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Coenzyme Q10 (CoQ10) Market Overview, Trends and Industry Growth Analysis by 2024

Increasing use in cosmetic formulations is a key driving factor for industry growth. The Global Coenzyme Q10 (CoQ10) Market is expected to reach USD 1.36 billion by 2024, according to a new report by Grand View Research, Inc.


CoQ10 exhibits antioxidant properties and energy generation characteristics targeting skin repair. It emerged as the largest consumer accounting for over half of the total volume in 2015. Aging population and resulting demand for ant-ageing products to further drive growth.

Asia Pacific is poised to be the fastest growing regional market on account of expanding industrial base with most of the manufacturing companies opening plants in China and growing major end-use industries such as pharmaceutical and dietary supplements. Latin America would follow Asia Pacific in terms of growth. The growth can be attributed to increasing use as a dietary supplement and ailment of diverse diseases.

To Know More About Coenzyme Q10 Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/coenzyme-q10-coq10-market

Dietary supplements were the dominant application segment accounting for over 60% of the total market volume in 2015. Cosmetics is expected to witness the highest growth rate of 10.4% from 2016 to 2024, growth being driven by increasing use in skin care creams and lotions in compliance to usage regulations.

Top Players of Coenzyme Q10 (CoQ10) Market:

Key players operating in the global CoQ10 market include Kyowa Hakko Inc., Gnosis S.p.A., Kaneka Corporation, DSM - Nutritional Products, Hwail Pharmaceutical Co. Ltd., PharmaEssentia Corporation, ZMC LLC and Nisshin Seifun Group, Inc.

Market Segmentation of Coenzyme Q10 (CoQ10) Market:

The Global CoQ10 Market segmented on the basis of Application and Region.

By Application:

    Dietary Supplements
    Pharmaceuticals
    Cosmetics
    Others

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East and Africa

Inquire about Coenzyme Q10 Market with Our Experts @ https://www.grandviewresearch.com/inquiry/659
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