Coenzyme Q10 Market size worth over $1bn by 2024

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(Coenzyme Q10) CoQ10 Market size to reach over
1bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from (Coenzyme Q10) CoQ10 Market

• Dietary supplements market size was dominant in
  Asia Pacific and should achieve over 10 CAGR and
  surpass 240 tons by 2024.
• Pharmaceutical application in EU may generate
  over USD 35 million by 2024. Proven cardiac
  ailments treatment, European market participants
  are capitalizing to increase CoQ10 market share
  in pharmaceutical industry. Medical applications
  such as migraine relief, healthy vision,
  infertility treatments and cellular energy
  metabolism should stimulate industry growth.
• Cosmetics market size may exceed USD 140 million
  revenue by the end of the forecast period. CoQ10
  are used in anti-wrinkle products or anti-ageing,
  moisturising and sunscreen lotions products. It
  primarily acts as an anti-oxidant cosmetic
  ingredient and thereby defends cells against
  ageing process produced by the release of oxygen
  free radicals.  

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Continued...

• LATAM, driven by Mexico and Brazil coenzyme Q10
  market size should achieve over 10.5 growth.
  Rising disposable income coupled with cosmetics
  industry growth should drive regional industry
  demand.  
• Large scale manufacturers in Japan along with
  SMEs in China should help the industry to
  increase CoQ10 export mainly to North America and
  Europe.
• Global coenzyme Q10 market share is fairly
  concentrated. ZMC, Kaneka and Nisshin are notable
  industry players. Other prominent participants
  include Hwail Pharmaceutical, Gnosis, SourceOne,
  DSM, PharmaEssentia, Kyowa Hakko, Pharmavite,
  Tishcon, Country Life, NBTY, Healthy Origins and
  Vitamin Shoppe.
• Some companies in CoQ10 market are forward
  integrated in order to decrease supplier costs
  and yield profitability. Manufacturers are
  involved in distribution agreements with
  suppliers and distributors.

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Europe Coenzyme Q10 Market size, by application,
2013-2024 (USD Million)

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360 Analysis

• Application Analysis
• Dietary supplements market was valued at over USD
  225 million in 2015. Rising health consciousness
  on account of increasing malnourishment levels
  should drive coenzyme Q10 market for dietary
  supplements application. The product has major
  usage in oil based capsules (soy bean and
  vegetable oil), hydrophilic gels, oral spray,
  tablets and power filled capsules.
• Regional Analysis
• North America, driven by U.S. CoQ10 market size,
  generated over USD 200 million revenue in 2015.
  Functional beverages and personal care products
  accounted for a major share in the U.S. industry.
  FDA recognizes the product as a primary dietary
  supplement.
• Competitive Market Share
• Global coenzyme Q10 market share is concentrated
  with top four industry participants catering to
  over 50 of total demand in 2015. Kaneka, ZMC and
  Nisshin Sheifun are key industry players. CoQ10
  market share also consists of Gnosis, Hwail
  Pharmaceutical, DSM, PharmaEssentia, SourceOne,
  Kyowa Hakko, Tishcon, Country Life, Pharmavite,
  NBTY and Vitamin Shoppe.

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