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Sexual Wellness Products Market Size, Share & Industry Analysis, By Product Type (Lubricants, Condoms, Sex Toys, and Others), By End-User (Men, Women, and LGBT Community), By Distribution Channel (Retail Outlets/Offline and E-commerce/Online), and Regional Forecast, 2024-2032
Report Format: PDF | Latest Update: Sep, 2024 | Published Date: Aug, 2024 | Report ID: FBI110030 | Status : PublishedThe global sexual wellness products market size was valued at USD 23.32 billion in 2023. The market is projected to grow from USD 25.01 billion in 2024 to USD 44.91 billion by 2032, exhibiting a CAGR of 7.59% during the forecast period of 2024-2032. Asia Pacific dominated the Sexual Wellness Products Market with a market share of 37.14% in 2023.
Sexual wellness involves exploring sexual pleasure and practicing safe sex using products, such as condoms and lubricants, to support sexual health. The demand for sexual wellness products is growing significantly owing to the rising awareness regarding sexual health and increasing cases of Sexually Transmitted Infections (STDs) worldwide. Furthermore, government initiatives to promote sexual health across developed and developing economies and increase the use of sex toys drive the global market growth.
The COVID-19 pandemic accelerated product sales worldwide, notably throughout 2020. The crisis increased the sales of products such as sex toys and sex dolls, notably through online distribution channels.
Sexual Wellness Products Market Trends
Rising Trend of Sextech Products to Boost Market Growth
The rise in innovation in sex technology or sex tech to enhance the sexual experience among individuals has increased the demand for sex tech products such as Bluetooth-enabled sex toys, VR Porn, sex robots, sexual wellness platform, and remote sex interface. The Bluetooth-enabled sex toys are connected to a smartphone application, which assists the user in efficiently controlling the features of the sex tech toys, such as the vibration and the speed of the toys, increasing their adoption. In addition, new sex tech product launches with advanced features are expected to fuel product sales. For instance, in January 2024, Ohdoki, a Norway-based sex tech products manufacturer, launched a vibrator that provides pleasure using sound waves.
Sexual Wellness Products Market Growth Factors
Rising Awareness Regarding Sexual Wellness Products to Fuel Market Growth
Consumers are becoming sexually empowered with increasing awareness regarding sexual health products. Governments and NGOs across various countries are raising consumer awareness regarding Sexually Transmitted Diseases (STDs) and promoting the use of male and female contraceptives to prevent diseases. Furthermore, the rising cases of sexually transmitted and HIV infections have encouraged individuals globally to use contraceptives while having sex. For instance, as per the Centers for Disease Control and Prevention, a U.S.-based government agency, around 1.2 million individuals across the U.S. aged 13 years and above have HIV. In addition, according to HIV.gov, an internet portal under the U.S. Department of Health & Human Services, in 2022, nearly 39 million individuals worldwide had HIV, including 1.5 million children (less than 15 years) and 37.5 million adults. Moreover, of these, 53% were females.
Manufacturers’ Emphasis on Social Media Advertising to Drive Product Sales
Social media plays a major role in modern business environments, especially in the manufacturing industry for capturing industry trends and consumer expectations. Platforms, including Instagram, YouTube, Facebook, and LinkedIn, have become the primary tools of sexual wellness product manufacturers for product or brand promotion, engaging target audiences, and building brand recognition. In addition, digital platforms such as Instagram and Pinterest provide interactive features and dynamic visuals, which allow manufacturers to go beyond traditional marketing and provide a transparent and better experience to the consumer. The advertisement in these digital platforms increases brand awareness and develops a direct connection with the consumer, which boosts the loyalty and trust of consumers for the brand. Digital platforms also help manufacturers to increase customer reach in a short period. Thus, a rise in the inclination of manufacturers toward social media platforms favors the global sexual wellness market growth.
RESTRAINING FACTORS
Use of Harmful Material in Sexual Wellness Products to Restrain Market Growth
Harmful chemicals such as phthalates are used to increase the elasticity in plastics, which makes vibrators, anal toys, and dildos more flexible and transparent. The use of phthalate chemicals in sex toys can cause diseases such as asthma, breast cancer, reproductive health issues, type II diabetes, and obesity. Furthermore, young children and pregnant women are a few of the significantly susceptible to the damages caused by phthalates. Other harmful chemical substances, including carbon disulphide, dimethyltin chloride, cadmium, and phenol, are also found in sex toys which harm the central nervous system. Thus, a rise in the use of harmful chemical substances restrains individuals from purchasing sexual wellness products, hampering the sexual wellness products market growth.
Sexual Wellness Products Market Segmentation Analysis
By Product Type Analysis
Technological Advancements in Sex Toys to Fuel Segmental Growth
Based on product type, the market is segmented into sex toys, condoms, lubricants, and others.
The sex toys segment holds the highest sexual wellness products market share. The growing consumer awareness regarding sex toys and the interest in self-intimacy or pleasure boosts product demand. Furthermore, rising technological advancements and innovation in sex toys have further encouraged consumers to use products, which supports segmental growth.
The condoms segment is expected to grow at the highest CAGR during the forecast period. The rise in the development of condoms in innovative shapes, flavors, and packaging fuels product sales. Moreover, increasing government programs or initiatives, along with sex education programs making individuals aware of sexually transmitted diseases, will drive the product demand globally.
By End-User Analysis
High Product Adoption among Women to Support Segmental Expansion
Based on end-user, the market is segmented into men, women, and LGBT community.
The women segment is set to hold a major share throughout the forecast period. The adoption of female contraceptive products has increased globally as they protect from unwanted pregnancy and Sexually Transmitted Diseases (STDs). Key players also emphasize offering these products through both physical and online stores to accelerate sales.
