The global CoQ10 market stood at approximately 24 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 10.1% during the forecast period until 2034.
Coenzyme Q10 (CoQ10), a vital compound found in every cell of the body, plays a crucial role in cellular energy production and serves as a potent antioxidant. Widely used as a dietary supplement, CoQ10 has garnered attention for its diverse health benefits across multiple domains. In the realm of cardiovascular health, studies suggest that CoQ10 supplementation may help improve heart function and reduce the risk of cardiovascular events, making it a valuable adjunctive therapy for conditions such as heart failure, hypertension, obesity, and diabetes. It is often used in supplements to support cardiovascular health, boost energy levels, and as an adjunctive therapy for certain medical conditions. CoQ10 is a popular ingredient in skincare products due to its antioxidant properties, which help to neutralize free radicals and protect the skin from oxidative stress, thus as an anti-ageing agent. CoQ10 is used as a dietary supplement in various food and beverage products. It is often added to functional foods, such as energy bars and drinks, to enhance their nutritional value and promote energy production at the cellular level.
The Coenzyme Q10 (CoQ10) market is propelled by several key drivers and trends. Firstly, the aging population globally drives the demand for health supplements containing CoQ10, as older individuals seek products to support cardiovascular health and combat age-related issues. Additionally, the rising health consciousness among consumers contributes to increased awareness of CoQ10's benefits, prompting a higher demand for natural ingredients and supplements supporting overall well-being. Moreover, the expanded applications of CoQ10 beyond traditional supplements, functional foods, and beverages further boost its market potential. Technological advancements have led to the development of more stable and bioavailable forms of CoQ10, enhancing its efficacy and enabling its use in a broader range of products. Continued investment in research and development efforts aimed at uncovering new therapeutic applications and formulations for CoQ10 drives further market growth, supported by regulatory bodies' recognition of CoQ10's safety and effectiveness in supplements and nutraceuticals. The global CoQ10 market is likely to reach approximately 70 thousand tonnes in 2034.
The Asia Pacific region is positioned to emerge as the swiftest-developing market area, driven by its expanding Pharma and Nutra industries. This growth is particularly evident with numerous manufacturing enterprises establishing operations in China. Furthermore, significant end-use sectors like pharmaceuticals and dietary supplements are experiencing notable expansion, further fuelling the region's market growth. With a burgeoning industrial landscape and a concentration of manufacturing facilities in China, the Asia Pacific region stands out as a dynamic hub for market expansion. This trend is reinforced by the robust growth observed in key sectors such as pharmaceuticals and dietary supplements, curating opportunities for market development and investment across the region.
Based on the end-use industry, the global CoQ10 market is divided into Food & Beverages, Pharmaceuticals & Nutraceuticals, Cosmetics & Personal Care, and Others. Among these industries, Pharmaceuticals & Nutraceuticals is the dominating segment and consumed about 70% of the global CoQ10 market in 2023.
Major players in the Global CoQ10 market are Kaneka Corporation, Mitsubishi Gas Chemical Company, Inc., Gnosis, Hwail Pharmaceutical Co., Ltd.,Yowa Hakko U.S.A., Inc., Dsm Nutritional Products Ag, Pharmaessentia Corporation, Zmc-Usa Llc, Nisshin Seifun Group Inc., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of CoQ10 which covers production, demand and supply of CoQ10 market in the globe.
• To analyse and forecast the market size of CoQ10
• To classify and forecast Global CoQ10 market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of CoQ10 market in the globe.
To extract data for Global CoQ10 market, primary research surveys were conducted with CoQ10 manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global CoQ10 market over the coming years.
ChemAnalyst calculated CoQ10 demand across the globe by analyzing the volume of CoQ10 consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• CoQ10 manufacturers and other stakeholders
• Organizations, forums and alliances related to CoQ10 distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as CoQ10 manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global CoQ10 market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
24 thousand tonnes
Market size Volume in 2034
70 thousand tonnes
Growth Rate
CAGR of 10.1% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Pharmaceuticals & Nutraceuticals, Cosmetics & Personal Care, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of CoQ10 market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for CoQ10.
3. Capacity By Location
To better understand the regional supply of CoQ10 by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of CoQ10 by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Food & Beverages, Pharmaceuticals & Nutraceuticals, Cosmetics & Personal Care, and Others) are creating a market and the forecast for the growth of the CoQ10 market.
7. Demand by Region
Analyzing the change in demand of CoQ10 in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell CoQ10. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of CoQ10.
10. Company Share
Figure out what proportion of the market share of CoQ10 is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of CoQ10.
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supply of the product in the market at a Global level.
What was the total market size of CoQ10 in terms of volume in 2023?
Ans:
The global market size of CoQ10 had reached approximately 24 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of CoQ10?
Ans:
Pharmaceuticals & Nutraceuticals industry is the leading end-user industry of CoQ10 globally.
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Ans:
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