Global CoQ10 market size was 687.2 tons in 2014 and
is expected to reach 1,168 tons by 2020, growing at a CAGR of 9.2% from 2014 to
2020.Increasing scope in personal care applications is expected to drive CoQ10
market demand.
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Recent penetration surge in pharmaceutical
applications is also likely to be a critical factor for demand development over
the forecast period. Dietary supplements dominated consumption, accounting for
over 60% in 2014, driven by high sales of energy supplements and antioxidants.
Growing CVD prevalence along with proven CoQ10 benefits of reducing CVD risk is
expected to drive growth in pharma applications.
Key
report insights suggest:
• Demand for cosmetic applications is expected to
reach USD 120.9 million by 2020, witnessing gains at over 19%.
• North America CoQ10 market is expected to be
driven by increasing use of sun-screen lotions and anti-aging creams, with
revenue estimated to reach USD 489.9 million by 2020. However, the U.S. FDA has
not approved its use in pharmaceutical products, which may hinder industry
growth in the region.
• Asia Pacific CoQ10 market revenue is expected to
reach USD 243.4 million by 2020, and is likely to be the fastest growing
regional industry over the forecast period. Rising awareness levels coupled
with strong demand from applications markets is expected to drive regional
growth.
• Global CoQ10 prices have witnessed a decline over
the last five years, on account of domestic producers coming online. However,
the industry is likely to see a price increase over the forecast period due to
supply issues and regulatory intervention.
• Key CoQ10 manufacturers include Kaneka, ZMC,
PharmaEssentia, DSM, Gnosis, Asahi Kasei, and Nisshin Seifun.
The report "Coenzyme Q10 (CoQ10) Market By
Application (Food & Beverages, Cosmetics, Dietary Supplements) And
Forecasts, 2012 - 2020" is available now to Radiant Insights customers and
can also be purchased directly at
This
report from Radiant Insights segments the lignin market on the basis of
applications and regions:
Global
CoQ10 Application Overview (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Dietary Supplements
• Pharmaceuticals
• Cosmetics
• Others
Global
CoQ10 Regional Overview (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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