder and crystalline forms allows for easy incorporation into various food matrices, making it an ideal choice for manufacturers looking to enhance the nutritional profile of their products.
Application Outlook
Based on application, the market is segmented into pharmaceutical, functional food & beverages, and health supplements. The pharmaceutical segment acquired 25% revenue share in the market in 2023. Prescription medications containing are often recommended for patients with specific health conditions that require targeted intervention.
Source Outlook
By source, the market is divided into natural and synthetic. The natural segment witnessed 61% revenue share in the market in 2023. The natural segment includes vitamin K2 derived from natural sources such as fermented foods, animal products, and plant-based ingredients.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment procured 27% revenue share in the market in 2023. Europe has a long-standing tradition of valuing health and wellness, with a strong consumer base that is highly conscious of nutritional supplementation.
List of Key Companies Profiled
- Balchem Corporation
- Novozymes A/S (Novo Holdings A/S)
- BASF SE
- Lonza Group Ltd. (Capsugel)
- Haihang Industry Co.,Ltd. (Haihang Group)
- AngelYeast Co., Ltd.
- Kyowa Hakko USA, Inc.
- Lesaffre Group
- DSM Nutritional Products
- Herbalife International, Inc.
Global Vitamin K2 Market Report Segmentation
By Product Type
By Form
- Powder & Crystalline
- Capsules & Tablets
- Oils & Liquid
By Application
- Health Supplements
- Pharmaceutical
- Functional Food & Beverages
By Source
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Vitamin K2 Market, by Product Type
- 1.4.2 Global Vitamin K2 Market, by Form
- 1.4.3 Global Vitamin K2 Market, by Application
- 1.4.4 Global Vitamin K2 Market, by Source
- 1.4.5 Global Vitamin K2 Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Global Vitamin K2 Market by Product Type
- 4.1 Global MK-7 Market by Region
- 4.2 Global MK-4 Market by Region
Chapter 5. Global Vitamin K2 Market by Form
- 5.1 Global Powder & Crystalline Market by Region
- 5.2 Global Capsules & Tablets Market by Region
- 5.3 Global Oils & Liquid Market by Region
Chapter 6. Global Vitamin K2 Market by Application
- 6.1 Global Health Supplements Market by Region
- 6.2 Global Pharmaceutical Market by Region
- 6.3 Global Functional Food & Beverages Market by Region
Chapter 7. Global Vitamin K2 Market by Source
- 7.1 Global Natural Market by Region
- 7.2 Global Synthetic Market by Region
Chapter 8. Global Vitamin K2 Market by Region
- 8.1 North America Vitamin K2 Market
- 8.1.1 North America Vitamin K2 Market by Product Type
- 8.1.1.1 North America MK-7 Market by Region
- 8.1.1.2 North America MK-4 Market by Region
- 8.1.2 North America Vitamin K2 Market by Form
- 8.1.2.1 North America Powder & Crystalline Market by Country
- 8.1.2.2 North America Capsules & Tablets Market by Country
- 8.1.2.3 North America Oils & Liquid Market by Country
- 8.1.3 North America Vitamin K2 Market by Application
- 8.1.3.1 North America Health Supplements Market by Country
- 8.1.3.2 North America Pharmaceutical Market by Country
