07.25.19
CoQ10 one of the most consumed dietary supplements in the U.S., and the most recommended supplement by cardiologists. According to one estimate, the CoQ10 market generates $1 billion of annual retail sales globally. Scott Steinford, executive director of the CoQ10 Association, offered some insight and analysis of industry dynamics, including global trade and scientific research.
Nutraceuticals World (NW): How has the market for CoQ10 supplements been performing? What’s driving growth?
Scott Steinford: CoQ10 continues to grow and has eclipsed the 1,000MT mark globally, representing a 20% CAGR since 2000 when the global market was 37MTs. Growth in the United States continues to be served by the statin messaging, and heart health benefits continue to drive growth in developing areas such as China.
NW: How have the Trump Administration’s tariffs on goods from China impacted the CoQ10 market?
Steinford: CoQ10 (Ubiquinone) has been removed from each of the tariff lists so far. The reaction f
Nutraceuticals World (NW): How has the market for CoQ10 supplements been performing? What’s driving growth?
Scott Steinford: CoQ10 continues to grow and has eclipsed the 1,000MT mark globally, representing a 20% CAGR since 2000 when the global market was 37MTs. Growth in the United States continues to be served by the statin messaging, and heart health benefits continue to drive growth in developing areas such as China.
NW: How have the Trump Administration’s tariffs on goods from China impacted the CoQ10 market?
Steinford: CoQ10 (Ubiquinone) has been removed from each of the tariff lists so far. The reaction f
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