North America to Grab the Lion's Share in the Aphrodisiac Powder Market

Introduction

Impact of COVID-19

The outbreak has caused a sharp decline in the global economy and disruptions in the global supply chain. The pandemic has cast uncertainties for various industries across the globe. The pandemic is expected to limit the revenue of the aphrodisiac powder market due to a shortage of rawmaterial and labor. The nature of the pandemic has compelled the governments of multiple countries to impose social distancing norms and severe lockdowns. The stagnant economic growth and lower consumer demand may hamper the growth of the market during the forecast 2017–2029.

Regional Analysis

North America's aphrodisiac powder market is observing the fastest growth rate during the forecast period on account of the rising number of people suffering from sexual dysfunction. Around 25–63% of American women have sexual dysfunction. This has contributed to higher divorce rates among married couples in the region. Consumers are adopting organic and natural ways to address the problem and stimulate blood levels. Moreover, the changing lifestyle of individuals in the U.S. isdriving the demand for market growth.

The consumption of aphrodisiac powder has been considerably high in the regions of North America, Africa, and Asia. In the U.S., there is a huge demand for various types of herbs, such as Yohimbe and tropical almond, among others, which are traditionally used for extracting aphrodisiac powder. Sexual dysfunction is also caused by various factors, such as stress, depression, anxiety, and many others. The fast-paced life of people and early life exposure has caused depression among 40% of teenagers, further leading to sexual problems.

Key Highlights

• The aphrodisiac powder market is expected to grow with a CAGR of xx%, owing to the growing demand for natural ways to treat sexual problems
• The plant-based segment holds the largest market share during the forecast period. Consumers are inclined towards plant-based aphrodisiac powder across the globe owing to the array of benefits over other sources
• Asia-Pacific, owing to the developing economies and the presence of natural herbs, is a frontrunner in the aphrodisiac powder market

Competitive Players

Key Players

• Cupid Labs Ltd.
• Biopark Cosmetics
• Farfalla Essentials AG
• Super Silver Fox
• Green Healthy Living International Co., Ltd.
• Moon Juice

Recent Developments

Segmentation

Aphrodisiac Powder Market: Segmentation

By Source

• Plants
• Animals
• Minerals

By End-User

• Pharmaceutical
• Cosmetic
• Aromatherapy

By Region

• North America
• Europe
• Asia-Pacific
• South America
• The Middle-East and Africa