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According to the latest research, the global Vitamin K3 market size was valued at USD 287.63 million in 2022 and is expected to expand at a CAGR of 8.45% during the forecast period, reaching USD 467.86 million by 2028.
Vitamin K3, also known as menadione, is an organic compound with the chemical formula C11H8O2. It is clinically a procoagulant and can be used to treat hemorrhagic diseases caused by vitamin K deficiency, such as neonatal hemorrhage, low prothrombin blood, etc. Menadione contain some vitamin K activity, it is commonly placed in livestock feed and some pet food to increase nutrient content.
Market Drivers and Impact
Vitamin K3 is involved in the synthesis of gassonase in animal liver, promoting the formation of gassonase primary, and has unique hemostatic function; it can effectively prevent the weakness of livestock physique, subcutaneous and internal organs bleeding; Function; participate in the formation of poultry embryos to ensure the survival rate of young chicks. As an indispensable nutritional cable for livestock and poultry life activities, it is a must -have for animal feed.
The agricultural industry in the Asia -Pacific region has a long history, and the animal husbandry and breeding industry have been continuously developed, and it has transformed into modernization. The demand for animal feed is large. In China, the feed industry continues to integrate and transforms to modernization. For example, thanks to the continuous growth and modernization of the pig industry, the feed production of pig farms has shifted from the use of food processing to professional feed production; at the same time Demand for aquatic feed. In general, the modern transformation of agricultural agriculture in the Asia -Pacific region, such as China's agricultural transformation, promotes the demand for animal feed and drives the development of vitamin K3 market.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Brother Enterprises, Zhenhua Chemical and Vanetta, with the revenue market share of 33.48%, 25.62% and 12.80% in 2021.
Brother Enterprises Holding Co., Ltd. was established in 1991, with its headquarters located in Haining City, Zhejiang Province. After years of development, Brother Enterprises has now grown into an international chemical group covering four business divisions of leather chemicals, vitamins, spices and active pharmaceutical ingredients, and having multiple wholly-owned subsidiaries. In addition, it has established four professional production bases respectively in Zhejiang Province, Jiangsu Province and Jiangxi Province, China as well as Newcastle, South Africa.
Zhenhua Chemical
The company specializes in research, development, production and marketing of chromium salt products, mainly including sodium bichromate, chromic acid anhydride, crystal chromic acid anhydride, liquid chromic anhydride, chrome oxide green, potassium dichromate, basic chrome sulphate, vitamin K3, sodium sulphate, aluminium hydroxide, etc. Its leading products —chromic acid anhydride and sodium bichromate were entitled as Hubei brand. “Chugao” chromium salt products are not only sold in markets throughout China, but also exported to several countries and regions in Europe, America, Africa and Southeast Asia, enjoying high reputation and popularity both at home and abroad. The company enjoys high trust and good reputation for its first-rate quality and service.
Segmentation Overview:
Among different product types, MSB segment is anticipated to contribute the largest market share in 2028.
Menadione is insoluble in water, irritating to the skin, eyes and respiratory system and it decomposes rapidly and for these reasons menadione is usually not used as such in commercial feeds and premixes, but is formulated with sodium bisulfite and derivatives thereof.
Menadione sodium bisulphite, Chemical formula: C11H9NaO5.
MSB is essential for the life of animals, which takes participation in the synthesis of hepatic prothrombin in the liver,, takes a unique hemostatic effect and simultaneously prevents the animals from the weakness and subcutaneous hemorrhage.
Menadione Nicotinamide Bisulfite, molecular formula: C17H16N2O6S.
MNB has higher stability and biological activity than MSB and MPB; and has the dual effects of vitamin K and nicotinamide, which is given higher economical; its dissolving speed and solubility in water are far lower than MSB, which is more applicable In aquatic feed.
Menadione Dimethyl-Pyrimidinol Bisulfite (MPB) is a white to brownish free-flowing powder. It is a stabilized form of Vitamin K3. It has minimum 43,7% of menadione content.
Application Overview:
By application, the Feed Additives segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Vitamin K3 industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Vitamin K3. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Vitamin K3 Market Report Include:
Market Size Estimates: Vitamin K3 market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Vitamin K3 market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Vitamin K3 market
Segment Market Analysis: Vitamin K3 market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Vitamin K3 market situations and prospects in major and top regions and countries
Vitamin K3 Market
Vitamin K3 Industry Chain: Vitamin K3 market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Vitamin K3 Industry News, Policies by regions
Vitamin K3 Industry Porters Five Forces Analysis
Key players in the global Vitamin K3 market are covered in Chapter 2:
Brother Enterprises
Shandong Huasheng
Oxyvit
Vanetta
Dirox
Peace Chemical
Zhenhua Chemical
In Chapter 6 and Chapter 9, on the basis of types, the Vitamin K3 market from 2018 to 2028 is primarily split into:
MSB
MNB
MPB
In Chapter 7 and Chapter 10, on the basis of applications, the Vitamin K3 market from 2018 to 2028 covers:
Food and Medicine
Feed Additives
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Vitamin K3 market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Vitamin K3 industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Vitamin K3 market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Vitamin K3 industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Vitamin K3 market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Vitamin K3 market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Vitamin K3 market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Vitamin K3, also known as menadione, is an organic compound with the chemical formula C11H8O2. It is clinically a procoagulant and can be used to treat hemorrhagic diseases caused by vitamin K deficiency, such as neonatal hemorrhage, low prothrombin blood, etc. Menadione contain some vitamin K activity, it is commonly placed in livestock feed and some pet food to increase nutrient content.
