Healthy aging is fueling the coenzyme Q10 market, which is expected to grow by more than 10% annually over the next five years.

Coenzyme Q10, a potent vitamin antioxidant, is gaining popularity, especially among the elderly, according to Market analysis by Global Market Insights, Inc. The market for coenzyme Q10 is expected to grow significantly in the coming years, according to the report. The product is found in every cell of the body and provides energy for cell growth and function. In addition, it is used as an important ingredient in various cosmetics and anti-aging creams, which will also add value to the coenzyme Q10 market. Finally, the aging population is driving the growing demand for these anti-aging supplements.

According to Global Market Insights, the Global coenzyme Q10 Market was worth $350 million in 2015 and will generate significant revenue at an annual growth rate of more than 10% through 2024. Increasing supplies of raw materials will be crucial to meet growing global demand for products in the coming years, as stated in the report.

In addition to cosmetics, coenzyme Q10 is mainly used in the medical treatment of cancer, kidney failure and neurological diseases.