Lucintel Forecasts CoQ10Market to Grow a CAGR of 12%-14%

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Summary

CoQ10 marketis projected to grow

Press Release

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According to the recent study the CoQ10 marketis projected to grow at a CAGR of 12%-14% from 2020 to 2025. Growth in this market is primarily driven byrising awareness on  the medical value and the  benefits of CoQ10, increase in the demand in cosmetics applications, and growing per capita health expenditure.

Browse XX figures / charts and XXtables in this 150 -page report to understand trends, opportunities and forecast in CoQ10marketby application (dietary supplements, pharmaceutical, cosmetics, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

“Dietary supplements market is expected to remain the largest segment during the forecast period.”

Based on application, the CoQ10market is segmented intodietary supplements, pharmaceutical, cosmetics, and others. Lucintel forecasts that the dietary supplementsis expected to witness the largest segment over the forecast period due to the characteristics of CoQ10 that include antioxidant and energy generation properties, and extensive demand for dietary supplements  in the medical industry.

“North America will dominate the CoQ10market in near future”

North Americais expected to be the largest region over the forecast perioddue to high incidences of diseases, and the growing cosmetics industry.

 

Major players of CoQ10market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Kyowa Hakko Inc., Gnosis S.p.A., Kaneka Corporation, DSM – Nutritional Products, Hwail Pharmaceutical Co. Ltd., PharmaEssentia Corporation, ZMC LLC and Nisshin Seifun Group Inc.are among the major CoQ10providers.