Global Vitamin K2 Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Essentially acting as a guide for calcium in the body vitamin K2 directs calcium to where its necessary while also removing it from areas where it could cause harm. This key role of K2 has made it a significant focus of studies regarding its impact on bone and heart health in addition to its known function, in blood clotting.
Market Key Insights
- The Vitamin K2 market is projected to grow from $143.8 million in 2024 to $523 million in 2034. This represents a CAGR of 13.8%, reflecting rising demand across Bone Health Maintenance, Skincare and Anti-ageing Products and Heart Health Supplements.
Gnosis by Lesaffre, Kappa Bioscience AS, J-Oil Mills Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and France are the top markets within the Vitamin K2 market and are expected to observe the growth CAGR of 12.4% to 16.6% between 2024 and 2030.
- Emerging markets including India, South Korea and Spain are expected to observe highest growth with CAGR ranging between 9.7% to 14.5%.
Transition like Growing Consumer Awareness is expected to add $52.6 million to the Vitamin K2 market growth by 2030
- The Vitamin K2 market is set to add $380 million between 2024 and 2034, with manufacturer targeting Heart Health & Blood Clotting Indication/Application projected to gain a larger market share.
- With Increasing awareness on health benefits, and Technological advances in extraction methods, Vitamin K2 market to expand 264% between 2024 and 2034.
Opportunities in the Vitamin K2
Customized nutrition has gained popularity lately by customizing nutrient suggestions based on an individuals distinct physical makeup. There has been a growing interest in utilizing vitamin K₂ in nutrition to address deficiencies resulting from unique dietary requirements or lifestyle choices. By integrating information along with biological and lifestyle data companies are now able to offer tailor made vitamin K₂ supplements that cater to these specific needs enhancing the health advantages of the vitamin, for each person.
Growth Opportunities in North America and Europe
North America Outlook
In North America's Vitamin K Market has experienced expansion because of rising consumer knowledge regarding the advantages of vitamins for health reasons; additionally a surge in lifestyle diseases and conditions has spurred a greater intake of dietary supplements and fueled the need for Vitamin K products. However the market is confronted with competition, from numerous global and local businesses which may hinder its growth opportunities.
Europe Outlook
In Europe's Vitamin K2 market is expected to grow due to the rising demand for nutritional and functional foods products. Catered towards an aging population with a growing emphasis on healthcare also sets the stage, for market growth. However navigating through regulations and guidelines concerning food supplements might impact the market dynamics.
Market Dynamics and Supply Chain
Driver: Increasing Awareness on Health benefits, and Rising Inclusion in Dietary Supplements
also advances in technology are also making it easier to extract and process Vitamin K2. leading to a supply in stores for consumers to benefit from The use of new techniques to extract the vitamin from natural sources like fermented foods and specific animal meats is also helping increase production levels which in turn is also driving growth in the markets Gaining momentum and expanding options, for consumers who rely more heavilyn these nutrients.
Restraint: Lack of Awareness
Opportunity: Expanding into Sports Nutrition
Challenge: Stringent Regulations
Supply Chain Landscape
BASF
DSM
Koninklijke DSM
Kappa Bioscience
NattoPharma
Gnosis
DuPont
NOW Foods
Jarrow Formulas
BASF
DSM
Koninklijke DSM
Kappa Bioscience
NattoPharma
Gnosis
DuPont
NOW Foods
Jarrow Formulas
Applications of Vitamin K2 in Bone Health Maintenance, Skincare & Anti-ageing Products & Heart Health Supplements
Essential for maintaining calcium balance in the body and commonly found in supplements, for bone health support is Vitamin K1s counterpart. Vitamin K Menaquinone known as K1 or MK.
In heart health supplements today Vitamin K is used primarily for its role in preventing artery calcification and reducing the risk of heart disease which continues to be a cause of death globally hence the increasing demand for such supplements offering a valuable solution, in tackling this issue Jarrow Formulas and Doctors Best have established their stronghold in the market by introducing innovative products focusing on heart health and including Vitamin K in them.
In the skincare industry Vitamin K is being used in ways as well to combat signs of aging such as wrinkles and loss of elasticity by managing calcium levels in skin cells effectively. Top players in this field like Revision Skincare and Biopelle are renowned, for their aging solutions enriched with Vitamin K that deliver exceptional results.
Recent Developments
NutriScience Innovations has seen a rise, in Vitamin K2 production as they upgraded their manufacturing facilities.
Lesaffres Gnosis has introduced a plant based Vitamin K supplement as part of their initiative towards embracing plant based nutrition, in the market.
Koninklijke DSM N. V., a multinational company focused on science and sustainability in areas like Nutrition and Health announced a collaboration, with Kappa Bioscience to enhance the absorption of products.