Coenzyme Q10 Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Oct-2019 | List of Tables : 108 | List of Figures : 95 | No. of Pages : 170 | Report Code : FACT732MR |

Adoption of Coenzyme Q10 in the Nutraceuticals Industry is Gathering Momentum

The microbial fermentation method for coenzyme Q10 has gained more traction and adoption, which can be attributed to its effectiveness in synthesizing coenzyme Q10. With respect to the end-use industry, coenzyme Q10 is largely used in the nutraceuticals industry, owing to the high consumption and demand for nutraceutical supplements containing coenzyme Q10, which can be used as an efficient solution against various heart disorders.

Regulatory bodies, such as Food and Drug Association (FDA), have recognized coenzyme Q10 as Generally Recognized as Safe (GRAS), and are safely integrating it as a food additive. Coenzyme Q10 enhances the nutritional value of the food product. Apart from its usage as an energy enhancer in the human body, it is also largely used in cosmetic creams to tackle anti-aging, which is expected to drive the adoption of coenzyme Q10 and consequently push the growth of its market across the globe. Moreover, its usage as a superior antioxidant has fueled its adoption in various therapeutic applications that focuses on minimizing the occurrence of several metabolic disorders including diabetes, cancer, and cardiovascular disorders. In addition to this, consumption of coenzyme Q10 supplements have facilitated positive outcomes, particularly in patients on statin medications. This factor is anticipated to be the driving force for the growth of the global market for coenzyme Q10 during the assessment period.

Among patients with cardiovascular diseases, substantial improvement is often seen when the heart cells’ ability to produce more ATP is sparked by the supplemental CoQ10. Due to this, Americans will spend an estimated US$ 2.5 billion in 2017 on dietary supplements, such as Ubiquinol CoQ10, which supports cardiovascular health.

For instance, under the new guidelines, 56 million Americans in the age group of 40 to 75 are under statin drugs prescription and 43 million are under the old recommendation. Out of these, 25 million people are taking statin drugs.

coenzyme q10 market pricing analysis

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Benefits of Coenzyme Q10 in Treating Various Diseases, a Key Factor for Market Growth

Coenzyme Q10 is majorly used in pharmaceuticals, nutraceuticals, and cosmetics. Coenzyme Q10 enjoys high importance in the cosmetic industry, owing to its antioxidant properties. It is the basic unit that is responsible for 95% of energy generation inside cells, and also plays a pivotal role in treating various diseases, such as CVD, secondary diabetes, lungs and kidney problems, and infertility. All these reasons are responsible for the growing demand for coenzyme Q10, which is expected to grow during the forecast period.

The nutraceuticals industry is capable of pushing the market ahead as increasing number of people are getting more concerned about their health and have started the consumption of supplemental pills, which is expected to boost to the coenzyme Q10 market growth during the forecast period. The industry will grow at a rapid pace, majorly because of the presence of fitness freaks and health-concerned people. People who are concerned about health are making use of supplements in the form of capsules, pills, and powders. Coenzymes are basic supplements that are naturally produced inside the body. When the level of coenzymes in Q10 decreases, it creates major problems. Thus it leads to an increased consumption and is expected to have a high demand for coenzyme Q10 during the forecast period.

Increasing Usage of Coenzyme Q10 in the Food Industry

Growing demand for health food is another factor responsible for the growth of the coenzyme Q10 market. People in America and Japan are conscious about the intake of healthy foods, which will create a huge demand for products that contain coenzyme Q10 in the food market.

coenzyme q10 market intensity map

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High Percentage of Lifestyle and Age Related Diseases to Fuel Market Growth

In North America, there has been an increase in the consumption of CoQ10 due to high incidences of diseases, such as high blood pressure, high cholesterol (especially when taking statin drugs), coronary heart diseases, heart arrhythmia diseases, atherosclerosis, and congestive heart failures. CoQ10 helps protect heart and blood vessels from damaging effects of oxidative stress. North America is likely to create prolific demand for CoQ10 during the forecast period.

Coenzyme Q10 is an immunity boosting enzyme that reduces the possibility of cancer. Furthermore, statin prescriptions have begun to treat patients with lower cholesterol levels in the country. However, this drug negatively impacts the heart as it reduces coenzyme Q10 level in the body. Increasing awareness regarding the negative impacts of statin will proliferate the demand for coenzyme Q10. According to the CoQ10 Association, around 16,000,000 individuals consume coenzyme Q10 daily. This is expected to support the growth of the coenzyme Q10 market in North America during the assessment period.

The aging population is expected to provide opportunities for the cosmetic business expansion in the Latin America region. According to WHO, the population in Latin America is aging at a rapid pace. As stated in WHO statistics, in 2015, the percentage of population aged over 60 years was around 12 percent, which is expected to touch ~15 % by 2020 and increase at a rapid pace to reach ~20% by 2050. With this, consumers’ preference for anti-aging creams have risen significantly, offering potential growth opportunities for the market expansion of coenzyme Q10, which is extensively used in skin creams for skin rejuvenation.

