Press release
Coenzyme Q10 Market 2024: Pharmavite, SourceOne Healthcare Technologies, Kaneka North America and Tishcon corp
Coenzyme Q10 Market
Global Coenzyme Q10 Market size is expected to grow over USD 1.5 billion by 2024. CoQ10 is the main component of anti-aging products due to its antioxidant feature. Furthermore, the geriatric population in China, Japan, U.S., Russia, and UK are fueling the demand for these products driving Coenzyme Q10 market trends. Furthermore, an increase in the amount of cosmeceutical companies targeting or focusing on skin care applications is predicted to boost coenzyme industry growth. Its use as an essential component in functional foods and energy drinks helps in improving aerobic cellular respiration which in turn drives the industry growth.
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However, the dearth of rules in regulating/controlling the use of coenzyme Q10 in therapeutic treatment is predicted to hamper industry growth. Limited/Restricted supply of raw material types such as tryptone, hexane, and peptone can adversely impact Coenzyme Q10 market price trend.
Pharmaceutical application segment is anticipated to record a CAGR of over 9.5% during 2018-2024
The application segment comprises of cosmetics, pharmaceuticals, and dietary supplements. Coenzyme cosmetics application segment is predicted to exceed USD 140 million by the end of the forecast period with its growth attributed to its use in sunscreen lotions, anti-wrinkle products, and moisturizers.
Pharmaceutical application segment is projected to grow at more than 9.5% during the forecast timeline. Cognitive, heart, and periodontal disorders occur due to Coenzyme Q10 deficiency and its use in successfully treating Parkinson and migraine ailments is predicted to increase coenzyme Q10 market share.
Key industry players are Hwail Pharmaceutical, Pharmavite, SourceOne, Nisshin Sheifun, Kaneka, and Tishcon.
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Segments We Cover:
Coenzyme Q10 Market statistics,By Application
• Pharmaceutical
• Dietary Supplements
• Cosmetics
• Others
The above information has been provided for the following regions and countries:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Russia
• Poland
• Asia Pacific
• China
• India
• Japan
• LATAM
• Brazil
• Mexico
• MEA
Browse key industry insights from this 2018 report Coenzyme Q10 Market in detail along with the table of contents at:
https://www.graphicalresearch.com/industry-insights/1089/coenzyme-q10-market
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