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Customers find sexual wellness products in the same retail outlets where they shop for other everyday items
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, UNITED STATE, July 18, 2024 /EINPresswire / -- According to a new report published by Allied market Research, titled,“Sexual Wellness Market ," The sexual wellness market size was valued at $20.6 billion in 2023, and is estimated to reach $32.5 billion by 2033, growing at a CAGR of 4.7% from 2024 to 2033.
Sexual wellness refers to the products that specifically address sexual needs and sexual well-being. It includes personal lubricants, sprays, and condoms as essential components. This market caters to individuals seeking products that enhance comfort, reduce friction, promote hygiene, and provide protection during sexual activity. Intimate care products are designed to support sexual wellness, pleasure, and overall sexual health, emphasizing the importance of self-care, and maintaining optimal intimate well-being.
Change in societal attitudes has a significant impact on the growth of the sexual wellness market. As societal perceptions become more open and accepting, the stigma surrounding sexual health and wellness has diminished, leading to increased adoption of products such as personal lubricants, sprays, and condoms. The normalization of discussions around sexual wellness encourages individuals to prioritize their sexual health, seek out innovative products, and incorporate them into their routines.
Empowerment and agency, along with a focus on diversity and inclusivity, further contribute to market growth as individuals feel supported and represented in their choices. With increased education, awareness, and the influence of media & pop culture, the changing societal attitudes foster an environment where sexual wellness products are seen as essential for pleasurable and safe sexual experiences, which is expected to create more sexual wellness market opportunities in the upcoming years.
Change in societal attitudes toward sexual wellness has contributed to a greater emphasis on diversity and inclusivity within the market. Manufacturers have recognized the importance of catering to different needs, preferences, and identities, leading to the development of a wider range of products. This inclusivity fosters a sense of belonging and enables individuals to find products that suit their unique requirements, further driving sexual wellness industry growth.
The influence of media and pop culture plays a pivotal role in driving the growth of the sexual wellness market. As representations of sexual wellness products become more prevalent in mainstream media, movies, TV shows, and advertisements, they contribute to normalizing the use of these products. With the sexual wellness market trends, the manufacturer offering the innovative products in the market to cater the demand.
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Media portrayals often depict sexual wellness products as desirable, enjoyable, and integral to a fulfilling sex life, influencing consumer behavior and creating a sense of aspiration and curiosity. By showcasing the benefits and positive experiences associated with these products, media, and pop culture shape consumer attitudes, increase awareness, and generate interest, thereby driving the demand and growth of the sexual wellness market.
The availability and accessibility of sexual wellness products vary across regions, particularly in rural or remote areas. Limited access to brick-and-mortar stores, inadequate distribution networks, or cultural barriers make it challenging for individuals to obtain these products. This lack of availability and accessibility constrain market growth in certain areas.
According to the market analysis, the sexual wellness market is segmented into product, distribution channel, and region. By product, the market is divided into personal lubricants, sprays, and condoms. By distribution channel, the market is classified into specialty stores, e-commerce, FDB, and white label. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, the UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Indonesia, and rest of Asia-Pacific), Latin America (Brazil, Argentina, and rest of Latin America), and Middle East and Africa (South Africa, Saudi Arabia, UAE, and rest of MEA).
By product, condoms segment accounted for more than 68.8% of the sexual wellness market share, in terms of revenue, in 2023. Condoms are one of the most effective methods for preventing the transmission of STIs, including HIV/AIDS. The global efforts to combat the spread of these diseases have contributed to increased condom usage, as individuals recognize the importance of protecting themselves and their partners.
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As per the distribution channel, the FDM segment led the market and accounted for more than 67.6% of the global sexual wellness market in 2023 and is expected to maintain its dominance during the forecast period. FDM retail stores, including supermarkets, drugstores, and mass merchandise retailers, are typically conveniently located and easily accessible to consumers. They have a wide network of stores, ensuring that sexual wellness products are readily available in multiple locations. This convenience factor plays a significant role in driving sexual wellness market growth as consumers conveniently purchase sexual wellness products alongside their regular shopping.
Region-wise, Asia-Pacific was the largest market in 2023 and had the highest market share of 37.1%. Several countries in the Asia Pacific region have populations with a strong focus on family planning. The desire to prevent unplanned pregnancies and the need for effective contraceptive methods drive the sexual wellness market demand, including condoms and other forms of contraception.
Some of the key players profiled in the sexual wellness market analysis include Bijoux indiscrets, California exotic novelties, Church and dwight co., Doc johnson enterprises, Karex berhad, Kessel medintim GmbH, Reckitt benckiser group plc, Tenga co, Astroglide, Trigg laboratories, Pjur, Wicked sensual care, Westridge labs, and Adam and Eve.
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Key findings of the study
By product, the sprays segment is projected to witness the highest CAGR of 5.3%, in revenue terms, during the forecast period.
By distribution channel, the specialty stores segment is projected to witness the highest CAGR of 5.8%, in revenue terms, during the forecast period.
By region, Latin America is anticipated to witness the highest growth rate, registering a CAGR of 7.2% from 2024 to 2033.
Country Reports We Have in this Industry:
. Canada Sexual Wellness Market Opportunity Analysis and Industry Forecast, 2022-2032
. Mexico Sexual Wellness Market Opportunity Analysis and Industry Forecast, 2022-2032
. Europe Sexual Wellness Market Opportunity Analysis and Industry Forecast, 2022-2032
. Germany Sexual Wellness Market Opportunity Analysis and Industry Forecast, 2022-2032
. UK Sexual Wellness Market Opportunity Analysis and Industry Forecast, 2022-2032
David Correa
Allied Market Research
+1 800-792-5285
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