The demand for coenzyme Q10 in treating Parkinson’s disease is expected to increase in European countries during the assessment period. NIH (National Institutes of Health) has recommended the consumption of coenzyme Q10 supplements for patients that have developed Parkinson’s disease. In Europe, ~1 million people are affected by Parkinson’s disease, which has raised the economic burden associated with Parkinson’s disease (PD) treatment in the region. According to the Spanish Healthcare System, early stages of PD require an expensive treatment, which makes it difficult for middle-class individuals to bear the increasing healthcare costs. However, with growing awareness regarding benefits of coenzyme Q10, its demand for treating the disease is expected to increase among European countries, consequently aiding the growth of the coenzyme Q10 market.

With an increase in heart-related problems in Japan, significant opportunities will rise for market players. According to the Japanese Heart Failure Society, high number of patients diagnosed with heart failure will continue to increase and by 2030, the number is anticipated to reach ~1 million. Given this scenario, medical facilities are focusing on innovations in cardiovascular medicine outside the conventional framework. This can leverage the usage of coenzyme Q10 as it facilitates generation of adenosine triphosphate and reduces oxidative stress. This is expected to have a significant influence on the demand for coenzyme Q10 supplements in the country.

Largely driven by increasing consumers’ preference for skin care products and beauty supplements, the coenzyme Q10 market is expected to gain significant traction in developing markets of Asia Pacific excluding Japan (APEJ) in the coming years. This is a result of the increasing aging population in the region, coupled with declining mortality rates in countries such as China and India, as revealed by UNESCO.

North Africa and countries in the Middle East are facing health challenges similar to those in the western countries. Of these health challenges, CVD (cardiovascular diseases) is the biggest cause of death in these regions. The Middle East and Africa witnessed ~16% increase in cardiovascular disease rate in 2017. This is expected to increase the consumption of coenzyme Q10 in the region during the forecast period. Moreover, another factor aiding the growth of the coenzyme Q10 market in the MEA region is the preference for anti-aging creams, according to a UN report.

Request research methodology of this report.

The coenzyme Q10 market is envisioned to observe a remarkable rise in the forecast period of 2019 to 2029, according to a new Fact.MR study. The study offers prominent trends that are currently influencing the growth of the coenzyme Q10 market. This newly published and insightful report sheds light on key dynamics, which are expected to transform the future of the coenzyme Q10 market. This will, in turn, create lucrative revenues for prominent companies as well as emerging players associated with the production and processing of coenzyme Q10.

The coenzyme Q10 market study is an intricate market intelligence on key revenue growth determinants, challenges, industry trends, and opportunities, which will eventually influence the growth trajectory of the market. The report initially offers an overview of the market, considering the current and future prospects, to unveil attractive facets appertaining to the adoption of coenzyme Q10 across key regional markets.

An in-depth assessment on few coenzyme Q10 suppliers offered in the report enables report readers to gain detailed insights that have been derived from supply chain analysis, business performance, and value chain analysis across regional markets that are incorporated in the report. A list of key companies operating in the coenzyme Q10 market provided in the report adds to the credibility of this exhaustive research study.

Coenzyme Q10 Market: Report Summary and Scope

The study offers detailed intelligence on different factors influencing demand, sales, and revenue generation in the coenzyme Q10 market around the world. The opportunity analysis included in the report is beneficial for readers to understand better opportunities in the pharmaceuticals and nutraceuticals industries, which will, in turn, trigger the adoption of coenzyme Q10.

A detailed forecast on the coenzyme Q10 market has also been offered by analysts, who have categorized market forecasts concerning a likely scenario, conservative scenario, and an optimistic scenario regarding the production and sales of coenzyme Q10 during the period of forecast. Analysis and assessment of price point by region and different products have been included in this study. The study also exerts details on aspects that are impacting the pricing strategies of manufacturers. Different categories of the coenzyme Q10 market have been provided in the form of a table in the report.

Product

Production Method

End-use Industry

Region

Ubiquinone

Ubiquinol

Microbial Fermentation

Chemical Synthesis

Pharmaceuticals

Nutraceuticals

Cosmetics

Others

North America

Latin America

Europe

Japan

APEJ

MEA

Coenzyme Q10 Market: Analysis on Market Size Evaluation

Current prospects of the coenzyme Q10 market, containing current as well as future projected values forecast, price index, and analysis on region-wise demand trends have been incorporated in the report. The assessment offered on factors mentioned above are comprehensive and dedicated weighted chapters have been delivered on the same.

