Testosterone Booster Supplements Market Is Estimated To Be Valued At US$ 77.2 Million In 2023

Fact has published a new market study report on testosterone booster pills. According to MR, the worldwide testosterone booster supplements market will be worth $72.8 million in 2022. The market is estimated to reach a valuation of US$ 144.2 million by the end of the forecast period, with 6.4% projected growth from 2023 to 2033.

Mucuna Prurient is estimated to be the most profitable variety in the market, with a CAGR of more than 6% from 2023 to 2033.

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According to Fact.MR, a market research and competitive intelligence service, the testosterone booster supplements market value expanded at a CAGR of roughly 4% from 2018 to 2022. The market is expected to achieve a valuation of US$ 144.2 million by 2033, with an absolute dollar potential of US$ 67 million.

Key Derivers:
Testosterone booster supplements are supplements that are intended to raise the body's levels of Testosterone, the principal male sex hormone. These supplements frequently contain a combination of natural components, including as herbs, vitamins, and minerals, which are thought to promote the body's natural Testosterone production. The pills are sold to men who may have low Testosterone levels, which can cause a variety of symptoms such as diminished sex desire, muscle mass loss, and exhaustion.

Among the most recent market developments are:
GNC Holdings announced the acquisition of LuckyVitamin, an online retailer of health and wellness items such as supplements and vitamins, in December 2020.

Endo International announced in August 2021 that it has acquired FDA clearance for AVEED, a novel Testosterone injectable. AVEED is intended to be administered once every 10 weeks, as opposed to other Testosterone injections, which are commonly administered once every 2-4 weeks.

Key Players:
• TestoFuel
• GNC Holdings, LLC
• SMP Nutra
• Hybrid Nutraceutical
• VH Nutrition LLC
• Roar Ambition Ltd
• Ultra Testo Rush
• EVLUTION NUTRITION
• Zoic Pharmaceuticals
• Uniraylifesciences
• BL Bio Lab, LLC
• Nutritjet
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Regional Analysis:

The market in China is predicted to expand to be worth US$ 18 million, with an absolute currency increase of US$ 7.8 million. From 2018 to 2022, the Chinese market grew at a CAGR of 3.4%, and it is predicted to increase at a CAGR of 5.9% from 2023 to 2033.

Total supplement sales in China climbed by 7.6% year on year, rising from $36.4 million in 2019 to $39.3 million in 2020. The growing public interest in natural cures contributes to the expansion of the supplement business. The rising demand for supplements has an impact on market growth.

In Japan, the market is predicted to expand to US$ 9 million in value, with an absolute currency increase of US$ 3.3 million. From 2018 to 2022, the Japanese market grew at a CAGR of 2%, and it is predicted to increase at a CAGR of 4.6% from 2023 to 2033.

Ginseng extract supplements are quickly expanding in Japan as a result of rising consumer demand and traditional health and wellness therapies. Ginseng extract sales in Japan were estimated to be over US$ 41 million. Ginseng extract pills are widely utilized in the nation for its possible health advantages, which include increased testosterone levels and improved cognitive performance. This has an impact on the growth of the market for Testosterone supplements.

Key Segments of Industry:
• By Source :
o Mucuna Pruriens
o Ginseng
o Oyster Extract
o Fenugreek
o Ashwagandha
o Forskohlii
• By Form :
o Capsules
o Powder
• By Distribution Channel :
o Online Sales
o Hypermarkets & Supermarkets
o Pharmacy Stores

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This release was published on openPR.