Reports And Data

Phylloquinone Market Size – USD 413.7 Million in 2018, Market Growth - CAGR of 7.8%, Market Trends – The rising demand for Phylloquinone in dietary supplements

NEW YORK CITY, NY, UNITED STATES, December 1, 2021 /EINPresswire.com/ -- The Global Phylloquinone market is forecast to reach USD 820.0 Million by 2027, according to a new report by Reports and Data. Phylloquinone can be described as a prenylated naphthoquinone, which is synthesized exclusively by green algae, certain species of cyanobacteria, plants wherein it acts as an electron acceptor for developing protein disulfide bonds, and as an essential electron carrier in photosystem I. This prenylated naphthoquinone is also referred as vitamin K1. This type of vitamin K is stable in moisture & air, and it is fat-soluble. However, this type of vitamin K degrades in sunlight. One of its mentionable natural source is green plants. It is also considered as an antidote for coumatetralyl. Vitamin K plays an essential role in the posttranslational modification of some proteins, which is mostly needed for blood coagulation. In recent years, there has been an elevating focus on vitamin K as a beneficial nutrient in cardiovascular health. This form of vitamin K is the most common dietary source of this vitamin, which is available in some plant oils and dark-green leafy vegetables. Based on various animal studies, it has been stated that the intake of this vitamin may help in minimizing the development of CVD by regulating lipoprotein metabolism and counteracting vascular calcification. Thus, the rising occurrence rate of cardiovascular diseases, growing geriatric population are some of the mentionable factors contributing to the overall growth of the sector.

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In regards to region, North America can be seen to occupy a considerable share of the market. The market share held by the region is attributed to, high demand for dietary supplements, strong application of this vitamin in the food sector, which are supporting the growth of the market in this region.

Top Key participants include Amphastar Pharmaceuticals Inc., Country Life (Kikkoman Corporation), BASF, Kappa Bioscience, DSM, NattoPharma, Livealth Biopharma, NOW Foods, Solgar Inc and Pfizer Inc.

Further key findings from the report suggest

The Phylloquinone market held a market share of USD 413.7 Million in the year 2018 that is forecasted to grow at a rate of 7.8% during the forecast period.
In context to Grade, the Food Grade segment is projected to witness a faster growth rate of 8.1% during the forecast period, which occupied more than 40.0% of the market in 2018. The growth rate witnessed by the Food Grade segment is attributed to increasing demand for dietary supplements and elevating demand of the vitamin in the food sector in these dietary supplement products, which is contributing to the growth rate witnessed by this segment. It natural availability in various food sources like green leafy vegetables, and it’s easily availability also contributes to the growth rate witnessed by this segment.
In context to Route of Administration, the Oral segment held the largest market share of 40.0% in 2018, with a CAGR of 7.9% during the forecast period. The wide availability of this vitamin in tablets, capsule, and other supplement forms and the ease of its consumption in the oral route of administration contributes to the growth rate witnessed by this segment.
In regards to Application, the Osteoporosis segment is projected to witness the fastest growth rate of 8.5% during the forecast period, which is expected to hold 18.0% of the market by 2027. The growth rate witnessed by the Osteoporosis segment is attributed to the continuous rise in the geriatric population, the increasing occurrence rate of the condition, and applicability of the vitamin in its treatment, which contributes to the growth rate witnessed by this segment. The applicability of vitamin K1 in the treatment of osteoporosis has been shown to help in maintaining bone mineral density.
In regards to the region, Europe is projected to witness a considerable growth rate of 8.0% during the forecast period, which is expected to hold more than 20.0% of the market by 2027. The growth rate witnessed by the Europe region is attributed to the continuous growth of the pharmaceutical sector, rising geriatric population, and increasing incidence rate of conditions like osteoporosis, which contributes to the expansion of the market in this region.

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For the purpose of this report, Reports and Data have segmented the global Phylloquinone market according to Grade, Route of Administration, Application, and Region:

Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
Food Grade
Pharmaceutical Grade

Route of Administration Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
Parental
Oral
Topical

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
Vitamin K deficiency
Warfarin overdose
Obstructive jaundice
Osteoporosis
Others

Key Features of the Global Phylloquinone Market Research Report:

The research report offers a detailed overview of the Phylloquinone market through thorough examination of key market features
The report provides accurate estimations and forecasts for the period 2020-2027
In-depth regional analysis and insights into the regions anticipated to show promising growth over the forecast period
Comprehensive analysis of the competitive landscape along with their financial standing, regional reach, global position, and strategic expansion tactics undertaken by them
Analysis of the recent developments and product advancements in the market

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Regional analysis covers the following key regions:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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