The men segment is anticipated to grow at a significant rate in the coming years. This is due to a rise in awareness regarding male sexual health products such as condoms, lubricants, sex dolls, and male masturbators, which increase product demand.
By Distribution Channel Analysis
High Purchase Convenience to Drive Retail Outlets/Offline Segment Growth
Based on distribution channel, the market is segmented into retail outlets/offline and e-commerce/online.
The retail outlets/offline segment will lead the global sexual wellness products market over the forecast period. This is due to the increasing number of physical stores providing a diversified range of sexual health products under one roof which increases consumer inclination toward them and drives segmental growth.
The e-commerce/online segment will grow significantly in the coming years due to growing awareness regarding digital shopping and its associated benefits among customers. E-commerce/online shopping platforms also provide high discounts, price comparisons, and a wide variety of products, which will further fuel the segment growth.
REGIONAL INSIGHTS
Based on region, the market has been studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Asia Pacific dominates the global market fueled by the growing population, disposable income, urbanization, and changing lifestyle of individuals. In addition, the rising access to internet in Asia Pacific countries has assisted in the promotion and sales of sexual health products. Moreover, a rise in government support and innovation in contraceptive products, such as condoms and lubricants, will foster the product demand in the region.
North America is growing at a significant pace owing to the rising awareness regarding the health issues caused by sexual activity, including sexually transmitted diseases such as crabs, genital herpes, and chlamydia among men and women, across the region. Furthermore, the growing acceptance of the lesbian, gay, bisexual, and transgender community and purchasers of sex toys, including adult vibrators, erection rings, and dildos, fuels regional expansion.
Europe will grow at a significant CAGR owing to the growing government and NGO efforts toward sex education programs to spread awareness regarding sexual wellness. Moreover, the sexual wellness product demand is expected to boost in Europe to prevent the increasing cases of HIV. For instance, as per the European Centre for Disease Prevention and Control, a Sweden-based government agency, 37 countries across the region reported an increase in HIV cases in 2022 compared to 2021.
South America and the Middle East & Africa have witnessed a high demand for sexual wellness products owing to rising disposable income, employment opportunities, and focus on a healthy lifestyle. Moreover, market players offering products through various distribution channels such as hypermarkets, specialty stores, pharmacies, and online stores are expected to fuel product sales across these regions.
KEY INDUSTRY PLAYERS
Key Players are Investing in Marketing to Boost Brand Awareness
The sexual wellness products market is extremely competitive, with prominent companies, such as Reckitt Benckiser Group PLC, Mankind Pharma, and The Kama Sutra Company, focusing on collaborations, business expansions, and technological innovations to expand market share. They are also investing in promotion and marketing to fuel brand awareness and product sales.
List of Top Sexual Wellness Products Companies:
- Reckitt Benckiser Group PLC (U.K.)
- BIOFILM, INC. (U.S.)
- Church & Dwight Co., Inc. (U.S.)
- Mankind Pharma (India)
- WOW Tech Europe GmbH (Berlin)
- Bijoux Indiscrets (U.S.)
- Linden Capital Partners (Lifestyles) (U.S.)
- Karex Berhad (Malaysia)
- CalExotics (U.S.)
- Doc Johnson Enterprises (U.S.)
- The Kama Sutra Company (U.S.)
KEY INDUSTRY DEVELOPMENTS:
- September 2023 – BIOFILM INC., a Vista, California-based personal lubricants manufacturer, launched ASTROGLIDE Lube Plus, which is a new line of lube that has long-lasting slip and performance.
- May 2022 – Playground, a U.S.-based sexual wellness products company, introduced a new lubricant collection to expand product line and increase its sales figures.
- September 2022 – Maude, a U.S.-based sexual wellness products company, launched a new vibrator, which increased its product range in the online platform.
- September 2021 – Durex, a condom brand under Reckitt Benckiser Group PLC, a U.K.-based consumer goods player, launched new promotional campaigns for its newly introduced extra-thin flavored condoms in India. The campaign would help the company increase its brand reach and sales.
- January 2021 – Reckitt Benckiser Group PLC, a U.K.-based consumer goods company, acquired Queen V, a brand providing feminine sexual wellness products. The acquisition helped the company enhance its product portfolio.
REPORT COVERAGE
The report provides a market analysis and focuses on key aspects, such as competition landscape, regional analysis, product type, end-user, and distribution channels. Besides this, it offers insights into various market trends and highlights key industry developments. In addition to the above-mentioned factors, the report encompasses several other factors that have contributed to the growth of the market in recent years.
Report Scope & Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 7.59% from 2024 to 2032 |
Unit | Value (USD Billion) |
Segmentation | By Product Type
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By End-User
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By Distribution Channel
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By Region
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Frequently Asked Questions
How much is the sexual wellness products market worth?
Fortune Business Insights says that the market size was valued at USD 23.32 billion in 2023 and is projected to reach USD 44.91 billion by 2032.
At what CAGR is the sexual wellness products market projected to grow during the forecast period of 2024-2032?
Recording a CAGR of 7.59%, the market will exhibit steady growth over the forecast period of 2024-2032.
What was the value of the market in Asia Pacific in 2023?
In 2023, the Asia Pacific market value stood at USD 8.66 billion.
Which is the leading segment based on product type?
Based on product type, the sex toys segment is leading the market.
What is the key factor driving the market?
The rising awareness regarding sexual wellness products fuels market growth.
Who are the major players in this market?
Reckitt Benckiser Group PLC, BIOFILM, INC., and Church & Dwight Co., Inc. are the major players in the market.
Which region held the highest share in the market?
Asia Pacific dominated the market in terms of share in 2023.
Which factor is expected to drive the adoption of this product?
Increasing manufacturer emphasis on social media advertising is anticipated to drive the product adoption.
- Global
- 2023
- 2019-2022
- 198