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.
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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.
Aphrodisiac Powder Market: Segmentation
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* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now