Selbyville, Delaware, July 15, 2021 (GLOBE NEWSWIRE) –
Coenzyme Q10 market income Expected to exceed $ 1.15 billion by 2027, according to a new research report from Global Market Insights Inc. Growing focus on health-promoting dietary supplements and growing consumer focus on healthy lifestyles are expected to positively influence the growth of the Coenzyme Q10 industry.
Growing awareness of the inherent benefits of Coenzyme Q10 in healthcare applications to treat cancer, promote heart health, and treat Huntington’s disease will further boost market statistics during the forecast period.
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Some of the key findings of the Coenzyme Q10 Market report include:
- The cosmetic application of Coenzyme Q10 is expected to exceed $ 190 million by 2027 due to growing awareness of the benefits of Coenzyme Q10 among cosmetic manufacturers.
- Key players in the coenzyme Q10 industry are focusing on strategic initiatives such as new product launches, collaboration, partnership and mergers and acquisitions to meet growing demand for coenzyme Q10 primarily from pharmaceutical applications , cosmetics and food supplements.
- The North American Coenzyme Q10 market is expected to register over 9.8% between 2021 and 2027 due to the growing demand for dietary supplement products fortified with Coenzyme Q10 and a significant shift towards natural and organic cosmetics in the region.
Browse key industry insights across 160 pages, 76 market data tables and 34 report figures and charts “Coenzyme Q10 Market Forecast by Application (Pharmaceuticals, Dietary Supplements, Cosmetics), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share, and Forecast, 2021-2027Â»In detail with the table of contents:
Other applications of Coenzyme Q10 market such as toothpaste and functional foods are expected to experience a CAGR above 8.5% during the forecast period. The demand for coenzyme Q10 is increasing due to its emerging use as a nutritional ingredient in functional food products and toothpastes. The growing demand for nutritious and fortified foods, along with the growing health awareness of consumers across the world, has driven the demand for functional food products, thus increasing the overall market demand.
The Asia-Pacific Coenzyme Q10 market is expected to grow at a significant CAGR of over 11.5% through 2027. Aging population and increasing demand for the substance in pharmaceuticals are expected to positively influence the statistics of the market. market in the Asia-Pacific region. In addition, the growing demand for dietary supplements in emerging economies such as India, South Korea and China due to increased spending on health-enhancing products and increased per capita income positively influences expanding the market.
Browse the table of contents for this report @ https://www.gminsights.com/toc/detail/coenzyme-q10-coq10-market
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services, offering syndicated and personalized research reports as well as consulting services growing. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.