San Francisco, California, Dec. 1, 2014 (GLOBE NEWSWIRE) -- The global CoQ10 market is expected to reach USD 849.5 million by 2020, according to a new study by Grand View Research, Inc. Growth of personal care industry particularly in BRIC nations is expected to remain a key driving factor for the global CoQ10 market. Increasing penetration of CoQ10 in medical industry is also expected to have positive influence on market growth. Constantly fluctuating CoQ10 prices is expected to remain a key challenge for market participants over the forecast period.
Get More Details About Coenzyme Q10 (CoQ10) Market: http://www.grandviewresearch.com/industry-analysis/coenzyme-q10-coq10-market
Dietary supplements emerged as the leading application for CoQ10 and accounted for 59.9% of total market volume in 2013. Increasing health concerns is expected to drive the demand for antioxidants and energy supplements which in turn is expected to drive CoQ10 demand over the next six years. Pharmaceutical is expected to be the most lucrative application segment and is expected to grow at an estimated CAGR of 9.9% from 2014 to 2020. Cardiac benefits of CoQ10 coupled with increasing prevalence of cardiovascular diseases across the globe are major factors driving its demand in pharmaceutical applications.
Further key findings from the study suggest:
Complete Research Report On Global Coenzyme Q10 (CoQ10) Market: http://www.grandviewresearch.com/industry-analysis/coenzyme-q10-coq10-market
For the purpose of this study, Grand View Research has segmented the CoQ10 market on the basis of application and region:
Global CoQ10 Application Outlook
(Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Dietary Supplements
Global CoQ10 Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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