ビタミンK2市場 : 2029年までの世界予測

Vitamin K2 Market - Global Forecast to 2029

ビタミンK2市場 : 製品タイプ (MK-4、MK-7)、供給源 (天然、合成)、形態 (カプセルと錠剤、粉末と結晶、油と液体)、用途 (医薬品、機能性食品と飲料、健康補助食品)、機能 - 2029年までの世界予測
Vitamin K2 Market by Product Type (MK-4, MK-7), Source (Natural, Synthetic), Form (Capsules & Tablets, Powder & Crystalline, Oils & Liquid), Application (Pharmaceutical, Functional Food & Beverages, Health Supplements), Function - Global Forecast to 2029
出版年月2024年6月
ページ数228
図表数281
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global vitamin K2 market is estimated to be valued at USD 140 million in 2024 and is projected to reach USD 265 million by 2029 at a CAGR of 13.7%.

世界のビタミンK2 市場は、2024 年に 1 億 4,000 万米ドルと推定され、CAGR 13.7% で 2029 年までに 2 億 6,500 万米ドルに達すると予測されています。

ビタミンK2市場 : 2029年までの世界予測

The growth of the Vitamin K2 market is propelled by advancements in research and development. Ongoing studies continue to uncover new health benefits and potential applications for Vitamin K2, thereby expanding its appeal. These emerging benefits contribute to a broader consumer base and create new opportunities for product innovation in the nutraceutical and functional food sectors.

Furthermore, market growth is facilitated by increasing consumer awareness and education. Campaigns and informational resources provided by health organizations and supplement manufacturers have significantly raised awareness about the importance of Vitamin K2. This has led to higher consumer confidence and an uptick in the consumption of Vitamin K2-enriched products. Additionally, the trend towards personalized nutrition, where consumers seek tailored dietary solutions to meet their specific health needs, has spurred demand for Vitamin K2 supplements.

ビタミンK2市場 : 2029年までの世界予測  ecosystem

“During the forecast period, the health supplements segment in applications emerges as the dominant segment in the vitamin K2 market.”
This trend is largely driven by the increasing consumer inclination towards preventive healthcare and wellness. As individuals become more aware of the long-term benefits of maintaining bone and cardiovascular health, the demand for effective and reliable supplements has surged. Vitamin K2, known for its crucial role in calcium metabolism and cardiovascular protection, is gaining significant traction among health-conscious consumers.
One of the primary reasons for the dominance of the health supplements segment is the growing body of scientific evidence supporting the efficacy of Vitamin K2. Numerous studies have highlighted its role in promoting bone density and preventing arterial calcification, thereby reducing the risk of osteoporosis and cardiovascular diseases. These benefits are particularly appealing to aging populations, who are more susceptible to these conditions. As a result, Vitamin K2 supplements have become a popular choice among older adults looking to enhance their health and quality of life.

“Powder & Crystalline form is the dominant market in the vitamin K2 market.”
The powder & crystalline form of Vitamin K2 is emerging as the dominant segment in the Vitamin K2 market, driven by its versatile applications and numerous advantages over other forms. This trend reflects a growing preference for powdered supplements in both the consumer and industrial markets, underscoring the convenience, stability, and efficacy that powdered Vitamin K2 offers.
The factor contributing to the dominance of the powder form in the Vitamin K2 market is its exceptional versatility. Vitamin K2 powder can be easily incorporated into a wide range of products, including dietary supplements, functional foods, and beverages. This adaptability allows manufacturers to create a diverse array of Vitamin K2-enriched products, catering to various consumer preferences and dietary needs. For example, powdered Vitamin K2 can be seamlessly blended into protein shakes, nutritional bars, dairy products, and even baked goods, making it a suitable choice for both health enthusiasts and the general population.

The break-up of the profile of primary participants in the vitamin K2 market:
• By Company Type: Tier 1 – 35%, Tier 2 – 30%, and Tier 3 – 35%
• By Designation: C Level – 22%, Director Level – 33%, Others – 45%
• By Region: North America – 17%, Europe – 26%, Asia Pacific – 38%, and Rest of the World – 19%

ビタミンK2市場 : 2029年までの世界予測  region

Prominent companies include Gnosis by Lesaffre (NattoPharma) (France), Kappa Bioscience AS (Balchem Corp.) (US), J-OIL MILLS INC. (Japan), Novozymes A/S (Denmark), BASF SE (Germany), Sungen Bioscience Co.,Ltd. (China), Vesta Nutra (US), Richen Nutritional Technology Co., Ltd. (China), Menadiona (Spain), and GENOFOCUS (Korea) among others.

Research Coverage:
This research report categorizes the vitamin K2 market by Product Type (MK-4, MK-7), Source (Natural, Synthetic), Form (Capsules & Tablets, Powder & Crystalline, Oils & Liquid), Application (Pharmaceuticals, Functional Food & Beverages, Health Supplements), and Region (North America, Europe, Asia Pacific, and Rest of the World).
The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the vitamin K2 market. It also provides a detailed analysis of the major players in the market, including their business overview, products offered, key strategies, partnerships, new product launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the vitamin K2 market is covered in this report.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall vitamin K2 market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Growth in health consciousness among consumers and increasing health expenditure, and Increase in research and application of vitamin K2), restraints (Inconsistency in regulatory norms governing vitamin K2, and Price volatility of raw materials), opportunities (Growing demand for natural and functional foods, Demand for personalized nutrition and tailored menaquinone products, and Untapped vitamin K2 applications), and challenges (Lack of consumer awareness regarding benefits specific to vitamin K2, and High research and development costs) influencing the growth of the vitamin K2 market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the vitamin K2 market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the vitamin K2 market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the vitamin K2 market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Gnosis by Lesaffre (NattoPharma) (France), Kappa Bioscience AS (Balchem Corp.) (US), J-OIL MILLS INC. (Japan), Novozymes A/S (Denmark), BASF SE (Germany), Sungen Bioscience Co.,Ltd. (China), Vesta Nutra (US), Richen Nutritional Technology Co., Ltd. (China), Menadiona (Spain), and GENOFOCUS (Korea), among others in the vitamin K2 market strategies. The report also helps stakeholders understand the vitamin K2 market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            31

