The global ubiquinone market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Ubiquinone or Coenzyme Q10 is considered to be an immunity-enhancing enzyme, which supports in mitigating the possibility of diseases such as cancer. Additionally, the expansion of cosmetic industry in the countries such as Japan, Latin America, and others are offering lucrative growth opportunities for the market. Ubiquinone is a naturally occurring vitamin-like substance that is present in animals, plants, and the human body. In the human body, it is found in the heart, kidney, liver, and pancreas. Ubiquinone is also industrially manufactured by two production methods including microbial fermentation and chemical synthesis. Ubiquinone is a potent antioxidant that has properties that supports to prevent or minimize oxidative damage to tissues. It might be more potential compared to Vitamin E for prevention of this damage.
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Additionally, 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, gum diseases, and others. It is commonly used in tablets, supplements, and capsules in the pharmaceuticals and nutraceuticals industries. During the COVID-19 outbreak, the nutraceutical industry got benefit from consumers who were looking to lead healthier lifestyles and improve their dietary habits and immune power for prevention from COVID-19. This, in, turn, has boosted the demand for ubiquinone in the nutraceutical industry boosting the growth of the overall market during the COVID-19 outbreak. Inherent benefits of the product in healthcare applications to promote treat cancer, heart health and Huntington’s disease have also contributed towards market growth.
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Market Coverage
- Segment Covered-
o By Production Method
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape: Kaneka Corp., and Shenzhou Biology & Technology Co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Ubiquinone Market Report by Segment
By Production Method
- Chemical Synthesis
- Microbial Fermentation
By Application
- Pharmaceuticals
- Dietary Supplements
- Cosmetics
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