Coenzyme Q10 (CoQ10) Market - Global Industry
Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
Coenzyme
Q10 (CoQ10) is a naturally occurring vitamin-like substance present in plants,
animals, and humans. It plays an important role in the production of cellular
energy and in the basic functioning of cells. In the human body, it is found in
the heart, liver, kidney, and pancreas.
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Coenzyme
Q10 is industrially manufactured largely by yeast fermentation and on a smaller
scale by bacterial fermentation. It is largely used in the treatment of heart
conditions such as congestive heart failure and other diseases such as
Huntington’s disease, breast cancer, and gum diseases among others. It is
commonly used in tablets, supplements, and capsules.
Cosmetics
are a growing market in countries like China and India coupled with regions in
Europe and North America. With the approval of CoQ10 in cosmetics it is finding
an increasing array of applications in cosmetic sub-segments such as
anti-ageing creams and lotions, in these regions. This is one of the main
drivers for the CoQ10 market. Proven cardiac benefits due to CoQ10 and its
increasing health benefits in other areas such as obesity and other serious
illnesses are also factors contributing to the increasing demand.
The
usage of CoQ10 as a treatment remains controversial in many areas. Any new
application of CoQ10 requires many levels of testing and scientific research as
establishing scientific credibility of such products is a big hurdle. This can
be a very lengthy and expensive process. Also, in regions like Europe and North
America, stringent health regulations and legislations affect product
development and eventual sales.
The
increasing demand of CoQ10 as a beverage soluble substance is increasing in the
beverage and food industry. There is an increasing scope of applications in the
areas of cognitive diseases, heart diseases, and anti-ageing. In addition, the
recent discovery of CoQ10 for migraine and infertility treatment may increase production
of CoQ10. Besides being used for its cardiac and energy benefits, CoQ10 is also
gaining popularity due to its use in fields such as eye care and obesity.
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Some
of the key manufacturers of Coenzyme Q10 (Coq10) are Mitsubishi Gas Chemical
Company, PharmaEssentia Corporation, DSM Nutritional Products, Gnosis S. p. A,
Kyowa Hakko U.S.A. Inc., ZMC-USA LLC, Kaneka Corporation , Hwail Pharmaceutical
Co. Ltd., and Nisshin Seifun Group Inc. among others.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
·
North
America
·
Asia
Pacific
·
Europe
·
Rest of the
World
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