CoQ10 Price Trend

CoQ10 Prices March 2024

In the first quarter of 2024, the price of CoQ10 in Korea reached 4490 USD/Ton March. 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 6430 USD/Ton in March 2024.

CoQ10 Price Trend, Market Analysis, and News

IMARC's latest publication, “CoQ10 Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the CoQ10 market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of CoQ10 at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed CoQ10 price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting CoQ10 pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

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 price of CoQ10, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, 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 market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of 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 in the form of CoQ10 price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of CoQ10, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed CoQ10 demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

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.

Detailed price information for CoQ10 can also be provided for an extensive list of 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 CoQ10 historical data within the United States and Canada can also be provided.

Middle East and Africa CoQ10 Price

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

Region-wise data and information on specific countries within these regions can also be provided.

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 CoQ10 price analysis can be expanded to include a comprehensive list of countries within the region.

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, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

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 FOB and CIF prices.
• The study examines factors affecting CoQ10 price trend, including input costs, supply-demand shifts, and geopolitical impacts, 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. The CoQ10 price charts ensure our clients remain at the forefront of the industry.