Market Drivers and Impact
Vitamin K3 is involved in the synthesis of gassonase in animal liver, promoting the formation of gassonase primary, and has unique hemostatic function; it can effectively prevent the weakness of livestock physique, subcutaneous and internal organs bleeding; Function; participate in the formation of poultry embryos to ensure the survival rate of young chicks. As an indispensable nutritional cable for livestock and poultry life activities, it is a must -have for animal feed.
The agricultural industry in the Asia -Pacific region has a long history, and the animal husbandry and breeding industry have been continuously developed, and it has transformed into modernization. The demand for animal feed is large. In China, the feed industry continues to integrate and transforms to modernization. For example, thanks to the continuous growth and modernization of the pig industry, the feed production of pig farms has shifted from the use of food processing to professional feed production; at the same time Demand for aquatic feed. In general, the modern transformation of agricultural agriculture in the Asia -Pacific region, such as China's agricultural transformation, promotes the demand for animal feed and drives the development of vitamin K3 market.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Brother Enterprises, Zhenhua Chemical and Vanetta, with the revenue market share of 33.48%, 25.62% and 12.80% in 2021.
Brother Enterprises Holding Co., Ltd. was established in 1991, with its headquarters located in Haining City, Zhejiang Province. After years of development, Brother Enterprises has now grown into an international chemical group covering four business divisions of leather chemicals, vitamins, spices and active pharmaceutical ingredients, and having multiple wholly-owned subsidiaries. In addition, it has established four professional production bases respectively in Zhejiang Province, Jiangsu Province and Jiangxi Province, China as well as Newcastle, South Africa.
Zhenhua Chemical
The company specializes in research, development, production and marketing of chromium salt products, mainly including sodium bichromate, chromic acid anhydride, crystal chromic acid anhydride, liquid chromic anhydride, chrome oxide green, potassium dichromate, basic chrome sulphate, vitamin K3, sodium sulphate, aluminium hydroxide, etc. Its leading products —chromic acid anhydride and sodium bichromate were entitled as Hubei brand. “Chugao” chromium salt products are not only sold in markets throughout China, but also exported to several countries and regions in Europe, America, Africa and Southeast Asia, enjoying high reputation and popularity both at home and abroad. The company enjoys high trust and good reputation for its first-rate quality and service.
Segmentation Overview:
Among different product types, MSB segment is anticipated to contribute the largest market share in 2028.
Menadione is insoluble in water, irritating to the skin, eyes and respiratory system and it decomposes rapidly and for these reasons menadione is usually not used as such in commercial feeds and premixes, but is formulated with sodium bisulfite and derivatives thereof.
Menadione sodium bisulphite, Chemical formula: C11H9NaO5.
MSB is essential for the life of animals, which takes participation in the synthesis of hepatic prothrombin in the liver,, takes a unique hemostatic effect and simultaneously prevents the animals from the weakness and subcutaneous hemorrhage.
Menadione Nicotinamide Bisulfite, molecular formula: C17H16N2O6S.
MNB has higher stability and biological activity than MSB and MPB; and has the dual effects of vitamin K and nicotinamide, which is given higher economical; its dissolving speed and solubility in water are far lower than MSB, which is more applicable In aquatic feed.
Menadione Dimethyl-Pyrimidinol Bisulfite (MPB) is a white to brownish free-flowing powder. It is a stabilized form of Vitamin K3. It has minimum 43,7% of menadione content.
Application Overview:
By application, the Feed Additives segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Vitamin K3 industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Vitamin K3. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Vitamin K3 Market Report Include:
Market Size Estimates: Vitamin K3 market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Vitamin K3 market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Vitamin K3 market
Segment Market Analysis: Vitamin K3 market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Vitamin K3 market situations and prospects in major and top regions and countries
Vitamin K3 Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Vitamin K3 Industry Chain: Vitamin K3 market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Vitamin K3 Industry News, Policies by regions
Vitamin K3 Industry Porters Five Forces Analysis
Key players in the global Vitamin K3 market are covered in Chapter 2:
Brother Enterprises
Shandong Huasheng
Oxyvit
Vanetta
Dirox
Peace Chemical
Zhenhua Chemical
In Chapter 6 and Chapter 9, on the basis of types, the Vitamin K3 market from 2018 to 2028 is primarily split into:
MSB
MNB
MPB
In Chapter 7 and Chapter 10, on the basis of applications, the Vitamin K3 market from 2018 to 2028 covers:
Food and Medicine
Feed Additives
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Vitamin K3 market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Vitamin K3 industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Vitamin K3 market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Vitamin K3 industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Vitamin K3 market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Vitamin K3 market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Vitamin K3 market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an
in-depth analysis of the
overall growth prospects...
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by
highlighting information on
different aspects including drivers, restraints...
