Sexual Wellness Market Size, Share, Trends, Growth and Forecast 2030

Sexual Wellness Industry Prospective:

The global sexual wellness market size was worth around USD 57.50 billion in 2022 and is predicted to grow to around USD 110.33 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.49% between 2023 and 2030.

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The report delves deeper into several crucial aspects of the global sexual wellness industry. It includes a detailed discussion of existing growth factors and restraints. Future growth opportunities and challenges that impact the sexual wellness market are comprehensively addressed in the report.

Sexual Wellness Market: Overview

Sexual wellness is a basic human need. It is essential for the overall well-being and health of couples, individuals, families, and the general society at large. It is required for the expansion of communities and the development of countries. Sexual wellness has to be considered affirmatively. The concept of sexual wellness should be approached with a respectful attitude. The official definition of sexual wellness has helped in broadening the understanding of sex as an act by incorporating the emotional, social, mental, and physical well-being of the participants. It does not deal only with the absence of dysfunction, disease, or infirmity. Sexual wellness comprises attributes such as equal access to sex-related care, information, and education. Sexual wellness and awareness can be achieved by ensuring that people are made aware of the importance of consensual and safe sex.

Key Insights:

• As per the analysis shared by our research analyst, the global sexual wellness market is estimated to grow annually at a CAGR of around 8.49% over the forecast period (2023-2030)
• In terms of revenue, the global sexual wellness market size was valued at around USD 57.50 billion in 2022 and is projected to reach USD 110.33billion, by 2030.
• The sexual wellness market is projected to grow at a significant rate due to the increasing discussions around sex and related topics
• Based on sex segmentation, males were predicted to show maximum market share in the year 2022
• Based on provider segmentation, online stores were the leading providers in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Sexual Wellness Market: Growth Drivers

Increasing discussions surrounding sex to drive market growth

The global sexual wellness market is expected to grow due to the increasing liberal discussions around sex and related activities. Until a few years ago, sex was considered a taboo topic of discussion in many countries and religions. However, people have started becoming more accepting of discussions about the importance and impact of practicing safe sex. For instance, a 2022 report by the New York Post suggested that nearly 58% of survey respondents have spoken to their children about sex and nearly 21% said they planned to do it with time. Their number is not significantly high but it has grown over the years.

Increased participation from government and welfare agencies to assist further growth

Increased participation of government and regional welfare agencies to encourage parents and children to sex-related healthy discussions has been crucial to the change. A 2023 report by Sex Education Australia stated that children between 8 and 11 years of age wanted to learn the importance of consent. In June 2023, the Mayor of Massachusetts announced the launch of a new curriculum framework related to a fresh take on sex education in schools and educational institutes.

Product Innovation to act in the favor of the market

One of the primary reasons for better revenue in the sexual wellness industry has been the number of product innovations undertaken by suppliers of these products. This includes the launch of new sex toys, condoms, and lubricants which cater to a larger consumer group. In April 2023, Muc-Off, a leading supplier of motorcycles and bicycles, announced entry into the sexual wellness segment with the launch of a new range of Muc-Off Sex Lube. The announcement was made keeping in view the demand from the consumers of the company.

Sexual Wellness Market: Restraints

Less acceptance of sex-related topics in certain cultures to restrict market expansion

Despite the increase in comfort between guardians and children about sex education, there is still a significant number of cultures and religious groups that prohibit discussing sex. This is mainly due to the negative perception surrounding sex, especially in countries with traditional belief systems.

Increasing sex-related crimes to suspend higher growth

In the last few years, sex-related crimes have increased globally which directly impacts the global sexual wellness market growth as many people view objects used for sexual wellness as tools used for promoting sexual violence. A recent statistic showcases that nearly 1 in every 6 US women has faced forms of sexual abuse.

Sexual Wellness Market: Opportunities

Increasing adoption of online sales channel to drive market expansion

The global sexual wellness industry may come across higher growth opportunities due to the increasing sales of sexual wellness products through online sales channels. Many people shy away from buying these products from retail shops and prefer purchasing them anonymously. In 2014, the Indian e-commerce space registered high sales revenue from sexual wellness products.