- 8.1.3.3 North America Functional Food & Beverages Market by Country
- 8.1.4 North America Vitamin K2 Market by Source
- 8.1.4.1 North America Natural Market by Country
- 8.1.4.2 North America Synthetic Market by Country
- 8.1.5 North America Vitamin K2 Market by Country
- 8.1.5.1 US Vitamin K2 Market
- 8.1.5.1.1 US Vitamin K2 Market by Product Type
- 8.1.5.1.2 US Vitamin K2 Market by Form
- 8.1.5.1.3 US Vitamin K2 Market by Application
- 8.1.5.1.4 US Vitamin K2 Market by Source
- 8.1.5.2 Canada Vitamin K2 Market
- 8.1.5.2.1 Canada Vitamin K2 Market by Product Type
- 8.1.5.2.2 Canada Vitamin K2 Market by Form
- 8.1.5.2.3 Canada Vitamin K2 Market by Application
- 8.1.5.2.4 Canada Vitamin K2 Market by Source
- 8.1.5.3 Mexico Vitamin K2 Market
- 8.1.5.3.1 Mexico Vitamin K2 Market by Product Type
- 8.1.5.3.2 Mexico Vitamin K2 Market by Form
- 8.1.5.3.3 Mexico Vitamin K2 Market by Application
- 8.1.5.3.4 Mexico Vitamin K2 Market by Source
- 8.1.5.4 Rest of North America Vitamin K2 Market
- 8.1.5.4.1 Rest of North America Vitamin K2 Market by Product Type
- 8.1.5.4.2 Rest of North America Vitamin K2 Market by Form
- 8.1.5.4.3 Rest of North America Vitamin K2 Market by Application
- 8.1.5.4.4 Rest of North America Vitamin K2 Market by Source
- 8.2 Europe Vitamin K2 Market
- 8.2.1 Europe Vitamin K2 Market by Product Type
- 8.2.1.1 Europe MK-7 Market by Country
- 8.2.1.2 Europe MK-4 Market by Country
- 8.2.2 Europe Vitamin K2 Market by Form
- 8.2.2.1 Europe Powder & Crystalline Market by Country
- 8.2.2.2 Europe Capsules & Tablets Market by Country
- 8.2.2.3 Europe Oils & Liquid Market by Country
- 8.2.3 Europe Vitamin K2 Market by Application
- 8.2.3.1 Europe Health Supplements Market by Country
- 8.2.3.2 Europe Pharmaceutical Market by Country
- 8.2.3.3 Europe Functional Food & Beverages Market by Country
- 8.2.4 Europe Vitamin K2 Market by Source
- 8.2.4.1 Europe Natural Market by Country
- 8.2.4.2 Europe Synthetic Market by Country
- 8.2.5 Europe Vitamin K2 Market by Country
- 8.2.5.1 Germany Vitamin K2 Market
- 8.2.5.1.1 Germany Vitamin K2 Market by Product Type
- 8.2.5.1.2 Germany Vitamin K2 Market by Form
- 8.2.5.1.3 Germany Vitamin K2 Market by Application
- 8.2.5.1.4 Germany Vitamin K2 Market by Source
- 8.2.5.2 UK Vitamin K2 Market
- 8.2.5.2.1 UK Vitamin K2 Market by Product Type
- 8.2.5.2.2 UK Vitamin K2 Market by Form
- 8.2.5.2.3 UK Vitamin K2 Market by Application
- 8.2.5.2.4 UK Vitamin K2 Market by Source
- 8.2.5.3 France Vitamin K2 Market
- 8.2.5.3.1 France Vitamin K2 Market by Product Type
- 8.2.5.3.2 France Vitamin K2 Market by Form
- 8.2.5.3.3 France Vitamin K2 Market by Application
- 8.2.5.3.4 France Vitamin K2 Market by Source
- 8.2.5.4 Russia Vitamin K2 Market
- 8.2.5.4.1 Russia Vitamin K2 Market by Product Type
- 8.2.5.4.2 Russia Vitamin K2 Market by Form
- 8.2.5.4.3 Russia Vitamin K2 Market by Application
- 8.2.5.4.4 Russia Vitamin K2 Market by Source
- 8.2.5.5 Spain Vitamin K2 Market
- 8.2.5.5.1 Spain Vitamin K2 Market by Product Type
- 8.2.5.5.2 Spain Vitamin K2 Market by Form
- 8.2.5.5.3 Spain Vitamin K2 Market by Application
- 8.2.5.5.4 Spain Vitamin K2 Market by Source
