Marketsandmarket Vitamin K3 Market Size Analysis, Segmentation, Ind

Vitamin K3 Market Profile | Size, Share &
Geography | Forecast To 2028
“Vitamin K3 Market Research Report provide brief analysis of
industry by size, production, specification, shares, types,
applications, manufacturers, gross margin, competitors, price,
forecast and SWOT analysis.”
Global Vitamin K3 Market is anticipated to witness an exponential growth in the forecast period. Vitamin K3 is also
known as “Menadione”. It is an organic compound used as a nutritional supplement. At present, it is being used in
pharmaceutical products and animal feed as well as in research for treatment of prostate cancer. Factors such as
increase in vitamin deficiency and rise in consciousness regarding vitamin supplements. In addition, change in
consumer lifestyle along with an increase in beauty products usage and increasing health awareness among the
population are likely to propel the vitamin K3 market in the forthcoming period.
On the other hand, stringent rules set by government establishments such as FDA and low product penetration in
emerging countries are anticipated to hinder the market growth in the future. However, technological progressions in
vitamin delivery systems are likely to create lucrative opportunities for the market. Globally, market is anticipated to
expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing
across the globe.
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Vitamin K3 market is segmented by grade type, application, distribution channel, and geography. Market is segmented
by grade type as feed grade, food grade, and pharmaceutical grade. The “Pharmaceutical Grade” segment accounted
for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factor that
could be attributed to the growth of the market includes high demand from key industries.