Coenzymes are non-protein organic molecules that are associated with and help enzymes function. Coenzymes undergo alterations during enzymatic reactions and are later regenerated, unlike substrates which are converted to products. They participate in reactions involving the transfer of atoms or groups like hydrogen, and play a decisive role in enzyme function. Coenzymes can be classified into three main types: those derived from B vitamins, non-vitamin coenzymes like ATP, and nucleotide coenzymes containing nitrogenous bases, sugars, and phosphates like NAD+ and FAD. The specificity of an enzyme depends more on the apoenzyme than on the coenzyme.