The Men's Health Supplements Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Men's Health Supplements Global Market Report 2024, The men's health supplements market size has grown rapidly in recent years. It will grow from $74.05 billion in 2023 to $81.54 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to growing awareness of health and wellness, increase in aging male population, expansion of fitness and bodybuilding culture, rise in stressful lifestyles, adoption of preventive healthcare measures, surge in dietary supplement usage, growth in sports and athletic performance.
The men's health supplements market size is expected to see rapid growth in the next few years. It will grow to $120.62 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to influence of social media on health trends, adoption of herbal and natural ingredients, emphasis on immune system support, increased demand for testosterone boosters, expansion of e-commerce and online retailing, adoption of personalized nutrition solutions, rise in male-specific health concerns, development of plant-based and vegan men's supplements. Major trends in the forecast period include advances in nutraceutical research, integration of innovative delivery formats, integration of probiotics for digestive health, adoption of blockchain for supply chain transparency, emphasis on sustainable packaging practices.
Increasing nutritional deficiencies among men are expected to propel the growth of the men's health supplement market going forward. Nutrient deficiencies occur when the body does not get enough essential vitamins, minerals, and other nutrients required for proper functioning and optimal health. Male health supplements are a potential way to fill nutrient gaps and enhance overall well-being, considering the rising incidence of nutritional deficiencies in males. Supplements for men's health support a balanced diet by supplying necessary vitamins, minerals, and other nutrients that may be missing from regular food intake. 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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The men's health supplements market covered in this report 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
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.
The men's health supplements market report table of contents includes:
1. Executive Summary
2. Men's Health Supplements Market Characteristics
3.Men's Health Supplements Market Trends And Strategies
4.Men's Health Supplements Market analysis
5.Men's Health Supplements Market Size And Growth
6.Men's Health Supplements Segmentation
7.Men's Health Supplements Regional And Country Analysis
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27. Men's Health Supplements Competitive Landscape And Company Profiles
28.Men's Health Supplements Key Mergers And Acquisitions
29.Men's Health Supplements Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Haleon PLC
- Herbalife Nutrition Ltd.
- GNC Holdings LLC
- Vitamin Shoppe Inc.
- Biotest LLC
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