Market Overview:
The global vitamin K3 market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vitamin K3 in food and medicine applications, and feed additives applications. The North America region is expected to dominate the global vitamin K3 market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Vitamin K3 is also known as menadione. It is a water soluble vitamin that helps the body absorb and use calcium and phosphorus to build bones and teeth.
MSB:
Micro-nutrients are essential for bone and tissue health. Vitamin K3 (menadione) is a type of micro-nutrient that is used to provide nutrition to the blood cells. It also helps in maintaining the proper function of the liver, kidneys, and digestive system. The main functions of vitamin K3 include enhancing blood coagulation properties and helping in maintaining normal blood cell count by inhibiting their destruction or apoptosis.
MNB:
Medium Chain Triglycerides (MCT) are formed in the liver and used as a dietary supplement for humans. They are processed by the human body to produce ketones, which provide an alternative source of energy for cells. MCTs have been found to be more effective at reducing hunger than other types of dietary fats and can be used as a replacement for glucose in some cases.
Application Insights:
Food and medicine were the major application segments of vitamin K3. In 2017, food processing accounted for more than 60% of global vitamin K3 demand. The segment is projected to witness significant growth over the forecast period owing to rising awareness regarding nutritional benefits among consumers, coupled with growing consumption of dietary supplements by athletes and gym-goers.
Vitamin K1 and vitamin K3 have similar functions in human body; however, there are certain differences between them in terms of their functions, uses as well as structures that limit their scope of application in food & beverage industry. Vitamin K1 is used almost exclusively for its role in blood coagulation whereas vitamin K2 has a broader scope including utilization during development stages along with its usage during bone growth promotion process in children below 12 years age group (but not above).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period on account of rising demand for vitamin K3 from China and Japan, which are majorly driven by increasing meat consumption coupled with growing medical applications in these countries. In addition, rising awareness regarding nutritional enrichment among middle-class income groups in emerging economies such as India and China is anticipated to fuel product demand over the next eight years.
Europe accounted for a significant share owing to high animal feed production along with growing health concerns pertaining to deficiency diseases prevalent across European countries such as scurvy and osteoporosis among others that require fortified foods or supplements containing vitamin K3 as an essential nutrient source.
Growth Factors:
- Increasing awareness about the health benefits of Vitamin K3 is expected to drive its demand in the market.
- Growing geriatric population is anticipated to create lucrative opportunities for the Vitamin K3 market growth.
- Rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and diabetes is projected to fuel demand for Vitamin K3 over the forecast period.
- Increasing use of dietary supplements and nutraceuticals are expected to propel growth of the global vitamin k3 market during the forecast period. 5) Technological advancements in production processes are likely to provide impetus to market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Vitamin K3 Market Research Report
By Type
MSB, MNB, MPB
By Application
Food and Medicine, Feed Additives
By Companies
Dirox, Oxyvit, Brother Enterprises, Vanetta, Peace Chemical, Zhenhua Chemical, Chongqing Minfeng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Vitamin K3 Market Report Segments:
The global Vitamin K3 market is segmented on the basis of:
Types
MSB, MNB, MPB
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Medicine, Feed Additives
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dirox
- Oxyvit
- Brother Enterprises
- Vanetta
- Peace Chemical
- Zhenhua Chemical
- Chongqing Minfeng
Highlights of The Vitamin K3 Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- MSB
- MNB
- MPB
- By Application:
- Food and Medicine
- Feed Additives
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vitamin K3 Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vitamin K3 is a water soluble vitamin that is important for blood clotting. It can be found in leafy green vegetables, nuts, and fortified foods.
Some of the key players operating in the vitamin k3 market are Dirox, Oxyvit, Brother Enterprises, Vanetta, Peace Chemical, Zhenhua Chemical, Chongqing Minfeng.
The vitamin k3 market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vitamin K3 Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vitamin K3 Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vitamin K3 Market - Supply Chain
4.5. Global Vitamin K3 Market Forecast
4.5.1. Vitamin K3 Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vitamin K3 Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vitamin K3 Market Absolute $ Opportunity
5. Global Vitamin K3 Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vitamin K3 Market Size and Volume Forecast by Type
5.3.1. MSB
5.3.2. MNB
5.3.3. MPB
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vitamin K3 Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vitamin K3 Market Size and Volume Forecast by Application
6.3.1. Food and Medicine
6.3.2. Feed Additives
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vitamin K3 Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vitamin K3 Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vitamin K3 Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vitamin K3 Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vitamin K3 Demand Share Forecast, 2019-2026
9. North America Vitamin K3 Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vitamin K3 Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vitamin K3 Market Size and Volume Forecast by Application
9.4.1. Food and Medicine
9.4.2. Feed Additives
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vitamin K3 Market Size and Volume Forecast by Type
9.7.1. MSB
9.7.2. MNB
9.7.3. MPB
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vitamin K3 Demand Share Forecast, 2019-2026
10. Latin America Vitamin K3 Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vitamin K3 Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vitamin K3 Market Size and Volume Forecast by Application
10.4.1. Food and Medicine
10.4.2. Feed Additives
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vitamin K3 Market Size and Volume Forecast by Type
10.7.1. MSB
10.7.2. MNB
10.7.3. MPB
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vitamin K3 Demand Share Forecast, 2019-2026
11. Europe Vitamin K3 Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vitamin K3 Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vitamin K3 Market Size and Volume Forecast by Application
11.4.1. Food and Medicine
11.4.2. Feed Additives
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vitamin K3 Market Size and Volume Forecast by Type
11.7.1. MSB
11.7.2. MNB
11.7.3. MPB
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vitamin K3 Demand Share, 2019-2026
12. Asia Pacific Vitamin K3 Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vitamin K3 Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vitamin K3 Market Size and Volume Forecast by Application
12.4.1. Food and Medicine
12.4.2. Feed Additives
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vitamin K3 Market Size and Volume Forecast by Type
12.7.1. MSB
12.7.2. MNB
12.7.3. MPB
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vitamin K3 Demand Share, 2019-2026
13. Middle East & Africa Vitamin K3 Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vitamin K3 Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vitamin K3 Market Size and Volume Forecast by Application
13.4.1. Food and Medicine
13.4.2. Feed Additives
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vitamin K3 Market Size and Volume Forecast by Type
13.7.1. MSB
13.7.2. MNB
13.7.3. MPB
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vitamin K3 Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vitamin K3 Market: Market Share Analysis
14.2. Vitamin K3 Distributors and Customers
14.3. Vitamin K3 Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dirox
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Oxyvit
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Brother Enterprises
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Vanetta
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Peace Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zhenhua Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chongqing Minfeng
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook