According to FutureWise analysis the market for Testosterone Booster in 2023 is US$ 0.32 billion, and is expected to reach US$ 0.5 billion by 2031 at a CAGR of 5.80%.
The primary male sex hormone is testosterone. It is associated with male sexuality and is the primary hormone responsible for the characteristics associated with masculinity such as significant muscle mass, facial hair, libido, and sperm production. Furthermore, the hormone serves other important functions because its basic chemical composition is steroidal, and steroids are known to have significant physiological and psychological effects in males, particularly adults. Beginning around the age of 30, men's testosterone production begins to decline gradually. As a result, testosterone blood concentrations gradually decline with age. Men may experience a variety of physiological and psychological events as a result, including a lack of sex-drive, erectile dysfunction, acute depression, fatigue, low energy levels, and insomnia. Testosterone boosters are drugs and dietary supplements that work to raise the body's testosterone levels.
Increased testosterone levels have been shown to promote the development of body muscles and aid in greater neural system activation, resulting in increased power and strength, a better mood, increased libido, and many other advantages. A favourable association was established between testosterone-mediated responses and both functional performance and body composition in earlier studies on the anabolic function of testosterone and its impact on muscular strength in training-induced adaptations. Anabolic-androgenic steroids (AASs) are synthetic testosterone derivatives that are frequently used by athletes between the ages of 18 and 40. Nevertheless, multiple studies have shown that long-term usage of an AAS can have a number of toxic and hormonal side effects. The use of testosterone boosters is expanding in popularity among athletes due to the increased interest in herbal ingredients and other dietary supplements worldwide.
In ageing men, testosterone deficiency (hypogonadism) is recognized as a significant health problem. A lack of testosterone can have a negative impact on sexual function, physical health, and psychological health. Reduced androgen levels may result in increased body fat, loss of muscle and bone mass, exhaustion, anemia, low libido, and erectile dysfunction. Low testosterone is also more common in men who have common co-morbidities such as obesity, diabetes, and metabolic syndrome. As a result of the increase in the incidence and prevalence of testosterone deficiency, there is a greater need for research into boosters and medicines, which is driving the testosterone booster market. Further use of testosterone booster without any prescription can induce side effects for individuals suffering from prostate cancer, male breast cancer, a serious heart condition or severe liver or kidney diseases. Moreover, people who inject testosterone may experience pain and bruise at the site of injection. The use of testosterone boosters may have negative side effects, resulting in a slow growth rate in the market. OTC supplements of testosterone are also available in the market containing natural ingredients like D-aspartic acid, zinc, vitamins, fenugreek which are all proven to be affecting the testosterone level. These factors are grabbing attention of the customer which in turn is creating opportunities for player in the market to increase their product portfolio in order to secure higher customer base. The use of testosterone booster among gym enthusiast and body builders keeps trending due to studies suggesting how the product can help in gaining muscular mass and strength.
FutureWise Market Research has published a report that provides an insightful analysis of testosterone booster market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.
According to the analysis conducted by FutureWise research analysts, the testosterone booster market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.