Menadione Market Overview
The menadione market is anticipated to register a CAGR of 8% during the forecast period, up from US$ 785.68 Mn in 2021 to reach a valuation of US$ 1831.93 Mn by 2032.
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Sales of menadione are expected to rise as the growing number of clinical research activities are connected to the development of vitamin K products in developed regions.
In addition to this, demand for menadione is rising as vitamins play an important function in both infants and adults, and several institutes are researching the bioavailability and intestinal absorption of menadione.
This is anticipated to increase the sales of menadione (Vitamin K3), as it will help healthcare providers better understand the metabolism process.
Increasing awareness about the benefits of menadione is also projected to contribute to the growth of the menadione market share.
Some of the key menadione market trends promoting the demand for menadione include the creation of drugs to help treat infants who have bleeding issues. As a result of the growing number of research activities, demand for menadione is expected to exceed menadione market growth in the near future.
What are the Key Contributors to the menadione Market Share?
In the coming years, the demand for menadione is anticipated to rise owing to lifestyle and dietary changes that contribute to vitamin K3 (menadione) deficiency in both developed and emerging countries. This will be helpful to the menadione market growth.
People who live sedentary lifestyles and consume a lot of junk food are more likely to develop chronic illnesses that cause vitamin deficiencies. As a result, the sales of menadione are likely to grow during the forecast period.
Menadione is a fat-soluble compound that is essential for tooth and bone formation. It also causes blood clotting and coagulation-inhibiting factors to be activated. As a result, the demand for menadione is forecasted to rise.
Furthermore, people who suffer from coagulation disorders as a result of a sedentary lifestyle and poor dietary habits include menadione supplements in their daily diet, which will likely augment the sales of menadione and aid the overall menadione market growth. However, medication-related adverse effects may limit the growth of the menadione market to some extent.
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Which is the Leading Region in the Menadione Market?
The North American menadione market is expected to increase at an annual rate of roughly 8% in the next years.
The rising prevalence of vitamin K-related diseases like neonatal bleeding, osteoporosis, arthritis, diabetes, and vascular calcification will have a significant positive impact on the menadione market growth.
Sedentary lifestyles, bad food consumption, and a lack of exercise is likely to activate the risk factors connected with the diseases indicated above, boosting regional sales of menadione.
In 2018, the European menadione market was worth more than USD 170 million, and it is expected to increase significantly in the following years. According to the US Institute of Medicine, Europeans consume far less menadione and phytonadione.
Who are the Key Players in the Menadione Market?
Key players in menadione market are Oxyvit Kimya San. Ve Tic. A.Fi., Dirox S.A., Haining Huawei Chemical Co., Ltd., Lier Chemical Co., Ltd., Xiangshui Huasheng Chemical Co., Ltd., Brother Enterprises Holding Co.,Ltd., Vishnu Chemicals Limited, Sigma-Aldrich Corporation, Linde Uk Holdings Limited., Foodchem International Corporation, Santa Cruz Biotechnology, Inc., and others companies.
To produce menadione, manufacturers in the menadione market should employ organic and natural sources. Due to its sophisticated extraction method, it is distinctive and expensive; manufacturers should endeavor to cut production costs and supply menadione at a reasonable price. They could strive to raise knowledge about the availability of menadione and its vitamin K content in order to attract more customers and increase the sales of menadione as well as company’s profits.
Key players in the menadione market are providing menadione at a reduced price or give customers a free trial pack, which would raise consumer knowledge of the benefits of menadione and attract additional customers.
- At a seminar organised by Nattopharma’s Chinese distribution partner Prochin in November 2017, Nattopharma debuted MenaQ7 Vitamin K2 as MK-7 in China. The product launch sought to expand the company’s existing customer base as well as its geographic reach.
- D2C and Garnet Pigden were hired by Kappa Biosciences in December 2017 to increase K2VITAL’s presence in the United States. Expanding into new geographic areas will assist the organisation in gaining a larger menadione market share.
|Segments covered||Product Grade, type, application, region|
|Regional scope||North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand|
|Country scope||U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa|
|Key companies profiled||Oxyvit Kimya San. Ve Tic. A.Fi., Dirox S.A., Haining Huawei Chemical Co., Ltd., Lier Chemical Co., Ltd., Xiangshui Huasheng Chemical Co., Ltd., Brother Enterprises Holding Co.,Ltd., Vishnu Chemicals Limited, Sigma-Aldrich Corporation, Linde Uk Holdings Limited., Foodchem International Corporation, Santa Cruz Biotechnology, Inc.|
|Customization scope||Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.|
|Pricing and purchase options||Avail customized purchase options to meet your exact research need|