1.1         STUDY OBJECTIVES      31

1.2         MARKET DEFINITION   31

1.2.1      INCLUSIONS AND EXCLUSIONS 32

TABLE 1             INCLUSIONS AND EXCLUSIONS 32

1.3         STUDY SCOPE  33

1.3.1      MARKET SEGMENTATION         33

1.3.2      REGIONS COVERED      33

1.3.3      YEARS CONSIDERED     34

1.4         UNIT CONSIDERED       34

1.4.1      CURRENCY UNIT            34

TABLE 2             USD EXCHANGE RATES, 2020–2023         35

1.4.2      VOLUME UNIT 35

1.5         STAKEHOLDERS            35

1.6         RECESSION IMPACT      35

2            RESEARCH METHODOLOGY     36

2.1         RESEARCH DATA           36

FIGURE 1           VITAMIN K2 MARKET: RESEARCH DESIGN         36

2.1.1      SECONDARY DATA       36

2.1.1.1   Key data from secondary sources     37

2.1.2      PRIMARY DATA 37

2.1.2.1   Key data from primary sources         37

2.1.2.2   Key insights from industry experts   38

2.1.2.3   Breakdown of primaries     39

2.2         MARKET SIZE ESTIMATION       39

2.2.1      TOP-DOWN APPROACH             40

FIGURE 2           VITAMIN K2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH       40

2.2.2      SUPPLY-SIDE ANALYSIS             40

FIGURE 3           VITAMIN K2 MARKET SIZE CALCULATION: SUPPLY-SIDE ANALYSIS          41

2.2.3      BOTTOM-UP APPROACH           41

FIGURE 4           VITAMIN K2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH       42

2.3         DATA TRIANGULATION             43

FIGURE 5           DATA TRIANGULATION             43

2.4         RESEARCH ASSUMPTIONS         44

2.5         LIMITATIONS AND RISK ASSESSMENT  45

2.6         RECESSION IMPACT ANALYSIS 45

2.6.1      RECESSION MACROINDICATORS           45

FIGURE 6           INDICATORS OF RECESSION     45

FIGURE 7           GLOBAL INFLATION RATE, 2012–2022   46

FIGURE 8           GLOBAL GROSS DOMESTIC PRODUCT, 2012–2022 (USD TRILLION)        47

FIGURE 9           RECESSION INDICATORS AND THEIR IMPACT ON VITAMIN K2 MARKET            48

FIGURE 10         GLOBAL VITAMIN K2 MARKET: CURRENT FORECAST VS. RECESSION FORECAST 48

3            EXECUTIVE SUMMARY 50

TABLE 3             VITAMIN K2 MARKET SNAPSHOT, 2024 VS. 2029 50

FIGURE 11         MK-7 SEGMENT TO HOLD LARGER MARKET SIZE IN 2024              51

FIGURE 12         POWDER AND CRYSTALLINE TO BE LARGEST APPLICATION FORM SEGMENT IN 2024            52

FIGURE 13         NATURAL SOURCE SEGMENT TO DOMINATE MARKET IN 2024              52

FIGURE 14         PHARMACEUTICALS APPLICATION SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD    53

FIGURE 15         ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2023  54

4            PREMIUM INSIGHTS      55

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VITAMIN K2 MARKET              55

FIGURE 16         GROWING CONSUMER PREFERENCES FOR NATURAL AND ORGANIC PRODUCTS TO DRIVE DEMAND FOR VITAMIN K2      55

4.2         ASIA PACIFIC: VITAMIN K2 MARKET, BY PRODUCT TYPE AND KEY COUNTRY         55

FIGURE 17         MK-7 SEGMENT AND CHINA TO ACCOUNT FOR SIGNIFICANT MARKET SHARES IN 2024            55

4.3         VITAMIN K2 MARKET: SHARE OF MAJOR REGIONAL SUBMARKETS              56

FIGURE 18         US ACCOUNTED FOR LARGEST SHARE IN 2023  56

4.4         VITAMIN K2 MARKET, BY PRODUCT TYPE AND REGION             57

FIGURE 19         MK-7 SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD              57

4.5         VITAMIN K2 MARKET, BY APPLICATION FORM 57

FIGURE 20         POWDER AND CRYSTALLINE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD     57

4.6         VITAMIN K2 MARKET, BY SOURCE         58

FIGURE 21         NATURAL SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD     58

4.7         VITAMIN K2 MARKET, BY APPLICATION             58

FIGURE 22         HEALTH SUPPLEMENTS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD     58

