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Coenzyme Q10 Market Trends

  • Report ID: GMI741
  • Published Date: Nov 2023
  • Report Format: PDF

Coenzyme Q10 Market Trends

There is collective inclination towards CoQ10 for its potential health benefits. The compound plays a vital role for energy production in cells, and it also acts as an effective antioxidant. As consumers become health-conscious and pursue natural remedies to fight several health issues, this product is conveniently accessible through dietary supplements, pharmaceuticals, and cosmetics. It is mostly infused in cosmetics such as hand creams, sunscreen products, facial masks, and others.
 

Additionally, coenzyme Q10 is vastly used in skincare and beauty products. The ability to combat free radicals and promote healthy, youthful skin makes it an ideal preference for the cosmetic manufacturers. Beauty-conscious consumers are seeking cosmetics with CoQ10 as ingredient for its evident skin benefits. For instance, NIVEA provides a range of skincare products enhanced with CoQ10, consisting of Q10 and Anti-Wrinkle Night Cream, Q10 and Anti-Wrinkle Serum Pearls.
 

Moreover, constant R&D efforts in the pharma sector are focused on using the coenzyme as a therapeutic agent for several cardiovascular and neurodegenerative ailments. The constant developments in the production technologies, such as fermentation method, enhance the purity and effectiveness of CoQ10.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of coenzyme Q10 is set to grow at 10.5% CAGR during 2023 to 2032, attributed to the increasing prevalence of chronic diseases.

The cosmetic application segment will gain remarkable momentum during the forecast timeline, owing to several skincare and anti-aging properties of coenzyme Q10.

North America market is projected to expand at 9.8% CAGR through 2032, due to the inclination toward the use of skincare products as well as for maintaining the overall health.

Now Foods, DSM, Vitamin Shoppe, SourceOne Global Partners, among others are some key industry players.

Coenzyme Q10 Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 110
  • Countries covered: 13
  • Pages: 160
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