Sexual Wellness Market Size (2020 to 2025)
As per the report published by Market Data Forecast, the size of the global sexual wellness market is forecasted to grow USD 40.4 billion by 2025, registering a 9.4% CAGR between 2020 to 2025.
Key Market Drivers:
In many countries, the government legalized marriages for gay, and this is accelerating the growth rate of the market. Creating awareness through digital advertisements and increasing popularity for sexual wellness products like vibrators, contraceptives, and others are propelling the demand of the market to the extent. The emergence of e-commerce and easy availability of the products have gained traction over the demand of the sexual wellness market. Online stores are offering discounts and other special offers for the customers, which are boosting up the growth rate of the market. Government initiative steps to prevent sexually transmitted diseases is likely to boost the growth rate of the market.
Browse TOC and other details of the global sexual wellness market research report that spread through 160 pages @ https://www.marketdataforecast.com/market-reports/sexual-wellness-market
Significant Challenges:
However, people in rural areas are less aware of these products, which is a major challenging factor for the market to grow. The easy availability of condoms and reduced sexual acts are impeding the demand of the market. Also, stringent rules and regulations by government organizations in most of the countries are slowly degrading the growth rate of the market.
COVID 19 impact on the Sexual Wellness Market:
COVID 19 has impacted every sector in various ways. The novel coronavirus has disrupted the manufacturing process of sexual wellness products due to lockdown restrictions. However, the demand for the market has been increased during the lockdown period. With certain relaxations from the government bodies to maintain constant economic growth, the demand for the market is propelled from the past few months. Key strategies by the market players are also leveling up the growth rate of the market during these tough times. Though there are supply disruptions during the lockdown restrictions, the market shares spike in a very short time due to increasing demand.
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This research report on the global sexual wellness market has been segmented and sub-segmented based on the product, distribution channels, and region.
By Product:
- Contraceptives
- Condoms
- Sex toys
- Lubricants
- Sexual enhancement supplements
- Others
By Distribution Channel:
- Hospital pharmacy
- Retail pharmacy
- Online pharmacy
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Among all, North America is holding with the dominant shares of the global sexual wellness market owing to the quick adoption of the latest technologies. Increasing awareness among the young population is escalating the growth rate of the market. Increasing disposable income in urban areas is also an attribute propelling the demand of the market. Europe is holding the second position in ruling with the largest shares of the market. Rising incidences of sexually transmitted diseases are leveling up the growth rate of the market. Also, changes in lifestyle and food habits also lead to sexual problems, which accelerate the growth rate of the market. Besides, the rising prevalence of online services where they are providing door delivery services is bolstering the demand of the market. Also, online stores maintain the privacy of the customers, which is attracting them to buy through online portals. This has enhanced the growth rate of the market. Some organizations are spreading awareness over the online portals, which is also leveraging the demand for the sexual wellness market.
Asia Pacific is witnessed in holding the highest CAGR from recent years. The increasing population and growing knowledge about the availability of the products even in undeveloped countries are elevating the demand of the market.
NOTABLE COMPANIES IN THIS MARKET:
Some of the companies that are playing a promising role in the global sexual wellness market analysed in this report are Church & Dwight co., Inc., Reckitt Benckiser Group plc, Doc Johnson Enterprises, Karex Berhad, TENGA Co., Ltd., Hot Octopuss, Caya, California Exotic Novelties LLC, Bijoux Indiscrets, and Adam & Eve Stores.
This report can be customized as per your requirements, talk to our analysts team @ https://www.marketdataforecast.com/market-reports/sexual-wellness-market/customization
List of Tables and Figures of the report:
- Global Sexual Wellness Market, By Region, From 2020 to 2025 (USD Million)
- Global Sexual Wellness Market, By Product, From 2020 to 2025 (USD Million)
- Global Contraceptives Market, By Region, From 2020 to 2025 (USD Million)
- Global Condoms Market, By Region, From 2020 to 2025 (USD Million)
- Global Sex toys Market, By Region, From 2020 to 2025 (USD Million)
- Global Lubricants Market, By Region, From 2020 to 2025 (USD Million)
- Global Sexual enhancement supplements Market, By Region, From 2020 to 2025 (USD Million)
- Global Others Market, By Region, From 2020 to 2025 (USD Million)
- Global Sexual Wellness Market, By Distribution Channel, From 2020 to 2025 (USD Million)
- Global Hospital pharmacy Market, By Region, From 2020 to 2025 (USD Million)
- Global Retail pharmacy Market, By Region, From 2020 to 2025 (USD Million)
- Global Online pharmacy Market, By Region, From 2020 to 2025 (USD Million)
- 88+ More
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