5            MARKET OVERVIEW     59

5.1         INTRODUCTION            59

5.2         MACROECONOMIC INDICATORS           59

5.2.1      RISING GDP AND POPULATION             59

FIGURE 23         GLOBAL POPULATION GROWTH, 1950–2050 (BILLION) 60

FIGURE 24         GDP GROWTH, 2016–2023 (USD TRILLION)        60

5.2.2      RISE IN HEALTH CONCERNS AND DISEASE INCIDENCES             60

FIGURE 25         GLOBAL TRENDS IN DEATHS DUE TO CVD, 1990-2030   61

5.2.3      INCREASE IN CONSUMPTION OF DIETARY FIBERS         61

5.3         MARKET DYNAMICS     62

FIGURE 26         VITAMIN K2 MARKET: MARKET DYNAMICS       62

5.3.1      DRIVERS            62

5.3.1.1   Rising health consciousness among consumers             62

FIGURE 27         OECD HEALTH SPENDING AS SHARE OF GDP, 2017–2021              63

5.3.1.2   Growing research and development activities 63

FIGURE 28         GLOBAL EXPANSION OF VITAMIN K2 RESEARCH OVER THREE DECADES  (1990-2020) 64

5.3.2      RESTRAINTS     65

5.3.2.1   Inconsistency in regulatory norms    65

5.3.2.2   Price volatility of raw materials        65

5.3.3      OPPORTUNITIES           66

5.3.3.1   Growing demand for natural and plant-based ingredients          66

5.3.3.2   Rising need for personalized nutrition and customized products 66

5.3.3.3   Untapped applications       67

5.3.4      CHALLENGES   67

5.3.4.1   Lack of consumer awareness regarding specific health benefits  67

5.3.4.2   High research and development costs            68

6            INDUSTRY TRENDS       69

6.1         INTRODUCTION            69

6.2         SUPPLY CHAIN ANALYSIS          69

FIGURE 29         VITAMIN K2 MARKET: SUPPLY CHAIN ANALYSIS            70

6.3         VALUE CHAIN ANALYSIS            71

FIGURE 30         VALUE CHAIN ANALYSIS: VITAMIN K2 MARKET 71

6.3.1      RAW MATERIAL SOURCING       72

6.3.2      MANUFACTURING AND PROCESSING   72

6.3.2.1   Product formulation and development           72

6.3.3      QUALITY ASSURANCE AND CERTIFICATION     72

6.3.4      MARKETING AND DISTRIBUTION          72

6.4         TRADE ANALYSIS          73

6.4.1      EXPORT SCENARIO       73

FIGURE 31         EXPORT VALUE OF VITAMINS AND THEIR DERIVATIVES (HS CODE 293629) FOR KEY COUNTRIES, 2019–2023 (USD THOUSAND)         73

6.4.2      IMPORT SCENARIO       73

FIGURE 32         IMPORT VALUE OF VITAMINS AND THEIR DERIVATIVES (HS CODE 293629) FOR KEY COUNTRIES, 2019–2023 (USD THOUSAND)         73

TABLE 4             TOP 10 EXPORTERS OF VITAMINS AND THEIR DERIVATIVES (HS CODE 293629),  2019–2023 (USD THOUSAND)          74

TABLE 5             TOP 10 EXPORTERS OF VITAMINS AND THEIR DERIVATIVES (HS CODE 293629),  2019–2023 (TON)    74

TABLE 6             TOP 10 IMPORTERS OF VITAMINS AND THEIR DERIVATIVES (HS CODE 293629),  2019–2023 (USD THOUSAND)          75

TABLE 7             TOP 10 IMPORTERS OF VITAMINS AND THEIR DERIVATIVES (HS CODE 293629),  2019–2023 (TON)    75

6.5         TECHNOLOGY ANALYSIS           76

6.5.1      KEY TECHNOLOGY       76

6.5.1.1   Fermentation technology   76

6.5.2      COMPLEMENTARY TECHNOLOGY        76

6.5.2.1   Encapsulation technology  76

6.5.3      ADJACENT TECHNOLOGY         76

6.5.3.1   Biotechnology     76

6.6         PRICING ANALYSIS        76

6.6.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PRODUCT TYPE              77

TABLE 8             AVERAGE SELLING PRICE (ASP), BY PRODUCT TYPE, 2020–2023 (USD/TON)       77

FIGURE 33         AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE, 2020–2023 (USD/TON)            77

6.6.2      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY REGION              77

TABLE 9             AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2023 (USD/TON)       78

6.7         ECOSYSTEM ANALYSIS 78

6.7.1      DEMAND SIDE  78

6.7.2      SUPPLY SIDE    78

FIGURE 34         KEY PLAYERS IN VITAMIN K2 ECOSYSTEM         79

TABLE 10           VITAMIN K2 MARKET ECOSYSTEM        79

6.8         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 80

FIGURE 35         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              80

6.9         PATENT ANALYSIS        81

FIGURE 36         NUMBER OF PATENTS GRANTED FOR VITAMIN K2 MARKET, 2013–2023          81

FIGURE 37         REGIONAL ANALYSIS OF PATENTS GRANTED FOR VITAMIN K2 MARKET,  2013–2023    81

6.9.1      LIST OF MAJOR PATENTS          82

TABLE 11           LIST OF MAJOR PATENTS PERTAINING TO VITAMIN K2, 2020–2023      82

6.10       KEY CONFERENCES AND EVENTS, 2024–2025     85

TABLE 12           VITAMIN K2 MARKET: KEY DETAILED LIST OF CONFERENCES AND EVENTS, 2024–2025             85

6.11       REGULATORY LANDSCAPE       86

6.11.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          86

TABLE 13           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         86

TABLE 14           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS      87

TABLE 15           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS      88

6.11.1.1 Regulations in North America          88

6.11.1.1.1            US         88

6.11.1.1.2            Canada  88

6.11.1.2 Regulations in Europe       89

6.11.1.3 Regulations in Asia Pacific 89

6.11.1.3.1            China     89

6.11.1.3.2            India      89

6.12       PORTER’S FIVE FORCES ANALYSIS         89

TABLE 16           IMPACT OF PORTER’S FIVE FORCES ON VITAMIN K2 MARKET              89

FIGURE 38         PORTER’S FIVE FORCES ANALYSIS: VITAMIN K2 MARKET              90

6.12.1    INTENSITY OF COMPETITIVE RIVALRY 90

6.12.2    BARGAINING POWER OF SUPPLIERS     90

6.12.3    BARGAINING POWER OF BUYERS           91

6.12.4    THREAT OF NEW ENTRANTS    91

6.12.5    THREAT OF SUBSTITUTES         91

6.13       KEY STAKEHOLDERS AND BUYING CRITERIA    91

6.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         91

FIGURE 39         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR VITAMIN K2 PRODUCT TYPES  92

TABLE 17           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR VITAMIN K2 PRODUCT TYPES  92

