Sexual Health Supplement Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Sexual Health Supplement Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The sexual health supplement market size has grown rapidly in recent years. It will grow from $2.84 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to cultural shifts towards openness and acceptance, advancements in medical research and technology, increasing awareness and education about sexual health, changing lifestyles and stress levels, growing demand for natural and holistic remedies.

The sexual health supplement market size is expected to see rapid growth in the next few years. It will grow to $4.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to expanding aging population demographics, rising interest in personalized and tailored wellness solutions, evolving consumer attitudes towards preventative healthcare, emerging markets and globalization of wellness trends, increasing accessibility and availability of sexual health information online. Major trends in the forecast period include personalized formulations for specific demographics, integration of botanical ingredients, rise of subscription-based supplement services, adoption of evidence-based ingredients backed by clinical research, growth of digital health platforms for personalized wellness advice.

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Market Drivers and Trends:

The rise in lifestyle-related disorders is expected to propel the sexual health supplement market going forward. Lifestyle-related disorders refer to health conditions primarily caused or exacerbated by an individual's lifestyle choices and habits, including obesity, type 2 diabetes, cardiovascular diseases, and certain cancers. The rise in lifestyle-related disorders is due to sedentary lifestyles, unhealthy dietary habits, stress, and environmental factors. Sexual health supplements are often used as complementary or alternative treatments for lifestyle-related disorders that can impact sexual function, particularly by improving blood circulation, hormonal balance, stress reduction, increased energy and vitality, and enhanced mood. For instance, in September 2023, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the rise in lifestyle-related disorders is driving the growth of the sexual health supplement market.

Major companies operating in the sexual health supplement market are focusing on developing innovative products, such as Liboost, to cater to the growing consumer demand for natural and holistic remedies for sexual wellness. Liboost is a supplement made from the Turnera diffusa plant's leaves, which are native to subtropical climates. The extract is made by consuming the plant leaves, which have traditionally been used as a bladder tonic. For instance, in November 2022, Pharmactive Biotech Products, S.L., a Spain-based biotechnology company, launched Liboost to improve sexual health in women and men. It offers significant benefits for men and women, with reported improvements of 40% for men and 92% for women in overall sexual indexes following a four-week trial. It also functions by enhancing nitric oxide release in male reproductive endothelial tissues, leading to vasodilation through multiple molecular pathways, inhibiting the degradation of cGMP by the enzyme PDE-5, thus promoting smooth muscle relaxation.

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Major Key Players of the Market:

Pfizer Inc., GlaxoSmithKline Consumer Healthcare Ltd., Amway Corp., Glanbia Plc, Herbalife Ltd, General Nutrition Centers Inc, Dabur India Ltd., Exeltis USA Inc., The Nature's Bounty Co., NOW Health Group Inc., Nutraceutical Corporation, Metagenics Inc, Vitabiotics Ltd., Life Extension, Irwin Naturals Inc., Force Factor LLC, Swisse Wellness, Twinlab Consolidated Holdings Inc., Solgar Inc., Lovehoney Group Ltd, Himalaya Drug Company Pvt Ltd, Fairhaven Health LLC, BioXgenic LLC, Source Naturals, Coast Science LLC, LENUS Pharma GesmbH

Sexual Health Supplement Market 2024 Key Insights:

• The sexual health supplement market size is expected to see rapid growth in the next few years. It will grow to $4.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
• Lifestyle-Related Disorders Fuel Growth Of Sexual Health Supplement Market
• Pharmactive Biotech Launches Liboost Organic Supplement Revolutionizes Sexual Health
• Asia Pacific was the largest region in the sexual health supplement market in 2023

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