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Vitamin K Market Size
- Report ID: GMI1481
- Published Date: May 2023
- Report Format: PDF
Vitamin K Market Size
Vitamin K Market size reached USD 839 million in 2022 and is estimated to witness 8.7% CAGR from 2023-2032. Surging burden of coagulation disorders to push industry growth.
The growing burden of chronic diseases, such as diabetes, arthritis, and cardiovascular diseases worldwide, along with the consequent adverse health impacts will drive vitamin K demand. As per estimates, more than 71 million individuals aged 50 and over are affected by at least one chronic disease in the U.S., with the number rising to over 142 million by 2050. The increasing prevalence of coagulation disorders driven by the adoption of unhealthy lifestyles as well as the deficiency of vitamin K will further foster the industry development.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Vitamin K Market Size in 2022: | USD 839 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 8.7% |
| 2032 Value Projection: | USD 1.9 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 394 |
| Segments covered: | Type, Application, Route of administration, Distribution channel, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Several adverse effects associated with vitamin K may pose as a major barrier for the vitamin K market expansion. The increasing incorporation of vitamin K as a supplement in diets may impact the normal functioning and lead to general body swelling and decreased appetite. The over-intake of vitamin K can also result in upset stomach and diarrhoea, further limiting the product demand.
Frequently Asked Questions (FAQ) :
Vitamin K Market Scope
