Testosterone booster market

Testosterone Booster Market, by Component (Vitamins, D-Aspartic Acid, Zinc and Others), by Source (Mucuna Pruriens Ginseng, Oyster Extract, Fenugreek and Others), by Distribution Channel (Pharmacies, Hypermarkets & Supermarkets, Online Channels and Others), and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Sep 2022
CMI5259
156 Pages
Excel & Pdf
Pharmaceutical

Summary

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

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.

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

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.

Table of Content

Table of Contents

*Browse 27 market data tables and 31 figures on "Global Testosterone Booster Market” - Forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global testosterone booster market during the forecast period (2022-2030)?

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.

What are the major factors driving the market growth?

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.

Which is the leading Component segment in the market?

Vitamins segment is expected to hold a major market share during the forecast period.

What are the key factors hampering growth of the market?

The major factors hampering growth of the market include side effects associated with the use of testosterone booster.

Which are the major players operating in market?

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.