Sexual Wellness Market Size to Reach USD 121. 6 Billion by 2030 Growing at CAGR of 4. 8% – Exclusive Report by Acumen Research and Consulting – GlobeNewswire
According to Acumen Study and Talking to, the global sexual wellness market size is expected to grow at a CAGR associated with 4. 8% during the forecast period from 2022 in order to 2030 and reach the market size of USD 121. 6 Billion simply by 2030, majorly supported by the growth through North America region.
ATLANTA, July 06, 2022 (GLOBE NEWSWIRE) — The global sexual wellness market size was valued in USD 80. 1 Billion dollars in 2021 and is estimated to reach the particular market dimension of UNITED STATES DOLLAR 121. six Billion by 2030, growing at the CAGR of 4. 8% from 2022 to 2030.
The developing prevalence associated with sexually transmitted diseases is one of the important trends in the sexual wellbeing market fueling the demand all over the world. According to the World Health Organization (WHO) statistics, every day, more than one million sexually carried infections (STIs) are diagnosed worldwide, large number associated with which are asymptomatic. The same data states that, each year, around 374 mil people become infected with one of four STIs: chlamydia, syphilis, gonorrhoea, or trichomoniasis. STIs have a serious influence on sexual plus reproductive health through stigma, cancers, infertility, and pregnancy problems, and they can also amplify the risk of HIV. As a result, rising awareness for safe sex and proper contraceptive use has rapidly altered the industry landscape, supporting the particular sexual health and fitness market revenue.
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Sexual Wellness Market Statement Coverage:
|Record Attributes||Global Sexual Wellbeing Market|
|Sex Wellness Marketplace Size in 2021||USD eighty. 1 Billion|
|Lovemaking Wellness Market Forecast By 2030||USD 121. 6 Billion dollars|
|CAGR During 2022 – 2030||4. 8%|
|Analysis Period||2018 – 2030|
|Forecast Data||2022 – 2030|
|Segments Covered||By Product, By End-User, By Distribution Channel, Simply by Region|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, plus Middle East & Africa|
|Key Companies Profiled|| Adam & Eve Stores, California Exotic Novelties LLC, Bijoux
Indiscrets, Church & Dwight co., Caya, Doc Johnson Enterprises, Inc.,
Hot Octopuss, KarexBerhad, Reckitt Benckiser Group Plc, and TENGA Co., Ltd.
|Report Coverage|| Market place Trends, Drivers, Restraints, Competitive Analysis,
Player Profiling, Regulation Analysis
|Customization Range||10 hrs associated with free customization and expert consultation|
Impact of COVID-19 Pandemic on Worldwide Sexual Health and fitness Market Share
The COVID-19 pandemic has had a positive impact on the global sexual well being market. The particular global spread of the coronavirus resulted in the lockdown plus strictly limited movement in many parts associated with the world. During the pandemic’s spread and when the lockdown was forced, global governments issued advisories encouraging safe sex. It augmented the particular consumption for sexual health items. Due to a lack of community interactions and social life, more people are turning to products like vibrators and dildos to satisfy their sex needs. This also increased the use of condoms in nearly every country around the world. It will be advantageous with regard to retailers to appeal to the masses that will do not regard the products as taboo. Instead, they are items that consumers add to their shopping lists and frequently purchase upon impulse. Due to the particular restrictions placed on stores and merchandisers during the COVID-19 outbreak, e-commerce became the only option for acquiring sexual health and wellness products. The pandemic has led in order to a significant increase in the use of e-commerce as a distribution platform for lovemaking wellness items.
Increasing Awareness Regarding Sexual Orientation And Intimate Relationships Is Fueling The Market Demand
Sexual health care and reproduction are among the most popular topics for good reason. Sex education is important because adult content is readily available, and thus the particular government is usually intervening. The particular efforts associated with Global Health Organizations and other organizations to improve women’s wellness in many underdeveloped countries have positively impacted the market growth of intimate wellness products. Furthermore, the ease of online shopping as a result of improved internet usage via Smartphone’s along with other smart devices offers boosted revenues of sex-related wellness items. Furthermore, the particular increased acceptance of the LGBT community, as well while the rights and legalization of gay marriages, drives the sexual wellness market share.
Physical pleasure and sex needs, on the other hand, are not really recognized, accepted, or encouraged within the majority of underdeveloped and developing countries. This factor could hinder the market from increasing.
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Worldwide Sex-related Wellness Market Segmentation
A global lovemaking wellness marketplace has been segmented into product, end-user, distribution channel, and geography. Based on the particular product, the market is definitely divided into male condoms, female contraceptives, sex toys, lubricants & sprays, plus others. Among them, the sex toys segment achieved the maximum share in 2021.
By end-user, the particular market can be categorized like men, women, and the LGBT community. Based on end-user, the men segment accounted for a substantial market share in 2021. Besides, the particular LGBT community is likely to witness rapid development throughout the forecast timeframe from 2022 to 2030.
Furthermore, the submission channel segment is split into specialty stores, online stores, drug shops, and supermarkets & hypermarkets. The online stores will dominate the entire distribution channel segment during the particular forecasted years 2022 in order to 2030. In addition, the specialized segment furthermore acquired a noteworthy market share inside 2021.
Sexual Well being Market Regional Overview
North The united states, Europe, Latina America, Asia-Pacific, and the Middle East & Africa are the regional classification from the global intimate wellness marketplace. In 2021, the The united states region gathered a substantial amount of share. The sexual and also market is certainly expected to develop rapidly in the coming years in the region because associated with the rising prevalence of sexually sent diseases (STDs) and HIV infection in the United States. In addition to that will, increased government initiatives and non-governmental organizations (NGOs) promoting contraceptive use are expected to drive market growth. Europe, on the other hand, is anticipated to acquire a substantial business in the particular coming 8 years. This is attributed to increased consciousness and sex education initiatives, which are usually likely to play a significant role in increasing Europe’s sex-related wellness marketplace share.
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Sexual Wellness Marketplace Players
Some sexual wellness companies covered globally include Adam & Event Stores, Reckitt Benckiser Team Plc, Bijoux Indiscrets, Doc Johnson Enterprises, Inc., Ca Exotic Novelties LLC, Caya, Church & Dwight co., Hot Octopuss, Karex Berhad, and TENGA Co., Ltd.
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