Coenzyme Q10’s increasing use in cancer and Huntington’s disease treatment is opening up new opportunities for stakeholders. In addition to its conventional uses in treating cognitive problems and cardiovascular ailments, coenzyme Q10 is becoming increasingly popular in the cosmetics sector.
The global coenzyme Q10 market is expected to grow at a 9.1% volume CAGR between 2018 and 2028, according to the forecast. CoQ10 sales will generate roughly US$ 1,500 million in revenue by the end of 2028.
By the end of the forecast period 2021-2031, the coenzyme Q10 market is estimated to reach US$ 1.3 billion. Revenues will more than double, with pharmaceutical applications taking the lead and posting a 7% CAGR. It is expected to reach US$ 600 by 2021.
Key Segments Covered
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Product Type
- Ubiquinone Coenzyme Q10
- Ubiquinol Coenzyme Q10
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Production Method
- Coenzyme Q10 Production via Microbial Fermentation
- Coenzyme Q10 Production via Chemical Synthesis
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End Use Industry
- Coenzyme Q10 for Pharmaceuticals
- Coenzyme Q10 for Nutraceuticals
- Coenzyme Q10 for Cosmetics
- Coenzyme Q10 for Other End Use Industries
Competitive Environment
Manufacturers of coenzyme Q10 are concentrating on producing it in a variety of forms and enhancing its nutritional value.
Kaneka Corporation introduced a new product called Watashi no Chikara in January 2021. (My Energy Q10 Yogurt). The company is concentrating on marketing coenzyme Q10 through products that people enjoy and that provide nutritious value to their daily meals.
How are pharmaceutical applications driving demand for coenzyme Q10?
Pharmaceutical applications of coenzyme Q10 are expected to continue prominent, according to Fact.MR. This segment is expected to grow at a CAGR of over 7% over the forecast period.
Congestive heart failure, angina, excessive blood pressure, and cardiac arrest are all ailments that coenzyme Q10 is commonly used to treat. They’re also used to prevent migraine headaches, the beginning of Parkinson’s disease, and a variety of other ailments.
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