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APAC Coenzyme Q10 Market revenue to reach $400 Mn by 2027
Published Date: 2022-02-24
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APAC Coenzyme Q10 Market size is projected to surpass USD 400 million by 2027, according to a latest forecast report by Graphical Research.
Growing utilization of pharmaceutical and dietary supplements is expected to drive the market size. Coenzyme Q10 is the most common form is coenzyme Q found in the human body. It is artificially produced by chemical synthesis and bio-production methods utilizing microbes. Coenzyme Q10 has superior antioxidant properties and thus it is utilized as an ingredient into functional foods, dietary supplements, and nutraceuticals. Growing consumer focus towards healthy lifestyles has increased the consumption of these products which eventually promoting the demand for coenzyme Q10.
The dietary supplements segment will grow at a CAGR of 10.5% during the forecast period. Coenzyme Q10 is responsible for generating energy into the body cells. They also protect cells from disease-causing bacteria/viruses and oxidative damage. Apart from this it also helps in treating and preventing chronic diseases such as heart disease, cancer, diabetes, and Parkinson’s disease.
The increasing prevalence of chronic diseases, growing focus towards a healthy lifestyle, and increased need to meet daily nutrient requirements are driving the consumption of dietary supplements and nutraceuticals thus fuel the market growth.
In 2020, the coenzyme Q10 demand for dietary supplements application in the Chinese market accounted over USD 29.5 million revenue and will cross USD 68 million by 2027 attributed to the rising consumer focus towards personal health and wellbeing.
Browse detailed statistical insights from the report, “Asia Pacific Coenzyme Q10 Market Forecast 2027 By Application (Dietary Supplements, Pharmaceuticals, Cosmetics), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Further, owing to the hectic lifestyles and busy schedules consumers, especially the working population are seeking convenient and easily available options for the daily nutrient requirement. Thus, dietary supplements and nutraceuticals have gained popularity in recent years in the country. China is also among the major producer and exporter of dietary supplements and nutraceuticals. Considering the growing global demand, the manufacturers are investing heavily into new product development and R&D activities.
Coenzyme Q10 has great importance in the cosmetics and personal care industry. It is used as an active ingredient for topical cosmetic and personal care products. It has a superior antioxidant property which protects the skin from sun and external environmental damage. It helps to rejuvenate skin by stimulating elastin and collagen production. In 2020, the Coenzyme Q10 market for cosmetics in India has surpassed USD 7.15 million.
Growing awareness about the benefits offered by coenzyme Q10 has encouraged the manufacturers to utilize it in their products such as anti-aging products which is expected to drive the market demand. The escalating demand for anti-aging products due to an increase in aging population is anticipated to accelerate the growth of coenzyme Q10 in cosmetic segment.
The APAC coenzyme Q10 market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:
Asia Pacific Market, By Application
- Dietary Supplements
The above information has been provided for the following countries:
- Asia Pacific