Press release
Vitamin K Market Growth Projections, Industry Developments, Regional Analysis and Forecast by 2025
Vitamin K Market
Global vitamins and mineral market was valued at over USD 30 billion in 2015 and may surpass USD 45 billion in business by 2024, with gains at over 9%. Increasing consumer health awareness along with rise in healthy food consumption should favor product demand.
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Key Profiles in Vitamin K Industry:
• BASF
• Nexeo Solutions
• Kyowa Hakko USA
• Asiamerica Ingredients
• Stason Pharmaceuticals
• Seltzer Chemicals
• Pfizer
Vitamin K market size from pharmaceutical industry may witness significant gains over the forecast timeframe. It is needed for calcium binding in bones and tissues and required for protein synthesis which is involved in blood coagulation. Global pharmaceutical market size may register close to 6.5% gains. Most of the companies in the U.S. and China are producing new and innovative drug or medicines, thereby favoring industry growth.
Phylloquinone is an excellent ingredient used in skin care products which reduces dark circles under the eyes. It can be either applied as cosmetic active agent and as crème supplement curing skin problems. Global cosmetic market size is poised to exceed USD 675 billion in sales by 2024 and may register close to 6.5% growth.
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North America, driven the U.S. vitamin K market size may witness significant gains over the forecast timeframe. Strong application scope in food & beverage and cosmetic industries should favor regional growth. Rise in geriatric population along with reducing obesity will create opportunity in supplement market and favor industry growth.
Europe vitamin K market size, led by UK, Germany, Italy and France market size may witness significant gains. Favorable government regulations by EFSA should favor regional growth demand.
Asia Pacific, led by India, Japan, South Korea, and China vitamin K market size may witness significant gains. Most of the Asian companies are formulating products to strengthen market business position.
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Phytonadione is a man-made form of product, which occurs naturally in the body. It is used to treat vitamin k deficiency and cure blood clotting problems. The rise in diseases worldwide are driving the healthcare sector, thus creating an opportunity for growth of vitamin k drugs in the pharmaceutical industry.
The global vitamin K market share is fragmented. Key companies operating in the industry includes BASF, Nexeo Solutions, Kyowa Hakko USA, Asiamerica Ingredients, Stason Pharmaceuticals, Seltzer Chemicals and Pfizer.
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