Testosterone Booster Market, by Component (Vitamins, D-Aspartic Acid, Zinc and Others), by Source (Mucuna Pruriens Ginseng, Oyster Extract, Fenugreek and Others), by Distribution Channel (Pharmacies, Hypermarkets & Supermarkets, Online Channels and Others), and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Sep 2022

Code : CMI5259

Pages :156

Formats :

Excel and PDF

Industry : Pharmaceutical

Testosterone Booster MarketSize and Trends

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).

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.

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