6.13.2    BUYING CRITERIA         92

FIGURE 40         KEY BUYING CRITERIA FOR VITAMIN K2 PRODUCT TYPES              93

TABLE 18           KEY BUYING CRITERIA FOR VITAMIN K2 PRODUCT TYPES              93

6.14       CASE STUDY ANALYSIS 94

6.14.1    ESTABLISHING DISTINCT RECOMMENDED DIETARY INTAKE TO PROMOTE HEALTHIER DIETARY CHOICES        94

6.14.2    ENHANCING ABILITY IN NUTRACEUTICAL FORMULATIONS FOR IMPROVED QUALITY AND EFFICACY    94

6.15       INVESTMENT AND FUNDING SCENARIO            95

FIGURE 41         INVESTMENT AND FUNDING SCENARIO, 2019–2024 (USD MILLION)          95

7            VITAMIN K2 MARKET, BY FUNCTION     96

7.1         INTRODUCTION            96

7.2         BONE AND CARDIOVASCULAR HEALTH             97

7.2.1      COMPREHENSIVE HEALTH BENEFITS TO DRIVE MARKET          97

7.3         BLOOD HEALTH AND CLOTTING          97

7.3.1      EFFICACY IN MANAGING CLOTTING DISORDERS TO BOOST MARKET GROWTH          97

7.4         ANTI-INFLAMMATORY AND IMMUNITY             98

7.4.1      THERAPEUTIC POTENTIAL AND IMMUNITY-SUPPORTING PROPERTIES TO SUPPORT MARKET GROWTH  98

7.5         OTHER FUNCTIONS      98

8            VITAMIN K2 MARKET, BY PRODUCT TYPE         100

8.1         INTRODUCTION            101

TABLE 19           PRODUCT TYPE: OVERVIEW     101

FIGURE 42         MK-7 SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD     102

TABLE 20           VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)          102

TABLE 21           VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)          102

TABLE 22           VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (TON)              102

TABLE 23           VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (TON)              103

8.2         MK-4     103

8.2.1      POTENTIAL BENEFITS IN BONE AND CARDIOVASCULAR HEALTH TO DRIVE MARKET GROWTH          103

TABLE 24           MK-4: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)          104

TABLE 25           MK-4: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)          104

TABLE 26           MK-4: VITAMIN K2 MARKET, BY REGION, 2020–2023 (TON)              104

TABLE 27           MK-4: VITAMIN K2 MARKET, BY REGION, 2024–2029 (TON)              104

8.3         MK-7     105

8.3.1      HIGH BIOAVAILABILITY TO PROPEL MARKET GROWTH            105

TABLE 28           MK-7: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)          105

TABLE 29           MK-7: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)          106

TABLE 30           MK-7: VITAMIN K2 MARKET, BY REGION, 2020–2023 (TON)              106

TABLE 31           MK-7: VITAMIN K2 MARKET, BY REGION, 2024–2029 (TON)              106

9            VITAMIN K2 MARKET, BY APPLICATION FORM 107

9.1         INTRODUCTION            108

FIGURE 43         POWDER AND CRYSTALLINE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD   108

TABLE 32           VITAMIN K2 MARKET, BY APPLICATION FORM, 2020–2023 (USD MILLION)          108

TABLE 33           VITAMIN K2 MARKET, BY APPLICATION FORM, 2024–2029 (USD MILLION)          109

9.2         CAPSULES AND TABLETS          109

9.2.1      ABILITY TO CATER TO DIVERSE CONSUMER NEEDS AND PREFERENCES TO DRIVE MARKET         109

TABLE 34           CAPSULES AND TABLETS: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)          109

TABLE 35           CAPSULES AND TABLETS: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)          109

9.3         POWDER AND CRYSTALLINE    110

9.3.1      SURGING DEMAND FOR CUSTOMIZABLE DOSAGES AND HIGH PURITY TO PROPEL MARKET GROWTH 110

TABLE 36           POWDER AND CRYSTALLINE: VITAMIN K2 MARKET, BY REGION,  2020–2023 (USD MILLION)     110

TABLE 37           POWDER AND CRYSTALLINE: VITAMIN K2 MARKET, BY REGION,  2024–2029 (USD MILLION)     110

9.4         LIQUIDS            111

9.4.1      GROWING NEED FOR SUPPLEMENTS WITH ENHANCED BIOAVAILABILITY TO BOOST SEGMENT GROWTH        111

TABLE 38           LIQUIDS: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)          111

TABLE 39           LIQUIDS: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)          111

10          VITAMIN K2 MARKET, BY SOURCE         112

10.1       INTRODUCTION            113

FIGURE 44         NATURAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD           113

TABLE 40           VITAMIN K2 MARKET: BY SOURCE, 2020–2023 (USD MILLION)              114

TABLE 41           VITAMIN K2 MARKET, BY SOURCE, 2024–2029 (USD MILLION)              114

10.2       NATURAL          114

10.2.1    INCREASING CONSUMER PREFERENCE FOR NON-GMO SUPPLEMENTS TO BOOST MARKET GROWTH  114

TABLE 42           NATURAL: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)          114

TABLE 43           NATURAL: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)          115

10.3       SYNTHETIC      115

10.3.1    LOW PRODUCTION COST TO DRIVE MARKET  115

TABLE 44           SYNTHETIC: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)          115

TABLE 45           SYNTHETIC: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)          115

11          VITAMIN K2 MARKET, BY APPLICATION             116

11.1       INTRODUCTION            117

TABLE 46           APPLICATION: OVERVIEW         117

FIGURE 45         HEALTH SUPPLEMENTS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD    118

TABLE 47           VITAMIN K2 MARKET: BY APPLICATION, 2020–2023 (USD MILLION)          118

TABLE 48           VITAMIN K2 MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          118

11.2       PHARMACEUTICALS     119

11.2.1    RISING GOVERNMENT INVESTMENTS IN DEVELOPMENT OF NEW FORMULATIONS TO DRIVE MARKET     119

TABLE 49           PHARMACEUTICALS: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)     119

TABLE 50           PHARMACEUTICALS: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)     120

