TESTOSTERONE BOOSTER MARKET ANALYSIS

Testosterone is a male sex hormone produced in the testicles. Normal male sexual development and function rely on testosterone hormone levels. During puberty (the teen years), testosterone aids boys in developing male characteristics such as body and facial hair, a deeper voice, and muscle strength. Testosterone boosters include medications and supplements designed to increase testosterone levels in the body. Testosterone boosters are used by many athletes worldwide to achieve a significant muscle mass increase within a short period of time.

Global testosterone booster market is estimated to be valued at US$ 305.7 million in 2022 and is expected to exhibit a CAGR of 5.6% during the forecast period (2022-2030).

Figure 1.Global Testosterone Booster Market Share (%) in Terms of Value, By Component, 2022

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Increasing prevalence of testosterone deficiency is expected to drive the market growth during the forecast period.

Increasing prevalence of testosterone deficiency is expected to drive the global testosterone booster market growth over the forecast period. For instance, according to data published by Frontiers Media S.A. in January 2020, it was stated that approximately 40% of men over the age of 45 and 50% of men in their 80s are hypogonadal. Testosterone levels have been found to decrease by 100 ng/dL every 10 years or an average rate of 1–2% per year beyond age 30, which may further vary by adiposity, medications, and chronic disease globally.

Figure 2. Global Testosterone Booster Market Share (%), By Region, 2022

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Increasing product launches of testosterone boosters are expected to drive the market growth during the forecast period.

Increasing product launches of testosterone boosters are expected to drive the global testosterone booster market growth during the forecast period. For instance, in April 2021, Misters, one of India's premier men's sexual wellness brands, announced the launch of Misters Daily Josh, with Tesnor a herbal formulation that has been clinically tested to boost free testosterone levels.

Global Testosterone Booster Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdown have impacted the financial situation of several business sectors globally. Private healthcare sector is one of the sectors, which is majorly impacted by the COVID-19 pandemic. Moreover, coronavirus pandemic has negatively impacted the development, production, and supply of testosterone boosters and affected growth of the testosterone boosters and healthcare businesses of various companies. COVID-19 pandemic has affected the economy in three main ways; 1) By directly affecting the production and demand; 2) By creating disruptions in distribution channels; and 3) By its financial impact on firms and financial markets. Thus, COVID-19 pandemic is expected to have negative impact on supply chain of testosterone booster market

Global Testosterone Booster Market: Restraint

The major factors that hinder growth of the global testosterone booster market include side effects associated with the use of testosterone booster. Potential side effects of testosterone boosters include acne, male breast enlargement, edema, sleep apnea, infertility, etc. Moreover, people who inject testosterone may experience pain, swelling, or bruising near the injection site. Topical testosterone gels and patches can also induce allergic reactions at the application site.

Key Players

Key players operating in market include TestoFuel., GNC Holdings, LLC,  SMPNutra.com,  Hybrid Nutraceutical, VH Nutrition LLC, Roar Ambition Ltd, Ultra Testo Rush, EVLUTION NUTRITION, Zoic Pharmaceuticals., Uniraylifesciences, BL Bio Lab LLC, and Nutritjet.com.