Market valuation at a global and regional scale for coenzyme Q10 is offered in terms of “US$ Mn.” A Y-o-Y growth comparison on key coenzyme Q10 market segments, along with the market attractiveness analysis quantifies various insights delivered in the report. Metrics mentioned above are also tracked based on applications and usage, where coenzyme Q10 witnesses consistent demand.

Coenzyme Q10 Market: Scrutinized Assessment on Regional Segment

Weighted chapters have been included in the report on the coenzyme Q10 market, which imparts forecast on the regional market. These chapters illuminate the regional macros (business, economic and political environment outlook), which are most likely to have a significant impact on the growth of the coenzyme Q10 market in the near future.

Country-specific assessments on the demand for coenzyme Q10 have been provided for each regional market, along with the market size valuation and forecast, price point assessment, price index and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report.

Coenzyme Q10 Market: In-depth Analysis on Competitive Landscape

The report concludes with a weighted chapter on the competition landscape of the coenzyme Q10 market, which profiles key companies contributing to the market expansion. Up-to-date and essential data as well as knowledge related to market players, who are predominantly engaged in the production and distribution of coenzyme Q10, are delivered with the help of a dashboard view. Market share comparison and analysis of these market players offered in the report enable report readers to devise strategic steps forward for their businesses.

Company profiles have been incorporated in the report, which exerts various details such as manufacturing of coenzyme Q10, along with a comprehensive SWOT analysis on each player, identified together with the company’s strategic identification and analysis. The intensity mapping of market players operating in the coenzyme Q10 market provides actionable intelligence to readers, which helps in understanding the current market status and prospects determining competition levels in the coenzyme Q10 market. Prominent players operating in the global coenzyme Q10 market include Kaneka Corporation, Xiamen Kingdomway Group, Nisshin Seifun Group, Zhejiang Medicine Co. Ltd, and Kyowa Hakko U.S.A. Inc., among others.

1. Global Coenzyme Q10 Market - Executive Summary

    1.1. Global Market Overview

    1.2. Key Market Statistics

    1.3. Global Coenzyme Q10 Market – Opportunity Assessment

    1.4. Megatrends in the Global Market

    1.5. Fact.MR Analysis and Recommendations

2. Global Coenzyme Q10 Market Data – Market Background

    2.1. Why CoQ10 is Important

    2.2. How Big is CoQ10 Deficiency can be for Global Health

    2.3. Associated Health Problems due to Co Q10 Deficiency

    2.4. Coenzyme Q10 In Different Industry

    2.5. Available End Use Industry of Raw CoQ10

    2.6. Major Producers & Their Producing Locations

    2.7. Manufacturing Process

    2.8. Impact of Cardio Vascular Disease

    2.9. Statin Drug Scenario in U.S.

3. Global Coenzyme Q10 Market – Introduction 

    3.1. Market Definition

    3.2. Market Introduction

    3.3. Global Coenzyme Q10 Market – Research Scope / Taxonomy

4. Global Coenzyme Q10 Market Associated Industry Assessment

    4.1. Market Drivers

    4.2. Market Restraints

    4.3. Market Opportunities

    4.4. Key Trends Impacting the Market

    4.5. Global Coenzyme Q10 Market Scenario Forecast

    4.6. Forecast Factors & its Relevance of Impact

    4.7. Macro-Economic Factors

    4.8. Value Chain Analysis

        4.8.1. Key Manufacturers

        4.8.2. Raw Material Suppliers

        4.8.3. Operating Margin

        4.8.4. Value at Each Node

    4.9. Investment Feasibility Matrix

    4.10. PESTLE Analysis

    4.11. Porter’s Five Forces Analysis

    4.12. Product Life Cycle Analysis

5. Global Coenzyme Q10 Market – Price Point Analysis

    5.1. Pricing Analysis by Regions

    5.2. Pricing Analysis by Product Type

    5.3. Global Pricing Average VS Regions

    5.4. Factors Affecting Pricing of the Coenzyme Q10

6. Global Coenzyme Q10 Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029

    6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Global Coenzyme Q10 Market Demand Analysis 2014-2018 and Forecast, 2019-2029

    7.1. Historical Market Volume (Kg) Analysis, 2014-2018

    7.2. Current and Future Market Volume (Kg) Projections, 2019-2029

    7.3. Y-o-Y Growth Trend Analysis

8. Global Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029, By Product Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2014 - 2018

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2019 - 2029

        8.3.1. Ubiquinone

        8.3.2. Ubiquinol

    8.4. Market Attractiveness Analysis By Product Type

9. Global Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029, by Production Method

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) Analysis By Production Method, 2014 - 2018

    9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Production Method, 2019 - 2029

