What is the global market size of CoQ10 Supplement Market?

CoQ10 Supplement Market size was valued at USD 536.63 million in 2021 and is poised to grow from USD 621.95 million in 2022 to USD 1156.48 million by 2030, growing at a CAGR of 10.5% in the forecast period (2023-2030).

CoQ10 Supplement Market Size, Share, Growth Analysis, By Type(Soft Capsule, Chewable Tablets), By Application(Pharmaceuticals, Dietary Supplements, Cosmetics), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Global CoQ10 Supplement Market?

In 2021, North America held the largest global CoQ10 market share. Cosmetic products enriched with coenzyme Q10 give various skin benefits, including providing energy to skin cells, which is essential to repair and renew skin cells, reducing sun damage, and supporting the formation of elastin and collagen. Therefore, growing awareness of the benefits of CoQ10 among cosmetic makers in the United States and Canada has boosted demand for the CoQ10 market in the region in recent years.

Report ID: SQSG30A2001 | Region: Global | Published Date: February, 2024
Pages: 272 | Tables: 62 | Figures: 75

CoQ10 Supplement Market News

In July 2022, in research conducted by the Journal of the International Society of Sports Nutrition involving 20 professional swimmers. It was found that a supplement comprising a mix of the bee product royal jelly and CoQ10 was connected to gains in athletic performance as well as reductions in markers of oxidative stress and muscle damage.
In January 2022, DSM Nutritional Products unveiled its new integrated Food & Beverage operating structure, which unites three areas of DSM's nutrition business - Food Specialties, Hydrocolloids, and a portion of its Nutritional Products group - to better align with emerging customers and market needs. The new business group brings together the company's broad portfolio of food and beverage ingredients, knowledge, and science-based solutions that improve food flavor and texture while also supporting healthier lives and a healthier planet. The new Food & Beverage organization will be focused on assisting consumers in "enjoying it all" without having to pick between taste, texture, and health. This distinct message will serve as the foundation of a new campaign.
In January 2021, Kaneka Corporation headquartered in Tokyo, has launched its Coenzyme Q10 yogurt named “Watashi no Chikara (My Energy) ™ - Q10 Yogurt” which will provide an adequate dietary intake of active CoQ10 which has numerous health benefits for consumers and are available in various supermarkets, convenience stores, and Kaneka’s online shop.

CoQ10 Supplement Market Report Snapshots

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CoQ10 Supplement Market size was valued at USD 536.63 million in 2019 and is poised to grow from USD 621.95 million in 2023 to USD 1156.48 million by 2031, growing at a CAGR of 10.5% in the forecast period (2024-2031).

The CoQ10 supplement market is relatively fragmented, with a high level of competition. Few large players, like Kyowa Hakko USA Inc, Gnosis S.p.A., and Nature’s Bounty, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Kaneka Corporation ', 'Now Foods', 'H2One Co., Ltd.', 'NBTY Inc.', 'GNC Holdings Inc.', 'Nature's Bounty, Inc.', 'Healthy Directions, LLC', 'Solgar Inc.', 'Nutraceutical Corporation', 'Pharma Nord APS', 'Source Naturals Inc.', 'Jarrow Formulas Inc.', 'Life Extension', 'Douglas Laboratories', 'Tishcon Corp.', 'Twinlab Consolidated Holdings Inc.', 'Swanson Health Products', 'Pure Encapsulations', 'Garden of Life', 'Thorne Research'

Increasing the use of CoQ10 in the areas of cognitive illness, eye care, cancer, and heart disease is the major driving factor for the CoQ10 supplement market. Growing awareness regarding the benefits of products is increasing eh acceptance of healthy dietary supplements and this will drive the CoQ10 supplement market during the forecast period.

Coenzyme Q10 is predominantly used in the dietary supplement industry due to the high demand for dietary supplements containing coenzyme Q10, which can be used as an effective treatment for a variety of heart conditions. Regulatory agencies such as the Food and Drug Administration have certified CoQ10 as a Generally Recognized as Safe (GRAS) food ingredient (FDA).

In 2021, North America held the largest CoQ10 market share. Cosmetic products enriched with coenzyme Q10 give various skin benefits, including providing energy to skin cells, which is essential to repair and renew skin cells, reducing sun damage, and supporting the formation of elastin and collagen. Therefore, growing awareness of the benefits of CoQ10 among cosmetic makers in the United States and Canada has boosted demand for the CoQ10 market in the region in recent years.

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CoQ10 Supplement Market Size, Share, Growth Analysis, By Type(Soft Capsule, Chewable Tablets), By Application(Pharmaceuticals, Dietary Supplements, Cosmetics), By Region - Industry Forecast 2024-2031

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