Published Date: 7-Jan-2021
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According to a new report Global Sexual Wellness Market, published by KBV research, The Global Sexual Wellness Market size is expected to reach $125.1 billion by 2026, rising at a market growth of 12.4% CAGR during the forecast period.
Based on gender, the male segment held a substantial revenue share of the sexual wellness market in 2019. Numerous products have been developed in the market that mainly focuses on men. Male customers are likely to offer better opportunities for sellers of the sexual wellness industry. Sex toys and condoms have higher demand amongst male customers.
The Speciality stores focuses on selling one group of products like sex toys stores. These sex toy vendors and employees can develop expertise and reputed knowledge for specialised condoms and sex toy. Through suggestions about product from the sales staff of speciality store and specific product offerings, are anticipated to expand the growth of the market. Online segment has garnered the substantial revenue share of the market in 2019. The growing inclination towards online shopping is due to the privacy offered by these shopping sites. Moreover, the stigma associated with the sexual wellness products has also reduced over the years.
The North America market dominated the Global Sexual Wellness Market by Region in 2019, growing at a CAGR of 11.5 % during the forecast period. The Europe market is showcasing a CAGR of 12% during (2020 - 2026). Additionally, The Asia Pacific market is estimated to grow at a CAGR of 13.7% during the forecast period.
Structural Insights: https://www.kbvresearch.com/sexual-wellness-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Reckitt Benckiser Group PLC, Church and Dwight Co., Inc., Karex Berhad, Adam & Eve Stores (PHE, Inc.), California Exotic Novelties, LLC, Doc Johnson Enterprises, Hot Octopuss Limited, Bijoux Indiscrets, Kessel Medintim GmbH and TENGA Co., Ltd.
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