Rising number of players in the industry to drive higher growth

The number of players operating in the sexual wellness industry has grown over the years. In April 2022, Diesel, an Italian denim brand, announced a partnership with Lelo, a sexual wellness company. These units will jointly produce a limited range of sex toys. The 2 product ranges cost USD 120 and USD 150.

Sexual Wellness Market: Challenges

Regulatory hurdles to challenge revenue streams

Currently, the global sexual wellness market is plagued with the existence of several regulatory hurdles in terms of the sale of sexual wellness products especially items used for sexual gratification such as vibrators. While some countries allow retail shopping of sex toys, such stores remain highly controversial in certain countries. For instance, Iraq and Saudi Arabia have completely banned the import, possession, or distribution of sex toys. In certain nations such as India, the stance on the same is confusing. In June 2023, Snapdeal, an Indian e-commerce site, was taken to court for selling sex toys and other accessories.

Sexual Wellness Market: Segmentation

The global sexual wellness market is segmented based on sex, product, provider, and region.

Based on sex, the global market is segmented into females and males. The market witnessed high growth in the male segment mainly due to changing perceptions toward male sexuality. The introduction of innovative products along with increasing awareness about sexual health has resulted in higher consumption of products such as supplements, lubricants, sex toys, condoms, and other items. The female segment is also a significant contributor to total revenue share driven by the growing acceptance of sexual wellness products such as sex toys. More than 52% of American women use vibrators for sexual gratification.

Based on product, the sexual wellness industry is divided into condoms & female contraceptives, antifungal agents, personal lubricants, sex toys/vibrators, pregnancy testing products, erotic lingerie, and other wellness products. The highest growth rate was listed in the condoms & female contraceptive segment. It is one of the most commonly used products during sex. It is used for protection against unwanted pregnancy and sexually transmitted diseases (STDs). Between 2019 and 2020, India recorded sales of 2 billion condom pieces. Increasing awareness, a rise in population control initiatives, and higher product availability are leading reasons for segmental growth.

Based on provider, the global market is divided into retail outlets and online stores. The latter segment is expected to lead with the highest revenue during the forecast period. A growing number of products available on online platforms, increasing internet penetration, and ease of buying along with rising partnerships between product providers and online platforms are likely to drive higher revenue. In February 2021, Durex, a sexual wellness product maker, announced 50% of its sales were from online mediums.

Sexual Wellness Market: Report Scope

Sexual Wellness Market: Regional Analysis

North America to lead with the highest growth rate

The global sexual wellness market is expected to be led by North America. In 2022, the region generated over 36 billion of the overall revenue. A higher number of players, greater positive acceptance of sex, rising sexual awareness, and increased government initiatives to promote sexual education at the school level are driving regional growth. In March 2023, Maude, a modern sexual wellness brand, became the first brand of its kind to be stocked at popular Sephora centers. Maude will showcase its products including organic lubricant, unscented body wash, and a massage candle. Similarly In January 2023, Journelle, a lingerie brand opened its global headquarter in the New York region. The store will be home to a wellness center along with brand-associated products. The legal status of selling sexual toys further adds to regional revenue in addition to the high disposable income of the consumers.

Sexual Wellness Market: Competitive Analysis

The global sexual wellness market is led by players like:

• Doc Johnson
• LELO
• pjur
• Lovers
• Durex
• Womanizer
• Satisfyer
• Trojan
• Adam & Eve
• Lovehoney
• We-Vibe
• Luvkis
• Fleshlight
• Babeland
• K-Y.

The global sexual wellness market is segmented as follows:

By Sex

• Females
• Males

By Product

• Condoms & Female Contraceptives
• Antifungal Agents
• Personal Lubricants
• Sex Toys/Vibrators
• Pregnancy Testing Products
• Erotic Lingerie
• Other Wellness Products

By Provider

• Online Stores
• Retail Outlets

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa