Coenzymes Q10 Market: Opportunities Abound as Cosmetics Industry Complements Traditional Application Avenues, Finds New Study
Verfasser: ashwani_kailiya on Wednesday, 16 May 2018Increasing penetration of coenzyme Q10 in cancer and Huntington’s disease treatment is creating new growth avenues for stakeholders. In addition to traditional applications in treating cognitive illnesses and cardiovascular diseases, demand for coenzyme Q10 is also complemented by growing adoption in the cosmetics industry. The outlook on the global coenzyme Q10 market remains positive, with a 9.1% volume CAGR projected for the period between 2018 and 2028. Revenues from global sales of CoQ10 will reach approximately US$ 1,500 Mn by 2028-end.
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Formulation Blending & Forward Integration to Remain Key Strategies Employed by Market Players
Merging of different formula for developing a more effective product to be a key focus area of CoQ10 manufacturers. The report further states that prominent stakeholders in the global coenzyme Q10 market are focusing on forward integration, in order to reduce supplier costs and yield profitability. Manufacturers who incorporate energy-generating compounds and antioxidants such as CoQ10 in their dietary supplement products are set to account for larger shares of the market in the foreseeable future.