Global Coenzyme Q10 Market- Forecast and Analysis (2020-2027)
Global Coenzyme Q10 Market was valued at USD 506.42 Mn in 2019 and is expected to reach at USD 974.12 Mn by 2027 at a CAGR of 8.5% over the forecast period 2020-2027.
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Coenzyme Q10 Market by region and on the key players revenue affected till April 2020 and is expected to have short-term and long-term impact on the market.
Global Coenzyme Q10 Market Dynamics;
Coenzyme Q10, also known as CoQ10, it is a compound that generate energy in human body. Coenzyme Q10 is a nutrient that occurs naturally in various body organs such as liver, kidney, pancreas and other organs. CoQ10 is also found in many food items. Many cardiovascular and neurological diseases such as heart disease, brain disorders, diabetes, and cancer are linked to low levels of CoQ10. Various factors such as growing demand from cosmetic and dietary supplements applications, increasing medical value of Coenzyme Q10, increasing prevalence of cardiovascular, neurological and diabetes, rapidly expanding pharmaceutical and medical industry are driving the global coenzyme Q10 market over forecast period. Moreover, growing demand of CoQ10 due to various medical benefits such as in treatment of cancer, heart diseases and in many health care applications are expected to boost the market growth over the forecast period.
However, factors such as stringent government regulations pertaining to the usage of coenzyme Q10 in the various end-use industries, fluctuations of raw material prices, minimal dosage requirements, and less awareness in underdeveloped countries are restraining the market growth over the forecast period.
Global Coenzyme Q10 Market is segmented by application and by Region. By application, dietary supplements held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to growing demand for CoQ10 for dietary supplements. Many pharmaceutical companies are utilizing Coenzyme Q10 to improve their tablet and drug’s medical formulations. Thus, growing use of Coenzyme Q10 by pharmaceutical companies is expected to create lucrative opportunities over the forecast period. Dietary supplements application segment is followed by Cosmetic applications and pharmaceutical applications with xx% and xx% of market share respectively. Cosmetic applications segment is expected to hold xx% of market share over the forecast period. Growing use of coenzyme Q10 in various cosmetic formulations to neutralize the effect of pollution, sun burn/tan, and other skin reactions is expected to drive the market growth over the forecast period.
By geography, North America held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to high demand in various end use applications such as cosmetics, dietary Supplements and pharmaceuticals. North America is followed by APAC and Europe. APAC is expected to grow at the highest CAGR of 10.6% over the forecast period. Various macro-economic factors such as growing geriatric population, growing GDP per capita in many countries, growing disposable income, increasing per capita health care expenditure in China, India, Japan, and South Korea and in many South Asian countries are driving the market growth in this region over the forecast period.
Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players and mew entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Coenzyme Q10 Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Coenzyme Q10 Market dynamics, structure by analyzing the market segments and project Global Coenzyme Q10 Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Coenzyme Q10 Market make the report investor’s guide.
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Global Coenzyme Q10 Market , by Application
• Dietary Supplements
• Pharmaceuticals
• Cosmetics
Global Coenzyme Q10 Market , by Region
• North America
• APAC
• Europe
• MEA& Africa
• South Africa
Global Coenzyme Q10 Market Major Players
• Gnosis S.p.A.
• Kyowa Hakko U.S.A. Inc.
• Nisshin Seifun Group, Inc.
• DSM Nutritional Products
• Hwail Pharmaceutical Company Ltd.
• PharmaEssentia Corporation
• ZMC LLC
• Kaneka Corporation
• PharmaEssentia Corporation
• Source One Global Partners LLC
• Healthy Origins
• Vitamin Shoppe
• NBTY
• Pharmavite LLC
• QUTEN Research Institute LLC
• Tishcon Corp
• Country Life LLC
• Natural Organics
• Jarrow Formulas
• NOW Foods
• Pharma Nord
• Doctor’s Best
• Xiamen Kingdomway Group
• GNC Holdings
• Nordic Naturals
• Merck & Co
• Abbott Laboratories
• Sun Pharmaceutical Industries Limited
• Pfizer
• Sanofi
• Bristol Myers Squibb
• Novartis
• Johnson & Johnson
• GlaxoSmithKline
• Unilever
• Avon Products
• Beiersdorf
• Henkel AG & Co.
• Oriflame Holding AG
• The Estée Lauder Companies
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