11.3       FUNCTIONAL FOODS AND BEVERAGES 120

11.3.1    GROWING DEMAND FOR FORTIFIED FUNCTIONAL FOODS TO PROPEL MARKET GROWTH      120

TABLE 51           FUNCTIONAL FOODS AND BEVERAGES: VITAMIN K2 MARKET, BY REGION,  2020–2023 (USD MILLION)             120

TABLE 52           FUNCTIONAL FOODS AND BEVERAGES: VITAMIN K2 MARKET, BY REGION,  2024–2029 (USD MILLION)             121

11.4       HEALTH SUPPLEMENTS            121

11.4.1    INCREASED AWARENESS REGARDING ASSOCIATED HEALTH BENEFITS TO DRIVE MARKET   121

TABLE 53           HEALTH SUPPLEMENTS: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)          122

TABLE 54           HEALTH SUPPLEMENTS: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)          122

12          VITAMIN K2 MARKET, BY REGION          123

12.1       INTRODUCTION            124

FIGURE 46         ITALY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD              124

TABLE 55           VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)              125

TABLE 56           VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)              125

TABLE 57           VITAMIN K2 MARKET, BY REGION, 2020–2023 (TON)      125

TABLE 58           VITAMIN K2 MARKET, BY REGION, 2024–2029 (TON)      125

12.2       NORTH AMERICA          126

TABLE 59           NORTH AMERICA: VITAMIN K2 MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     126

TABLE 60           NORTH AMERICA: VITAMIN K2 MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     126

TABLE 61           NORTH AMERICA: VITAMIN K2 MARKET, BY COUNTRY, 2020–2023 (TON)        126

TABLE 62           NORTH AMERICA: VITAMIN K2 MARKET, BY COUNTRY, 2024–2029 (TON)        127

TABLE 63           NORTH AMERICA: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2020–2023 (USD MILLION)          127

TABLE 64           NORTH AMERICA: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2024–2029 (USD MILLION)          127

TABLE 65           NORTH AMERICA: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (TON)            127

TABLE 66           NORTH AMERICA: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (TON)            128

TABLE 67           NORTH AMERICA: VITAMIN K2 MARKET, BY APPLICATION FORM,  2020–2023 (USD MILLION)         128

TABLE 68           NORTH AMERICA: VITAMIN K2 MARKET, BY APPLICATION FORM,  2024–2029 (USD MILLION)         128

TABLE 69           NORTH AMERICA: VITAMIN K2 MARKET, BY SOURCE, 2020–2023 (USD MILLION)     128

TABLE 70           NORTH AMERICA: VITAMIN K2 MARKET, BY SOURCE, 2024–2029 (USD MILLION)     129

TABLE 71           NORTH AMERICA: VITAMIN K2 MARKET, BY APPLICATION,  2020–2023 (USD MILLION)          129

TABLE 72           NORTH AMERICA: VITAMIN K2 MARKET, BY APPLICATION,  2024–2029 (USD MILLION)          129

12.2.1    NORTH AMERICA: RECESSION IMPACT ANALYSIS          129

FIGURE 47         INFLATION IN NORTH AMERICA: COUNTRY-LEVEL DATA, 2017–2022          130

FIGURE 48         NORTH AMERICA: VITAMIN K2 MARKET, RECESSION IMPACT ANALYSIS          130

12.2.2    US         130

12.2.2.1 Growing awareness regarding importance of preventive health measures to drive market   130

TABLE 73           US: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)          131

TABLE 74           US: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)          131

12.2.3    CANADA            131

12.2.3.1 Increasing focus on preventive healthcare and natural products to propel market              131

TABLE 75           CANADA: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 132

TABLE 76           CANADA: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 132

12.2.4    MEXICO             132

12.2.4.1 High prevalence of chronic lifestyle diseases to drive market      132

TABLE 77           MEXICO: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 132

TABLE 78           MEXICO: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 133

12.3       EUROPE             133

FIGURE 49         EUROPE: VITAMIN K2 MARKET SNAPSHOT        134

TABLE 79           EUROPE: VITAMIN K2 MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          134

TABLE 80           EUROPE: VITAMIN K2 MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          135

TABLE 81           EUROPE: VITAMIN K2 MARKET, BY COUNTRY, 2020–2023 (TON)              135

TABLE 82           EUROPE: VITAMIN K2 MARKET, BY COUNTRY, 2024–2029 (TON)              135

TABLE 83           EUROPE: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 136

TABLE 84           EUROPE: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 136

TABLE 85           EUROPE: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (TON)  136

TABLE 86           EUROPE: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (TON)  136

TABLE 87           EUROPE: VITAMIN K2 MARKET, BY APPLICATION FORM, 2020–2023 (USD MILLION)     136

TABLE 88           EUROPE: VITAMIN K2 MARKET, BY APPLICATION FORM, 2024–2029 (USD MILLION)     137

TABLE 89           EUROPE: VITAMIN K2 MARKET, BY SOURCE, 2020–2023 (USD MILLION)          137

TABLE 90           EUROPE: VITAMIN K2 MARKET, BY SOURCE, 2024–2029 (USD MILLION)          137

TABLE 91           EUROPE: VITAMIN K2 MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 137

TABLE 92           EUROPE: VITAMIN K2 MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 138

12.3.1    EUROPE: RECESSION IMPACT ANALYSIS            138

FIGURE 50         INFLATION IN EUROPE: COUNTRY-LEVEL DATA, 2017-2022              138

FIGURE 51         EUROPE: VITAMIN K2 MARKET, RECESSION IMPACT ANALYSIS              139

12.3.2    GERMANY         139

12.3.2.1 Rising focus on proactive healthcare to drive market    139

TABLE 93           GERMANY: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)     139

TABLE 94           GERMANY: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)     139

12.3.3    FRANCE             140

12.3.3.1 Innovative products and investments in research and development to boost market growth   140

TABLE 95           FRANCE: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 140

