CoQ10 Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

CoQ10 Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23193
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CoQ10 Prices March 2024

Category Region Price
CoQ10 Specialty Chemical Korea $4,490/Ton
CoQ10 Specialty Chemical Brazil $6,430/Ton

In the first quarter of 2024, the price of CoQ10 in Korea reached by $4,490/Ton. The market faced supply chain challenges leading to reduced production but maintained strong demand from downstream industries. Price increases were witnessed in certain markets, with overall market stability prevailing despite initial price dips. Similarly, in Brazil, the CoQ10 prices reached $6,430/Ton in March 2024.

CoQ10 Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “CoQ10 Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of CoQ10 pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of CoQ10 price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing CoQ10 price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

CoQ10 Price Trend

CoQ10 Market Analysis

The global CoQ10 market size reached US$ 679.4 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1483.7 Million, at a projected CAGR of 9.10% during 2023-2032.

  • The global aging population significantly impacts the CoQ10 market as older adults increasingly take supplements that promote health and longevity. CoQ10 is a naturally occurring oxidant, which is highly sought after for its potential benefits in mitigating heart diseases and slowing aging processes. According to a report published by the World Health Organization (WHO), by 2030, 1 in 6 people across the world will be aged 60 years or over. In 2020, the global population of people aged over 60 years was 1 billion and it is projected to increase to 1.4 billion. By 2050, the number of individuals aged 60 and older is expected to double to 2.1 billion. The population of those aged over 80 years and above is anticipated to triple, reaching 426 million by 2050. As age advances, the body's natural production of CoQ10 decreases, making supplementation more appealing to older individuals aiming to maintain their energy levels, enhance heart health, and stabilize cellular functions. This demand is bolstered by rising awareness of CoQ10’s role in supporting cardiovascular health and its potential to reduce oxidative stress.
  • The CoQ10 is also used in beauty and skin care products mainly due to its strong antioxidant properties. CoQ10 is an antioxidant which fights free radicals that contribute to skin aging. The ability of CoQ10 to improve skin elasticity and reduce the appearance of fine lines and wrinkles makes it a coveted ingredient in anti-aging creams and serums. Furthermore, CoQ10 supports cellular energy production, which is important for maintaining healthy skin functions. This action helps enhance the skin repair and regeneration, leading to a more youthful appearance. The rising consumer awareness of these benefits has driven the demand for CoQ10-infused skin care solutions, further positioning it as a key component in beauty industry and anti-aging product lineup.
  • CoQ10 plays an important role in pharmaceutical applications mainly in treating cardiovascular ailments like congestive heart failures and hypertension. Its effectiveness stems from its essential function and cellular energy production and its antioxidant properties, which further helps in managing cardiac health. In 2019, 17.9 million people died from cardiovascular diseases, which accounted for 32% of all global deaths. Out of these, 85% were due to heart attack and stroke. Over 75% of CVD deaths occurred in low-and middle-income countries. Furthermore, 38% of the 17,000,000 premature non communicable disease deaths were caused by CVDs. CoQ10 helps in improving heart muscle functions and blood flow while reducing oxidative damage, which is common in heart disease. This has led to its integration into treatment protocols and preventive measures for heart related conditions. As more clinical evidence supports its benefits, the demand for CoQ10 in the medical sector continues to grow, making it an important component in managing and potentially improving outcomes in cardiovascular therapy.

CoQ10 News

The report covers the latest developments, updates, and trends impacting the global CoQ10 market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in CoQ10 production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the CoQ10 price trend.

Latest developments in the CoQ10 industry:

  • In 2023, Kaneka Corporation acquired Japan Medical Device Technology Co., Ltd., a leader in the development of bioresorbable stents for coronary artery treatment. This acquisition allows Kaneka to expand its business in the field of endovascular catheters. JMDT's bioresorbable stent, made of a biodegradable magnesium alloy, prevents vessel blockage and is designed to be resorbed by the body 1.5 years after implantation, making it a significant advancement in the treatment of restenosis.
  • In 2023, Mitsubishi Gas Chemical Company, Inc. (MGC) and Veritas In Silico Inc. (VIS) announced their plans for a collaborative research program focusing on the development of innovative oligonucleotide therapeutics targeting RNA. This collaboration aims to address the growing interest in mRNA as a potential drug target and to meet the unmet medical needs in the field of oligonucleotide therapeutics and mRNA medicines. The collaboration leverages VIS's proprietary ibVIS™ drug discovery platform for mRNA-targeted therapeutics.

Product Description

Coenzyme Q10 (CoQ10), also known as ubiquinone, is a naturally occurring antioxidant that is vital for the functioning of cells. It is primarily recognized for its crucial role in the production of energy within cells, as it helps convert food into adenosine triphosphate (ATP), the energy currency that powers various biological processes. Found in every cell of the body, CoQ10 is particularly concentrated in organs that require high levels of energy, such as the heart, liver, kidneys, and muscles. Beyond its core role in energy production, CoQ10 also serves as a powerful antioxidant, protecting cells from damage caused by harmful molecules called free radicals. This dual functionality makes it essential not only for maintaining overall cellular health but also for supporting cardiovascular health, enhancing vitality, and potentially slowing the aging process. As such, CoQ10 is popular both as a dietary supplement and as an ingredient in skincare products due to its anti-aging properties.

Regional Coverage

The report provides a detailed analysis of the CoQ10 market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the CoQ10 price trend. 

Global CoQ10 Price

The report offers a holistic view of the global CoQ10 pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe CoQ10 Price

The CoQ10 market in Europe saw fluctuating prices in the first quarter of 2024 due to increased demand from the nutraceutical sector. Global supply chain disruptions, rising container freight rates, and euro devaluation against the dollar contributed to pricing dynamics. Despite these challenges, there was resilience in the market with a rebound in inquiries from the food and nutraceutical sectors by January 2024. By the end of the quarter, the latest price for CoQ10 in Germany stood at a premium.

This analysis can be extended to include detailed CoQ10 price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.

North America CoQ10 Price

The North American CoQ10 market in Quarter 1 of 2024 faced various challenges, including limited demand, labor issues, and port congestion. The market initially experienced price declines due to higher supply and reduced purchasing, leading to ongoing price drops. Despite export challenges and increased import costs, the market displayed resilience and stability, with improved demand from the nutraceutical and pharmaceutical sectors. Overall, the CoQ10 market demonstrated adaptability and ability to meet demand.

Specific data on CoQ10 prices within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada

Middle East and Africa CoQ10 Price

The report explores the CoQ10 pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on CoQ10 prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Asia Pacific CoQ10 Price

The CoQ10 market in the APAC region encountered supply chain difficulties in the first quarter of 2024. Despite this, there was strong demand from downstream industries. China, the largest market for CoQ10, experienced price increases, but overall market stability was maintained. The price trajectory initially decreased due to reduced demand and ample inventories resulting from Year-end destocking activities. Western and Northern markets also saw decreased orders post-holiday season, intensifying competition among producers.

This analysis can be further extended to include detailed CoQ10 prices for a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Latin America CoQ10 Price

The analysis of CoQ10 prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Report Coverage

Key Attributes Details
Product Name CoQ10
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year  
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 

Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of CoQ10 pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting CoQ10 price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the CoQ10 industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
CoQ10 Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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