Men’s Health Supplements Global Market Outlook 2023-2032: Size And Growth Rate Analysis
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As per The Business Research Company’s Men’s Health Supplements Global Market Report 2023, The global men’s health supplements market is expected to grow from $67.49 billion in 2022 to $74.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The men’s health supplements market is expected to reach $108.25 billion in 2027 at a CAGR of 10%.
What was the major driver in the men’s health supplements market?
Increasing nutritional deficiencies among men are expected to propel the growth of the men’s health supplement market going forward. 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.
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What was the key trend in the men’s health supplements market?
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.
Which was the largest region in the men’s health supplements market?
Asia-Pacific was the largest region in the men’s health supplements market in 2022. The regions covered in men’s health supplements report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the men’s health supplements market prominent players?
Major players in the men’s health supplements market 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, and NuMedica LLC.
Key men’s health supplements market segments
The global men’s health supplements market 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, Gummies, Other Formulations
4) By Distribution Channel: Online, Offline
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