North America Coenzyme Q10 Market to Witness the Huge Growth $550 Mn by 2026

Author : Ronak Bora | Published Date : 2021-08-30 

North America coenzyme Q10 market size is seeing a rapid surge, being one of the most vital nutrients present in the human body and having vitamin-like properties. It is found in various parts of the human body like kidney, liver, heart and pancreas and is responsible for their proper functioning as well. CoQ10 keeps a strong balance of chemicals that are important to have a good health. It has antioxidant properties as well and helps in keeping the blood pressure normal.

Today, consumers in North America are becoming aware about the benefits of having good health and the impact it has on the overall quality of life. This has created a surge in the demand for dietary supplements that help in keeping the proportions of CoQ10 at a normal level. People in the region are increasing their spending on health and fitness and are even investing heavy amounts of money to buy foods that are rich in nutrients to lead a healthy lifestyle.

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North America coenzyme Q10 market is predicted to hit a valuation of $550 million by 2026, according to various market experts.

Prevalence of severe health conditions will propel CoQ10 demand:

A considerable part of the population in North America suffers from severe health problems like cardiovascular diseases and cancer. In fact, heart diseases are known to be one of the leading causes of death in the region. This is because of the drastic lifestyle changes like lack of proper nutrition and physical exercise among the people which has led to rise in incidences of cardiac arrests.

CoQ10 is quite well-known in this regard as it is widely used to relieve muscle pain, fatigue and even helps fix sleep disturbances. It keeps the vital functions of the body in a normal state and is known to greatly reduce the harmful effects of chemotherapy in cancer patients.

Cosmetics sector will progressively use CoQ10 in its products:

It is being predicted that the cosmetics segment will increasingly use CoQ10 across various products. In fact, this segment will showcase a steady growth at 9.3% CAGR through 2026. One of the major reasons for this is that CoQ10 is quite rich in antioxidants that are highly beneficial for the skin. Products that are rich in antioxidants are known to fight various signs of aging like fine lines and wrinkles. The presence of North America coenzyme Q10 market helps in improving the skin tone and reduces damage from harmful UV rays. It locks in the natural moisture of the skin to a great extent as well.

Cosmetic products are being increasingly used in North America coenzyme Q10 market and with more and more companies entering, this industry is becoming quite competitive. Using CoQ10 in cosmetic products will not only enhance their quality but will even help the companies increase their customer base as they want to use beauty products that are healthy and safe for the skin.

Consumption of dietary supplements increases in North America:

Consumers across North America are increasing their intake of various dietary supplements as they are packed with different nutrients that are essential for having good health. These supplements are quite famous for improving the skin quality and play a pivotal role in making sure that all the vital functions of the body are properly working. Mineral and vitamin supplements are widely consumed by adults to overcome various nutrient deficiencies.

The U.S. and Canada are manufacturing nutraceuticals at a high rate to keep up with their increasing demand. Canada alone achieved sales of nutraceuticals like vitamin and mineral supplements worth $575 million in 2019. This figure shows the immense popularity these products enjoy in North America, thereby showing encouraging prospects for the regional North America coenzyme Q10 market.

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Some of the reputed companies involved in manufacturing North America coenzyme Q10 market are Kaneka Corporation, DSM, Healthy Origins, Tishcon Corp., Natural Organics, Novartis, GlaxoSmithKline and several others.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Market assumptions & forecast parameters

1.3    Appendix

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    North America Coenzyme Q10 industry summary, 2015 - 2026

2.1.1    Business trends

2.1.2    Application trends

2.1.3    Country trends

Chapter 3   North America Coenzyme Q

3.1    Industry segmentation

3.2    Industry outlook, 2015 - 2026

3.3    Value Chain

3.4    Regulatory overview

3.5    Market factor analysis

3.5.1    Growth drivers

3.5.2    Growth restraints

3.6    Competition review

3.7    Porter’s analysis

3.8    PESTEL analysis

3.9    Impact of COVID-19 on CoQ10 demand by application

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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