Coenzyme Q10 Market is anticipated to exceed USD 1.5 billion by 2024
Category: #reports  By Madhuri Pawar  Date: 2019-02-13
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Coenzyme Q10 Market is anticipated to exceed USD 1.5 billion by 2024

The Graphical Research report presents a detailed evaluation of, "Coenzyme Q10 Market By Application (Pharmaceuticals, Dietary Supplements, Cosmetics), Industry Analysis Report, Regional Outlook, Price Trend, Competitive Market Share & Forecast, 2018 – 2024".

Coenzyme Q10 (CoQ10) Market is anticipated to exceed USD 1.5 billion by 2024. 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.

Browse key industry insights from this report @
https://www.graphicalresearch.com/industry-insights/1089/coenzyme-q10-market

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 Author

Madhuri Pawar

Email: [email protected]   

Madhuri Pawar

A post graduate in Electronics and telecommunication field, Madhuri writes for News.Marketsizeforecasters.com and carries a rich experience in digital marketing, exploring how the online world works from a marketing perspective. her other areas of interest include rea...

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