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  • Published On : Sep 2022
  • Code : CMI5259
  • Industry : Pharmaceutical
  • Pages : 156
  • Formats :

Testosterone is a male sex hormone produced in the testicles. Normal male sexual development and function rely on testosterone hormone levels. During puberty (the teen years), testosterone aids boys in developing male characteristics such as body and facial hair, a deeper voice, and muscle strength. Testosterone boosters include medications and supplements designed to increase testosterone levels in the body. Testosterone boosters are used by many athletes worldwide to achieve a significant muscle mass increase within a short period of time.

Global testosterone booster market is estimated to be valued at US$ 305.7 million in 2022 and is expected to exhibit a CAGR of 5.6% during the forecast period (2022-2030).

Figure 1.Global Testosterone Booster Market Share (%) in Terms of Value, By Component, 2022

Testosterone Booster  | Coherent Market Insights

Increasing prevalence of testosterone deficiency is expected to drive the market growth during the forecast period.

Increasing prevalence of testosterone deficiency is expected to drive the global testosterone booster market growth over the forecast period. For instance, according to data published by Frontiers Media S.A. in January 2020, it was stated that approximately 40% of men over the age of 45 and 50% of men in their 80s are hypogonadal. Testosterone levels have been found to decrease by 100 ng/dL every 10 years or an average rate of 1–2% per year beyond age 30, which may further vary by adiposity, medications, and chronic disease globally.

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Testosterone Booster Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 305.7 Mn
Historical Data for: 2017-2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 5.6% 2030 Value Projection: US$ 472.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Component: Vitamins, D-Aspartic Acid, Zinc, Others
  • By Source: Mucuna Pruriens, Ginseng, Oyster Extract, Fenugreek, Others
  • By Distribution Channel: Pharmacies, Hypermarkets & Supermarkets, Online Channels, Others
Companies covered:

TestoFuel., GNC Holdings, LLC, SMPNutra.com, Hybrid Nutraceutical, VH Nutrition LLC, Roar Ambition Ltd, Ultra Testo Rush, EVLUTION NUTRITION, Zoic Pharmaceuticals., Uniraylifesciences, BL Bio Lab LLC, and Nutritjet.com

Growth Drivers:
  • Increasing prevalence of testosterone deficiency
  • Increasing product launches of testosterone boosters
Restraints & Challenges:
  • Side effects associated with the use of testosterone booster

Figure 2. Global Testosterone Booster Market Share (%), By Region, 2022

Testosterone Booster  | Coherent Market Insights

Increasing product launches of testosterone boosters are expected to drive the market growth during the forecast period.

Increasing product launches of testosterone boosters are expected to drive the global testosterone booster market growth during the forecast period. For instance, in April 2021, Misters, one of India's premier men's sexual wellness brands, announced the launch of Misters Daily Josh, with Tesnor a herbal formulation that has been clinically tested to boost free testosterone levels.

Global Testosterone Booster Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdown have impacted the financial situation of several business sectors globally. Private healthcare sector is one of the sectors, which is majorly impacted by the COVID-19 pandemic. Moreover, coronavirus pandemic has negatively impacted the development, production, and supply of testosterone boosters and affected growth of the testosterone boosters and healthcare businesses of various companies. COVID-19 pandemic has affected the economy in three main ways; 1) By directly affecting the production and demand; 2) By creating disruptions in distribution channels; and 3) By its financial impact on firms and financial markets. Thus, COVID-19 pandemic is expected to have negative impact on supply chain of testosterone booster market

Global Testosterone Booster Market: Restraint

The major factors that hinder growth of the global testosterone booster market include side effects associated with the use of testosterone booster. Potential side effects of testosterone boosters include acne, male breast enlargement, edema, sleep apnea, infertility, etc. Moreover, people who inject testosterone may experience pain, swelling, or bruising near the injection site. Topical testosterone gels and patches can also induce allergic reactions at the application site.

Key Players

Key players operating in market include TestoFuel., GNC Holdings, LLC,  SMPNutra.com,  Hybrid Nutraceutical, VH Nutrition LLC, Roar Ambition Ltd, Ultra Testo Rush, EVLUTION NUTRITION, Zoic Pharmaceuticals., Uniraylifesciences, BL Bio Lab LLC, and Nutritjet.com.

