Testosterone Booster Global Market Report 2024

Description

A testosterone booster is a supplement taken to naturally improve testosterone levels, a male sex hormone, in men. These supplements often contain a variety of ingredients, such as herbs and minerals, and are used in male health to enhance sexual performance, increase muscular strength, and promote muscle mass.

The main components found in testosterone boosters include vitamins, D-aspartic acid, and zinc. Vitamins are essential organic molecules required in small quantities for proper metabolic function. Other sources of these components include mucuna pruriens, ginseng, oyster extract, and fenugreek. Testosterone boosters are typically sold through hospitals, retail pharmacies, and online pharmacies.

The testosterone booster market research report is one of a series of new reports from The Business Research Company that provides testosterone booster market statistics, including testosterone booster industry global market size, regional shares, competitors with a testosterone booster market share, detailed testosterone booster market segments, market trends and opportunities, and any further data you may need to thrive in the testosterone booster industry. This testosterone booster market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The testosterone booster market size has grown strongly in recent years. It will grow from $5.11 billion in 2023 to $5.47 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to several factors, including endorsements by healthcare professionals, cultural shifts in beauty standards, fitness publications and media, globalization of fitness culture, and changing perceptions of masculinity.

The testosterone booster market size is expected to see strong growth in the next few years. It will grow to $7.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The forecasted growth in the healthcare market can be attributed to several factors, including the increasing emphasis on preventive healthcare, the expansion of e-commerce, heightened awareness of hormonal health, innovative marketing strategies, and the advancement of personalized medicine. Major trends expected in this period include the growing popularity of online sales channels, innovations in delivery formats for healthcare products, the integration of technology into healthcare services, efforts to penetrate global markets, and an increase in collaborations and partnerships within the industry.

The increasing awareness about health and fitness is expected to drive the growth of the testosterone booster market. Health and fitness encompass overall well-being and optimal body and mind functioning, including physical, mental, and social aspects of health. Testosterone boosters are believed to help increase muscle mass and strength, which can be beneficial for athletic performance and overall physical strength. For example, a survey of 2,271 UK adults by ukactive in September 2023 found that more than half of UK adults (54%) were motivated to stay physically active to help their mental health, while 49% did so to get in shape. Additionally, 86% agreed that staying physically active can help prevent various illnesses and injuries. These trends indicate that the growing awareness about health and fitness is driving the growth of the testosterone booster market.

Major companies in the testosterone booster market are developing advanced product formulations, such as integrating ayurvedic supplements, to strengthen their market position. Ayurvedic supplements offer a natural, holistic approach that resonates with consumers seeking alternatives to synthetic products. For example, in November 2023, Jagat Pharma Pvt Ltd. introduced a powerful testosterone booster formulated with key Ayurvedic ingredients such as Ginseng Root Extract, Gokhru, Ashwagandha, Fenugreek, Safed Musli, and Kawach Beej. This product aims to elevate energy levels, enhance endurance, and boost muscle power, improving physical performance and stamina.

In October 2022, Tolmar Inc., a US-based pharmaceutical company, acquired JATENZO from Clarus Therapeutics Holdings Inc. for an undisclosed amount. This strategic acquisition allows Tolmar to expand its urology portfolio and enhance its position in the field. JATENZO is an oral soft gel formulation of testosterone undecanoate used for testosterone replacement therapy in adult males. Clarus Therapeutics Holdings Inc. is a US-based pharmaceutical company known for producing testosterone products, including oral testosterone ester formulations.

Major companies operating in the testosterone booster market report are GNC Holdings LLC, Evolution Nutrition LLC, Iron Brothers Supplements, Musclepro Nutrition Pvt Ltd., Nutrabolt, Alpha Pro Tech Ltd., MuscleTech, Perfomance Lab, Hybrid Nutraceuticals LLC, Optimum Nutrition, Vita Balance Inc., JYM Suppliment Science, VH Nutrition LLC, SMP Nutra LLC, Roar Ambition Ltd, Ultra Testo Rush, BL Bio Lab LLC, Pharmgrade, Zenith Nutrition, CrazyBulk NZ, Nugenix, Lipocine Inc., TestoTEK, Invictus Labs, Zoic Pharmaceuticals

