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Coenzyme Q10 Market Trends

  • Report ID: GMI741
  • Published Date: Jun 2024
  • Report Format: PDF

Coenzyme Q10 Market Trends

Coenzyme Q10 (CoQ10) industry is experiencing impressive growth driven by increasing purchases and demand across various sectors. Increased consumer awareness of the health benefits of CoQ10, such as its anti-inflammatory properties and potential cardiovascular benefits, has led to increased demand for this supplement. As people worldwide show interest in healthy growth factors, the demand for CoQ10 and its consumption are bound to increase.
 

Furthermore, advances in formulation technology have improved the bioavailability of CoQ10, enhanced its application, and expanded its application in food, beverage, and functional cosmetics. This market is witnessing significant growth in Asia-Pacific and Latin America regions where dietary supplement use is increasing alongside increasing lifestyle-related health issues and increasing popularity of preventative health programs. All these developments indicate promising growth prospects for the CoQ10 market in the coming years.
 

To cite an instance, in January 2023, Coenzyme Q10 nutritional supplementation emerged as a sought-after item amid a dramatic rise in COVID cases across China. According to local media Yikai, many dietary supplement brands experienced sell-outs, which led to an increase in inquiries from investors in healthcare companies for this product.

Authors: Kunal Ahuja, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of coenzyme Q10 exceeded USD 771.4 million in 2023 and is set to witness 10.7% CAGR from 2024 to 2032, owing to the increasing awareness of its health benefits, rising demand for dietary supplements, and growing prevalence of chronic diseases.

The dietary supplements application segment in the coenzyme Q10 industry is estimated to depict 10.7% CAGR during 2024 to 2032, due to the growing prioritization of health and wellness among consumers.

North America market size was over USD 414.76 million in 2023, led by the aging population and an increasing emphasis on health and wellness.

Kaneka Corporation, DSM, SourceOne Global Partners, LLC, Healthy Origins, Vitamin Shoppe, Inc., NBTY, Inc., Pharmavite LLC, QUTEN Research Institute LLC, Tishcon Corp., and Country Life, LLC.

Coenzyme Q10 Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 110
  • Countries covered: 21
  • Pages: 160
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