The sexual health supplement global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sexual Health Supplement Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 CBD and 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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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
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 an aphrodisiac and 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.
The sexual health supplement market covered in this report is segmented –
1) By Type: Natural, Synthetic And Blend
2) By Formulation: Capsules, Tablets, Solutions, Powders, Others Formulations
3) By Gender: Men, Women
4) By Distribution: Online, Offline
5) By Application: Libido Boosting, Sexual Dysfunction, Stamina and Endurance, Fertility, Other Applications
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Regional Insights –
Asia Pacific was the largest region in the sexual health supplement market in 2023. The regions covered in the sexual health supplement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the sexual health supplement market report are 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
Table of Contents
1. Executive Summary
2. Sexual Health Supplement Market Report Structure
3. Sexual Health Supplement Market Trends And Strategies
4. Sexual Health Supplement Market – Macro Economic Scenario
5. Sexual Health Supplement Market Size And Growth
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27. Sexual Health Supplement Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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