Global Sexual Health Supplement Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Sexual health supplements are products formulated with ingredients intended to support various aspects of sexual function and well-being in both men and women. These supplements typically contain a combination of vitamins, minerals, herbs, amino acids, and other natural compounds believed to promote sexual arousal, libido, stamina, and overall sexual performance.

Sizing and Forecast
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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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The sexual health supplement market report table of contents includes:
1. Executive Summary

2. Sexual Health Supplement Market Characteristics

3. Sexual Health Supplement Market Trends And Strategies

4. Sexual Health Supplement Market - Macro Economic Scenario

5. Global Sexual Health Supplement Market Size and Growth

.

32. Global Sexual Health Supplement Market Competitive Benchmarking

33. Global Sexual Health Supplement Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Sexual Health Supplement Market

35. Sexual Health Supplement Market Future Outlook and Potential Analysis

36. Appendix

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