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Coenzyme Q10 (CoQ10) industry is experiencing impressive growth driven by increasing purchases and demand across various sectors. Increased consumer awareness of the health benefits of CoQ10, such as its anti-inflammatory properties and potential cardiovascular benefits, has led to increased demand for this supplement. As people worldwide show interest in healthy growth factors, the demand for CoQ10 and its consumption are bound to increase.
Furthermore, advances in formulation technology have improved the bioavailability of CoQ10, enhanced its application, and expanded its application in food, beverage, and functional cosmetics. This market is witnessing significant growth in Asia-Pacific and Latin America regions where dietary supplement use is increasing alongside increasing lifestyle-related health issues and increasing popularity of preventative health programs. All these developments indicate promising growth prospects for the CoQ10 market in the coming years.
To cite an instance, in January 2023, Coenzyme Q10 nutritional supplementation emerged as a sought-after item amid a dramatic rise in COVID cases across China. According to local media Yikai, many dietary supplement brands experienced sell-outs, which led to an increase in inquiries from investors in healthcare companies for this product.