Vitamin K2 Market Size, Share, Growth Analysis, By Function (Bone and Cardiovascular Health, Blood Health and Clotting), By Product Type (MK-4, MK-7), By Form, By Source, By Application, By Region - Industry Forecast 2024-2031

Global Vitamin K2 Market size was valued at USD 142 million in 2022 and is poised to grow from USD 161.74 million in 2023 to USD 458.14 million by 2031, growing at a CAGR of 13.90% during the forecast period (2024-2031).

Factors that would drive growth in the vitamin K2 market include rising consumer awareness of health benefits, demographics such as an aging population, a shift in dietary preference toward functional foods, and ongoing research to confirm its therapeutic capability. Vitamin K2, in general, is noted for having positive effects on cardiovascular health, bone health, and general well-being. The demand for Vitamin K2 supplements is predicted to grow as the focus of consumers shifts from treatment to the prevention of chronic illness and maintenance of well-being. SunDevit was first introduced to the Russian market in April 2023 by Petrovax Pharm, one of the leaders in the Russian biotech market, known for its innovative immunobiological medicines and vaccines. This new complex has been developed especially for maintaining healthiness of muscles, bones, and joints and strengthening the immune system. It is characterized by the unique combination of vitamins K2 and D3. Due to the growing rate of diseases such as osteoporosis and cardiovascular disorders worldwide, demand for resourceful products of vitamin K2 is growing. Vitamin K2 is important in maintaining healthy bones since it will help direct calcium to build bones that can lower fracture risks. It is based on studies showing that vitamin K2 could reduce the incidence of cardiac problems and avoid arterial calcification. Interest in vitamin K2 supplements is on the rise with the aging of the population and an increased incidence of these diseases.