Surge in instances of AIDS/HIV & STIs, use of social
marketing to promote products, and rise in R&D investments are
factors that boost the growth of sexual wellness market.
WILMINGTON,
Del., May 8, 2024 /PRNewswire/ -- Allied
Market Research published a report, titled, "Sexual
Wellness Market by Product (Personal Lubricants,
Sprays, and Condoms) and Distribution channel (Specialty Stores,
E-Commerce, FDM, and White Label): Global Opportunity Analysis and
Industry Forecast, 2024-2033". According to the report, the
"sexual wellness market" 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.
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Prime determinants of growth
Health and wellness trends play a pivotal role in
driving the growth of the sexual wellness market by fostering a
culture of self-care and holistic well-being. As individuals
increasingly prioritize their physical, mental, and emotional
health, they seek products and services that address all aspects of
their well-being, including sexual health. This shift in consumer
mindset has led to a surge in demand for sexual wellness products
that are perceived as natural, safe, and beneficial for overall
health.
On the other hand, social marketing is a type of
intervention in which sexual wellness product brands are marketed
with a promotional campaign and sold to a specific target
population. This platform is majorly used to brand condoms to
promote their use and spread awareness regarding STDs. In addition,
there are many other approaches, which include public/ free and
private distribution of condoms that boost market growth. Social
marketing has gained significant popularity in developing countries
such as China and India for branding and sales of condoms.
Report Coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023-2033
|
Base Year
|
2023
|
Market Size in
2021
|
$20.6
billion
|
Market Size in
2031
|
$32.5
billion
|
CAGR
|
4.7 %
|
No. of Pages in
Report
|
325
|
Segment
covered
|
Product, Distribution
Channel, and Region
|
Drivers
|
Surge in instances of
AIDS/HIV and STIs
Use of social marketing
to promote products
Rise in R&D
investments
|
Opportunities
|
Rise in the millennial
population
The surge in disposable
income
|
Restraints
|
Reduced sexual
acts
Restrictive awareness
and accessibility to condoms
|
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Sprays segment to maintain its leadership
status throughout the forecast period
By product, the condoms segment held the major
share of the market in 2023, accounting for more than two-thirds of
the global sexual wellness market, and is estimated to maintain its
leadership status throughout the forecast period. Condoms are
widely recognized as an effective method of preventing the
transmission of STIs, including HIV/AIDS, gonorrhea, chlamydia, and
syphilis. In addition, condoms serve as a barrier contraceptive
method that helps reduce the risk of unintended pregnancies. Public
health campaigns, educational initiatives, and advocacy efforts
that promote safe sex practices emphasize the importance of condom
use, driving the demand for condoms.
Sprays segment is the fastest growing segment of
the market in 2023. Spray is a convenient choice for those who want
a hassle-free experience. It also gives better control over how
much and where you apply the product, making it more satisfying to
use. Moreover, the demand for sprays designed for hygiene and
freshness purposes is driven by the desire for cleanliness and
confidence.
FDM segment to retain its dominance by
2033
By distribution channel, the FDM segment held the
major share of the market in 2023, accounting for more than
two-thirds of the global sexual wellness market, and is estimated
to maintain its leadership status throughout the forecast period.
The availability of sexual wellness products in grocery stores,
drugstores, and mass merchandise outlets makes them easily
accessible to a broad customer base. This convenience factor drives
the demand for sexual wellness products in the FDM sector. FDM
retailers have established trust and familiarity with consumers
over the years. People often prefer to shop for personal care and
health-related products from these trusted sources.
White label is the fastest-growing segment of the
market in 2023. White-label retail allows retailers to have greater
control over the branding and packaging of condoms and lubricants.
They customize the products to align with their target audience and
brand image. This flexibility in branding provides a competitive
advantage by offering unique products in the market. By choosing
white-label products, retailers avoid the costs associated with
product development, manufacturing, and quality control.
Asia-Pacific
to maintain its dominance by 2033
By region, the Asia-Pacific region held the highest market
share in terms of revenue in 2023, accounting for more than
one-third of the global sexual wellness market. Global brands
strive among themselves to deliver better value propositions and
effective marketing strategies. Asia-Pacific is projected to grow at the
highest CAGR, owing to urbanization and exposure to Western
influences have played a significant role in shaping attitudes
toward sexual wellness in the Asia-Pacific region. As people migrate to
urban centers and engage with global trends, there is greater
exposure to Western sexual norms and practices.
Latin America is
the fastest-growing region of the market in 2023. In addition,
there has been a notable increase in awareness and acceptance of
sexual health and wellness in the Latin
America region. Growing awareness about safe and pleasurable
sexual experiences has led to a higher demand for products such as
lubricants, condoms, and sprays. The Latin America region has witnessed evolving
sociocultural factors, including changing attitudes toward sex and
sexuality. As societies become more progressive and open-minded,
the demand for sexual wellness products has risen.
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Leading Market Players
- Adam and Eve
- Pjur Group Luxembourg S.A.
- Doc Johnson Enterprises, Inc.
- California Exotic Novelties
- Karex Berhad
- Bijoux Indiscrets SL
- BioFilm, Inc.
- Wicked Sensual Care
- Westridge Laboratories, Inc.
- Church & Dwight Co., Inc.
- Reckitt Benckiser Group PLC
- Tenga Co., Ltd.
- Kessel Medintim GmbH
- CC Wellness
The report analyzes these key players in the
global sexual wellness market. These players have adopted various
strategies such as expansion, new product launches, partnerships,
and others to increase their market penetration and strengthen
their position in the industry. The report is helpful in
determining the business performance, operating segments,
developments, and product portfolios of every market player.
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