CHICAGO, Dec. 6, 2021 /PRNewswire/ — In-depth evaluation and data-driven insights on the influence of COVID-19 included on this US sexual wellness market report.
The US sexual wellness market is predicted to develop at a CAGR of 8.27% through the interval 2020−2026.
Key Highlights Provided within the Report:
- The demand for sexual wellness merchandise from on-line channels is extremely prevalent within the US.
- Ease of entry to the web and the comfort and luxury of buying these merchandise via on-line channels has enabled the expansion of a large shopper base within the nation.
- The sexual wellness merchandise supplied on-line are cost-effective as they’re usually offered at discounted costs, which attracts price-sensitive end-users. Social media is an efficient manner of selling and driving using feminine condoms amongst ladies.
- Distributors and retailers are capitalizing on such rising curiosity among the many target market. There have been fixed efforts by distributors to leverage this to disassociate the stigma, taboo, and the label of pornography hooked up to the market and shift sexual wellness merchandise to mainstream cabinets.
- There’s a rise in demand for flavored condoms from ladies and {couples}. Many small private-label distributors are getting into the market with a specialised vary of merchandise for end-users.
- The rising demand for B2B feminine condoms will result in a drop of their per-unit value. Nevertheless, as distributors develop their presence within the retail market, the ASP per piece will improve through the forecast interval.
- Southern US dominated the sexual wellness market with a share of round 35.28% in 2020. The nation is predicted to witness a major CAGR of 8.53% throughout forecast interval.
- Southern US will proceed to be the biggest marketplace for condoms through the forecast interval.
- The demand for feminine condoms will witness sturdy traction within the nation after the arrival of low-cost feminine condoms and develop the retail presence of main gamers.
- The demand for condoms is predicted to extend from institutional patrons comparable to USAID, UNFPA, WHO, and different NGOs and foundations.
- Fixed product improvement and bringing in new options are keys to attaining excessive gross sales progress.
- Firms with higher technical and monetary assets can develop progressive merchandise that render rivals’ product non-effective even earlier than their launch available in the market or earlier than their R&D prices are recovered. Due to this fact, distributors should develop new applied sciences. Worldwide gamers are at the moment dominating the market. Nevertheless, a number of regional and international gamers with small market shares even have a presence available in the market.
- Crucial and speedy want for condoms exists amongst ladies and women. Distributors who can improve their capability to cater to this buyer base are anticipated to take pleasure in a aggressive benefit available in the market.
- The gross sales of condoms had been drastically affected in 2020, particularly in H1 of 2020. The primary half of 2020 noticed a large fall within the gross sales of condoms with the unfold of the COVID-19 virus. Nevertheless, the influence of COVID-19 on the condom market was the toughest in Q1 and Q2 when the lockdown was strict. With decreasing restrictions and restarting manufacturing, the condom market began recovering.
Key Choices:
- Market Measurement & Forecast by Income | 2020−2026
- Market Dynamics – Main traits, progress drivers, restraints, and funding alternatives
- Market Segmentation – An in depth evaluation by product, gender, distribution channel, and geography
- Aggressive Panorama – 7 key distributors and 26 different distributors are profiled within the report
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U.S. Sexual Wellness Market – Segmentation
- In 2020, the intercourse toys section dominated the market with a share of 52.01%. Intercourse toy producers and retailers are capitalizing on this rising curiosity by providing bundled merchandise and “starter kits” for inquisitive prospects. That is anticipated to drive the expansion of the section available in the market.
- The necessity for acceptable advertising and marketing of a variety of sexual wellness merchandise catering to such gender necessities is of excessive precedence within the present sexual wellness trade. Male prospects have a tendency to supply higher alternatives for distributors to develop merchandise for the sexual wellness market. Greater than 30.1 million males undergo from erectile dysfunction within the US alone, thereby, creating immense alternatives for sexual lubricant producers owing to the necessity for lubricants by males.
