Global Vitamin K3 (Menadione) Market, 2021-2027

Global Vitamin K3 (Menadione) Market, 2021-2027

Bonafide Trust 15-07-2022 75 Pages
Category : Lifescience Pharmaceutical

The Industry insights of the report Global Vitamin K3 Market helps with the successful launch of a new product. This market report efficiently collects, analyzes, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which forms the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market.

Vitamins are important nutrients required for human body to maintain health. Vitamin K3 is also known as Menadione, which is an organic compound used as a nutritional supplement. Currently, it is being used in animal feed and in pharmaceutical products as well as in research for treatment of prostate cancer. It works in combination with vitamin c to uncover efficient treatment for prostate cancer. Some of the key menadione market trends promoting the demand for menadione include the creation of drugs to help treat infants who have bleeding issues. As a result of the growing number of research activities, demand for menadione is expected to exceed menadione market growth in the near future. Menadione is a fat-soluble compound that is essential for tooth and bone formation. It also causes blood clotting and coagulation-inhibiting factors to be activated. As a result, the demand for menadione is forecasted to rise. Surge in prevalence of various vitamin deficiency disorders and increase in awareness regarding vitamin supplements is expected to drive the vitamin K3 market. In addition, technological advancements in vitamin delivery systems is expected to boost the market growth. However, low product penetration in developing countries and strict regulations set by regulation authorities such as FDA impedes the market growth. In the coming years, the demand for menadione is anticipated to rise owing to lifestyle and dietary changes that contribute to vitamin K3 (menadione) deficiency in both developed and emerging countries. This will be helpful to the menadione market growth. People who live sedentary lifestyles and consume a lot of junk food are more likely to develop chronic illnesses that cause vitamin deficiencies. As a result, the sales of menadione are likely to grow during the forecast period.

Increasing number of clinical research activities related to development of vitamin K3 products, rising prevalence of chronic diseases, growing awareness among consumers regarding availability of commercially feasible vitamin K3 products, increasing ageing population and increasing application scope in Food&Beverage and cosmetic industries are some of the factors that will likely to accelerate the growth of vitamin K market in the forecast period of 2021 to 2027. On the other hand, increasing population along with reducing obesity will further create new opportunities for the vitamin K market in the above mentioned forecast period. The side effects coupled with vitamin K dosage will act as restraint to the vitamin K market growth in the forecast period of 2021 to 2027. To produce menadione, manufacturers in the menadione market should employ organic and natural sources. Due to its sophisticated extraction method, it is distinctive and expensive; manufacturers should endeavor to cut production costs and supply menadione at a reasonable price. They could strive to raise knowledge about the availability of menadione and its vitamin K content in order to attract more customers and increase the sales of menadione as well as company's profits.

Asia-Pacific dominates the vitamin K market because of rising concerns over health issues, and the increased patient pool suffering from vitamin deficiency in the region. North America is expected to grow in the forecast period of 2021 to 2027 due to rising application from cosmetic and food & beverage industries which will favor regional growth.

Recent Developments

  • At a seminar organised by Nattopharma's Chinese distribution partner Prochin, Nattopharma debuted MenaQ7 Vitamin K2 as MK-7 in China. The product launch sought to expand the company's existing customer base as well as its geographic reach.
  • D2C and Garnet Pigden were hired by Kappa Biosciences to increase K2VITAL's presence in the United States. Expanding into new geographic areas will assist the organisation in gaining a larger menadione market share.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global vitamin k3 market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments.

The vitamin k3 market is segmented on the basis of application, and region. The vitamin k3 market is segmented as below:

By application:
- animal nutrition
- pharmaceuticals & cosmetics
- food

By region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa (MEA)
- South America

The report explores the recent developments and profiles of key vendors in the Global Vitamin K3 Market, including OXYVIT Kimya Sanayii ve Ticaret A.S., Brother Enterprises Holding Co., Ltd., Dirox S.A., Jiangsu Yong Pharmaceutical Co., Ltd., Mianyang Vanetta Pharmaceutical Technology Co., Ltd., Weifang Tongrun Chemical Co., Ltd., Yunnan Luliang Peace Technology Co. Ltd., among others.

Historical & Forecast Period
This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.

Scope of the Report
- To analyze and forecast the market size of the global vitamin k3 market.
- To classify and forecast the global vitamin k3 market based on application, and region.
- To identify drivers and challenges for the global vitamin k3 market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global vitamin k3 market.
- To identify and analyze the profile of leading players operating in the global vitamin k3 market.

Why Choose This Report
- Gain a reliable outlook of the global vitamin k3 market forecasts from 2021 to 2027 across scenarios.
- Identify growth segments for investment.
- Stay ahead of competitors through company profiles and market data.
- The market estimate for ease of analysis across scenarios in Excel format.
- Strategy consulting and research support for three months.
- Print authentication provided for the single-user license.

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