Food & Beverage

Global Coenzyme q10 Market to 2026: Kyowa Hakko U.S.A. Inc., Hwail, Nisshin Pharma Inc., Koninklijke DSM N.V., PharmaEssentia Corporation

Global Coenzyme q10 Market By Source (Meat, Fish, Whole Grains, Others), Application (Dietary Supplements, Cosmetics, Functional food, Pharmaceutical, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Global coenzyme q10 market is expected to register a healthy CAGR of 10.3% during the forecast period of 2019-2026. The report contains data of the base year 2018 and the historic year 2017. Increase in demand for energy drinks and functional foods formulation worldwide propels the market growth. A few of the major competitors currently working in global coenzyme q10 market are Merck KGaA, New Image International, Kyowa Hakko U.S.A. Inc., Hwail, Nisshin Pharma Inc., Koninklijke DSM N.V., PharmaEssentia Corporation, Zhejiang Medicine, Otsuka Holdings Co.,Ltd., Kaneka Corporation among others.

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Market Definition: 

Coenzyme Q10 is an active ingredient which is fat soluble. It is found in tissues of human body and plays an important role in the growth of the living cells. The CoQ10 is found in meat, fish and whole grains that can be extracted by using certain technology and can be prepared as capsule and tablets. Coenzyme Q10 level in human body decreases with age which may leads to health issues such as mitochondrial disorders and congestive heart failure. Hence, consumption of Coenzyme Q10 can help in reducing these health problems in human.

Market Drivers:

  • Increased rate of heart failure among people; may help the market to grow in the forecast period
  • Rising awareness about  the medical value and the  benefits offered by Coenzyme Q10  is expected to drive the growth of the market
  • Increase in the demand in cosmetic applications which is propelling the market growth
  • Growing per capita health expenditure is fuelling the growth of the market in the forecast period

Market Restraints:

  • Side effects such as upper abdominal pain, loss of appetite and nausea among others may hamper the growth of the market
  • Shortage of raw materials, restrict the market growth in the forecast period
  • Strict regulations with the use of coenzyme Q10 in the pharmaceutical industry may also decline the market in the forecast period

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Segmentation: Global Coenzyme q10 Market

By Source

  • Meat
  • Fish
  • Whole Grains
  • Others

By Applications

  • Dietary Supplements
  • Cosmetics
  • Functional Food
  • Pharmaceutical
  • Others

By Geography

  • North America
    • S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • Sweden
    • Poland
    • Denmark
    • Italy
    • K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • New Zealand
    • Vietnam
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Oman
    • Qatar
    • Kuwait
    • South Africa
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In September 2019, USANA, leader in cellular nutrition has got approval from third-party tester ConsumerLab.com, for its coenzyme Q10 (CoQ10) supplement called CoQuinone 30. Owing to this approval USANA, has able to sustain its position in the market by delivering the highest quality products
  • In December 2017, Kaneka Corporation has signed an agreement to settle with Shenzhou Biology and Technology Co., Ltd. With this agreement now the Kaneka Corporation will distribute its product Q10 in North America as one of its channel. With this agreement the company has increased its share of the oxidized coenzyme Q10 market in North America.

Competitive Analysis:

Global coenzyme q10 market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of coenzyme q10 market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Competitive analysis of key competitors involved in the market
  • Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
  • Market Drivers and Restraints analysis along with the analysis of the market structure

Download Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-coenzyme-q10-market

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