North America Vitamin K2 Market Size, Share & Trends Analysis Report By Product Type (MK-7 and MK-4), By Form (Powder & Crystalline, Capsules & Tablets, and Oils & Liquid), By Application, By Country and Growth Forecast, 2024 - 2031
The North America Vitamin K2 Market would witness market growth of 12.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Vitamin K2 Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $59,756.7 Thousands by 2031. The Canada market is experiencing a CAGR of 15% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14.1% during (2024 - 2031).
The population's aging is a substantial factor that is driving the demand for vitamin K2. The frequency of age-related health issues, such as cardiovascular and osteoporosis diseases, is increasing in tandem with the growing number of aged people.
Additionally, the elderly are at a significant risk of fractures due to osteoporosis, a condition that is marked by compromised bones. Clinical studies have demonstrated that supplementation with vitamin K2 can substantially reduce bone loss and improve bone strength, making it a valuable tool in the fight against osteoporosis.
North America is a crucial region in the market, characterized by high consumer awareness and a robust dietary supplement industry. The United States and Canada are the primary markets within this region, driving significant growth and demand for vitamin K2 products. The demand for vitamin K2 supplements in North America is significantly influenced by the rising prevalence of chronic diseases, including osteoporosis and cardiovascular disease.
Based on Product Type, the market is segmented into MK-7 and MK-4. Based on Form, the market is segmented into Powder & Crystalline, Capsules & Tablets, and Oils & Liquid. Based on Application, the market is segmented into Health Supplements, Pharmaceutical, and Functional Food & Beverages. Based on Source, the market is segmented into Natural and Synthetic. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Balchem Corporation
- Novozymes A/S (Novo Holdings A/S)
- BASF SE
- Lonza Group Ltd. (Capsugel)
- Haihang Industry Co.,Ltd. (Haihang Group)
- AngelYeast Co., Ltd.
- Kyowa Hakko USA, Inc.
- Lesaffre Group
- DSM Nutritional Products
- Herbalife International, Inc
By Product Type
- MK-7
- MK-4
- Powder & Crystalline
- Capsules & Tablets
- Oils & Liquid
- Health Supplements
- Pharmaceutical
- Functional Food & Beverages
- Natural
- Synthetic
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Vitamin K2 Market, by Product Type
- 1.4.2 North America Vitamin K2 Market, by Form
- 1.4.3 North America Vitamin K2 Market, by Application
- 1.4.4 North America Vitamin K2 Market, by Source
- 1.4.5 North America Vitamin K2 Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. North America Vitamin K2 Market by Product Type
- 4.1 North America MK-7 Market by Region
- 4.2 North America MK-4 Market by Region
- Chapter 5. North America Vitamin K2 Market by Form
- 5.1 North America Powder & Crystalline Market by Country
- 5.2 North America Capsules & Tablets Market by Country
- 5.3 North America Oils & Liquid Market by Country
- Chapter 6. North America Vitamin K2 Market by Application
- 6.1 North America Health Supplements Market by Country
- 6.2 North America Pharmaceutical Market by Country
- 6.3 North America Functional Food & Beverages Market by Country
- Chapter 7. North America Vitamin K2 Market by Source
- 7.1 North America Natural Market by Country
- 7.2 North America Synthetic Market by Country
- Chapter 8. North America Vitamin K2 Market by Country
- 8.1 US Vitamin K2 Market
- 8.1.1 US Vitamin K2 Market by Product Type
- 8.1.2 US Vitamin K2 Market by Form
- 8.1.3 US Vitamin K2 Market by Application
- 8.1.4 US Vitamin K2 Market by Source
- 8.2 Canada Vitamin K2 Market
- 8.2.1 Canada Vitamin K2 Market by Product Type
- 8.2.2 Canada Vitamin K2 Market by Form
- 8.2.3 Canada Vitamin K2 Market by Application
- 8.2.4 Canada Vitamin K2 Market by Source
- 8.3 Mexico Vitamin K2 Market
- 8.3.1 Mexico Vitamin K2 Market by Product Type
- 8.3.2 Mexico Vitamin K2 Market by Form
- 8.3.3 Mexico Vitamin K2 Market by Application
- 8.3.4 Mexico Vitamin K2 Market by Source
- 8.4 Rest of North America Vitamin K2 Market
- 8.4.1 Rest of North America Vitamin K2 Market by Product Type
- 8.4.2 Rest of North America Vitamin K2 Market by Form
- 8.4.3 Rest of North America Vitamin K2 Market by Application
- 8.4.4 Rest of North America Vitamin K2 Market by Source
- Chapter 9. Company Profiles
- 9.1 Balchem Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional & Segmental Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 SWOT Analysis
- 9.2 Novozymes A/S (Novo Holdings A/S)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.3 BASF SE
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 Lonza Group Ltd. (Capsugel)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Haihang Industry Co., Ltd. (Haihang Group)
- 9.5.1 Company Overview
- 9.6 AngelYeast Co., Ltd.
- 9.6.1 Company Overview
- 9.6.2 SWOT Analysis
- 9.7 Kyowa Hakko USA, Inc.
- 9.7.1 Company Overview
- 9.8 Lesaffre Group
- 9.8.1 Company Overview
- 9.8.2 SWOT Analysis
- 9.9 Anderson Global Group, LLC
- 9.9.1 Company Overview
- 9.10. Herbalife International, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 SWOT Analysis
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