        9.3.1. Microbial Fermentation

        9.3.2. Chemical Synthesis

    9.4. Market Attractiveness Analysis By Production Method

10. Global Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029, By End Use Industry

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use Industry, 2014 - 2018

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use Industry, 2019 - 2029

        10.3.1. Pharmaceuticals

        10.3.2. Nutraceuticals

        10.3.3. Cosmetics

        10.3.4. Others

    10.4. Market Attractiveness Analysis By End Use Industry

11. Global Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029, by Region

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) Analysis By Region, 2014 - 2018

    11.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2019 - 2029

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. Japan

        11.3.5. APEJ

        11.3.6. Middle East and Africa (MEA)

    11.4. Market Attractiveness Analysis By Region

12. North America Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        12.3.1. By Country

            12.3.1.2. U.S.

            12.3.1.3. Canada

        12.3.2. By Product Type

        12.3.3. By Production Method

        12.3.4. By End Use Industry

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Product Type

        12.4.3. By Production Method

        12.4.4. By End Use Industry

13. Latin America Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        13.3.1. By Country

            13.3.1.1. Brazil 

            13.3.1.2. Mexico 

            13.3.1.3. Argentina 

            13.3.1.4. Rest of LATAM

        13.3.2. By Product Type

        13.3.3. By Production Method

        13.3.4. By End Use Industry

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Product Type

        13.4.3. By Production Method

        13.4.4. By End Use Industry

14. Europe Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        14.3.1. By Country

            14.3.1.1. Germany

            14.3.1.2. U.K.

            14.3.1.3. Italy

            14.3.1.4. France

            14.3.1.5. Spain

            14.3.1.6. Rest of Europe

        14.3.2. By Product Type

        14.3.3. By Production Method

        14.3.4. By End Use Industry

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Product Type

        14.4.3. By Production Method

        14.4.4. By End Use Industry

15. Japan Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        15.3.1. By Product Type

        15.3.2. By Production Method

        15.3.3. By End Use Industry

    15.4. Market Attractiveness Analysis

        15.4.1. By Product Type

        15.4.2. By Production Method

        15.4.3. By End Use Industry

16. APEJ Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        16.3.1. By Country

            16.3.1.1. China

            16.3.1.2. India

            16.3.1.3. Australia & New Zealand

            16.3.1.4. ASEAN Countries

            16.3.1.5. Rest of APEJ

        16.3.2. By Product Type

        16.3.3. By Production Method

        16.3.4. By End Use Industry

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Product Type

        16.4.3. By Production Method

        16.4.4. By End Use Industry

17. Middle East and Africa Coenzyme Q10 Market Analysis 2014-2018 and Forecast 2019-2029

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        17.3.1. By Country

            17.3.1.1. South Africa

            17.3.1.2. Israel

            17.3.1.3. GCC Countries

            17.3.1.4. Rest of MEA

        17.3.2. By Product Type

        17.3.3. By Production Method

        17.3.4. By End Use Industry

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Product Type

        17.4.3. By Production Method

        17.4.4. By End Use Industry

18. Market Structure Analysis

    18.1. Global Coenzyme Q10 Market Competition - a Dashboard View

    18.2. Global Coenzyme Q10 Market Structure

    18.3. Global Coenzyme Q10 Market Company Share Analysis

    18.4. Key Participants Market Presence (Intensity Mapping) by Region

19. Company Profiles

    19.1. Kaneka Corporation

        19.1.1. Company Overview

        19.1.2. Company Presence Overview

        19.1.3. Company Product Offerings

        19.1.4. Key Strategies

        19.1.5. Key Developments

        19.1.6. SWOT Analysis

        19.1.7. Key Financials

    19.2. Xiamen Kingdomway Group

        19.2.1. Company Overview

        19.2.2. Company Presence Overview

        19.2.3. Company Product Offerings

        19.2.4. Key Strategies

        19.2.5. Key Developments

        19.2.6. SWOT Analysis

        19.2.7. Key Financials

    19.3. Nisshin Seifun Group

        19.3.1. Company Overview

        19.3.2. Company Presence Overview

        19.3.3. Company Product Offerings

        19.3.4. Key Strategies

        19.3.5. Key Developments

        19.3.6. SWOT Analysis

        19.3.7. Key Financials

    19.4. Kyowa Hakko U.S.A. Inc.

        19.4.1. Company Overview

        19.4.2. Company Presence Overview

        19.4.3. Company Product Offerings

        19.4.4. Key Strategies

        19.4.5. SWOT Analysis

        19.4.6. Key Financials

    19.5. Tishcon Corporation

        19.5.1. Company Overview

        19.5.2. Company Presence Overview

        19.5.3. Company Product Offerings

        19.5.4. Key Strategies

        19.5.5. SWOT Analysis

    19.6. Pharmavite LLC

        19.6.1. Company Overview

        19.6.2. Company Presence Overview

        19.6.3. Company Product Offerings

        19.6.4. Key Strategies

        19.6.5. SWOT Analysis

20. Research Methodology

21. Assumptions and Acronyms

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Coenzyme Q10 Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029