- The entry of condom producers comparable to Reckitt Benckiser and Church & Dwight into the market has elevated the sale of intercourse toys and sexual lubricants via retail shops comparable to intercourse specialty shops and supermarkets. As well as, over 95% of the web retailers supply sexual wellness merchandise at discounted costs slightly than checklist costs that could be relevant in intercourse specialty shops and different brick-and-mortar distribution channels.
US Sexual Wellness Market by Product
- Intercourse Toys
- Vibrators
- Rubber Pennies
- Cock Rings
- Rubber Vaginas
- Anal Beads
- Blindfolds/Feathers
- Harness & Strap-on-Penises
- Bondage Gear
- Condoms
- Latex & Non-latex
- Branded & Institutional
- Male & Feminine
- Unique Lingerie
- Sexual Lubricants
- Water-based
- Silicon-based
- Oil-based
- Hybrid
- Others
US Sexual Wellness Market by Gender
US Sexual Wellness Market by Distribution Channels
- Offline Retail
- Specialty Shops
- Mass Market Gamers
- Drug Retailer/Pharmacies
- Grocery Shops
- On-line Retail
U.S. Sexual Wellness Market – Dynamics
Gamers are more and more specializing in launching merchandise which can be aesthetically interesting, inexpensive, and pleasurable to witness the launch of some progressive merchandise available in the market. As an illustration, Firms comparable to Veru (The Feminine Well being Firm), Cupid Restricted, HLL, Silk Parasol, and Tianjin Condombao Medical Polyurethane Tech. Co. are a few of the opinion-makers within the feminine condoms market, and their merchandise embrace Origami Feminine Condom, Feminine Panty Condom, Natura Sensation Condoms, and dumbbell-shaped condoms. Luxurious condom choices command a premium value and thus change into an enormous income generator for a lot of corporations. The market competitors is predicted to accentuate additional with a rise in product/service extensions, technological improvements, and M&A actions.
Key Drivers and Developments fueling Market Development:
- Rising Penetration of Digital Marketplaces
- Innovation in Condom Designs
- Intercourse Schooling Applications Driving Consciousness
- Growing Acceptance of Sexual Wellness Merchandise Amongst Girls
U.S. Sexual Wellness Market – Geography
The US has probably the most sexually lively populations by way of the utilization of condoms and sexual lubricants. Institutional patrons comparable to USAID, UNFPA, Invoice & Melinda Gates Basis, and PSI are the main progress boosters for the sexual wellness market within the US. Texas, Florida, and North Carolina reported the best market contribution among the many Southern states. The Authorities is strongly specializing in stopping and combating HIV within the Southern US, which in flip, is boosting the expansion of the US sexual wellness market. The whole inhabitants of Texas in 2019 was estimated at round 29 million, with round 11 million family items. Such an enormous inhabitants and the sheer variety of households will assist the demand for sexual wellness merchandise. One of many main elements driving the market within the US is the sturdy institutional gross sales by authorities and federal companies, NGOs, and charitable organizations. Gamers are anticipated to ascertain extra enhanced amenities on this area and keep offshore amenities for revenue enhancement and buyer base enlargement, which can drive the demand for the US sexual wellness market.
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U.S. Sexual Wellness Market by Geography
- South
- West
- Mid-West
- North-East
Key Distributors
- Life Holdco Pte. Ltd
- Church & Dwight
- Diamond Merchandise
- Reckitt Benckiser Group
- Okamoto Industries
- Karex Berhad
- Doc Johnson
Different Outstanding Distributors
- BioFilm
- B. Cumming
- Warning put on
- CalExotics
- Calvin Klein
- Empowered Merchandise
- Good Clear Love
- Man & O’Neill
- HBM Group
- ID Lubricants
- Innovus Pharma
- L Manufacturers
- Dwell Properly Manufacturers
- Mayor Laboratories
- MD Science Lab
- PHE
- Sensuous Magnificence
- Silk Parasol
- Sliquid
- StaySafe Condoms
- STRATA Numerous Product Design
- Suki (OhMiBod)
- Topco Gross sales
- Trigg Laboratories
- Veru Healthcare/The Feminine Well being Firm
- X.R. Manufacturers
Discover our health and wellness profile to know extra concerning the trade.
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