Press release
Testosterone Booster Global Market Report 2024 - by Size, Share, Demand, Growth, Forecast To 2033
Testosterone Booster Market
The Business Research Company offers in-depth market insights through Testosterone Booster Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 endorsements by healthcare professionals, cultural shifts in beauty standards, fitness publications and media, globalization of fitness culture, 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 growth in the forecast period can be attributed to increasing emphasis on preventive healthcare, e-commerce expansion, heightened awareness of hormonal health, innovative marketing strategies, personalized medicine. Major trends in the forecast period include growing popularity of online sales channels, innovations in delivery formats, integration of technology, global market penetration, collaborations and partnerships.
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Market Segmentation:
The testosterone booster market covered in this report is segmented -
1) By Component: Vitamins, D-Aspartic Acid, Zinc Component
2) By Source: Mucuna Pruriens, Ginseng, Oyster Extract, Fenugreek
3) By Application: Hospitals, Retail Pharmacies
Major Driver - Rising Health And Fitness Awareness Fuels Growth In The Testosterone Booster Market
The growing awareness about health and fitness is expected to propel the growth of the testosterone booster market going forward. Health and fitness refer to the overall well-being and optimal functioning of the body and mind, and they encompass physical, mental, and social aspects of health, emphasizing the maintenance or improvement of one's body condition. Testosterone boosters may help increase muscle mass and strength, which can be beneficial for athletic performance and overall physical strength. For instance, in September 2023, according to a survey of 2,271 UK adults by ukactive, a UK-based not-for-profit industry association, more than half of UK adults (54%) reported that their main motivation for keeping physically active was to help their mental health, while 49% said it was getting in shape. Further, among them, 86% agreed that keeping physically active can help prevent various illnesses and injuries from occurring. Therefore, growing awareness about health and fitness is driving the growth of the testosterone booster market.
Competitive Landscape:
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
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Top Trend - Integration Of Ayurvedic Supplements In Testosterone Boosters Fuels Industry Advancements
Major companies operating in the testosterone booster market are developing advanced product formulations, such as the integration of ayurvedic supplements, to strengthen their position in the market. Ayurvedic supplements bring a unique set of benefits to testosterone boosters by offering a natural, holistic, and time-tested approach that resonates with consumers seeking alternatives to synthetic products. For instance, in November 2023, Jagat Pharma Pvt Ltd., an India-based ayurvedic company, introduced a powerful testosterone booster designed to elevate energy levels, enhance endurance, and boost muscle power. The company's latest product is formulated with key Ayurvedic ingredients, including Ginseng Root Extract, Gokhru, Ashwagandha, Fenugreek, Safed Musli, and Kawach Beej. The product's contents are designed to boost strength, power, and stamina, which improves physical performance and endurance.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Testosterone Booster Market Characteristics
3. Testosterone Booster Market Trends And Strategies
4. Testosterone Booster Market - Macro Economic Scenario
5. Testosterone Booster Market Size And Growth
…..
27. Testosterone Booster Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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