The move is a response to Mitsubishi Gas Chemical's withdrawal from the CoQ10 market.
Kaneka Nutrients (Pasadena, TX) is increasing the price of its coenzyme Q10 (CoQ10 or ubiquinone) ingredients by 10%, effective mid-January 2013.
While Kaneka cites rising raw material costs and growing demand for CoQ10 products as reasons for the increase, Kaneka says the price hike is also a response to Mitsubishi Gas Chemical’s future withdrawal from the CoQ10 market, which will shift approximately 15 to 20 metric tons of CoQ10 volume to other suppliers. Mitsubishi Gas Chemical says it will exit the market in March 2013.
“We have seen a decisive upward trend in the price of CoQ10 over the past 18 months,” says Richard Weis, Kaneka vice president of sales and marketing. “Although Kaneka regrets any increase in price to its customers, mounting stressors on margin and supply have necessitated that we follow the market up.”
Kaneka Nutrients is the only CoQ10 manufacturer in the United States and Japan.
Brightseed launches clinically validated ingredient, Bio Gut Core, to support gut barrier function
May 21st 2025The low-dose, easy-to-formulate ingredient is a proprietary blend of two bioactives – N-trans caffeoyltyramine (NCT) and N-trans feruloyltyramine (NFT) – which were discovered by the company’s Forage AI platform.
The Nutritional Outlook Podcast Episode 39: Nutritional Outlook's Ingredients to Watch in 2025
February 25th 2025In this episode, Nutritional Outlook interviews Scott Dicker, market insights director from market researcher SPINS, about ingredients and product categories nutraceutical and nutrition product manufacturers should watch in 2025.
Nutrition during adolescence: A missed opportunity for optimal cognitive health?
May 20th 2025The Cognitive Health Committee of the Institute for the Advancement of Food and Nutrition Sciences (IAFNS) explores the significant gap in our knowledge about the impact nutrition has on adolescent cognitive development.
A country-by-country blueprint for nutraceutical success in Europe
May 20th 2025The European nutraceutical market is growing rapidly, but the continent is not a monolith when it comes to consumer trends and product innovation. This article is a blue-print for what nutraceutical success looks like in different European countries.