North America was the largest region in the testosterone booster market in 2023. The regions covered in the testosterone booster market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the testosterone booster market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The testosterone booster market consists of sales of fenugreek, tribulus terrestris, and ashwagandha. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Testosterone Booster Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on testosterone booster market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for testosterone booster? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The testosterone booster market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Component: Vitamins; D-Aspartic Acid; Zinc Component
2) By Source: Mucuna Pruriens; Ginseng; Oyster Extract; Fenugreek
3) By Application: Hospitals; Retail Pharmacies
Companies Mentioned: GNC Holdings LLC; Evolution Nutrition LLC; Iron Brothers Supplements; Musclepro Nutrition Pvt Ltd.; Nutrabolt
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16736

1. Executive Summary

2. Testosterone Booster Market Characteristics

3. Testosterone Booster Market Trends And Strategies

4. Testosterone Booster Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Testosterone Booster Market Size and Growth

5.1. Global Testosterone Booster Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Testosterone Booster Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Testosterone Booster Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Testosterone Booster Market Segmentation

6.1. Global Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Vitamins
D-Aspartic Acid
Zinc Component
6.2. Global Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Mucuna Pruriens
Ginseng
Oyster Extract
Fenugreek
6.3. Global Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals
Retail Pharmacies
Online Pharmacies

7. Testosterone Booster Market Regional And Country Analysis

7.1. Global Testosterone Booster Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Testosterone Booster Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Testosterone Booster Market

8.1. Asia-Pacific Testosterone Booster Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Testosterone Booster Market

9.1. China Testosterone Booster Market Overview
9.2. China Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Testosterone Booster Market

10.1. India Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Testosterone Booster Market

11.1. Japan Testosterone Booster Market Overview
11.2. Japan Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Testosterone Booster Market

12.1. Australia Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Testosterone Booster Market

13.1. Indonesia Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Testosterone Booster Market

14.1. South Korea Testosterone Booster Market Overview
14.2. South Korea Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Testosterone Booster Market

15.1. Western Europe Testosterone Booster Market Overview
15.2. Western Europe Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Testosterone Booster Market

16.1. UK Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Testosterone Booster Market

17.1. Germany Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Testosterone Booster Market

18.1. France Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Testosterone Booster Market

19.1. Italy Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Testosterone Booster Market

20.1. Spain Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Testosterone Booster Market

21.1. Eastern Europe Testosterone Booster Market Overview
21.2. Eastern Europe Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Testosterone Booster Market

22.1. Russia Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Testosterone Booster Market

23.1. North America Testosterone Booster Market Overview
23.2. North America Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Testosterone Booster Market

24.1. USA Testosterone Booster Market Overview
24.2. USA Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Testosterone Booster Market

25.1. Canada Testosterone Booster Market Overview
25.2. Canada Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Testosterone Booster Market

26.1. South America Testosterone Booster Market Overview
26.2. South America Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Testosterone Booster Market

27.1. Brazil Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Testosterone Booster Market

28.1. Middle East Testosterone Booster Market Overview
28.2. Middle East Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Testosterone Booster Market

29.1. Africa Testosterone Booster Market Overview
29.2. Africa Testosterone Booster Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Testosterone Booster Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Testosterone Booster Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Testosterone Booster Market Competitive Landscape And Company Profiles

30.1. Testosterone Booster Market Competitive Landscape
30.2. Testosterone Booster Market Company Profiles
- 30.2.1. GNC Holdings LLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Evolution Nutrition LLC
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Iron Brothers Supplements
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Musclepro Nutrition Pvt Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Nutrabolt
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Testosterone Booster Market Other Major And Innovative Companies

31.1. Alpha Pro Tech Ltd.
31.2. MuscleTech
31.3. Perfomance Lab
31.4. Hybrid Nutraceuticals LLC
31.5. Optimum Nutrition
31.6. Vita Balance Inc.
31.7. JYM Suppliment Science
31.8. VH Nutrition LLC
31.9. SMP Nutra LLC
31.10. Roar Ambition Ltd
31.11. Ultra Testo Rush
31.12. BL Bio Lab LLC
31.13. Pharmgrade
31.14. Zenith Nutrition
31.15. CrazyBulk NZ

32. Global Testosterone Booster Market Competitive Benchmarking

33. Global Testosterone Booster Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Testosterone Booster Market

35. Testosterone Booster Market Future Outlook and Potential Analysis

35.1 Testosterone Booster Market In 2028 - Countries Offering Most New Opportunities
35.2 Testosterone Booster Market In 2028 - Segments Offering Most New Opportunities
35.3 Testosterone Booster Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer