The global sexual enhancers market size was USD 220.15 Million in 2021 and is expected to register a revenue CAGR of 9.8% during the forecast period, according to latest analysis by Emergen Research. The growth of the market is attributed to the rising awareness regarding sexual dysfunction and its consequences among individuals, which is driving the demand for sexual enhancers. Moreover, changing social norms and increasing willingness among people to experiment with their sex life are also some of the key factors propelling market growth.
However, easy availability of substitutes is expected to restraint the market growth over the forecast period. Moreover, lack of awareness about sexual enhancers in some regions is projected to challenge the market growth in near future.
Sexual enhancers are products that are designed to improve sexual performance and pleasure. They can be used by both men and women. These products typically contain herbal ingredients or natural substances that have been traditionally used to enhance sexual desire, arousal, or pleasure.
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Recent years have seen a rise in popularity of natural sexual enhancers, as people are becoming more health conscious and looking for alternatives to conventional medications. These products are designed to improve sexual function and performance, and are often made from herbal ingredients that have a long history of use in traditional medicine.
Rising prevalence of erectile dysfunction and performance anxiety among men is expected to drive the growth of sexual enhancers market over the forecast period. According to Mayo Clinic, in 2015, about 30 million men in U.S. were affected by erectile dysfunction. Moreover, growing geriatric population and improving economic conditions in emerging economies are projected to propel the market growth over the next seven years.
Some Key Highlights From the Report
- The male sexual enhancers segment accounted for a moderate revenue share in 2021 due to the growing product availability in the market and rising awareness about sexual health among consumers.
- The female sexual enhancers segment is anticipated to expand at a rapid pace over the next few years, due to the increasing focus on women’s sexual health and well-being by manufacturers.
- The retail pharmacies disease segment accounted for a significant revenue share in 2021 owing to the rising number of people suffering from sexual disorders. The market is expected to grow owing to the easy availability of over-the-counter sexual enhancers in retail pharmacies. Moreover, the favorable reimbursement policies and growing awareness about sexual health are expected to boost the segment growth over the forecast period.
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- The e-commerce segment is projected to grow at a rapid pace over the forecast period owing to the increasing preference for online purchasing among consumers. The segment is expected to grow owing to the rising number of e-commerce platforms offering sexual enhancers at competitive prices. Moreover, the growing penetration of internet and mobile phones is expected to boost the segment growth over the forecast period.
- The North America region is expected to hold a significant revenue share in the global sexual enhancers market owing to the presence of a large number of manufacturers in the region. The region is expected to grow owing to the favorable reimbursement policies and growing awareness about sexual health. Moreover, the rising prevalence of sexual disorders is expected to boost the segment growth over the forecast period.
- The Asia Pacific sexual enhancers market is expected to register a significant CAGR over the forecast period, due to the growing awareness about sexual health and the availability of products in the region.
- Some major companies operating in the global market include Reckitt Benckiser Group PLC, Innovus Pharmaceuticals Inc., Leading Edge Health, Bright Pharma Caps Inc., Doc Johnson Enterprises, Ansell Ltd, LifeStyles Healthcare Pte. Ltd., Lovehoney Group Ltd., Pound International Corporation, and TEX Naturals.
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Emergen Research has segmented the global sexual enhancers market based on type, product type, distribution channel, and region:
- Type Outlook (Revenue, USD Million; 2019-2030)
- Male Sexual Enhancers
- Female Sexual Enhancers
- Product Type Outlook (Revenue, USD Million; 2019-2030)
- Pills & Supplements
- Gels & Creams
- Essential Oils
- Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
- Online Pharmacies
- Retail Pharmacies
- Hospital Pharmacies
- Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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