About Vitamin K3
Vitamins are significant nutrients essential for human to maintain health. Vitamin K3 is also called 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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mianyang Vanatta Chemical (China), Hubei Zhenhua Chemical (China), Shandong Huasheng Chemical (China), Chongqing Minfeng Chemical (China), Yunnan Luliang Peace Technology (China), Brother Enterprises Holding (China), Peace Chemical (China) and Zhenhua Chemical (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Vitamin K3 market by Type (Food Grade, Feed Grade and Pharmaceutical Grade), Application (Food Industry, Feed Industry and Pharmaceutical Industry) and Region.
On the basis of geography, the market of Vitamin K3 has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Vitamin K3 market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Vitamin Delivery Systems and Increase in Awareness Regarding Vitamin Supplements
Market Growth Drivers:
Surge In Prevalence of Various Vitamin Deficiency Disorders and Change in Consumer Lifestyle Along With an Increase in Beauty Products Usage
Challenges:
Strict Regulations Set By Regulation Authorities Such As FDA
Restraints:
Low Product Penetration in Developing Countries
Opportunities:
Huge Demand in the Pharmaceuticals Sectors and Increasing Application Scope in Dietary Supplements
Market Leaders and their expansionary development strategies
In February 2021, Kappa Bioscience plans to expand its operations in the U.S. The geographical expansion will increase the company's customer base and operational facilities, resulting in increased nutraceutical production
In May 2021, Lesaffre acquired NattoPharma, a Vitamin K2 specialist, and is expanding its product portfolio in the human nutrition and health market. This acquisition also strengthened the company's Vitamin K research and marketing segment
Key Target Audience
Suppliers and Distributors, Industry Associations, Private and Government Research Associations, Government Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.