Coenzyme Q10 CoQ10 Market worth USD 1Bn by 2024 | DSM : The Vitamin Shoppe : Pharmavite : Healthy Directions, Country Life : NBTY Europe : Kyowa Hakko USA : KANEKA CORPORATION : Tishcon corp : Hwail Pharm Co Ltd
Apart from the cosmetic sector, the product is predominantly used in the medical treatment of cancer, kidney failure, and neurological disorders. In fact, CoQ10 based medicines are prominently used in the treatment of cardiovascular ailments and cognitive illnesses. In consequence, coenzyme Q10 market share from pharmaceutical applications will exhibit an annual growth rate of 9.5% over the coming seven years. Surging need of the product for the treatment of Parkinson’s disease and migraine disorders will boost the industry growth.
Shifting focus of the consumers toward personal care and health has led to the growing use of functional beverages and personal care products, mainly across North America. North America coenzyme Q10 industry surpassed a revenue collection of USD 200 million in 2015 and will register noticeable CAGR over the years ahead. The federal agency FDA has approved the product to be used as primary dietary supplement, which will fuel the product demand noticeably. U.S. will be the prominent revenue contributor toward North America CoQ10 market share.
Growing industrialization across the globe has led to increased levels of environmental pollution, which has caused considerable damage to the skin, thereby leading to a surging prevalence of various skin diseases. This product has capability to generate biological energy, which is used to treat the skin. Moreover, it is extensively used in the manufacture of anti-aging products pertaining to its antioxidant property. To eliminate skin damage due to UV radiation, CoQ10 based sunscreen creams have been penetrating the market of late, which will eventually augment coenzyme Q10 industry size.
Global coenzyme Q10 market share is concentrated with top four industry participants catering to over 50% of total demand in 2015. DSM, The Vitamin Shoppe, Pharmavite, Healthy Directions, Country Life, NBTY Europe, Kyowa Hakko USA, KANEKA CORPORATION, Tishcon corp, Hwail Pharm Co Ltd, Nisshin Seifun Group Inc., Pharmaessentia Corporation, NATURAL ORGANICS, ZMC-USA, SourceOne Global Partners, Healthy Origins, Quten Research Institute
Make an Inquiry before buying @ https://www.gminsights.com/inquiry-before-buying/741
Companies such as PharmaEssentia and Gnosis are suppliers and distributors to end users such as cosmetic manufacturers, dietary & nutraceutical manufacturer and pharmaceutical producers. These corporations have intergrated their process to decrease supplier cost and increase` profitability.
Cosmetic application segment of coenzyme Q10 market will surpass a revenue generation of USD 140 million by 2024, subject to the escalating use of CoQ10 in various cosmetic products such as moisturizing skin creams, sunscreen lotions, and anti-wrinkle creams. Europe is a major consumer and producer of cosmetics. The demand for cosmetic products across this region has been increasing y-o-y. In consequence, Europe coenzyme Q10 market will generate considerable revenue with an annual growth rate of more than 9% over the coming seven years. The presence of a huge cosmetics and personal care industrial base across this region will contribute toward the development of this market. Germany, UK, and France will be the major revenue contributors of coenzyme Q10 market share.
Health consciousness among the people is on an exponential rise lately. In addition, to avoid malnourishment among toddlers and the aged, people have been giving preferences to dietary supplements. Subject to the fact that Q10 is a major constituent of these supplements, coenzyme Q10 market share will experience a subsequent boost. These CoQ10 based supplements help to strengthen the antioxidant function as well as to improve blood levels. Moreover, this product is also used to prevent the diseases like metabolism disorder and cellular oxidative damage, which will further propel the product demand.
Regionally, Asia Pacific coenzyme Q10 market will record a CAGR of more than 10% over 2016 to 2024. This surging growth rate can be attributed to the increasing awareness regarding the usage of nutritional products along with the rising disposable income across this region.
Browse key industry insights spread across 95 pages with 74 market data tables & 14 figures & charts from the report, “Coenzyme Q10 (CoQ10) Market Size By Application (Pharmaceutical, Dietary Supplements, Cosmetics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, Brazil, Mexico), Price Trend, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Explore Our Blog @ http://algosonline.com/news
Connect with us: Facebook | Google+ | LinkedIn | Twitter
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Coenzyme Q10 CoQ10 Market worth USD 1Bn by 2024 | DSM : The Vitamin Shoppe : Pharmavite : Healthy Directions, Country Life : NBTY Europe : Kyowa Hakko USA : KANEKA CORPORATION : Tishcon corp : Hwail Pharm Co Ltd here
News-ID: 1586624 • Views: 538
More Releases from Global Market Insights, Inc.
Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across
More Releases for Q10
Coenzymes Q10 Market Key Drivers & On-going Trends 2017-2022
Increasing penetration of coenzyme Q10 in cancer and Huntington’s disease treatment is creating new growth avenues for stakeholders. In addition to traditional applications in treating cognitive illnesses and cardiovascular diseases, demand for coenzyme Q10 is also complemented by growing adoption in cosmetics industry. The outlook on the global coenzyme Q10 market remains positive, with a 9.1% volume CAGR projected for the period between 2018 and 2028. Revenues from global sales of CoQ10
Coenzymes Q10 Market Poised to Garner Maximum Revenues During 2028
Coenzyme Q10 (CoQ10) has been associated with numerous therapeutic benefits in Huntington’s disease and cancer, as well as inherent benefits in medical applications for fostering cardiac health. CoQ10 has sought extensive adoption in the treatment of cognitive ailments, cardiovascular disorders, and periodontal diseases. The WHO foresees the number of cancer patients to increase considerably by 2030-end, which in turn will create high demand for CoQ10 in the near future. Click Here
Coenzymes Q10 Market to Witness Increase in Revenues by 2028
Coenzyme Q10 (CoQ10) has been associated with numerous therapeutic benefits in Huntington’s disease and cancer, as well as inherent benefits in medical applications for fostering cardiac health. CoQ10 has sought extensive adoption in the treatment of cognitive ailments, cardiovascular disorders, and periodontal diseases. The WHO foresees the number of cancer patients to increase considerably by 2030-end, which in turn will create high demand for CoQ10 in the near future. Fact.MR’s recently
Global Coenzyme Q10 Consumption Market Professional Survey Report 2017
Coenzyme Q10 Consumption Wiseguyreports.Com Adds “Coenzyme Q10 Consumption Market -Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022” To Its Research Database. Get Sample Report @ https://www.wiseguyreports.com/sample-request/1313072-global-coenzyme-q10-consumption-market-professional-survey-report-2017 Covered In This Report: This report studies Coenzyme Q10 Consumption in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast
United States Coenzyme Q10 Market Forecasts to 2021 and Analysis
“United States Coenzyme Q10 Market by Manufacturers, States, Type and Application, Forecast to 2021” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. The United States Coenzyme Q10 Market 2016 Research Report is a professional in-depth study report and indeed a valuable source of guidance and direction for companies and individuals interested in the market. There has been an increasing demand for United States Coenzyme Q10 Market, so several market analysts have
Coenzyme Q10 Market Pegged for Robust Expansion by 2026
The market of Coenzyme Q10 is expected to witness modest growth in the coming years. High medicinal value of Coenzyme Q10 coupled with its increasing demand in the cosmetic applications, such as sunscreen lotions and anti-ageing creams are expected to drive the growth of global coenzyme Q10 market. Additionally, its high growth can be attributed to various macro-economic factors such as growing geriatric population, recovered GDP, increased disposable income, increasing