Coenzymes Q10 Market Projected to Augment at a Notable CAGR during the Forecast Period until 2028
A recently collated, insightful Fact.MR report foresees the global coenzyme Q10 market to rise at a value CAGR of 9.2% between the period of forecast 2018 and 2028. Roughly 2,670,000 kgs of coenzyme Q10 are pegged to be sold globally by 2028-end.
[UKPRwire, Tue Dec 11 2018] Increasing penetration of coenzyme Q10 in cancer and Huntington’s disease treatment is creating new growth avenues for stakeholders. In addition to traditional applications in treating cognitive illnesses and cardiovascular diseases, demand for coenzyme Q10 is also complemented by growing adoption in cosmetics industry. The outlook on the global coenzyme Q10 market remains positive, with a 9.1% volume CAGR projected for the period between 2018 and 2028. Revenues from global sales of CoQ10 will reach approximately US$ 1,500 Mn by 2028-end.
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Formulation Blending & Forward Integration to Remain Key Strategies Employed by Market Players
Merging of different formula for developing a more effective product to be a key focus area of CoQ10 manufacturers. The report further states that prominent stakeholders in the global coenzyme Q10 market are focusing on forward integration, in order to reduce supplier costs and yield profitability. Manufacturers who incorporate energy generating compounds and antioxidants such as CoQ10 in their dietary supplement products are set to account for larger shares of the market in the foreseeable future.
Ubiquinol Preferred Over Ubiquinone -- Global Sales to Surpass US$ 800 Mn by 2028-end
End-users are showing a marked preference for ubiquinol, and it is likely that over the forecast period, value sales of ubiquinol are likely to outgrow those of ubiquinone. Over US$800 Mn worth of ubiquinol is envisaged to be sold worldwide by 2028-end. High rise of ubiquinol in the coenzyme Q10 market is attributed to its potential in curtailing production of oxidative stress by free radical damage linked with strenuous exercises.
Ubiquinol has also been witnessed to enhance the overall performance and power output in elite athletes. Despite similar effectiveness of ubiquinone as that of ubiquinol, the latter will gain more ground in the market on account of its better absorption capability.
CoQ10 for Minimizing Outcomes of Specific Metabolic Diseases
An endogenously produced compound, coenzyme Q10 is found in human cells, and plays an imperative role in production of energy by serving as mobile electron carrier in electron transport chain within mitochondria. CoQ10 also acts as excellent antioxidant outside mitochondria by working synergistically with various other antioxidants such as vitamin E. Widely available as an OTC supplement, coenzyme Q10 has gained momentum in light of its therapeutic effectiveness in minimizing outcomes of specific metabolic disorders, namely, cancer, neurodegenerative disease, diabetes, and cardiovascular diseases.
Researchers from Auburn University, University of Alabama, and Samford University have stated that CoQ10 supplementation has depicted positive outcomes in patients on statin medications. According to the researchers, supplementation of CoQ10 in individuals who participate in strenuous exercises has been witnessed to impart beneficial effects, albeit data is conflicting with regard to other physical activities.
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Coenzyme Q10 – A Miracle for Skin
A recent study carried out by a leading skin care company, Beiersdorf AG, slates that the CoQ10 enzyme is an ultimate anti-ageing ingredient, which enables the development of more effective anti-wrinkle and anti-ageing products. Q10 is essentially likened to vitamin, which breakdowns all cells in a human body, providing skin-cells with the required energy. Q10 has been deemed equally important for skin cells, heart, and liver.
An average human body naturally produces Q10, however the production rate slows down as the body ages. Without CoQ10, the skin is unable to produce collagen required for continuous support and retention of elasticity & firmness of the skin. According to the study, lack of CoQ10 poses serious effects on the skin, as there is a deficiency of essential energy and nutrient supply.
CoQ10 energizes the skin and helps prevent premature ageing. Skin care companies such as Beiersdorf are offering CoQ10 product ranges that protect the skin from the UVB/UV rays. One of such latest developments includes NIVEA Q10 range by Beiersdorf, which the company claims to offer remarkable anti-wrinkle and anti-ageing effects.
Table of Content:
- Executive Summary
1.1. Summarizing Key Findings
1.2. Wheel of Fortune
1.3. Opportunity Assessment
1.4. Mega Trends
- Global Coenzyme Q10 Market Introduction
- Global Coenzyme Q10 Industry Overview
3.1. Global Coenzyme Q10 Market Value & Volume Forecast and Analysis
3.2. Forecast Factors and Relevance of Impact
3.3. Production and Demand – Supply Outlook
3.4. Supply Chain Analysis and Operating Margins
3.5. Market Dynamics
3.6. PEST Analysis
3.7. Pricing Analysis
3.8. Opportunity Analysis
3.9. Investment Feasibility Analysis
3.10. Cost Structure and Product Tear Down Analysis
- Global Coenzyme Q10 Market Historical Analysis 2013-2017 and Forecast 2018-2028, By Product Type
4.1. Revenue (US$ Mn) & Volume (Kg) Comparison
4.2. Market Share Comparison
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