Coenzyme Q10 cares the mental growth of a person and its use in everyday diet can help in inhibiting neurodegenerative disorders in aging populations.
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Coenzyme Q10 Market is is anticipated to exceed USD 1.5 billion by 2024, according to a new research report by Graphical Research. Coenzyme Q10 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.
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.
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Coenzyme Q10 industry is segmented in terms of applications and regions. 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.
North America, dominated by U.S. Coenzyme Q10 (CoQ10) industry share, worth over USD 270 million during 2017 is predicted to witness substantial growth due to major contributions by U.S. coenzyme Q10 (CoQ10) market in personal care products and functional beverages.
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
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About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1089/coenzyme-q10-market
Source URL: https://marketersmedia.com/coenzyme-q10-market-is-expected-to-record-9-cagr-over-2018-2024/455651
Source: MarketersMedia
Release ID: 455651