- 8.2.5.6 Italy Vitamin K2 Market
- 8.2.5.6.1 Italy Vitamin K2 Market by Product Type
- 8.2.5.6.2 Italy Vitamin K2 Market by Form
- 8.2.5.6.3 Italy Vitamin K2 Market by Application
- 8.2.5.6.4 Italy Vitamin K2 Market by Source
- 8.2.5.7 Rest of Europe Vitamin K2 Market
- 8.2.5.7.1 Rest of Europe Vitamin K2 Market by Product Type
- 8.2.5.7.2 Rest of Europe Vitamin K2 Market by Form
- 8.2.5.7.3 Rest of Europe Vitamin K2 Market by Application
- 8.2.5.7.4 Rest of Europe Vitamin K2 Market by Source
- 8.3 Asia Pacific Vitamin K2 Market
- 8.3.1 Asia Pacific Vitamin K2 Market by Product Type
- 8.3.1.1 Asia Pacific MK-7 Market by Country
- 8.3.1.2 Asia Pacific MK-4 Market by Country
- 8.3.2 Asia Pacific Vitamin K2 Market by Form
- 8.3.2.1 Asia Pacific Powder & Crystalline Market by Country
- 8.3.2.2 Asia Pacific Capsules & Tablets Market by Country
- 8.3.2.3 Asia Pacific Oils & Liquid Market by Country
- 8.3.3 Asia Pacific Vitamin K2 Market by Application
- 8.3.3.1 Asia Pacific Health Supplements Market by Country
- 8.3.3.2 Asia Pacific Pharmaceutical Market by Country
- 8.3.3.3 Asia Pacific Functional Food & Beverages Market by Country
- 8.3.4 Asia Pacific Vitamin K2 Market by Source
- 8.3.4.1 Asia Pacific Natural Market by Country
- 8.3.4.2 Asia Pacific Synthetic Market by Country
- 8.3.5 Asia Pacific Vitamin K2 Market by Country
- 8.3.5.1 China Vitamin K2 Market
- 8.3.5.1.1 China Vitamin K2 Market by Product Type
- 8.3.5.1.2 China Vitamin K2 Market by Form
- 8.3.5.1.3 China Vitamin K2 Market by Application
- 8.3.5.1.4 China Vitamin K2 Market by Source
- 8.3.5.2 Japan Vitamin K2 Market
- 8.3.5.2.1 Japan Vitamin K2 Market by Product Type
- 8.3.5.2.2 Japan Vitamin K2 Market by Form
- 8.3.5.2.3 Japan Vitamin K2 Market by Application
- 8.3.5.2.4 Japan Vitamin K2 Market by Source
- 8.3.5.3 India Vitamin K2 Market
- 8.3.5.3.1 India Vitamin K2 Market by Product Type
- 8.3.5.3.2 India Vitamin K2 Market by Form
- 8.3.5.3.3 India Vitamin K2 Market by Application
- 8.3.5.3.4 India Vitamin K2 Market by Source
- 8.3.5.4 South Korea Vitamin K2 Market
- 8.3.5.4.1 South Korea Vitamin K2 Market by Product Type
- 8.3.5.4.2 South Korea Vitamin K2 Market by Form
- 8.3.5.4.3 South Korea Vitamin K2 Market by Application
- 8.3.5.4.4 South Korea Vitamin K2 Market by Source
- 8.3.5.5 Singapore Vitamin K2 Market
- 8.3.5.5.1 Singapore Vitamin K2 Market by Product Type
- 8.3.5.5.2 Singapore Vitamin K2 Market by Form
- 8.3.5.5.3 Singapore Vitamin K2 Market by Application
- 8.3.5.5.4 Singapore Vitamin K2 Market by Source
- 8.3.5.6 Malaysia Vitamin K2 Market
- 8.3.5.6.1 Malaysia Vitamin K2 Market by Product Type
- 8.3.5.6.2 Malaysia Vitamin K2 Market by Form
- 8.3.5.6.3 Malaysia Vitamin K2 Market by Application
- 8.3.5.6.4 Malaysia Vitamin K2 Market by Source
- 8.3.5.7 Rest of Asia Pacific Vitamin K2 Market
- 8.3.5.7.1 Rest of Asia Pacific Vitamin K2 Market by Product Type
- 8.3.5.7.2 Rest of Asia Pacific Vitamin K2 Market by Form
- 8.3.5.7.3 Rest of Asia Pacific Vitamin K2 Market by Application
- 8.3.5.7.4 Rest of Asia Pacific Vitamin K2 Market by Source
- 8.4 LAMEA Vitamin K2 Market
- 8.4.1 LAMEA Vitamin K2 Market by Product Type
- 8.4.1.1 LAMEA MK-7 Market by Country
