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NEW YORK , Sept. 9, 2022 /PRNewswire/ -- The "Sexual Wellness Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to increase by USD 42.02 billion , accelerating at a CAGR of 10.97% during the forecast period. The report identifies APAC as the major market. Factors such as increasing awareness and the growing acceptance of new products are creating significant opportunities for vendors operating in the region.
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The global sexual wellness market is highly fragmented due to the presence of numerous privately owned and operated vendors in the market. While condoms are widely available in various pharmacies, drugstores, and general merchandise stores, conventional retailers of other sexual wellness products are limited to fewer retail stores. The vendors compete based on pricing, quality, innovation, features, service, reputation, distribution, and promotional activities. The vendors in the global sexual wellness market make their products available online and partner with various e-commerce sites to sell their products.
The smaller independent sexual wellness stores are shutting down due to the increasing competition from e-commerce websites. This also improves the market standards as poorly performing companies either consolidate or exit. The growing popularity of sexual wellness among end-users has encouraged many vendors to expand their product offerings with new variants of their products. Owing to the increasing popularity of these products, numerous vendors are focusing on the R&D of new products with multifunctional benefits using natural ingredients.
Some vendors are expanding the sales of sexual wellness by launching their products on online platforms. A few vendors and government organizations are increasing the awareness of sexual health among end-users through various sexual wellness initiatives, which contribute to market growth. Vendors also differentiate their products with an option to customize to gain a competitive advantage in the market and increase their market share.
The increasing number of sexual wellness initiatives and crowdfunding campaigns has been instrumental in driving the growth of the market. However, increase in side effects might hamper the market growth.
The report identifies Adam and Eve Stores , Bad Dragon Enterprises Inc., Bijoux Indiscrets SL, BMS Factory, Church and Dwight Co. Inc., Doc Johnson Enterprises, Good Clean Love Inc., Hot Octopuss Ltd., Karex Berhad, KESSEL medintim GmbH, LELOi AB, Lovehoney Group Ltd., Luvu Brands Inc., Mayer Laboratories Inc., Okamoto Industries Inc., Panacea Biotec Ltd., Reckitt Benckiser Group PLC, TENGA Co. Ltd., The Aneros Co., and Veru Inc. as some of the prominent vendors operating in the global sexual wellness market. Request Sample Report Here
The global sexual wellness market is segmented as below:
The offline segment accounted for the maximum sales in the market in 2021. The segment includes adult toy stores, supermarkets and hypermarkets, and other retailers that sell sexual wellness products. The increased focus on the expansion of these stores by retailers is driving the growth of the segment.
The demand for sex toys has been significant in the market. The changing perception of individuals in society coupled with increasing exposure and popularity of sex toys in mainstream media are driving the growth of the segment.
APAC will emerge as the key market for sexual wellness products, occupying 35% of the global market share over the forecast period. The growth of the regional market can be attributed to the rising disposable incomes and the increasing penetration of the internet, especially in Tier-II cities of China and India .
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sexual wellness market report covers the following areas:
Accelerate at a CAGR of 10.97%
North America, Europe, APAC, South America, and Middle East and Africa
US, China, Japan, UK, and Germany
Leading companies, competitive strategies, consumer engagement scope
Adam and Eve Stores, Bad Dragon Enterprises Inc., Bijoux Indiscrets SL, BMS Factory, Church and Dwight Co. Inc., Doc Johnson Enterprises, Good Clean Love Inc., Hot Octopuss Ltd., Karex Berhad, KESSEL medintim GmbH, LELOi AB, Lovehoney Group Ltd., Luvu Brands Inc., Mayer Laboratories Inc., Okamoto Industries Inc., Panacea Biotec Ltd., Reckitt Benckiser Group PLC, TENGA Co. Ltd., The Aneros Co., and Veru Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
5 Market Segmentation by Distribution Channel
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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