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Men's Health Supplements Market Size, Share Report, 2033
Men's Health Supplements Market Size
As per the report, the men's health supplements market size has grown rapidly in recent years. It will grow from $74.05 billion in 2023 to $81.54 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The men's health supplements market size is expected to see rapid growth in the next few years. It will grow to $120.62 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
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Increasing Nutritional Deficiencies Among Men Fueling Men's Health Supplement Market Growth
Increasing nutritional deficiencies among men are expected to propel the growth of the men's health supplement market going forward. Nutrient deficiencies occur when the body does not get enough essential vitamins, minerals, and other nutrients required for proper functioning and optimal health. Male health supplements are a potential way to fill nutrient gaps and enhance overall well-being, considering the rising incidence of nutritional deficiencies in males. Supplements for men's health support a balanced diet by supplying necessary vitamins, minerals, and other nutrients that may be missing from regular food intake. For instance, in November 2022, according to HealthMatch, an Australia-based digital health company, in the US, 50% of children under the age of five and 70% of children between the ages of six and eleven had insufficient vitamin D reserves, compared to 42% of deficient adults. Further, in 2021, according to FLHealthCharts, a US-based provider of easy access to health indicator data, deaths from Nutritional Deficiencies (All) had an age-adjusted rate of 4.1 per 100,000 people in Alachua County. Therefore, increasing nutritional deficiencies among men are driving the growth of the men's health supplement market.
Duocap Technology Innovation Enhance Men's Health Supplement Market Growth
Product innovation is the key trend gaining popularity in the men's health supplement market. Major companies operating in the men's health supplement market are focusing on developing new products to sustain their position in the market. For instance, in June 2023, GNC Holdings LLC, a US-based provider of health and nutrition-related products, launched Mega Men Ultra Testosterone, a science-backed innovation that provides an effective solution to optimize testosterone levels. It has been developed with DuoCap Technology, which connects two capsules to deliver a potent daily dose. It aims to improve lean muscle and enhance blood vessel dilation.
The men's health supplements market covered in this report is segmented -
1) By Type: Sports Supplements, Reproductive Health Supplements, Bone And Joint Health Supplements, Cardiovascular Health Supplements, Probiotic Supplements, Anti-Aging Supplements, Hair Growth Supplements, Weight Management Supplements, Immune Health Supplements, Other Types
2) By Age Group: 20-30, 31-45, 46-60, Above 60
3) By Formulation: Tablets, Capsules, Liquids, Powders, Other Formulations
4) By Distribution Channel: Online, Offline
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Major companies operating in the men's health supplements market report are Haleon plc, Herbalife Nutrition Ltd., GNC Holdings LLC, Vitamin Shoppe Inc., Biotest LLC, Hims & Hers Health Inc., Now Health Group Inc., Thorne Research Inc., Natrol LLC, Irwin Naturals Inc., Pharmavite LLC, Nutrix International LLC, Nordic Naturals Inc., Matsun Nutrition Inc., Makers Nutrition LLC, NutraBio Labs Inc., Vox Nutrition Inc., Nutricap Labs LLC, Nutrivo LLC, Paragon Laboratories Inc., Nutra Solutions USA Inc., Optimum Nutrition Inc., Vee Excel Drugs & Pharmaceuticals Pvt. Ltd., BioThrive Sciences LLC, Nutraceutical Wellness Inc., Botanic Supplements Private Limited, Custom Nutra LLC, Bio-Tech Pharmacal Inc., NutraPak USA, NuMedica LLC
Contents of the report:
1. Executive Summary
2. Men's Health Supplements Market Report Structure
3. Men's Health Supplements Market Trends And Strategies
4. Men's Health Supplements Market - Macro Economic Scenario
5. Men's Health Supplements Market Size And Growth
…..
27. Men's Health Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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