- 8.4.1.2 LAMEA MK-4 Market by Country
- 8.4.2 LAMEA Vitamin K2 Market by Form
- 8.4.2.1 LAMEA Powder & Crystalline Market by Country
- 8.4.2.2 LAMEA Capsules & Tablets Market by Country
- 8.4.2.3 LAMEA Oils & Liquid Market by Country
- 8.4.3 LAMEA Vitamin K2 Market by Application
- 8.4.3.1 LAMEA Health Supplements Market by Country
- 8.4.3.2 LAMEA Pharmaceutical Market by Country
- 8.4.3.3 LAMEA Functional Food & Beverages Market by Country
- 8.4.4 LAMEA Vitamin K2 Market by Source
- 8.4.4.1 LAMEA Natural Market by Country
- 8.4.4.2 LAMEA Synthetic Market by Country
- 8.4.5 LAMEA Vitamin K2 Market by Country
- 8.4.5.1 Brazil Vitamin K2 Market
- 8.4.5.1.1 Brazil Vitamin K2 Market by Product Type
- 8.4.5.1.2 Brazil Vitamin K2 Market by Form
- 8.4.5.1.3 Brazil Vitamin K2 Market by Application
- 8.4.5.1.4 Brazil Vitamin K2 Market by Source
- 8.4.5.2 Argentina Vitamin K2 Market
- 8.4.5.2.1 Argentina Vitamin K2 Market by Product Type
- 8.4.5.2.2 Argentina Vitamin K2 Market by Form
- 8.4.5.2.3 Argentina Vitamin K2 Market by Application
- 8.4.5.2.4 Argentina Vitamin K2 Market by Source
- 8.4.5.3 UAE Vitamin K2 Market
- 8.4.5.3.1 UAE Vitamin K2 Market by Product Type
- 8.4.5.3.2 UAE Vitamin K2 Market by Form
- 8.4.5.3.3 UAE Vitamin K2 Market by Application
- 8.4.5.3.4 UAE Vitamin K2 Market by Source
- 8.4.5.4 Saudi Arabia Vitamin K2 Market
- 8.4.5.4.1 Saudi Arabia Vitamin K2 Market by Product Type
- 8.4.5.4.2 Saudi Arabia Vitamin K2 Market by Form
- 8.4.5.4.3 Saudi Arabia Vitamin K2 Market by Application
- 8.4.5.4.4 Saudi Arabia Vitamin K2 Market by Source
- 8.4.5.5 South Africa Vitamin K2 Market
- 8.4.5.5.1 South Africa Vitamin K2 Market by Product Type
- 8.4.5.5.2 South Africa Vitamin K2 Market by Form
- 8.4.5.5.3 South Africa Vitamin K2 Market by Application
- 8.4.5.5.4 South Africa Vitamin K2 Market by Source
- 8.4.5.6 Nigeria Vitamin K2 Market
- 8.4.5.6.1 Nigeria Vitamin K2 Market by Product Type
- 8.4.5.6.2 Nigeria Vitamin K2 Market by Form
- 8.4.5.6.3 Nigeria Vitamin K2 Market by Application
- 8.4.5.6.4 Nigeria Vitamin K2 Market by Source
- 8.4.5.7 Rest of LAMEA Vitamin K2 Market
- 8.4.5.7.1 Rest of LAMEA Vitamin K2 Market by Product Type
- 8.4.5.7.2 Rest of LAMEA Vitamin K2 Market by Form
- 8.4.5.7.3 Rest of LAMEA Vitamin K2 Market by Application
- 8.4.5.7.4 Rest of LAMEA Vitamin K2 Market by Source
Chapter 9. Company Profiles
- 9.1 Balchem Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional & Segmental Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 SWOT Analysis
- 9.2 Novozymes A/S (Novo Holdings A/S)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.3 BASF SE
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 Lonza Group Ltd. (Capsugel)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Haihang Industry Co., Ltd. (Haihang Group)
- 9.6 AngelYeast Co., Ltd.
- 9.6.1 Company Overview
- 9.6.2 SWOT Analysis
- 9.7 Kyowa Hakko USA, Inc.
- 9.8 Lesaffre Group
- 9.8.1 Company Overview
- 9.8.2 SWOT Analysis
- 9.9 Anderson Global Group, LLC
- 9.10. Herbalife International, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 SWOT Analysis
Chapter 10. Winning Imperatives of Vitamin K2 Market