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2020-09-01
795
Global
Growing acceptance of sexual exploration and acceptance of Lesbian, Gay, Bisexual, and Transgender (LGBT) community and increasing concern of personal hygiene are driving the global sexual wellness market. The stigma to explore sexual activity and experimenting is fading due to liberalization and acceptance of homosexuality. More people are turning to the organized market owing to the convenience of buying through e-commerce stores that led to the growth of online stores. The global sexual wellness market is expected to grow at a CAGR of 7.1% during the forecast period of 2017-2030. The next big thing in the love industry is WiFi-enabled sex toys which are manufactured in Europe and the US. Market vendors like Orient Industry are focusing on offering replicas of a lifelike woman. Choice of the apt distribution channel and effective advertising strategies, vendors are focusing to lure a supreme level of consumers in the sexual wellness market. In addition, the proliferation of the internet is making online stores the fastest-growing distribution channel in the global sexual wellness market. For instance, online retail platforms like Amazon, eBay, Topco Sales, Lovehoney, and Ann Summers propose a comparative analysis of various categories and brands of sexual lubricants and sex toys to attract a larger consumer base. The paucity of funds due to the cultural taboo factor and ambiguous legal issues, investors stall to invade into the industry which also makes it tough to sustain and bloom the business in such a compact market. In addition, lack of sex-positive education and awareness is one of the biggest challenges sexual wellness companies face in the market.
By Product Type
The sex toys segment accounts for the highest share i.e. around 20% of the sexual wellness market owing to the growing popularity of vibrators for therapeutic purposes in women. In the US, female condoms segment is gaining roots and has witnessed high growth in recent years due to its reimbursement under Obamacare.
By Distribution Channel
Online websites are the fastest-growing distribution channel in the global sexual wellness market and growth in online sales is projected to increase by over 17.5% year on year. For instance, prominent retailers such as Sear's, Wal-Mart, Tesco, and Sainsbury’s are focusing on offering different products through their online channels to gain a larger market share.
By Geography
APAC acquires the major share in the global sexual wellness market in 2017 with more than 41% of the market share. Growing demand and proliferation of sexual wellness products like sex toys and condoms via online websites in India, China, Japan, and South Korea is likely to drive the growth of the market in APAC.
The report covers the present ground scenario and the future growth prospects of the facility management market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players worldwide. Global Sexual Wellness Market Outlook is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
Global Sexual Wellness Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Diabetes Management Devices market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Sexual Wellness Market Outlook Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Impact of COVID-19 Outbreak on “Global Sexual Wellness Market ”, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy. A complete detailed chapter of 50-70 pages which includes the data and information focused on impacts of the pandemic on the Global Sexual Wellness Market . It also showcases the expected recovery schedule and losses in the industry and other various major factors.
Our Global Sexual Wellness Market Outlook Report comprises of the following companies as the key players:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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