TABLE 96           FRANCE: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 140

12.3.4    UK         140

12.3.4.1 Rapidly aging population to propel market growth       140

TABLE 97           UK: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)          141

TABLE 98           UK: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)          141

12.3.5    ITALY   141

12.3.5.1 Evolving dietary preferences to boost market growth    141

TABLE 99           ITALY: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 142

TABLE 100         ITALY: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 142

12.3.6    SPAIN   142

12.3.6.1 Growing consumer interest in health supplements to propel drive demand              142

TABLE 101         SPAIN: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 142

TABLE 102         SPAIN: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 143

12.3.7    REST OF EUROPE           143

TABLE 103         REST OF EUROPE: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2020–2023 (USD MILLION)          143

TABLE 104         REST OF EUROPE: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2024–2029 (USD MILLION)          143

12.4       ASIA PACIFIC    144

FIGURE 52         ASIA PACIFIC VITAMIN K2 MARKET SNAPSHOT 144

TABLE 105         ASIA PACIFIC: VITAMIN K2 MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 145

TABLE 106         ASIA PACIFIC: VITAMIN K2 MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 145

TABLE 107         ASIA PACIFIC: VITAMIN K2 MARKET, BY COUNTRY, 2020–2023 (TON)  145

TABLE 108         ASIA PACIFIC: VITAMIN K2 MARKET, BY COUNTRY, 2024–2029 (TON)  146

TABLE 109         ASIA PACIFIC: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)     146

TABLE 110         ASIA PACIFIC: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)     146

TABLE 111         ASIA PACIFIC: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (TON)        146

TABLE 112         ASIA PACIFIC: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (TON)        147

TABLE 113         ASIA PACIFIC: VITAMIN K2 MARKET, BY APPLICATION FORM, 2020–2023 (USD MILLION)          147

TABLE 114         ASIA PACIFIC: VITAMIN K2 MARKET, BY APPLICATION FORM, 2024–2029 (USD MILLION)          147

TABLE 115         ASIA PACIFIC: VITAMIN K2 MARKET, BY SOURCE, 2020–2023 (USD MILLION) 147

TABLE 116         ASIA PACIFIC: VITAMIN K2 MARKET, BY SOURCE, 2024–2029 (USD MILLION) 147

TABLE 117         ASIA PACIFIC: VITAMIN K2 MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     148

TABLE 118         ASIA PACIFIC: VITAMIN K2 MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     148

12.4.1    ASIA PACIFIC: RECESSION IMPACT ANALYSIS    148

FIGURE 53         INFLATION IN ASIA PACIFIC: COUNTRY-LEVEL DATA, 2017-2022      149

FIGURE 54         ASIA PACIFIC: VITAMIN K2 MARKET, RECESSION IMPACT ANALYSIS          149

12.4.2    CHINA  149

12.4.2.1 Surging use of digital media to disseminate healthcare information to propel market   149

TABLE 119         CHINA: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 150

TABLE 120         CHINA: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 150

12.4.3    JAPAN  150

12.4.3.1 Consumer preferences for natural healthcare solutions to boost market growth              150

TABLE 121         JAPAN: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 151

TABLE 122         JAPAN: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 151

12.4.4    INDIA   151

12.4.4.1 Strategic market penetration initiatives by various companies to drive market              151

TABLE 123         INDIA: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 152

TABLE 124         INDIA: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 152

12.4.5    AUSTRALIA AND NEW ZEALAND            152

12.4.5.1 Changing consumer preferences and increasing health consciousness to drive demand 152

TABLE 125         AUSTRALIA AND NEW ZEALAND: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2020–2023 (USD MILLION)     153

TABLE 126         AUSTRALIA AND NEW ZEALAND: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2024–2029 (USD MILLION)     153

12.4.6    REST OF ASIA PACIFIC  153

TABLE 127         REST OF ASIA PACIFIC: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2020–2023 (USD MILLION)          154

TABLE 128         REST OF ASIA PACIFIC: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2024–2029 (USD MILLION)          154

12.5       ROW     154

TABLE 129         ROW: VITAMIN K2 MARKET, BY REGION, 2020–2023 (USD MILLION)          154

TABLE 130         ROW: VITAMIN K2 MARKET, BY REGION, 2024–2029 (USD MILLION)          155

TABLE 131         ROW: VITAMIN K2 MARKET, BY REGION, 2020–2023 (TON)              155

TABLE 132         ROW: VITAMIN K2 MARKET, BY REGION, 2024–2029 (TON)              155

TABLE 133         ROW: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 155

TABLE 134         ROW: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 155

TABLE 135         ROW: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2020–2023 (TON)  156

TABLE 136         ROW: VITAMIN K2 MARKET, BY PRODUCT TYPE, 2024–2029 (TON)  156

TABLE 137         ROW: VITAMIN K2 MARKET, BY APPLICATION FORM, 2020–2023 (USD MILLION) 156

TABLE 138         ROW: VITAMIN K2 MARKET, BY APPLICATION FORM, 2024–2029 (USD MILLION) 156

TABLE 139         ROW: VITAMIN K2 MARKET, BY SOURCE, 2020–2023 (USD MILLION)          157

TABLE 140         ROW: VITAMIN K2 MARKET, BY SOURCE, 2024–2029 (USD MILLION)          157

TABLE 141         ROW: VITAMIN K2 MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          157

TABLE 142         ROW: VITAMIN K2 MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          157

12.5.1    ROW: RECESSION IMPACT ANALYSIS    157

FIGURE 55         INFLATION IN ROW, COUNTRY-LEVEL DATA, 2017-2022              158

FIGURE 56         ROW: VITAMIN K2 MARKET, RECESSION IMPACT ANALYSIS              158

12.5.2    SOUTH AMERICA           159

12.5.2.1 Collaboration among key market players to drive market growth 159

TABLE 143         SOUTH AMERICA: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2020–2023 (USD MILLION)          159

TABLE 144         SOUTH AMERICA: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2024–2029 (USD MILLION)          159

12.5.3    MIDDLE EAST AND AFRICA       160

12.5.3.1 Developing regulatory landscape to propel market growth         160

TABLE 145         MIDDLE EAST AND AFRICA: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2020–2023 (USD MILLION)     160

TABLE 146         MIDDLE EAST AND AFRICA: VITAMIN K2 MARKET, BY PRODUCT TYPE,  2024–2029 (USD MILLION)     160

13          COMPETITIVE LANDSCAPE       161

13.1       OVERVIEW        161

13.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          161

TABLE 147         OVERVIEW OF STRATEGIES ADOPTED BY KEY VITAMIN K2 VENDORS          161

13.3       REVENUE ANALYSIS      163

FIGURE 57         REVENUE ANALYSIS FOR KEY COMPANIES IN LAST THREE YEARS,  2021–2023 (USD MILLION)        163

13.4       MARKET SHARE ANALYSIS         164

FIGURE 58         SHARE OF LEADING COMPANIES IN VITAMIN K2 MARKET, 2023              164

TABLE 148         VITAMIN K2 MARKET: DEGREE OF COMPETITION         165

13.5       COMPANY VALUATION AND FINANCIAL METRICS        166

13.5.1    COMPANY VALUATION 166

FIGURE 59         COMPANY VALUATION OF KEY VITAMIN K2 VENDORS, 2023 (USD BILLION) 166

13.5.2    EV/EBITDA       166

FIGURE 60         EV/EBITDA OF KEY COMPANIES, 2023   166

13.6       BRAND/PRODUCT COMPARISON ANALYSIS      167

FIGURE 61         BRAND/PRODUCT COMPARISON ANALYSIS, BY PRODUCT TYPE    167

13.6.1    MENAQUINGOLD          167

13.6.2    MENAQ7            168

13.6.3    K2VITAL            168

13.6.4    VITAMK7           168

13.6.5    MENATTO         168

13.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   169

13.7.1    STARS  169

13.7.2    EMERGING LEADERS    169

13.7.3    PERVASIVE PLAYERS     169

13.7.4    PARTICIPANTS 170

FIGURE 62         VITAMIN K2 MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 170

13.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      171

13.7.5.1 Company footprint            171

FIGURE 63         VITAMIN K2 MARKET: COMPANY FOOTPRINT  171

13.7.5.2 Regional footprint              171

TABLE 149         VITAMIN K2 MARKET: REGIONAL FOOTPRINT 171

13.7.5.3 Product type footprint       172

TABLE 150         VITAMIN K2 MARKET: PRODUCT TYPE FOOTPRINT      172

13.7.5.4 Application footprint         173

TABLE 151         VITAMIN K2 MARKET: APPLICATION FOOTPRINT         173

13.7.5.5 Source footprint   173

TABLE 152         VITAMIN K2 MARKET: SOURCE FOOTPRINT      173

13.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          174

13.8.1    PROGRESSIVE COMPANIES       174

13.8.2    RESPONSIVE COMPANIES          174

13.8.3    DYNAMIC COMPANIES 174

13.8.4    STARTING BLOCKS       174

FIGURE 64         VITAMIN K2 MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023             175

13.8.5    COMPETITIVE BENCHMARKING            175

13.8.5.1 Detailed list of key startups/SMEs   175

TABLE 153         VITAMIN K2 MARKET: DETAILED LIST OF KEY STARTUPS/SMES, 2023  175

13.8.5.2 Competitive benchmarking of key startup/SMEs         176

TABLE 154         VITAMIN K2 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES             176

13.9       COMPETITIVE SCENARIO AND TRENDS             176

13.9.1    PRODUCT LAUNCHES AND DEVELOPMENTS    176

TABLE 155         VITAMIN K2 MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2020–JUNE 2024       177

13.9.2    DEALS  178

TABLE 156         VITAMIN K2 MARKET: DEALS, JANUARY 2020–JUNE 2024              178

13.9.3    EXPANSIONS    180

TABLE 157         VITAMIN K2 MARKET: EXPANSIONS, JANUARY 2020–JUNE 2024              180

13.9.4    OTHERS             181

TABLE 158         VITAMIN K2 MARKET: OTHER DEVELOPMENTS, JANUARY 2020 – JUNE 2024        181

14          COMPANY PROFILES    182

14.1       KEY PLAYERS   182

(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats)*

14.1.1    GNOSIS BY LESAFFRE (NATTOPHARMA)            182

TABLE 159         GNOSIS BY LESAFFRE (NATTOPHARMA): COMPANY OVERVIEW        183

TABLE 160         GNOSIS BY LESAFFRE (NATTOPHARMA): PRODUCTS/SOLUTIONS/SERVICES OFFERED   183

TABLE 161         GNOSIS BY LESAFFRE (NATTOPHARMA): PRODUCT LAUNCHES AND DEVELOPMENTS         183

TABLE 162         GNOSIS BY LESAFFRE (NATTOPHARMA): DEALS            184

TABLE 163         GNOSIS BY LESAFFRE (NATTOPHARMA): OTHER DEALS/DEVELOPMENTS            185

14.1.2    KAPPA BIOSCIENCE AS (BALCHEM CORP.)         186

TABLE 164         KAPPA BIOSCIENCE AS (BALCHEM CORP.): COMPANY OVERVIEW        186

FIGURE 65         KAPPA BIOSCIENCE AS (BALCHEM CORP.): COMPANY SNAPSHOT        187

TABLE 165         KAPPA BIOSCIENCE AS (BALCHEM CORP.): PRODUCTS/SOLUTIONS/SERVICES OFFERED   187

TABLE 166         KAPPA BIOSCIENCE AS (BALCHEM CORP.): PRODUCT LAUNCHES AND DEVELOPMENTS         188

TABLE 167         KAPPA BIOSCIENCE AS (BALCHEM CORP.): DEALS         188

TABLE 168         KAPPA BIOSCIENCE AS (BALCHEM CORP.): EXPANSIONS              189

TABLE 169         KAPPA BIOSCIENCE AS (BALCHEM CORP.): OTHER DEALS/DEVELOPMENTS            189

14.1.3    J-OIL MILLS, INC.           191

TABLE 170         J-OIL MILLS, INC.: COMPANY OVERVIEW            191

FIGURE 66         J-OIL MILLS, INC.: COMPANY SNAPSHOT           191

TABLE 171         J-OIL MILLS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          192

TABLE 172         J-OIL MILLS, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS           192

TABLE 173         J-OIL MILLS, INC.: DEALS           192

14.1.4    NOVOZYMES A/S           194

TABLE 174         NOVOZYMES A/S: COMPANY OVERVIEW            194

FIGURE 67         NOVOZYMES A/S: COMPANY SNAPSHOT           195

TABLE 175         NOVOZYMES A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED          195

TABLE 176         NOVOZYMES A/S: DEALS           196

14.1.5    BASF SE              197

TABLE 177         BASF SE: COMPANY OVERVIEW 197

FIGURE 68         BASF SE: COMPANY SNAPSHOT 198

TABLE 178         BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198

14.1.6    SUNGEN BIOSCIENCE CO.,LTD 200

TABLE 179         SUNGEN BIOSCIENCE CO.,LTD: COMPANY OVERVIEW  200

TABLE 180         SUNGEN BIOSCIENCE CO.,LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED   200

14.1.7    VESTA NUTRA  202

TABLE 181         VESTA NUTRA: COMPANY OVERVIEW  202

TABLE 182         VESTA NUTRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              202

14.1.8    RICHEN NUTRITIONAL TECHNOLOGY CO., LTD.           203

TABLE 183         RICHEN NUTRITIONAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW        203

TABLE 184         RICHEN NUTRITIONAL TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   203

TABLE 185         RICHEN NUTRITIONAL TECHNOLOGY CO., LTD.: OTHER DEVELOPMENTS           204

14.1.9    MENADIONA    205

TABLE 186         MENADIONA: COMPANY OVERVIEW     205

TABLE 187         MENADIONA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              205

TABLE 188         MENADIONA: PRODUCT LAUNCHES AND DEVELOPMENTS              206

14.1.10  GENOFOCUS    207

TABLE 189         GENOFOCUS: COMPANY OVERVIEW     207

TABLE 190         GENOFOCUS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              207

TABLE 191         GENOFOCUS: PRODUCT LAUNCHES AND DEVELOPMENTS              208

14.1.11  ANGELYEAST CO., LTD.             209

TABLE 192         ANGELYEAST CO., LTD.: COMPANY OVERVIEW 209

TABLE 193         ANGELYEAST CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          209

14.1.12  GENEFERM BIOTECHNOLOGY CO., LTD.           211

TABLE 194         GENEFERM BIOTECHNOLOGY CO., LTD.: COMPANY OVERVIEW        211

TABLE 195         GENEFERM BIOTECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   211

14.1.13  NAKODA CHEMICALS LTD.       212

TABLE 196         NAKODA CHEMICALS LTD.: COMPANY OVERVIEW        212

TABLE 197         NAKODA CHEMICALS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   212

14.1.14  HAIHANG INDUSTRY    213

TABLE 198         HAIHANG INDUSTRY: COMPANY OVERVIEW     213

TABLE 199         HAIHANG INDUSTRY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          213

14.1.15  CHEMICEA LIMITED     214

TABLE 200         CHEMICEA LIMITED: COMPANY OVERVIEW      214

TABLE 201         CHEMICEA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED          214

14.1.16  KYOWA HAKKO U.S.A., INC.       216

TABLE 202         KYOWA HAKKO U.S.A., INC.: BUSINESS OVERVIEW         216

TABLE 203         KYOWA HAKKO U.S.A., INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   216

14.2       STARTUPS/SMES           217

14.2.1    SEEBIO BIOTECH (SHANGHAI) CO.,LTD.            217

TABLE 204         SEEBIO BIOTECH (SHANGHAI) CO., LTD.: COMPANY OVERVIEW        217

14.2.2    MAGNESIA GMBH          218

TABLE 205         MAGNESIA GMBH: COMPANY OVERVIEW          218

14.2.3    FALCON TRADING INTERNATIONAL    219

TABLE 206         FALCON TRADING INTERNATIONAL: COMPANY OVERVIEW              219

14.2.4    ABCO INDIA      220

TABLE 207         ABCO INDIA: COMPANY OVERVIEW      220

14.2.5    ACT      221

TABLE 208         ACT: COMPANY OVERVIEW       221

*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.

15          ADJACENT AND RELATED MARKETS     222

15.1       INTRODUCTION            222

TABLE 209         ADJACENT MARKETS TO VITAMIN K2 MARKET 222

15.2       LIMITATIONS   222

15.3       DIETARY SUPPLEMENTS MARKET         222

15.3.1    MARKET DEFINITION   222

15.3.2    MARKET OVERVIEW     223

TABLE 210         DIETARY SUPPLEMENTS MARKET, BY REGION, 2018–2022 (USD MILLION)          223

TABLE 211         DIETARY SUPPLEMENTS MARKET, BY REGION, 2023–2028 (USD MILLION)          223

15.4       VITAMINS MARKET       224

15.4.1    MARKET DEFINITION   224

15.4.2    MARKET OVERVIEW     224

TABLE 212         VITAMINS MARKET, BY REGION, 2017–2022 (USD MILLION)              224

TABLE 213         VITAMINS MARKET, BY REGION, 2023–2028 (USD MILLION)              225

16          APPENDIX         226

16.1       DISCUSSION GUIDE      226

16.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             231

16.3       CUSTOMIZATION OPTIONS      233

16.4       RELATED REPORTS       234

16.5       AUTHOR DETAILS         235