Testosterone boosters are supplementary substances that can be used for the purpose of increasing testosterone levels in the blood. Testosterone boosters may provide the following benefits to people with low testosterone levels: increase sex drive, improve sexual function, increase muscle strength and physical endurance, and denser and stronger bones. The most common components for the supplements are vitamin B6, fenugreek, zinc, tribulus, magnesium, boron, diindolemethane, Eurycoma longifolia, and Maca extract.

Market Dynamics

Increasing initiatives by government and private organizations for testosterone deficiency are expected to drive the market growth during the forecast period. For instance, in December 2020, Association of British Clinical Diabetologists announced Launch of ABCD worldwide audit of testosterone deficiency in men with type 2 diabetes. In previous audits Association of British Clinical Diabetologist had found that the patients treated with medications in the real world tend to be different from those in clinical trials for example, heavier and more poorly controlled.  Thus this ABCD audit is being set up to establish the extent to which the patients treated, and the impact on them of testosterone treatment, matches the findings in the clinical trials. Moreover, increasing prevalence of testosterone deficiency is expected to drive the market growth over the forecast period. For instance, according to an article published in South African Medical Journal in December 2019, prevalence of low testosterone among men with type 2 diabetes mellitus (T2DM) was high in South Africa in 2019. The prevalence of low serum total testosterone (LSTT) and low serum free testosterone (LSFT) was 35.8% and 16.2%, respectively and the prevalence of androgen deficiency symptoms using the Ageing Males’ Symptoms Scale (AMS) questionnaire was 74.5% and correlated poorly with LSTT or LSFT.

 Key features of the study:

  • This report provides in-depth analysis of the global testosterone booster market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global testosterone booster market based on the following parameters – Company Highlights, Products Portfolio, Key Highlights, Financial Performance, Strategies
  • Key companies covered as a part of this study include TestoFuel.,  GNC Holdings, LLC,  SMPNutra.com,  Hybrid Nutraceutical, VH Nutrition LLC, Roar Ambition Ltd, Ultra Testo Rush, EVLUTION NUTRITION, Zoic Pharmaceuticals., Uniraylifesciences, BL Bio Lab LLC, and Nutritjet.com
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global testosterone booster market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global testosterone booster market.

Detailed Segmentation:

  • Global Testosterone Booster Market , By Component:
    • Vitamins
    • D-Aspartic Acid
    • Zinc
    • Others
  • Global Testosterone Booster Market , By Source :
    • Mucuna Pruriens
    • Ginseng
    • Oyster Extract
    • Fenugreek
    • Others
  • Global Testosterone Booster Market , By Distribution Channel :
    • Pharmacies
    • Hypermarkets & Supermarkets
    • Online Channels
    • Others
  • Global Testosterone Booster Market , By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • TestoFuel *
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • GNC Holdings, LLC
    • SMPNutra.com
    • Hybrid Nutraceutical
    • VH Nutrition LLC
    • Roar Ambition Ltd
    • Ultra Testo Rush
    • EVLUTION NUTRITION
    • Zoic Pharmaceuticals
    • Uniraylifesciences
    • BL Bio Lab LLC
    • Nutritjet.com

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global testosterone booster market size is estimated to be valued at US$ 305.7 million in 2022 and is expected to exhibit a CAGR of 5.6% between 2022 and 2030.
Factors such as increasing prevalence of testosterone deficiency and increasing product launches of testosterone boosters, are expected to drive the market growth over the forecast period.
Vitamins segment is expected to hold a major market share during the forecast period.
The major factors hampering growth of the market include side effects associated with the use of testosterone booster.
Major players operating in the market are TestoFuel., GNC Holdings, LLC,  SMPNutra.com,  Hybrid Nutraceutical, VH Nutrition LLC, Roar Ambition Ltd, Ultra Testo Rush, EVLUTION NUTRITION, Zoic Pharmaceuticals., Uniraylifesciences, BL Bio Lab LLC, and Nutritjet.com.

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