Men’s Health Supplements Market to Grow with a CAGR of 8.36% through 2028
Rising health awareness and the increasing stressful lifestyles are factors driving the global Men’s Health Supplements market in the forecast period 2024-2028.
According to TechSci Research report, “Men’s Health Supplements Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Men’s Health Supplements Market stood at USD 63.59 billion in 2022 and is anticipated to grow with a CAGR of 8.36% in the forecast period, 2024-2028. The global population is aging, and with this demographic shift comes an increased demand for health-related products. As men age, they often face various health challenges, such as prostate issues, heart health concerns, and declining testosterone levels. Men's health supplements are seen as a way to mitigate these issues and improve overall well-being.
One of the primary drivers of the men's health supplements market is the growing awareness of health and wellness among men. Men are becoming more conscious of the importance of maintaining a healthy lifestyle, which includes proper nutrition and dietary supplementation. This heightened awareness has led to an increased willingness among men to invest in health supplements to address specific health concerns.
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Modern lifestyles are often characterized by high levels of stress, busy schedules, and inadequate sleep. These factors can take a toll on men's health, leading to conditions like insomnia, anxiety, and fatigue. Men's health supplements that target stress reduction and mental well-being are in high demand to help combat these lifestyle-related issues.
The fitness and sports industry has gained immense popularity, with men increasingly focusing on physical fitness and performance enhancement. Men's health supplements that support muscle growth, endurance, and recovery are seeing substantial growth as they cater to the needs of fitness enthusiasts and athletes.
Dietary preferences are evolving, and many men are adopting vegetarian, vegan, or plant-based diets. These dietary choices can sometimes result in nutrient deficiencies, leading men to turn to supplements to bridge the nutritional gaps in their diets. Men's health supplements offer a convenient way to ensure that they get the essential vitamins and minerals they need.
The Global Men’s Health Supplements Market is segmented into Type, Formulation, Distribution Channel and company.
Based on Distribution Channel, the offline segment has emerged as the predominant market leader. Many consumers prefer to physically visit stores to buy health supplements because it allows them to interact with knowledgeable staff, seek recommendations, and examine product labels and packaging before making a purchase. This in-person shopping experience can build trust and confidence among consumers. Offline retail stores, especially well-established health and wellness stores, offer a sense of credibility and assurance. Consumers often trust brick-and-mortar establishments more when it comes to health-related products because they can see the physical presence of the store.
Based on region, Asia Pacific segment is expected to grow during the forecast period Effective marketing and promotion strategies by manufacturers and distributors have played a significant role in driving consumer awareness and demand for men's health supplements in the Asia Pacific region. The regulatory environment for dietary supplements and health products varies from country to country. In some Asia Pacific nations, regulations may be more favorable or less stringent than in other regions, making it easier for companies to introduce and market men's health supplements.
The Europe market is experiencing rapid market growth. The fitness and wellness industry is booming in Europe, and many men are actively engaged in sports, fitness routines, and bodybuilding. These individuals often use supplements to enhance their performance and recovery.
Major companies
operating in Global Men’s Health Supplements Market are:
- Nature's Laboratory Ltd
- Nordic Naturals
- NOW Foods
- Irwin Naturals inc.
- Guardian Healthcare Services Pvt. Ltd
- The Vitamin Shopee
- Amway Corporation
- Life Extension
- New Chapter, Inc.
- Metagenics LLC
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“The global men's health supplements market is on a robust growth trajectory, driven by a combination of factors including increased health awareness, an aging population, stressful lifestyles, fitness trends, changing dietary preferences, e-commerce growth, regulatory support, and personalization. As men continue to prioritize their health and wellness, the market for men's health supplements is likely to see sustained expansion, with innovations and advancements meeting the evolving needs of consumers. This industry offers promising opportunities for both consumers seeking to improve their well-being and businesses looking to capitalize on this growing market.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Men’s Health Supplements Market By Type (Sports Supplements, Reproductive Health Supplements, Bone & Joint Health Supplements, Cardiovascular Health Supplements, Probiotic Supplements, Anti-Aging Supplements, Hair Growth Supplements, Weight Management Supplements, Immune Health Supplements, Others), By Formulation( Tablets, Capsules, Liquids, Powders, Gummies, Others), By Distribution Channel (Online, Offline), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Men’s Health Supplements Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Men’s Health Supplements Market.
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