Testosterone Booster Global Market Report 2024

The testosterone booster market size has grown strongly in recent years. It will grow from $5.11 billion in 2023 to $5.47 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to several factors, including endorsements by healthcare professionals, cultural shifts in beauty standards, fitness publications and media, globalization of fitness culture, and changing perceptions of masculinity.

The testosterone booster market size is expected to see strong growth in the next few years. It will grow to $7.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The forecasted growth in the healthcare market can be attributed to several factors, including the increasing emphasis on preventive healthcare, the expansion of e-commerce, heightened awareness of hormonal health, innovative marketing strategies, and the advancement of personalized medicine. Major trends expected in this period include the growing popularity of online sales channels, innovations in delivery formats for healthcare products, the integration of technology into healthcare services, efforts to penetrate global markets, and an increase in collaborations and partnerships within the industry.

The increasing awareness about health and fitness is expected to drive the growth of the testosterone booster market. Health and fitness encompass overall well-being and optimal body and mind functioning, including physical, mental, and social aspects of health. Testosterone boosters are believed to help increase muscle mass and strength, which can be beneficial for athletic performance and overall physical strength. For example, a survey of 2,271 UK adults by ukactive in September 2023 found that more than half of UK adults (54%) were motivated to stay physically active to help their mental health, while 49% did so to get in shape. Additionally, 86% agreed that staying physically active can help prevent various illnesses and injuries. These trends indicate that the growing awareness about health and fitness is driving the growth of the testosterone booster market.

Major companies in the testosterone booster market are developing advanced product formulations, such as integrating ayurvedic supplements, to strengthen their market position. Ayurvedic supplements offer a natural, holistic approach that resonates with consumers seeking alternatives to synthetic products. For example, in November 2023, Jagat Pharma Pvt Ltd. introduced a powerful testosterone booster formulated with key Ayurvedic ingredients such as Ginseng Root Extract, Gokhru, Ashwagandha, Fenugreek, Safed Musli, and Kawach Beej. This product aims to elevate energy levels, enhance endurance, and boost muscle power, improving physical performance and stamina.

In October 2022, Tolmar Inc., a US-based pharmaceutical company, acquired JATENZO from Clarus Therapeutics Holdings Inc. for an undisclosed amount. This strategic acquisition allows Tolmar to expand its urology portfolio and enhance its position in the field. JATENZO is an oral soft gel formulation of testosterone undecanoate used for testosterone replacement therapy in adult males. Clarus Therapeutics Holdings Inc. is a US-based pharmaceutical company known for producing testosterone products, including oral testosterone ester formulations.

Major companies operating in the testosterone booster market report are GNC Holdings LLC, Evolution Nutrition LLC, Iron Brothers Supplements, Musclepro Nutrition Pvt Ltd., Nutrabolt, Alpha Pro Tech Ltd., MuscleTech, Perfomance Lab, Hybrid Nutraceuticals LLC, Optimum Nutrition, Vita Balance Inc., JYM Suppliment Science, VH Nutrition LLC, SMP Nutra LLC, Roar Ambition Ltd, Ultra Testo Rush, BL Bio Lab LLC, Pharmgrade, Zenith Nutrition, CrazyBulk NZ, Nugenix, Lipocine Inc., TestoTEK, Invictus Labs, Zoic Pharmaceuticals.

North America was the largest region in the testosterone booster market in 2023. The regions covered in the testosterone booster market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the testosterone booster market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A testosterone booster is a supplement taken to naturally improve testosterone levels, a male sex hormone, in men. These supplements often contain a variety of ingredients, such as herbs and minerals, and are used in male health to enhance sexual performance, increase muscular strength, and promote muscle mass.

The main components found in testosterone boosters include vitamins, D-aspartic acid, and zinc. Vitamins are essential organic molecules required in small quantities for proper metabolic function. Other sources of these components include mucuna pruriens, ginseng, oyster extract, and fenugreek. Testosterone boosters are typically sold through hospitals, retail pharmacies, and online pharmacies.

The testosterone booster market research report is one of a series of new reports that provides testosterone booster market statistics, including testosterone booster industry global market size, regional shares, competitors with a testosterone booster market share, detailed testosterone booster market segments, market trends and opportunities, and any further data you may need to thrive in the testosterone booster industry. This testosterone booster market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The testosterone booster market consists of sales of fenugreek, tribulus terrestris, and ashwagandha. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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