by The Testosterone Booster Market consists of dietary supplements containing herbs, vitamins, minerals, and plant components that are advertised to naturally increase testosterone levels in men. There are several product types available in the market including pills, gels, creams, patches, and injections. It is commonly used by bodybuilders and athletes to gain muscle mass, increase sex drive and boost energy levels. However, physicians warn that excess testosterone from supplements can increase the risk of heart disease and prostate cancer.
The global Testosterone Booster Market is estimated to be valued at US$ 371.89 Mn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising demand of male health and fitness products is expected to drive the growth of Testosterone Booster Market over the forecast period. Men are increasingly becoming fitness conscious and prefer supplements to gain muscle mass and improve sexual performance. Also, growing popularity of bodybuilding as a sport and exercise regimen has fueled the sales of testosterone boosters globally.
Additionally, changing lifestyle and increase in stress level has led to declining testosterone level among males. This has created lucrative opportunities for manufacturers of testosterone boosters. Advertising and promotion of these products through social media and e-commerce platform has further aided their adoption rate. However, lack of clinical evidence and safety issues associated with excessive usage can hamper the market growth.
Segment Analysis
The testosterone booster market can be segmented based on ingredient type, distribution channel, and region. Among ingredient type, D-aspartic acid dominates the market as it helps boost testosterone levels by increasing LH levels in the body. Among distribution channel, retail stores are the most prominent segment as consumers prefer purchasing OTC testosterone boosters from retail stores after consulting with pharmacists regarding suitable products.
PEST Analysis
Political: The regulations governing the use of ingredients in testosterone boosters vary across countries. Stricter regulations in developed markets pose challenges to market players.
Economic: Rising disposable incomes coupled with increasing health awareness is fueling the demand for testosterone boosters globally. High costs of prescription drugs also support the growth of OTC testosterone boosters market.
Social: Increasing sedentary lifestyles and aging population have led to a rise in testosterone deficiency cases boosting the demand. However, the social stigma associated with declining masculinity remains a concern.
Technological: New formulation technologies help optimize ingredient delivery and potency of boosters. Players focus on developing natural/herbal products to cater to consumer preference for chemical-free products.
Key Takeaways
The Global Testosterone Booster Market Growth is expected to witness high over the forecast period of 2024 to 2031. The global Testosterone Booster Market is estimated to be valued at US$ 371.89 Mn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024 to 2031.
The North American region dominates the market currently due to high consumer awareness and easy availability of products. Regional analysis related content comprises Regional analysis related content: Europe is expected to be the fastest growing regional market owing to rising health consciousness among consumers in countries like Germany, UK, and France.
Key players related content comprises Key players related content: Key players operating in the testosterone booster market are Celanese Corporation, Eastman Chemical, Solutia, INEOS Group Limited, Rhodia Brasil, Showa Denko, Shanghai Wujing Chemical, Sasol Limited, Jiangmen Handsome, and Sekab. Celanese Corporation and Eastman Chemical are the prominent suppliers of bio-based and specialty plastics globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
