Press release
Coenzyme Q10 Market Trend, Industry Outlook, Growth and Forecast 2024 | Nisshin Sheifun, ZMC, Kaneka, DSM, Hwail Pharmaceutical, Vitamin ShoppeVitamin Shoppe
The research report on Coenzyme Q10 Market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size by Global Market Insights, Inc. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.Coenzyme Q10 market size from dietary supplements applications may witness significant gains at above 9%. Increasing energy generating compounds and antioxidant demand in dietary supplement product formulation due to change in consumer lifestyle among youth should drive industry growth. It is used in the formulation for oil capsules such as vegetable oil, soy bean, oral sprays, tablets, capsules and hydrophilic gels.
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Key Profiles:
• Nisshin Sheifun
• ZMC
• Kaneka
• DSM
• Hwail Pharmaceutical
• Vitamin Shoppe
• Gnosis
• Kyowa Hakko
• SourceOne
• Healthy Origins
• NBTY
• PharmaEssentia
• Pharmavite
• Tishcon Country
Asia Pacific, led by India and China Coenzyme Q10 market size, should register over USD 280 million. Emergence of small scale manufacturers along with increasing cosmetics usage in India and China should favor regional industry growth. Favorable regulatory guidelines along with positive application outlook in personal care products demand should favor CoQ10 market size.
Positive trend towards increasing application scope for dietary supplements and medical treatment industry should drive Coenzyme Q10 market size. It is used in disease treatment such as mental disorders and cardiovascular ailments.
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Few companies are engaged in distribution and supply of the product to cosmetic, dietary supplement manufacturers and pharmaceutical industries. Key raw materials used for product manufacturing include malt extract, hexane HPLC, yeast extract, absolute alcohol, tryptone, and peptone.
Europe Coenzyme Q10 market size, should witness consumption gains at above 9% by 2024. Increasing cosmetic products demand should drive regional growth. Growth in personal care and cosmetic industries in France, UK and Germany should favor regional industry growth.
U.S. Coenzyme Q10 market size from dietary supplement applications expects gains at over 8.5%. Growing awareness towards nutritional products consumption should positively influence on regional industry growth.
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CoQ10 market size from cosmetic applications are poised to generate over USD 135 million by 2024. It finds application in formulation for anti-wrinkle or anti-aging products, sunscreen lotions and moisturizing product formulations. Coenzyme Q10 is used as an antioxidant and neutralizes skin from harmful free radicals.
Coenzyme Q10 demand from pharmaceutical applications may witness significant gains over the forecast timeframe. CoQ10 deficiencies are found in diseases such as cognitive ailments, cardiovascular, and periodontal. Positive effects on Parkinson’s and migraine treatments must favor product demand in pharmaceutical applications.
Global coenzyme Q10 market share is concentrated. Key companies are Nisshin Sheifun, ZMC, and Kaneka. Other prominent companies include DSM, Hwail Pharmaceutical, Vitamin Shoppe, Gnosis, Kyowa Hakko, SourceOne, Healthy Origins, NBTY, PharmaEssentia, Pharmavite, and Tishcon Country.
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Corporate Sales, USA
Global Market Insights, Inc.
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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.
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