Coenzyme Q10 (CoQ10) Market Report

Coenzyme Q10 (CoQ10) Market Analysis By Application (Dietary Supplements, Pharmaceuticals, Cosmetics) And Segment Forecasts To 2024

  • Published Date: Nov, 2014
  • Base Year for Estimate: 2013
  • Report ID: 978-1-68038-245-7
  • Format: Electronic (PDF)
  • Historical Data: 2011-2013
  • Number of Pages: 80

Industry Insights

The global CoQ10 market was valued at USD 402.4 million in 2015. Growing consumer awareness regarding the benefits offered by it in treating various ailments is expected to remain a key driving factor for the global Coenzyme Q10 market over the forecast period.

U.S. CoQ10 market revenue by application, 2014 - 2024 (USD Million)

U.S. CoQ10 market

Inherent benefits of the product in medical applications to foster heart health, treat cancer, and Huntington’s disease has also contributed towards market growth. The coenzyme was conventionally utilized in the treatment of cardiovascular ailments and cognitive illnesses, as well as an effective component in treating periodontal diseases.

Estimates by the World Health Organization (WHO) predict that the number of cancer patients is likely to rise considerably by 2030. This factor is expected to fuel Coenzyme Q10 demand over the future.

CoQ10 is responsible for transferring electrons and aerobic cellular respiration in diverse organisms. It is majorly found in organs that require high energy such as liver, kidney, and heart. The product is industrially manufactured via yeast fermentation, although it can also be produced by bacteria fermentation for small scale purposes.

The market is expected to witness significant growth in fast growing applications such as cosmetics, which include anti-ageing and sunscreen creams. Growing consumer disposable income on account of economic growth in emerging economies such as China, India, Mexico and Brazil is driving the demand for natural & organic cosmetic ingredients, which in turn is crucial for the Coenzyme Q10 industry.

Growing geriatric population in countries such as the U.S., UK, Russia, China and Japan coupled with growing prevalence of ailments & diseases, particularly in developing economies of Asia Pacific, have resulted in high demand for nutricosmetics manufactured from coenzymes. The material has inherent antioxidant properties and provides biological energy to promote skin repair.

CoQ10 is sold only as a dietary supplement, restricting its potential applications in the medical industry. Stringent government & federal regulations regarding drug usage are expected to hinder growth over the forecast period. However, rising awareness regarding benefits in eye care and cognitive diseases treatment is expected to offer lucrative opportunities over the forecast period.

Application Insights

Dietary supplements emerged as the largest application segment with Coenzyme Q10 volume estimated at over 1,000 tons in 2015. Segment growth is likely to be driven by advantageous product characteristics that include antioxidant and energy generation properties. Growing health concerns among consumers are expected to drive nutricosmetics demand over the future.

Pharmaceuticals emerged as the fastest growing application, with an estimated CAGR of 10.4% from 2016 to 2024. Growing application scope in ailment of cognitive diseases, eye care, cancer and heart diseases, coupled with rising number of cardiovascular disease patients is expected to fuel demand.

Regional Insights

North America was the dominant regional market accounting for over half of the overall volume in 2015. The region is expected to maintain its dominance owing to high demand in cosmetic applications. However, stringent regulations regarding product usage in medical ailments are expected to hinder growth.

Asia Pacific emerged as the fastest growing regional market, with an estimated CAGR of 10.8% from 2016 to 2024.Transitioningconsumer lifestyles, coupled with growing health concerns in emerging economies such as India and Japan is expected to drive segment growth.

Competitive Insights

The market is highly concentrated with top four companies accounting for over 60% of the overall volume. Key players operating in the global Coenzyme Q10 market include Kyowa Hakko U.S.A. Inc., Gnosis S.p.A., Kaneka Corporation, DSM Nutritional Products, Hwail Pharmaceutical Company Ltd., PharmaEssentia Corporation, ZMC LLC and Nisshin Seifun Group, Inc.

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $4,250
Multi User (2-5) - $5,250
Enterprise Access - $7,250

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified